News
Eye Share : GST and its Affinity for All Things Broken
The concept of ‘input tax credit’ is a vital concept under GST that commands attention. The seamless flow of credit.....
CBIC’s clarification regarding GST on monthly subscription/contribution charged by a Residential Welfare Association
CBIC clarifies that contribution up to an amount of Rs. 7500 per month per member in respect of services provided.....
CBIC allows refund of IGST/ Compensation Cess for period upto June 30, 2019
CBIC clarifies that refund application in Form GST RFD-01A can be filed on common portal for the period July 1,.....
Eye Share : Sabka Vishwas – Legal Disputes Resolution Scheme, 2019- Understanding in Q&A style
While introducing Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 (LDRS) during her maiden budget presented on July 5, Ms. Nirmala Sitharaman has urged the trade and business to avail this.....
Copy of CGST Rules, 2017 amended upto July 18, 2019
CBIC releases the copy of Central Goods & Services Tax Rules, 2017 as updated upto July 18, 2019.....
Eye Share: Time Limit to Avail ITC for FY 2017-18 – Ramification of Gujarat HC Judgment
The Gujarat HC recently in case of AAP and Co. [TS-490-HC-2019(GUJ)-NT] held that GSTR-3B is not a return to be filed u/s 39.....
Eye Share : Post supply valuation under GST must be well aligned with time-tested Excise Valuation
Litigations are already doing rounds around the free post-supply discounts allowed to the distributor and the secondary discounts allowed by the distributor.....
CBIC’s clarification in respect of goods sent/taken out of India for exhibition/consignment basis
CBIC clarifies that activity of sending/taking goods out of India for exhibition or on consignment basis for export promotion is.....
CBIC’s clarification on supply of Information Technology enabled Services (ITeS) to overseas entities
CBIC issues clarification on issues related to supply of Information Technology enabled Services (ITeS services) such as call center, business.....
CBIC extends due date for filing FORM CMP-08 by composition taxpayers upto July 31
CBIC extends due date for filing of FORM CMP-08 by composition taxpayers for the quarter April - June upto July.....
Copy of amendments introduced to Finance Bill, 2019
Copy of amendments introduced to Finance Bill, 2019.....
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Eye Share : The PV Ramana Reddy Judgment - Power to Arrest Under Special Laws vis-a-vis Code of Criminal Procedure
In view of contradictory HC judgments on the extent of power of GST officials to arrest persons in default, a division bench of the SC [TS-381-SC-2019-NT] acknowledged.....
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Revenue Secretary, CBIC Chairman & State Ministers grace CNBC TV 18's GST Conclave
CNBC TV 18’s Conclave on GST @ 2: The Road Ahead, was graced by Rev. Secy., CBIC Chairman and various State Ministers.....
Eye Share : Mismatch of ITC - Analysis of legal provisions and the way forward
One notable aspect about the Indian GST model which makes it different from the GST models prevailing in other countries.....
Eye Share: IGST on Ocean Freight – Double Taxation ?
One of the most contentious issues under GST regime which affects almost all importers across the industries is whether the.....
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GSTN issues Statistical Report on 2 years of GST implementation
GSTN releases a Statistical Report on completion of 2 years of GST Implementation; Report highlights the key statistics regarding registration.....
Tax World reacts to Union Budget 2019!
“The most important takeaway from the Budget, was a tax that did not materialize i.e. no inheritance tax was proposed......
Key GST and Indirect Tax Proposals in Finance Bill 2019
Budget 2019 proposes various changes to GST and IDT regime in line with Govt's objective to simplify GST and promote.....
FM proposes 'legacy dispute resolution' scheme to resolve pre-GST regime disputes
To address pending litigation for pre-GST regime, FM proposes a 'legacy dispute resolution' scheme to allow quick closure of these.....
Eye Share: GST 2.0 |The need to ease compliance
The entire endeavour of bringing GST laws was to provide a good and simple tax to the nation with ease.....