News
Govt. makes enhancements in E-Way Bill System from Oct 1
Govt. makes new enhancements in E- Way Bill (EWB) generation form which shall be applicable from October 1, 2018; Release a.....
Eye Share : Devil lies in the Details of Amendments Rule 96(10) of CGST Rules- Is there a discrimination?
The amendments to GST Acts / Rules are really taking a toll on the people and Industry. During year 2018, we have Central Goods.....
Eye Share : The impurities in the pure agency provisions under the GST regime!
The includability of reimbursable expenses in valuation of taxable services has been an area of immense debate and confusion ever.....
No e-way-bill for intra-city movement in Gujarat, fabric/garment transported intra-state for job-work
Gujarat Govt. notifies that no e-way bill shall be required for intra-city movement of all goods of any value; Further,.....
Goa Govt. links GST compliance to ensure compliance by all taxpayers/ contractors/ suppliers
Goa Govt. decides to link the GST compliance of all works contractors/ suppliers dealing with any State Govt. Department/ Govt......
Two businessmen arrested for issuing fraudulent ITC invoices, efforts underway to trace absconding directors
Two businessmen arrested in Gurugram u/s 69(1) of CGST Act by Directorate General of GST Intelligence (DGGI) and produced before.....
Exemption to one-time upfront amount for long-term lease available to Govt. owned entities
CBIC inserts Explanation to Entry 43/41 of Notification No. 9/2017- Integrated Tax (Rate) / Notification No.12/2017- Central Tax (Rate) &.....
.jpg)
Govt. notifies 1% TCS rate for e-commerce operators
Govt. notifies rate of 1% to be collected by every electronic commerce operator, not being an agent for supplies made.....
.jpg)
Eye Share : Spotlight is now on GST Auditor
The auditor community has always been the cynosure with the government authorities as well as the public. With the GST audit.....
Eye Share : Subsuming Royalty under GST - Silver Lining for Mining Industry ?
Some recent news articles state that the Mines Ministry is looking at Industry's proposal to classify 'royalties' from mines as ‘input cost’.....
Eye Share: Dissecting 5-Judge Constitution Bench ruling on ‘ambiguous’ exemption notifications
A 21-year-old settled position of law that ‘in case of ambiguity, a tax exemption provision or notification should be construed.....
Eye Share : Audit under Indian GST law
The Govt. has recently released the format for the reconciliation statement (GSTR FORM-9C) required to be submitted by every registered.....
.jpeg)
CBIC extends time limit for filing of TRAN-1 upto January 31, 2019
CBIC extends the period for submitting the declaration in FORM GST TRAN-1 upto January 31, 2019; The said extension is.....
CBIC issues guidelines for deductions and deposits of TDS by the DDO
CBIC issues guidelines to deduct tax by Govt. Agencies or any other person to be notified in this regard from.....
CBIC clarifies refund claims processing for UIN, modifies procedure for interception of conveyances
CBIC clarifies refund claims processing for UIN, modifies procedure for interception of conveyances.....
Copy of CGST Rules 2017 amended upto September 13, 2018
CBIC releases copy of Central Goods & Services Tax Rules, 2017 updated upto September 13, 2018 incorporating format of Reconciliation Statement.....
CBIC notifies applicability of TDS and TCS provisions w.e.f. October 01
Govt. notifies applicability of Section 51 of the CGST Act relating to tax deduction at source w.e.f. October 01, 2018.....
CBIC's Reconciliation Statement format seeks auditor recommendation on additional liability
CBIC notifies format of Reconciliation Statement for the period July, 2017 to March, 2018 in Form GSTR-9C; Basic details need.....
GST on PSLCs payable by seller bank on forward charge basis, clarifies CBIC
CBIC clarifies that GST on Priority Sector Lending Certificates (PSLCs) for the period July 1, 2017 to May 27, 2018 shall.....
Copy of CGST Rules 2017 amended upto September 10, 2018
CBIC releases the copy of Central Goods & Services Tax Rules 2017 as updated upto September 10, 2018.....