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Cancellation of Registration under GST- Standard Operating Procedure

On 26.10.2018, CBIC has issued a circular providing a Standard Operating Procedure (SOP) for the cancellation of Registration under GST by assessee. In this article, we will discuss various provisions under act and rules for cancellation of registration…

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GST on gifts and perquisites to employees

As per Section 7 of CGST Act 2017, supply includes the activities specified in Schedule I, made or agreed to be made without a consideration. Schedule-I provides a list of activities which are treated as supply even if made without…

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Entitlement of ITC on maintenance of Township, Guesthouse, Hospital etc.-AAR

Odisha Authority for Advance Ruling -GST has issued an important order in case of Advance Ruling sought by M/s National Aluminium Company Ltd {‘NALCO’} in respect of its entitlement to take credit of ITC on various goods and…

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Internal Auditor is not eligible for GST Audit-ICAI

The Institute of Chartered Accountants of India (ICAI) has issued an announcement for its members clarifying that a CA/CA firm working on the assignment of ‘internal audit’ is not eligible to accept the assignment of ‘GST Audit’ simultaneously.…

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