Clarification issued on procedure to opt for 6% tax under Service Composition Scheme

Views: 154 CBIC issues Clarification on procedure to opt for 6% tax under Service Composition Scheme Attention is invited to notification No. 02/2019-Central Tax (Rate) dated 07.03.2019 (hereinafter referred to as “the said notification”) which prescribes rate of  central tax of 3% on first supplies...

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How to manage transfer of input tax credit when sole proprietor died ?

Views: 210 Doubts have been raised whether sub-section (3) of section 18 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as (CGST Act) provides for transfer of input tax credit which remains un-utilized to the transferee in case of death of...

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Changes in new GST registration verification process

NEW REGISTRATION _GST

Views: 322 Recently, a large number of registrations have been cancelled by the proper officer under the provisions of sub-section (2) of section 29 of the Central Goods and Services Act, 2017 (hereinafter referred to as (CGST Act) read with rule 21 of the Central...

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AAR of Maharashtra on back office work by Indian Firm

Views: 147 Facts: Vserv Global (P.) Ltd. (the Applicant) is an Indian Company incorporated to provide back office support services to overseas companies engaged in Trading of Chemicals and other products in International Trade. The orders for supply of said services are received in its Mumbai office...

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34th GST Council meeting’s extract on Real Estate Sector

Views: 172 34th GST Council meeting held on 19th March, 2019 at New Delhi discussed the operational details for implementation of the recommendations made by the council in its 33rd meeting for lower effective GST rate of 1% in case of affordable houses and 5% on construction...

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AAR on sale of going business is supply of goods or service or goods and services?

Views: 176 Authority for Advance Ruling (AAR) decision on lump sum amount received on transfer of going business along with assets-liabilities is a supply of Services   Facts: Rajashri Foods Pvt. Ltd. (Applicant), The Applicant having three manufacturing units situated at Ramanagara, Hiriyur and Seshadripuram....

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GST Advance Ruling on Registration of Transport Services Provider

Advance Ruling

Views: 103 Facts:The applicant ” M/s K M Trans Logistics Pvt Ltd.” is a service provider having registered office at Jaipur and providing transport services to various manufactures of motor vehicles for carrying their vehicles from the factory to various cities in India where the...

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Clarification on treatment Sales Promotion Scheme under GST

GST_170517

Views: 159 Circular clarifying various doubts related to treatment of sales promotion scheme under GST Various representations have been received seeking clarification on issues raised with respect to tax treatment of sales promotion schemes under GST. To ensure uniformity in the implementation of the law...

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Due dates of FORM GSTR-1 for the months of April, May and June, 2019

Views: 123 Central Tax Notifications 12/2019-Central Tax ,dt. 07-03-2019 Seeks to prescribe the due dates for furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover of more than Rs. 1.5 crores for the months of April, May and June, 2019. In exercise of the...

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Extension of threshold limit of aggregate turnover for Composition Scheme

Views: 166 Central Tax Notifications 14/2019-Central Tax ,dt. 07-03-2019 Seeks to supersede notification No. 08/2017 – Central Tax dated 27.06.2017 in order to extend the limit of threshold of aggregate turnover for availing Composition Scheme u/s 10 of the CGST Act, 2017 to Rs. 1.5...

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