CBIC has issued a Press Release dated 29-06-2018 by which the provision of Section 51 & 52 related to TDS & TCS under Central Goods and Services Tax Act, 2017 have been suspended till 30-09-2018. The press release is attached for ready reference:-
The Central Government has extended the exemption from Reverse Charge Mechanism provisions u/s 9 (4) till 30-09-2018, vide Notification No. 12/2018 – Central Tax (Rate) dated 29-06-2018. Copy of the notification is attached below for ready reference:-
A detailed analysis of the registration requirement of Works Contractor is done below:- 1. What is Works Contract? Works contract has been defined under Section 2 (119) of the CGST Act, 2017 as below:- “works contract” means a contract for building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, …
The government has not issued any notification till now to extend the applicability of the RCM provisions u/s 9(4) of the CGST Act, 2017. Representation has been made to the government to extend the applicability of the RCM. In case if the government does not extend the exemption, all registered persons will be required to …
01-07-2018 : RCM under GST on Purchases from Unregistered Persons Read More »
Following professions are covered u/s 44AA (1) of the Income Tax Act, 1961:- 1. Legal 2. Medical, 3. Engineering 4. Architecture 5. Accountancy 6. Technical consultancy 7. Interior decoration 8. Other notified professionals:- a) Authorized representatives b) Film Artists c) Certain sports related persons d) Company Secretaries and e) Information technology Notes:- 1. As per Explanation …
LIST OF PROFESSIONS COVERED U/S 44AA OF INCOME TAX ACT, 1961 Read More »
The government has extended the due date for filling of GSTR 3B for the month of April, 2018 from 20-05-2018 to 22-05-2018 due to emergency maintenance of the GST Portal being carried out by the GSTN Network. The press release is attached for ready reference:-
INTRODUCTION At times it may happen that the taxpayer is aggrieved by an order of the Assessing Officer. In such a case he can file an appeal against the order of the Assessing Officer before the Commissioner of Income-tax (Appeals). In this part you can gain knowledge about various provisions relating to appeals to Commissioner …
HOW TO FILE APPEAL BEFORE COMMISSIONER OF INCOME TAX (APPEALS) Read More »
The government has announced major relief in the E Way Bill Rules vide Notification No. 12/2018 – Central Tax dated 7th March, 2018, with key amendments as below:- 1. Limit of Rs. 50,000/- for E Way Bill to be applied to Individual Consignment and not on the Total Value of Consignment in a Vehical; 2. …
We are noting below the consolidated provisions under GST related to Hotels, Restaurants and Hospitality Sector:- PART I – RATE OF GST ON HOTEL ROOMS Note – GST is charged based on the Declared Room Tariff which is explained as below:- “declared tariff includes charges for all amenities provided in the unit of accommodation (given on rent …
GST RATE ON HOTELS, RESTAURANTS & HOSPITALITY SERVICES Read More »
पहला सुख, निरोगी काया These FAQs are in continuation to Part 1 of GST on Medical & Health Care Sector, where we have discussed:- Exemption given to Health Care Service under GST; Illustrative list of Services that are exempted under GST and supplies that are liable for tax under GST; Rate of GST on various …
GST FAQs – MEDICAL & HEALTH CARE SECTOR : PART 2 Read More »