☛ GST: The applicant is liable to pay GST on the sale of commercial built-up area which is under construction, as the same is a ‘supply of service’ under clause 5(b) of Schedule Il of the CGST Act, 2017. - GST is leviable even if part of the consideration had been received prior to 01.07.2017.

☛ GST: Rate of tax - Electrical Wiring Harness - The Electrical Wiring Harness manufactured by the Applicant falls under the HSN tariff item No. 85443000 - from 15.11.2()17, the rate of GST reduced from 28% to 18%

☛ GST: Input tax credit - CGST & SGST charged in respect of brokerage services for renting of immovable property - credit is allowed on brokerage services and allowed to be adjust the same against output tax payable against Renting of immovable property

☛ GST: Classification of goods - rate of tax - Agricultural Seedling Trays - cannot be classified as parts or accessories of agricultural machinery - Agricultural Seedling Trays made of Plastic manufactured by the Applicant are classifiable under CTH 39269099 and the applicable tax rate is 9% CGST and 9% SGST

☛ GST: The Event Management support services provided in Goa to a registered person in Maharashtra is governed u/s 12(7)(i) of the IGST Act - Same should be treated as interstate supply of services and IGST @ 18% is applicable.

☛ GST: The contract for Erection, Procurement and Commissioning of Solar Power Plant falls under the ambit “Works Contract Services” (SAC 9954) and attracts 18% rate of tax under IGST Act, or 9% each under the CGST and SGST Acts.

☛ GST: Classification of goods - rate of GST - Quartz powder obtained by crushing Quartz stones falls under HSN code 2806 and would attract 5% rate of tax under GST (2.5% CGST + 2.5% SGST)

☛ GST: Classification of supply - supply of goods or not? - job-work or not? - The Activity of building and mounting of the body on the chassis provided by the principal under FOC challan will result in supply of services under HSN 9988 and hence, should be taxed @ 18% GST.

☛ Income Tax: Reopening of assessment - Applicability of section 145A - valuation of closing stock - Not open for AO to reexamine the entire issue which would be merely on the change of opinion.

☛ Income Tax: Charitable activity - approval u/s 10(23C)(vi) - Absence of the dissolution clause of the trust, there is a lacuna which may be misutilized in the event of dissolution of the managing committee - ITAT has rightly held that the reason for rejection by the CCIT cannot be sustained

More Highlights

☛ COMPLIANCE CERTIFICATE UNDER CORPORATE INSOLVENCY RESOLUTION PROCESS

☛ M/S Shriram EPC Limited vs. Rioglass Solar Sa: No stamp duty on foreign awards

☛ MAINTAINABILITY OF ADVANCE RULING APPLICATIONS

☛ Power sector - Income exemption under 80IA, Income Tax Act

☛ APPOINTMENT OF ADMINISTRATOR AND PROCEDURE FOR REFUNDING TO THE INVESTORS

☛ Deductor Registration procedure under GST Law- In five Steps

☛ RECENT ADVANCE RULINGS IN GST (PART-7)

☛ EXTRA JUDICIAL CONFESSION

☛ ANTI-PROFITEERING CHARGES ON TAX RATE DEDUCTION

☛ Maggi – the 10th case for National Anti-Profiteering Authority

More Articles

☛ Cus (NT) - Exchange Rates Notification No.87/2018-Custom(NT) dated 18.10.2018

☛ ADD - Seeks to impose definitive anti-dumping duty on the imports of "Straight Length Bars and Rods of Alloy Steel" originating in or exported from China PR

☛ ADD - Seeks to levy definitive anti dumping duty on Flax yarn below 70 lea count imported from China PR

☛ Indian Law - Issue of (i) 7.74 per cent (Non-transferable) Special Gol Security, 2028; (ii) 7.81 per cent (Non- transferable) Special Gol Security 2029; (iii) 7.88 per cent (Non-transferable) Special Gol Security 2030; (iv) 7.95 per cent (Nontransferable) Special Gol Security 2031; (v) 8.03 per cent (Non-transferable) Special Gol Security 2032; and (vi) 8.11 per cent (Non- transferable) Special GoI Security 2033.

☛ IT - Central Government hereby designates the Court of Session designated as Special Court under the Prohibition of Benami Property Transactions Act, 1988.

☛ Cus (NT) - Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver.

☛ ADD - Seeks to rescind Notification No. 58/2012-Customs (ADD) dated 24th December, 2012.

☛ IBC - Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2018

☛ IBC - INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (MODEL BYE-LAWS AND GOVERNING BOARD OF INSOLVENCY PROFESSIONAL AGENCIES) (AMENDMENT) REGULATIONS, 2018

☛ IBC - INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INFORMATION UTILITIES) (SECOND AMENDMENT) REGULATIONS, 2018

☛ IBC - INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY PROFESSIONAL AGENCIES) (AMENDMENT) REGULATIONS, 2018

☛ Co. Law - Regarding amendments in Schedule III to the Companies Act, 2013

☛ Co. Law - Re-Constitution of High Level Committee on Corporate Social Responsibility - 2018 (HLC-2018)

☛ Cus - Amends Notification No. 24/2005 dated 1st March, 2005

☛ Cus - Amends Notification No. 57/2017 dated 30th June, 2017

More Notifications

☛ Customs - Procedure to be followed in cases of manufacturing or other operations undertaken in bonded warehouses under section 65 of the Customs Act-reg.

