GST provisions with Interpretation on GTA
Posted Date : 02-Sep-2017 , 10:19:51 am | Posted By
Rajni
Definition of GTA
Bare Law
As per the NN 11/2017 CT rate, “goods transport agency” means any person who provides service in relation to transport of goods by road and issues consignment note, by whatever name called.
Interpretation
As per the definition not only transportation serv...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 981 |
 |
Eway Bill Rules summary
Posted Date : 01-Sep-2017 , 10:15:56 am | Posted By
Rajni
Eway Bill Summary Who has to issue Eway Bill
Every registered person who causes movement of goods and
Consignment value exceeds Rs.50,000
shall furnish information in Part A of FORM GST EWB-01. Upon generation of the e-way bill on the common portal, a unique e-way bill number (EBN...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 1356 |
|
Comparitive Analysis of PSU Banks for FY 2016-2017 from the point of PCA Framework
Posted Date : 26-Aug-2017 , 12:54:53 pm | Posted By
RATHI
Comparitive Analysis of PSU Banks for FY 2016-2017 from the point of PCA Framework
...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 723 |
|
New reporting requirement in Auditors' Report 2017
Posted Date : 19-Aug-2017 , 02:10:39 pm | Posted By
ANAND KUMAR GUPTA
New reporting requirement in Auditors’ Report Under Rule 11(d) of Companies (Audit and Auditors) Amendment Rules, 2017 and Amendment to Schedule III to Companies Act, 2013
The Ministry of Corporate Affairs vide notifications dated March 30, 2017 has notified the Companies (Audit and...
Continue Reading...
Category : Auditing |
Comments :
0 | Hits : 2821 |
|
Changes in Tax Audit - Form 3CD (AY 2017-18)
Posted Date : 19-Aug-2017 , 01:59:08 pm | Posted By
ANAND KUMAR GUPTA
Changes in Tax Audit - Form 3CD (AY 2017-18)
I. Changes relating to ICDS Reporting Adjustments CBDT Notification No.88/2016 dt. 29 Sept. 2016 – ICDS Rules 2016 The CBDT has amended/ revised Form 3CD, applicable f...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 6026 |
|
Impact of Section 142(11)(c) of CGST, 2017 & its compliance on suppliers providing Works Contracts and Builders Services
Posted Date : 12-Aug-2017 , 06:14:34 pm | Posted By
Sheetal
CA Sanjay Jain, Partner SSPJ & Co. sanjay@spjca.in, +91-8383006028
Impact of Section 142(11)(c) of Central Goods & Service Tax, 2017 & its compliance on suppliers providing Works Contracts and Builders Services
Introduction
Section 142 of Central Goods and ...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 13204 |
|
GEAR UP FOR FIRST GST RETURN (GSTR-3B)
Posted Date : 06-Aug-2017 , 11:32:52 pm | Posted By
Yash Jain
GEAR UP FOR FIRST GST RETURN (GSTR-3B) BACKGROUND: After filing of Income tax return by August 05, 2017 now comes in the period of GST Return for the very first time, Anything for the first time creates a chaos due to limited knowledge among various businessmen over how to file the returns and hence...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 1637 |
|
ALL ABOUT GSTR 1 AND OVERVIEW OF ALL GST RETURNS
Posted Date : 03-Aug-2017 , 09:16:52 pm | Posted By
HEMANT Sharma
Law Governing Returns
CGST Act 2017
RETURNS
CHAPTER IX
9 Sections (Section 37 – 48)
CGST Rules 2017
RETURNS
CHAPTER VIII
26 Rules (Rule 59-84)
Return Forms
RETURNS
Forms in CGST Rules 2017
31 FORMS
Sections At A Glance
37 - Furnishing Deta...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 1010 |
|
TRANSITIONAL PROVISIONS UNDER THE GST ACTS
Posted Date : 31-Jul-2017 , 11:19:27 am | Posted By
ALEXANDAR GAZI
Preamble Transitional provision is a statutory provision that regulates a process that starts before an amendment or enactment of the statute comes into force, and ends after the amendment or enactment of the statute has come into force. Transitiona...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 773 |
|
Notified goods and services under reverse charge in the GST Acts
Posted Date : 17-Jul-2017 , 11:25:58 pm | Posted By
ALEXANDAR GAZI
. Preamble We have compiled two notifications, in relation to Reverse Charge mechanism in the GST Acts, issued by the Central Government on the recommendation of the GST Council. One is notifying certain goods on supply of which tax shall be borne by the recipient of such goods and the other is not...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 1135 |
|
JOB WORK PROCEDURES IN THE GST ACTS
Posted Date : 17-Jul-2017 , 04:39:33 pm | Posted By
ALEXANDAR GAZI
Preamble
