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CBDT Circular clarifying "No TDS for Bank Guarantee Commission" has Retrospective Effect: ITAT

CBDT Circular clarifying “No TDS for Bank Guarantee Commission” has Retrospective Effect: ITAT

TRANSACTIONS NOT REGARDED AS TRANSFER FOR CAPITAL GAINS

TRANSACTIONS NOT REGARDED AS TRANSFER FOR CAPITAL GAINS

TAXABILITY OF ALLOWANCES- OVERVIEW

TAXABILITY OF ALLOWANCES- OVERVIEW

E verification scheme by CBDT

E verification scheme by CBDT

Agricultural tray would be taxable @18% -AAR Tamil Nadu

Agricultural tray would be taxable @18% -AAR Tamil Nadu

CBIC issued notification No. 1/19 (Central Tax Rate) dt.29 Jan 2019 to rescind notification No. 8/2017 Central Tax Rate dt.28 Jun 2017. In earlier notification, it was stated that reverse charge will be applicable in case of intra state supply received from unregistered supplier except if aggregate value of such supply of goods/service from any or all of the unregistered suppliers does not exceed Rs. 5,000 in a day. In this notification, it is stated that we are rescinding the previous notification. Meaning that now reverse charge will be applicable even if aggregate value of supply doest not exceed Rs. 5,000 in a day. If you purchase RS. 10 goods, you have to pay GST under RCM basis. GST amendment act had been published on 30 Aug 2018 but appointment date was not decided earlier, but in Notification no. 02/2019 dt.29 Jan 2019, *1 Feb 2019* has been decided as *Appointment day*. According to GST (Amendment) Act, 2018- section 9(4) amended so as to restrict the levy of tax on reverse charge basis on receipt of supplies of certain *specified* goods or services or both by *notified* classes of registered persons from unregistered suppliers. **attaching both GST notification and GST amendment Acts 2018 Regards, *CA Rohit Goyal*

Important clarification related to Notifications dt. 29/01/2019

ITAT couldn't decide an appeal merely making observation that facts didn't require any further deliberation

ITAT couldn’t decide an appeal merely making observation that facts didn’t require any further deliberation

EXEMPTION US 10 (23C) IS AVAILABLE THOUGH OTHER INSTITUTIONS RUN BY THE TRUST DONT FULFILL PRESCRIBED REQUIREMENT

EXEMPTION US 10 (23C) IS AVAILABLE THOUGH OTHER INSTITUTIONS RUN BY THE TRUST DONT FULFILL PRESCRIBED REQUIREMENT

STEP BY STEP PROCESS OF FILING 15G/H

STEP BY STEP PROCESS OF FILING 15G/H

Cattle feed in cake form would be exempt-AAR Tamil Nadu

Cattle feed in cake form would be exempt-AAR Tamil Nadu

Only Interim Budget & not final : Finmin clarified

Only Interim Budget & not final : Finmin clarified

Breaking News: Purchase from unregistered person now liable for GST under RCM

Breaking News: Purchase from unregistered person now liable for GST under RCM

Online Process of Registering as a GST Practitioner

Online Process of Registering as a GST Practitioner

MD of a company arrested in fake GST Bill racket case

MD of a company arrested in fake GST Bill racket case

GST: Supply of Food & Beverages in Trains is supply of Goods: Delhi AAR

GST: Supply of Food & Beverages in Trains is supply of Goods: Delhi AAR

Input Tax Credit not available for Lease Rent paid during Pre-operative Period for Leasehold Land: GST AAR

Input Tax Credit not available for Lease Rent paid during Pre-operative Period for Leasehold Land: GST AAR

Admissibility of deduction towards Provision for liquidated damages

Admissibility of deduction towards Provision for liquidated damages

An excellent letter by Rank holder CA Kunal Kishore has written a long letter to explain the excessive eligibility criteria mentioned in the Tender document for Empanelment of CA firms

An excellent letter by Rank holder CA Kunal Kishore has written a long letter to explain the excessive eligibility criteria mentioned in the Tender document for Empanelment of CA firms