Chartered Accountants
(Date: 3/3/2019)
The CBIC has clarified that expression “eligible duties” for transitional credit under GST includes CENVAT credit of service tax paid. Therefore, the CENVAT credit of service tax paid would be available as transitional credit under the GST law.
(Date: 3/3/2019)
CBIC has examined in details various errors relating to processing of IGST export refund and issued the resolution methodology of these errors.
(Date: 3/3/2019)
The Central Board of Direct Taxes (CBDT) has issued circular for deduction of tax at source from salaries. CBDT has explained the obligation of employers with regard to deduction of tax at source from salaries under section 192 of the Income-tax Act, 1961 for the financial year 2018-19 in a comprehensive manner.
(Date: 2/1/2019)
CBIC has clarified GST rates & classification of various goods and services such as Sattu, Fish meal, LPG for domestic use, Sprinkler, supply of food & beverage service by education institutions and Printing of pictures, etc.
(Date: 2/1/2019)
After receiving various representations for seeking clarification CBIC has clarified applicability of GST on various programmes conducted by IIMs, GST on services of business facilitators to banks, GST on International Financial Corporation, etc.
(Date: 2/1/2019)
Due to technical issues being faced by the e-commerce operators on the common portal, Govt has extended the due date for furnishing of GSTR-8 for the months of Oct, Nov, Dec, 2018 till 31.01.19
(Date: 2/1/2019)
For removal of difficulties faced by taxpayers government has extended the due dates for claiming ITC on the invoices or debit notes issued during the F.Y. 2017-18 and rectification in GSTR-1.
(Date: 2/1/2019)
In order to clarify the issue related to doubt have been raised as to the date from which withdrawal from the composition scheme, the Board, in exercise of its powers conferred by section 168(1) of the CGST Act, hereby clarifies the issues raised as below.
(Date:2/1/2019)
No person shall be allowed to furnish the information in PART A of FORM GST EWB-01 who has not furnished the returns for two consecutive tax periods.
(Date: 2/1/2019)
No reverse charge on services provided by a goods transport agency to Government Department or Local Authority or Governmental agencies, which has taken registration under the GST only for the purpose of deducting tax and not for making a taxable supply of goods or services.