News
Eye Share : 'GST Audit' - A new Era begins - Part 1
The purpose of GST audit is to assess compliance with GST and ensure the correctness and veracity of information provided.....
Copies of Notifications extending deadline for filing various returns in Andhra Pradesh & Tamil Nadu
CBIC notifies due date extension in respect of Forms GSTR-1, GSTR-3B and GSTR-4 for the state of Andhra Pradesh and.....
Due-date extended for filing returns in GSTR-7 by persons required to deduct TDS
Govt. extends due date for filing Form GSTR-7 (Persons required to deduct TDS under section 51 of GST Act ) for the.....
Due dates extended for filing of GSTR-1 and GSTR-3B in Andhra Pradesh and Tamil Nadu
Govt. extends due dates for filing of various GST returns in the state of Andhra Pradesh and Tamil Nadu due.....
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Eye Share: Validity of VAT re-assessments under GST regime in light of HC’s Interim Order
Recently, Division Bench of Karnataka HC granted stay of Single Judge decision [TS-702-HC-2018(KAR)-VAT] and passed an interim order staying operation of demand notice and.....
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Eye Share : Intricacies in filing GSTR 9 - Part II
In Part I of the 3 series article, Mr. Gaurav Kenkre (G.S. Kenkre & Associates, Chartered Accountants) focused on the basic intent.....
Eye Share : Intricacies in filing GSTR 9 - Part I
While Section 44 of CGST Act, 2017 mandates due date for filing GSTR 9 Annual return as December 31, 2018, there is.....
Eye Share: Taxability of Development rights – A Pandora’s Box - Part II
In Part I of the article series, Mr. Sandesh Mundra (Sandesh Mundra & Associates, CA) along with Ms. Pooja Jajwani (CA) attempted to decode the taxability.....
Maharashtra Govt. issues clarification relating to certain refund related matters
Maharashtra Govt. issues clarification relating to refund, to ensure uniformity in implementation of provisions of law across field formations, modifies Trade Circular.....
Eye Share : Blocking of Input tax credit by Haryana State Government - whether justified?
Goods and Services Tax (GST) has been introduced in India with the major objective of removal of cascading effect of.....
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Eye Share : Taxability of Development rights – A Pandora’s Box - Part I
Though GST has survived its first year in the Indian economy, however, the issue of taxability of development rights still.....
Govt. proposes enhancements in E-way bill generation w.e.f. November 16, 2018
National Informatics Centre (NIC) proposes improvements in e-way bill generation effective from November 16, 2018; Proposed enhancements include: (i) Checking.....
Govt. assures no let-up in sanction of refunds till October 31, solicits exporter's co-operation
Govt. addresses exporter’s concerns about growing pendency of GST refunds while assuring that there is no let-up in sanction of.....
Haryana Govt. guidelines for blocking ITC from electronic credit ledger by tax authorities
Haryana Government issues guidelines regarding circumstances in which ITC can be blocked/unblocked by jurisdictional tax authorities from electronic credit ledger;.....
CBIC clarifies interest treatment for short term loans extended by ‘Del-credere’ agent
CBIC issues clarifications relating to scope of principal and agent relationship under Schedule I of CGST Act, 2017 in the.....
CBIC clarifies on TCS collection by Tea Board of India
CBIC clarifies on collection of Tax at Source (TCS) by Tea Board of India; States that Tea Board of India,.....
Govt. exempts supply of goods/ services within PSUs from TDS provisions compliance
CBIC notifies that TDS provisions prescribed u/s 51(1)(a) of CGST Act shall not be applicable to supply of goods or.....
CBIC issues booklet, flyer and FAQs containing GST implications for MSME Sector
CBIC releases booklet on initiatives for Micro, Small and Medium Enterprises (MSMEs) providing synopsis of measures taken or proposed to.....
GST collections for October 2018 crosses 1 lakh crore, higher than September by 6.64%
Govt. explains that the total gross GST revenue collections for month of October, 2018 crosses Rs. 1 lacs crore of which.....
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CBIC releases compilation of all Notifications, Circulars and Forms issued
CBIC releases a compilation containing all Notifications (Central Tax, IGST and Union Territory Tax), Circulars & Orders and Forms issued under.....