☛ DGFT - Amendment in SION A-1486

☛ Customs - Guidelines for handling and storage of valuable goods that are seized/confiscated by the Department.

☛ VAT - Delhi - Regarding Assessment of cases of mismatch of Annexure 2A-2B under DVAT Act/Rules in respect of Financial Year 2014-15 & onwards

☛ Customs - Cases where IGST refunds have not been granted due to claiming higher rate of drawback OR where higher rate and lower rate were identical – reg.

☛ Customs - Classification of e-seals - reg.

☛ Income Tax - Extension of due date for filing of IT Return and Audit Report from 15.10.2018 to 31.10.2018 - However, interest u/s 234A shall be payable - order u/s 119 of the Act

☛ DGFT - Eligibility of firms providing educational services to NRI Students under SEIS

☛ Goods and Services Tax - Jurisdiction of Central and State tax administrations under GST - Both the Central and State tax administrations shall have the power to take intelligence-based enforcement action in respect of the entire value chain

☛ Goods and Services Tax - Notifications issued under CGST Act, 2017 applicable to Goods and Services Tax (Compensation to States) Act, 2017

☛ Customs - Grant of reward to informers and Government servants - amendments in existing reward guidelines issued vide Circular No. 20/2015 dated 31.07.2015 and as amended vide Circular No. 29/2016 dated 23.06.2016 - reg.

☛ Central Excise - Online registration and online filing of the claims, by the eligible units for disbursal of budgetary support under Goods and Service Tax Regime, located in States of Jammu & Kashmir, Uttarakhand, Himachal Pradesh and North East including Sikkim-reg.

☛ Companies Law - Relaxation of additional fees and extension of last date of in filing of forms MGT-7 (Annual Return) and AOC-4 (Financial Statement) under the Companies Act, 2013- State of Kerala - reg.

☛ DGFT - Activation of E-com module for applying for SEIS, based on ANF 3B as notified vide Public Notice 15/2015-20 dated 28.06.2018

☛ Customs - Clarification in relation to applicability of provisions of Customs Act to Cruise Tourism-reg.

More Circulars

☛ Conclave on Capital Goods in Steel Sector in Bhubaneswar

☛ Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified

☛ Last date to avail Input Tax Credit in respect of invoices or Debit Notes relating to such invoices pertaining to period from July, 2017 to March, 2018.

☛ Uttarakhand has comparative advantage in Tourism, needs to fine-tune it's resources, says Shri N. K. Singh Challenges faced by Uttarakhand are real and its needs legitimate, Finance Commission to look into it positively

☛ PNB fraud: ED attaches over ₹ 218-cr assets of Choksi, others

☛ Clarification on the manner of filing the Quarterly Return by Composition Dealers in FORM GSTR-4

☛ 45 Indian companies participating in Expo Cihac in Mexico City

☛ Health on GeM workshop organised

☛ Auction for Sale (Re-issue) of Government Stocks

☛ INDIA’S FOREIGN TRADE: September 2018

☛ Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver Notified

☛ Top priority language localisation to bring government services closer to the people: Secretary Meity

☛ India’s Merchandise Trade: April - September 2018 and September 2018

☛ Index Numbers of Wholesale Price in India (Base: 2011-12=100) Review for the month of September, 2018

☛ Shri Subhash Chandra Garg, Secretary, DEA: Stresses on the strengthening of the Multilateral Institutions like IMF; Calls for enhancement in the quantum of Quota Resources and realignment of voting shares so that Quota Shares of EMDCs increase in line with its growing relative economic position in the world; Welcomes the Bali FinTech Agenda; India has extensively used digital technologies to build FinTech, most prominently in the payment space.

More News

Canteen supplies to sez unit employees (15)

Purchase rejection procedure in gst (14)

College mess fee dues (12)

Interest related (10)

Reverse charge on sez units (10)

Applicability of gst on payment of actual wages through labour contractor (10)

Tour operator booking hotels outside india - is reverse charge applicable (10)

Gst refund on zero rated supplies (9)

Gst lapse on textile vide notification no.20/2018 (8)

Dgft-general policy for packing material (7)

Go to Forum

How to claim receipt of business promotion expenses to be filed as exemptio ...... (2)

Csr expenses (to a section 8 company) having common directors... (2)

Electronic data processing and monitoring system... (1)

Import duty benefits under custom notification 50/2017(t) s.no.414... (2)

Composition rate of tax to bakery (2)

Refund on an already filed return (2)

Trade discount (2)

Custom circular regarding enhancement limit of e- commerce... (1)

Trust- itr form applicability reg (1)

How to claim refund on cess for cars with retrofitment for physically chall ...... (2)

Go to Forum