CBIC issued revised SOP on TDS under GST
The Central Board of Indirect Taxes and Customs (“CBIC”) has issued a revised and updated standard operating procedure for TDS […]
Important News
Notification and Circular, Notification And Circular, Notifications and Circulars
CBIC mandates the reporting of all inter-State supplies made to unregistered persons in Table 3.2 of FORM GSTR-3B and Table 7B of FORM GSTR-1
The Central Board of Indirect Taxes & Customs (‘CBIC’) vide its Circular No. 89/08/2019-GST dated February 18, 2019 which clarify
Notification And Circular, Notification and Circular, Notifications and Circulars
CBIC grant one time relief for GST payment under wrong head while transferring goods to custom bonded warehouse
The Central Board of Indirect Taxes & Customs (‘CBIC’) vide its Circular No. 91/10/2019-GST dated February 18, 2019 has been given clarification
Notifications and Circulars
CBIC mandates every registered person to specify Place of Supply with the name of State in tax invoice in case of inter- State supply
The Central Board of Indirect Taxes & Customs (‘CBIC’) vide its Circular No. 90/09/2019-GST dated February 18, 2019 which clarify the compliance
Important Pronouncements
CESTAT allows refund of unutilized CENVAT credit consequent to closure of business under Rule 5 of CCR, 2004
Fact: M/s. International Engineering Agencies (“the appellant”) assessee engaged in the business of consultancy, commission agencies and other such related
GST Recent News, News
CA body U-turn on circular
The ICAI, the apex body of chartered accountants, has withdrawn a circular on the rotation of auditors in companies following
GST Recent News, News
India hikes customs duty to 200 per cent on all goods imported from Pakistan
India on Saturday hiked the customs duty on all goods imported from Pakistan to 200% with immediate effect, a day
Important Pronouncements
CESTAT held that recipient is liable to tax on service charges ancillary to GTA, not the provider of service
Fact: M/s All Cargo Global Logistics Ltd. (“the appellant”) was registered with the Service Tax (ST) dept. under the taxable
GST Recent News, News
Confusing GST affecting house sales, says CREDAI
Confusing statements over GST from the Central government have impacted sales in residential realty in Hyderabad, said S. Ram Reddy,
GST Recent News, News
Flow of credit, caution listing, GST refunds a concern for exports
Industry on Friday raised concerns on the flow of credit to export sector, exports to countries under US sanctions like Iran, caution