Role of job workers in manufacturing sector are being more and more influential on passage of time. Big companies in manufacturing sector are getting their products done by job workers. It will not be wrong to say that today big organizations are busy to build and retain image of th...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 992 |
|
GST on maintenance bills of residential societies
Posted Date : 13-Jul-2017 , 08:46:28 pm | Posted By
Naveen
GST on maintenance bills of residential societies The Schedule of GST rates for Services as approved by GST Council in the 14th GST Council Meeting held on 19th May, 2017 has provided for various Service Tax Exemptions to be continued in GST. Entry no. 26 of the list of exemptions provi...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 1152 |
|
Gist of Pradhan Mantri Awas Yojana (Urban)
Posted Date : 13-Jul-2017 , 05:04:30 pm | Posted By
Mahesh Bansal
The Pradhan Mantri Awas Yojna scheme of Central Government was relaunched after the Prime Minister's address to the nation on 31st Dec. 2016. Under this scheme credit linked subsidy is granted to urban households to enable them purchase or construct a residential dwelling unit for themselves. T...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 1001 |
|
Interest Provisions under GST
Posted Date : 12-Jul-2017 , 03:49:59 pm | Posted By
Prabhash Choudhary
In exercise of the powers conferred by sub-sections (1) and (3) of section 50, sub-section (12) of section 54 and section 56 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby issued Notification No. 13/2017 &ndash...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 794 |
|
REVERSE MECHANISM IN GST REGIME
Posted Date : 07-Jul-2017 , 08:34:13 pm | Posted By
ALEXANDAR GAZI
Preamble It should a duty of every Government to frame commercial laws in such a manner that small and marginal members of business and professional communities can grow with minimum hindrance. On the other hand there should be a minimum blockage on flow of collection of Government Revenue. When we...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 3873 |
|
GST Rate for Hotel Industry
Posted Date : 05-Jul-2017 , 10:18:03 pm | Posted By
Shobhit Gupta
Hotel and Restaurants Services Introduction:- The Indian tourism and hospitality industry has emerged as one of the key drivers of growth among the services sector in India. Tourism in India has significant potential considering the rich cultural and historical heritage, variety in ecology, terrains...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 1104 |
|
Rate of Interest Under Goods and Service Tax
Posted Date : 02-Jul-2017 , 09:14:42 pm | Posted By
ALEXANDAR GAZI
Rate of Interest under Goods and Service Tax Refer Notification Numbers – 13/2017 – Central Tax, dated 28th day of June, 2017 and 06/2017 – Integrated Tax, dated 28th day of June, 2017 Effective from – 01/07/2017
Sl. No.
Particulars
Rate of interest per annum
1...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 681 |
|
Concept of Composite Supply and Mixed Supply under GST
Posted Date : 02-Jul-2017 , 06:28:40 pm | Posted By
ANKIT BHUTANI
Concept of Composite Supply and Mixed Supply under GST
Taxability of “Composite Supply “and “Mixed Supply” shall be dealt with as per section 8 of CGST Act, 2017. In order to understand the statutory provisions, first we have to understand the meaning of following terms alon...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 1608 |
|
GST - How to claim taxes paid on Goods in Stock
Posted Date : 22-Jun-2017 , 07:26:05 am | Posted By
May I Help You.
The CBEC, under the revenue department, has mentioned various points as part of transition provisions to address three key issues: registration, credit of taxes on goods and transition without double taxation.
While clarifying on transition of credit of central taxes paid on goods in stock, the C...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 3750 |
|
GST Exemptions for Services under GST (Comparison with Negative List and Exempted Services covered under Service Tax)
Posted Date : 17-Jun-2017 , 05:43:54 pm | Posted By
Chhavi Daga
GST Exemptions for Services under GST (Comparison with Negative List and Exempted Services covered under Service Tax) The emergence of GST and a switch from service tax and other indirect taxes has led to a great confusion in the country. With the implementation of GST hopefully f...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 8877 |
|
|
