Mumbai realty most affordable among similar realty hot spots
Mumbai, home to some 24 million people, is among India’s most expensive real estate markets. Yet, owning a piece of […]
GST Recent News, News
Important Pronouncements
Allahabad HC allows manual filing of Form GST TRAN-01, not filed due to technical glitches on the portal
Facts: Anil Kumar & Sons (“The Petitioner”) made several attempts of filing GST TRAN-01 till the last date but was unable
Important News, News
Forthcoming changes in E-Way bill System as on March 25, 2019
The National Informatics Centre (“NIC”) has made new changes in E-Way Bill System dated March 25, 2019, which will be
Notifications and Circulars
GOI extends the exemption from IGST and Compensation Cess to EOUs on imports till March 31, 2020
The Government of India (“GOI”) has issued a Notification No. 09/2019 – Customs Tariff dated March 25, 2019 which extends
GST Recent News, News
Fake invoices to evade GST pose a big challenge, tax officials looking at different strategies to curb menace
Faced with the big challenge of tackling fake invoicing in GST regime, tax officials are looking at different strategies to
Important Pronouncements
Revenue Department must pass speaking order for release of goods/vehicle detained : High Court
Facts: Ikram Hameed (“Petitioner”) was a transporter whose vehicle was used for transporting the goods supplied by M/s R.R. Enterprises.
GST Recent News, News
Builders demand relaxation in bank norms under GST
Banks should relax repayment norms for builders who take up government projects and face delays in getting the payments,
Advance Ruling-New
Indian company providing back office support services to overseas client cannot be treated as ‘export of service’ : AAR Maharashtra
Facts: Vserv Global (P.) Ltd. (“the Applicant” or “the Service Provider”) is an Indian Company incorporated to provide back office
Advance Ruling-New
Service Recipient eligible to obtain Advance Ruling only when GST is paid under Reverse Charge Mechanism: AAR of MAHARASHTRA
Facts: Telstra Telecommunication (P) Ltd (“The Applicant”) is engaged in providing internet connectivity services. As a part of the internet
GST Recent News, News
Back office operations will be considered as export of services, rules AAR-Maharashtra
In an interesting development the Maharashtra Authority for Advance Rulings (AAR-Maha) seems to have held divergent views on taxability (Goods