Chartered Accountants

NO E-WAY BILL UNDER GST – Notification No. 11/2018 – Central Tax

Vide Notification No-11/2018-Central Tax dated 02/02/2018 (today), Central Government recinds Notification No. 74/2017–CT dated the 29/12/2017 regarding date of effect of e-way Bill Rules from 01/02/18. Or In simple...

LONG TERM CAPITAL GAIN (LTCG) TAX ON EQUITIES (SHARES) @ 10% : BUDGET 2018 ANALYSIS

As per the announcement by the FM, a Tax on Long Term Capital Gain on sale of Listed Equities Shares or Equity Oriented M. F. or a unit of Business...

Big Relief Rajasthan GST : No E-Way Bill required for Intra State (within State) Supply of Goods

Relief has been given to the Taxpayers under GST in the State of Rajasthan, who are engaged in buying and selling of goods within the State of Rajasthan (Intra...

Reduced Rate of GST on Diamonds & Precious Stones – 0.25%

The GST Council in its 25th Meeting today (i.e. 18-01-2018) has decided ti reduce the Rate of GST as below:- Commodity – DIAMONDS & COLORED STONES Chapter Heading –...

HOW TO FILE MANUAL REFUND APPLICATION UNDER GST

The government has stipulated certain conditions and procedures for Manual Filling and processing of Refund of GST in respect of Zero Rated Supplies (i.e. Export of Goods or Services or...

100% FDI IN SINGLE BRAND RETAIL TRADE IN INDIA UNDER AUTOMATIC ROUTE

The Union Cabinet chaired by H’ble Prime Minister Sh. Narendra Modi Ji has approved 100% FDI for Single Brand Retail Trading (SBRT) in India in its meeting on 10th...

LAST DATE FOR FILLING GST RETURNS & FORMS : UPDATE TILL DEC, 2017

With an objective to provide relief and sufficient time to the Registered Taxpayers under GST, the Government has extended the due dates for submission/ filling of various forms under...

TAXATION OF BITCOINS UNDER INCOME TAX & GST IN INDIA

A) WHAT IS A BITCOIN? BITCOIN is a Crypto-Currency that works on Distributed Ledger System or BlockChain concept, which operates on an undisclosed Algorithm and is capable of recording...

GST : CONDITIONS FOR REDUCED RATE OF 0.10% ON GOODS SOLD TO EXPORTERS

Following Conditions have been prescribed by the Government for charging reduced Rate of GST @ 0.10% (IGST @ 0.10% or CGST & SGST @ 0.05% each) on Supply of...

RATE OF GST ON RESTAURANTS – AMENDED W.E.F. 15-11-2017

The Central Government has revised the Rate of GST on Restaurants w.e.f. 15-11-2017 vide Notification No. 46/2017-Central Tax (Rate) with summary as below:- i. All stand-alone restaurants irrespective of...

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The Views expressed on this blog are strictly personal and for knowledge of our clients only. The contents of this blog are solely for informational purpose and it does not constitute any professional advice or recommendation. The laws related to GST and other taxes are under evolution and subject to constant changes and amendments over time. It is suggested to take specific legal advice and necessary due diligence before relying on the contents and information of this Blog. The authors of this blog, does not accept any liabilities for any loss or damage of any kind arising out of information on this blog and for any actions taken in reliance thereon.