News
CBIC extends due date for GSTR-7 of January 2019 up to February 28
CBIC extends time limit for filing FORM GSTR -7 by a registered person required to deduct tax at source u/s.....
Govt. releases total Direct and Indirect Tax collection figures for FY 2017-18 and 2018-19; Collects late fee of 4172.44 crores till date
Govt. releases details of total Direct and Indirect tax collections for FY 2017-18 and 2018-19 (up to January, 2019); Reports.....
Govt. releases month-wise gross collection figures of GST for FY 2017-18 and FY 2018-19
Govt. releases month-wise gross collection figures of CGST, SGST, IGST and Cess For FY 2017-18 and FY 2018-19; Explains that,.....
.jpg)
GoM decides to recommend 5% GST for under-construction property
GoM decides to recommend 5% GST (without ITC) for under-construction property and 3% GST (without ITC) for affordable housing; FinMin.....
Copy of CGST Rules 2017 amended upto February 01, 2019
CBIC releases the copy of Central Goods & Services Tax Rules 2017 as updated upto February 01, 2019......
Eye Share : Raising GST Collections and Ensuring Compliances
The recent trends under GST are a cause of concern as GST collections are dropping and non-compliances like non-filing of.....
.jpg)
Hyderabad Commissionerate orders verification and recovery of interest not discharged w.r.t. belated returns
Hyderabad GST Commissionerate issues clarification w.r.t. payment of interest arising u/s 50 of CGST/SGST Act on account of delayed filing.....
Eye Share : Leasing & Real Estate under GST - Part II
In Part - 1 of their 3 part article series, Mr. Ankit Kanodia (CA, S.K. Kanodia & Associates) along with Ms. Puja Banthia.....
January' 19 collections cross Rs. 1 lacs crores, higher by 14% compared to January’ 18
Govt. releases GST collection figures for the month of January, 2019, total gross collections for the month of January, 2019.....
Govt. extends GSTR-8 due-date, deposit's interest not includible for 'composition scheme' eligibility/threshold
CBIC extends due date for filing GSTR – 8 by e-commerce operators for the months of October, November and December, 2018.....
Govt. amends/rescinds certain circulars in view of amendments introduced from February 1
Govt. amends certain circulars issued under the CGST Act, 2017 consequent to GST Amendment Acts brought in force with effect.....
Eye Share : Claiming Input Tax Credit based on Railway Freight Receipts
The importance of an invoice under GST cannot be over-emphasised as it is the primary document evidencing the supply and.....
Govt. extends the time limit for filing GSTR-7 and TRAN-1
CBIC extends time limit for filing FORM GSTR -7 by a registered person required to deduct tax at source u/s 51,.....
Taxsutra Budget Special: 5 years of Modinomics - A deep dive into 'big ticket' amendments
The Narendra Modi Government is almost at the finish line of its five-year term. With less than 24 hours to.....
Gujarat CGST officers arrests dummy proprietors for issuance of fake invoices
Gujarat CGST officers arrest dummy proprietors of firms involved in case of issuance of fake invoices valued at Rs. 107.....
CBIC notifies Amendment Acts, allows unutilised ITC transfer to newly registered business place
CBIC notifies February 1, 2019, as the date on which the provisions of the CGST (Amendment) Act, 2018 (except for.....
.jpg)
Eye Share : GST clarifications challenged before the Hon’ble High Courts
Recently, Gujarat HC in case of Torrent Power Limited [TS-858-HC-2018(GUJ)-NT] stuck down Circular No.34/8/2018-GST dated March 1, 2018 to the extent the same provides that.....
Eye Share : Leasing & Real Estate under GST - Part I
Leasing Industry under pre-GST regime has been saddled with multiple taxation, as both State and Central Tax Departments have sought to.....
Cabinet approves formation of National Bench of the Goods and Services Tax Appellate Tribunal
Cabinet approves formation of National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT), forum for second appeal under.....
FinMin constitutes GoM on issues relating to taxation of 'Lottery'
FinMin constitutes Group of Ministers (GoM) constituting of 8 members on issues relating to Lottery under GST regime pursuant to.....