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…
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…
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…
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.…
Section 9(5) of CGST Act 2017 is a charging section under GST for supply of notified services. This section deals with taxability of supply of services, the output tax of which shall be paid by the electronic commerce…
Tax Collection at Source (TCS) under GST is going to implement w.e.f. 1st October 2018 in India. In this article we are going to discuss all the relevant provisions of TCS. What is the concept of TCS ?…
Notification No.12/2017-Central Tax (Rate) dated 28th June 2017 exempts services provided by entity registered under Section 12AA of the Income-tax Act, 1961 by way of charitable activities from whole of GST vide entry No. 1 of the notification, which specifies that:- “services…
CBIC recently issued a notification CGST-50/2018 on 13.09.2018 notifying the date applicability of provisions of ‘Tax Deduction at Source’ (TDS) under GST laws. 1st October 2018 has been appointed as date from which such provisions are required to be followed.…
In its very positive move, GSTN has enabled the facility to file refund application for multiple tax periods w.e.f. 23rd August 2018. Now, an assessee can file refund application for more than one month/quarter in single application. Currently,…
After successful implementation of GST during a complete period of one year, government is planning to enter into next level of GST to make it more smoother and trade friendly. Recently, government has issued proposals to amend CGST…
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