Author: CA Ritul Patwa
AADHAR-PAN LINKING MANDATORY BEFORE 31-03-2019
Constitutional validity of Aadhaar has been upheld by the Hon’ble Supreme Court of India in September 2018. Consequently, in terms of Section 139AA of Income Tax Act., 1961 and order dated 30.6.2018 (F....
FORTHCOMING CHANGES UNDER GOODS & SERVICES TAX (GST) E-WAYBILL SYSTEM
1. Auto calculation of route distance based on PIN code for generation of EWB Now, E-waybill system is being enabled to auto calculate the route distance for movement of...
Goods and Services Tax (GST) – REQUIREMENT OF BOOKS & RECORDS
As per section 35 of the CGST Act, 2017 and Chapter VIII of the CGST Rules, 2017 (hereinafter referred to as rules) provide that every registered person shall keep and...
INTERIM BUDGET 2019 – INCOME TAX RATES, EXEMPTIONS, DEDUCTIONS AND PROVISIONS FOR F. Y. 2019-20 (A.Y. 2020-2021)
A quick review (Limited Information) of the applicable provisions under the Income Tax Act for the F. Y. 2019-20 (A. Y. 2020-21), after incorporating amendments (only key and selective...
ADVANCE RULING MECHANISM UNDER GOODS & SERVICES TAX (GST)
Introduction An advance ruling helps the applicant in planning his activities, which are liable for payment of GST, well in advance. It also brings certainty in determining the tax...
Major Decisions taken by the GST Council in its 32nd Meeting
The GST Council in its 32nd Meeting held today under the Chairmanship of the Union Minister of Finance & Corporate Affairs, Shri Arun Jaitley in New Delhi took the...
GST on Solar Power Generating plant and other Renewable Energy Plants
To resolve the dispute inirespect of the GST Liability on Solar Power Generating Plant and other Renewable Energy Plants, the GST Council in it’s 31st meeting held on 22nd...
Policy Decisions made during 31st Meeting of the GST Council dated 22-12-2018
The GST Council in its 31st meeting held today at New Delhi made the following policy recommendations: There would be a single cash ledger for each tax head. The modalities...
GST CLARIFICATION – AVAILMENT OF INPUT TAX CREDIT UNDER GST
The government has issued following clarification in respect of the AVAILMENT of the Input Tax Credit under GST:- Last date to avail input tax credit in respect of...
EXEMPTION TO EDUCATION INSTITUTIONS UNDER GST ON SERVICES PROVIDED TO ITS STUDENTS, STAFF & FACULTY
FAQ 1 – Which Education Institution can claim Exemption under GST? Reply – An education institution defined under Para 2 (y) of the Notification No. 12/2017 – Central Tax (Rate)...