Expert Knowledge,
Straight from Practitioners.
Tax tips, legal guides, and financial advice written by the same verified CAs, Advocates, and Advisors you can consult on ConsultEase.
GST Implications on Association of Apartment Owners
GST Implications on Association of Apartment Owners I. Preamble : These days the concept of ‘Association of Apartment Owners’ is gaining lot of importance to facilitate the upkeep of the residential project which a Builder has developed as a Group Housing Complex. These housing complexes in the
Rule 159 of the CGST Act – Provisional attachment of property.-
Rule 159 of the CGST Act – Provisional attachment of property.- (1) Where the Commissioner decides to attach any property, including bank account in accordance with the provisions of section 83, he shall pass an order in FORM GST DRC-22 to that effect mentioning therein,
Rule 140 of the CGST Act – Bond and security for release of seized goods.-
Rule 140 of the CGST Act – Bond and security for release of seized goods.- (1) The seized goods may be released on a provisional basis upon execution of a bond for the value of the goods in FORM GST INS-04 and furnishing of a
Rule 12 of the CGST Act – Grant of registration to persons required to deduct tax at source or to collect tax at source.-
Rule 12 of the CGST Act – Grant of registration to persons required to deduct tax at source or to collect tax at source.- -(1)Any person required to deduct tax in accordance with the provisions of section 51 or a person required to collect tax
GST portal allows downloading table 8A of GSTR 9
GST portal allows downloading table 8A of GSTR 9 In a recent update, the GSTN portal is allowing us to download table 8A of GSTR 9. This is a reconciliation table. Data from 2A is auto-populated in this table. Then some more information is required.
Notification No. 61/2020 – Central Tax
Notification No. 61/2020 – Central Tax [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 61/2020 – Central Tax New Delhi,
Notification No. 60/2020 – Central Tax
Notification No. 60/2020 – Central Tax [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 60/2020 – Central Tax New Delhi,
Statutory Compliance Calendar for the Month of August 2020
Statutory Compliance Calendar for the Month of August 2020 Actual Date Extended Date Nature of Compliance Compliance Period Obligation 7-Aug-20 NA TCS/TDS Liability Deposit Jul-2020 Due date of depositing TCS liabilities for the previous month 7-Aug-20 NA Equalisation Levy Deposit Jul-2020 Equalisation Levy is a
Refund of Inverted Duty Structure to be allowed on Input Services also
Refund of Inverted Duty Structure to be allowed on Input services also Gujrat High Court in VKC Footsteps India Private Limited on 24-07-2020 has pronounced as under: 1. Section 54(3) allows refund of any unutilized ITC but Rule 89(5) restricts refund to Inputs. [Para 23]
GST Audit Checklist
GST Audit Checklist Client’s Name Financial / Accounting Year Audit Checklist S.NO. Points To be Checked Checked By Yes No NA Remark 1 GST Registration Certificate 1.1 Have you checked whether the Supplier has applied for New Registration or has
Refund in Inverted Duty – Sec 43(3)(iii)
Refund in Inverted Duty – Sec 43(3)(iii) CGST Act के Sec 54(3)(ii) से एक नया कांसेप्ट लाया गया refund के लिए, उसका नाम है Inverted duty structure, इसमे ये प्रोवीसीन किया गया की, एक डीलर की अगर आउटपुट टैक्स की रेट इनपुट टैक्स से कम
CBIC & CBDT Sign MoU to Facilitate Smoother Bilateral Exchange of Data
CBIC & CBDT Sign MoU to Facilitate Smoother Bilateral Exchange of Data A Memorandum of Understanding (MoU) was signed between the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC) today, for data exchange between the two