News
Kerala Govt. issues instructions to curb tax-evasion, directs cancellation of bogus/benami registrations
Kerala Govt. issues instructions in order to curb tax evasion and revenue leakage in State noting that certain unscrupulous suppliers.....
Govt. grants power to extend last date for filing GST TRAN-1 upto March 31, 2019
Govt. grants power to Commssioner to extend the last date for submitting the declaration electronically in FORM GST TRAN-1 by.....
Government extends due date for furnishing of FORM GSTR-1 to October 31
Due Date for furnishing FORM GSTR-1 for the period from July 2017 to September 2018 has been extended till October 31,.....
Govt. waives late fees for certain taxpayers, notifies date extension for various declarations
Govt. waives late fee stipulated u/s 47 of CGST Act, 2017 for: (i) registered persons who had submitted but could.....
CBIC clarification on refund related issues, scope of Principal-agent relationship, processing of CSD refund applications
CBIC clarification on refund related issues, scope of Principal-agent relationship, processing of CSD refund applications.....
CBEC specifies ‘alternative method’ for recovery of transitional credit under GST regime
CBEC specifies the recovery process of arrears in case of wrongly availed CENVAT credit under the existing law and CENVAT.....
CBIC clarifies on E-way bill regarding storing of goods in transporter’s godown
CBIC (GST policy wing) clarifies on E-way bill in case of storing of goods in godown of transporter; CBIC states that.....
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CBIC releases format of Annual Return for July 2017 to March 2018
CBIC notifies format of Annual Return for regular taxpayers (FORM GSTR-9) and composite taxpayers (FORM GSTR-9A) for the period July.....
Eye share: Advance Ruling on Tax Implications under CBU Model in Liquor Industry
Recently, Karnataka AAR in case of United Breweries Ltd. (TS-294-AAR-2018-NT) held that manufacture of beer by contract brewing / bottling units (CBUs) as per specifications of brand.....
August GST collections tad lower at Rs. 94,000 cr
GST collections for August come in at Rs. 93,960 Cr, lower than July & June collections by a couple of.....
Govt. enacts GST Amendment Acts; Receive Presidential assent on August 29
Govt. enacts the CGST (Amendment) Act 2018, the IGST (Amendment) Act 2018, the UTGST (Amendment) Act 2018 and the GST.....
Eye Share: Health Check of Input Tax Credit for FY 2017-18
Under the GST law, a taxpayer who has not availed ITC in any of the previous months, can avail the same.....
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Andhra Pradesh Govt. urges State officers to intiate action against Central taxpayers for evasion
Andhra Pradesh Govt. requests all Joint Commissioners (State Tax) to initiate action against taxpayers allotted to Central Tax Authorities, upon.....
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Eye Share: Advance Rulings under GST – Clarification or Chaos?
After the implementation of GST regime, various kinds of issues have been raised before the Authority for Advance Ruling (AAR). .....
CBIC issues clarification regarding removal of restriction of accumulated ITC refund on fabrics
CBIC issues clarification regarding removal of restriction of refund of accumulated input tax credit (ITC) on fabrics vide Notification No. 20/2018 –.....
Relief to Kerala taxpayers as Govt. extends GST returns due date
Govt. extends due date for filing GST returns (for July, August & Quarterly returns) for Kerala, Kodagu (Karnataka) and Mahe.....
NAA notices to P&G and J&J over GST rate cut benefits on sanitary napkins
National Anti-Profiteering Authority (NAA) sends notices to Procter & Gamble and Johnson & Johnson to explain why the benefit of.....
Due date for July's GSTR-3B extended to August 24
Govt. extends due date for filing of Form GSTR-3B for the month of July 2018, to August 24 : CBIC Notification.....
Eye Share: GST Amendment Bills: One Nation – One Voice – One Simple Tax
Earlier this month, the Lok Sabha passed four Bills to amend the GST law, after the GST Council recommended a slew of amendments largely.....
CBIC constitutes Standing Committee for proper utilization of Consumer Welfare Fund
CBIC constitutes Standing Committee in terms of Rule 97(4) of CGST Rules which shall make recommendations for proper utilization of.....