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CBIC clarifies correct figures of IGST refund claims processed/pending, solicits exporter's co-operation
CBIC clarifies that 92.68% (Rs. 38,824 crore) of total IGST refund claims (Rs. 41,889 crore) transmitted to Customs from GSTN have.....
Eye Share : Rule 96(10) of the CGST Rules: A roller-coaster no exporter chose to board
GST regime has been implemented with all the grace of a bull in a china shop and retrospective amendments have.....
CBIC notifies amendment in Rule 96(10) and Rule 89(4B) of CGST Rules, 2017
CBIC notifies Central GST (Twelfth Amendment) Rules, 2018 to amend Rule 96(10) and Rule 89(4B) of CGST Rules, 2017; Substitutes.....
Govt. substitutes Rule 96(10) pertaining to IGST refund to exporters w.e.f. October 23, 2017
Govt. substitutes Rule 96(10) w.e.f. October 23, 2017; Said rule pertains to refund of IGST to exporters receiving supplies from persons.....
Rajasthan Govt. introduces “Family Assistance Scheme" in case of accidental death of registered beneficiary
Rajasthan Govt introduces “Family Assistance Scheme” in case of accidental death of registered beneficiary (dealers/ traders) who are bonafide residents of Rajasthan, registered.....
Govt. constitutes Advance Ruling Authority (AAR) & Appellate Authority (AAAR) for Union Territories
Govt. notifies the constitution of Authority for Advance Ruling (AAR) and Appellate AAR (AAAR) for 5 Union territories viz. Andaman.....
Govt. mandates online registration & filing of 'budgetary support' claims from quarter ending September
CBIC issues clarification in matter of registration and online filing of claims by eligible units located in 11 States (i.e......
Embassies/Consulates entitled to refund of 'Compensation Cess' on supply of goods/services
CBIC clarifies that UN and specified international organizations, foreign Diplomatic mission or consular posts, diplomatic agents and consular offices posts,.....
Eye Share: An analysis of manufacture, job work and ITC under GST-Part III
In Part I of the article series, Mr. K. Srinivasan (IRS) examined the veracity of recent Maharashtra AAR decision in JSW Energy Ltd. [TS-166-AAR-2018-NT] wherein it was held that.....
4 Supreme Court judges assigned tax matters as CJI Ranjan Gogoi announces new roster
4 Supreme Court judges including Justice Rohinton Nariman & Justice A.K. Sikri assigned tax matters as newly sworn in Chief.....
Eye Share : GST on Transfer of Tenancy Rights
Govt. vide Circular 44/18/2018 - CGST dated May 2,2018 clarified that transfer ot 'tenancy rights' is liable to GST. It was clarified that activity against.....
Govt. releases FAQs on Enhancements in E-Way Bill System effective from October 1
Govt. issues FAQs on Enhancements in E-Way Bill System effective from October 1; Seeks to provides clarity on various queries.....
Govt. requests conducting hand-holding sessions in respect of DDOs for smooth TDS implementation
Govt. issues instruction regarding deduction and deposit of Tax Deduction at Source (TDS) under GST w.e.f. October 01, 2018 by.....
Rs.94,442cr gross GST revenue in September 2018 stays flat from August collection
Govt. records total gross GST revenue of Rs. 94,442 crores in the month of September 2018; Said amount comprises of.....
Govt. releases FAQs on TCS and Standard Operating Procedure for TDS
Govt. releases FAQs on TCS under GST along with a ready reckoner for DDOs/other deductors to understand standard operating procedure.....
GST Council's 30th meeting concludes, proposes formation of GoM to deliberate on 'Calamity Cess'
GST Council's 30th meeting concludes today; Council decides to form a 7 member Group of Ministers (GoM) to work out mechanism to.....
Eye Share : Denial of ITC to Restaurants – Whether Mandatory?
One the main objective of introduction of GST regime was obliteration of cascading effect of taxes prevalent under erstwhile IDT.....
No GST on residential programs/ camps for advancement of religion, spirituality or yoga
Govt. issues clarification in matter of applicability of GST on residential programs or camps meant for advancement of religion, spirituality.....
Legal Metrology Controllers to assist GST officers to verify MRP post rate reductions
GST Council issues an office memorandum informing about Department of Consumer Affairs (DCA) directive to State Legal Metrology Controllers to assist.....
Cabinet approves proposal to convert GSTN into Govt. entity
Union Cabinet approves proposal to convert Goods and Services Tax Network (GSTN) into a 100% Govt. owned entity; Approves acquisition of.....