Category : Latest
67/2018-Central Tax ,dt. 31-12-2018 – Seeks to extend the time period specified in notification No. 31/2018-CT dated 06.08.2018 for availing the special procedure for completing migration of taxpayers who received provisional IDs but could not complete the migration process.
...
Circular No. 76/50/2018-GSTClarification on certain issues (sale by government departments to unregistered person; leviability of penalty under section 73(11) of the CGST Act; rate of tax in case of debit notes / credit notes issued under section 142(2) of the CGST Act; applicability of notification No. 50/2018-Central Tax; valuation methodology in case of TCS under Income Tax Act and definition of owner of goods) related to GST
...
Decisions & Recommendations made during 31st Meeting of GST Council on 22.12.2018
Applicability of the Changes made: Changes made by CGST (Amendment) Act, 2018, IGST (Amendment) Act, 2018 UTGST (Amendment) Act, 2018 and GST (Compensation to states)...
Exposure Drafts of AS – 1 and AS – 37 issued by the Institute of Chartered Accountants of India – ICAI
The Indian Accounting Standards (Ind AS), as notified by the Ministry of Corporate Affairs in February, 2015, have been applicable to the specified class of...
View Public Documents(VPD) services would be restricted from 28.12.2018 to 31.12.2018 between 8:00 hours to 20:00 hours – MCA
View Public Documents(VPD) services would be restricted from 28th December (Friday)2018 to 31st December (Monday)2018 between 8:00 hours to 20:00 hours. Stakeholders may plan accordingly....
FAQs on GST – CBIC
The Central Board of Indirect Taxes and Customs (CBIC) has published the FAQs on GST. To download the FAQs, click here FAQ GST CBIC...
No coercive action against the Start up companies
The Central Board of Direct Taxes (CBDT) has directed all the Principal Chief Commissioners of Income Tax, not to take coercive measures to recover the...
CBDT Extends the due date for furnishing of report under section 286 (4) of the Income-tax Act, 1961 – Circular 9 of 2018 dated 26.12.2018
In order to remove the genuine hardship in furnishing of the report under sub-section (4) of section 286 of the Act read with sub-rule (4)...
CBDT issues explanatory notes to the provisions of the Finance Act, 2018 on 26.12.2018 – Circular no.8/2018 , CBDT
The Central Board of Direct Taxes vide its Circular No. 8/2018 dated 26.12.2018 issued explanatory notes to the provisions of the Finance Act, 2018 To...
The assessee can be taxed only on the gain which is oozing out from the sale consideration, thus, no adverse inference can be drawn while invoking the provision of section 50C of the Act. – Bombay High Court
Held : “The assessee can be taxed only on the gain which is oozing out from the sale consideration, thus, no adverse inference can be...
ITC in relation to invoices issued by the supplier during the FY 2017-18 may be availed by the recipient till the due date for furnishing of Form GSTR -3B for the month of March, 2019 – GST Council
The GST council in its meeting held today at New Delhi recommend ITC in relation to invoices issued by the supplier during the FY 2017-18 may...
GST council decides to reduce tax rate from 28%to 18% Monitors & TVs , Power Banks, Digital camera and video Cameras – GST council
GST Council in its 31st Council meeting held today at New Delhi decided to reduce tax rates on various items such as: From 28% to...