The National Anti-Profiteering Authority (NAA) held Litecon Industry to be guilty of not passing Goods and Service Tax (GST) benefits to consumers. Where applicant alleged profiteering by respondent in respect of ‘Fly Ash Blocks’ supplied by respondent stating that respondent did not pass on benefit of GST rate reduction from 12 per cent to 5 …
GST and Taxation for MSMEs: GST accounting applications have helped in the transition of many small businesses in an easier and cost-effective manner to a new indirect tax system and also making them organised in terms of their bookkeeping. GST and Taxation for MSMEs Since the launch of July 2017, Goods & Service Tax (GST) …
9 Reasons to Use Mobile Apps for Filing GST by small businesses Read More »
The controversy on whether remuneration paid to directors of a company is subject to Goods and Services Tax (GST) has been put to rest by a recent ruling, given by the Authority for Advance Rulings (AAR), Karnataka bench. Anil Kumar Agrawal, who had received salary as a director from a private company, had approached the …
No GST on Salary to Full-time Directors, Rules AAR Read More »
IN RE : KAR-ADRG-15-2020 DTD 23.03.2020 Where applicant is in business of sale of used (second hand goods) gold jewellery, it is held that valuation of second hand gold jewellery which are purchased from individuals who are not registered under GST and there is no change in form and nature of such goods can be …
Where Competent Authority had detained goods of assessee under transport as well as vehicle and passed order for confiscation of goods and vehicle, said Authority was to be directed to release goods and vehicle on assessee depositing requisite amount and further said authority would consider issue of confiscation afresh in light of principles explained by …
The GSTN Portal has enabled a new facility in Form GSTR-6. The adjustment of negative Input Tax Credit (“ITC”), while distributing credit to its units by ISD, through Form GSTR- 6. The persons registered as ISD can distribute ITC among its Units by filing Form GSTR-6, every month. Previously, ISD was not able to adjust …
Adjustment of Negative ITC,a new facility in Form GSTR-6 for ISD Read More »
The GSTN has enabled a new facility for UIN holders for the creation of Electronic Cash Ledger and Liability Register for UIN holders. UIN holders can claim a refund under section 55 of the CGST Act, 2017. The facility of Cash Ledger and Liability Register was not provided to UIN holders earlier, as they were only …
Creation of Electronic Cash ledger and Liability Register for UIN holders Read More »
The topics covered in this video 1. GST notifications for April 2020 2. CMP-02 date extension 3. GST-3B for Feb-20, Mar-20 & Apr-20 date relaxation 4. GSTR-1 late filing fees waiver 5. CMP-08 date extension 6. GSTR-4 date extension 7. Completion of any proceedings date extension 8. E-way date extension 9. GSTR-3B for May-20 extension …
GST Notifications dated 05 May 2020 Five GST Notifications CT were issued by CBIC on 05th May 2020 which have been reviewed in this video 1. Notification No. 38/2020 Central Tax dt 05.05.2020 : Seeks to make fifth amendment (2020) to CGST Rules. 2. Notification No. 39/2020 Central Tax dt 05.05.2020: Seeks to make amendments …
+91 782 746 9167
info@taxconsult.co.in
English
Hindi