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Conundrum of Circular clarifying 20% ITC restriction
Introduction: Circulars are meant to clarify and simplify the law, but this has rarely been the case with GST circulars which though have, in their earnest attempt tried to explain the law have resulted in compounding and multiplying and not resolving the tax issues. The
Handbook on Accounting Treatment under Goods and Services Tax (GST)
Handbook on Accounting Treatment under Goods and Services Tax (GST): ICAI has released a handbook on accounting treatment under Goods and Services Tax (GST). The following treatments are covered in this handbook. Accounting Treatment under GST a. Accounting Treatment of Inward Supplies under GST b.
CERTIFICATE TO BE OBTAINED FOR CHARGING LOWER RATE
CERTIFICATE TO BE OBTAINED FOR CHARGING LOWER RATE C.B.I. & C. Instruction F. No. 354/52/2018-TRU Authenticated document to be relied upon by the developer to charge concessional rate of GST on CLSS housing.- As per the detailed Operational Guidelines available on Ministry of Housing and Urban
Circular 122/41/2019: Clarification on 20% ITC
CBIC issues circular no. 122/41/2019 for clarification on 20% ITC rule: CBIC has clarified the issues on the implementation of rule 36(4) of CGST Rules. A circular is issues by CBIC. The copy of the circular is also attached here on the image. The following
CA Shafaly GirdharwalNov 11, 2019Filing reply to Form GST DRC-22
The Tax Official has issued Form GST DRC-22 to the concerned authorities for provisional attachment of my property, bank accounts, etc. How can I file reply to Form GST DRC-22 against proceedings initiated against me? To file reply to Form GST DRC-22 against proceedings initiated
FAQ’s on filling reply to Form GST DRC-22
FAQ’s on filling reply to Form GST DRC-22 Dear Colleagues, I have received suggestion to prepare article on “Filling reply to Form GST DRC-22 against proceedings initiated for recovery of Taxes under GST Law,2017, (Practical Manner). So, here with I am trying at my best
Adfert Technologies Pvt. Ltd: Tran 1 allowed
Adfert Technologies Pvt. Ltd. GST Case on Tran 1: In the case of Adfert Technologies Pvt. Ltd the manual filing of TRAN 1 was allowed. There are other rulings of Delhi and Gujrat High court allowing the filing of Tran 1 manually. In this case,
ITC of EC,SHEC and KKC not lapsed: Madras HC
Facts of the case: Sutherland Global Services Private Limited, ITC of EC,SHEC and KKC was not allowed for the transition by CBIC. The petitioner prays for a writ of Certiorari quashing letter dated 14.02.2018 issued by the 1st respondent Assessing Officer. As a consequence thereof the petitioner
CA Shafaly GirdharwalNov 7, 2019Revise TRAN returns by 30-11-2019: P&H HC
Punjab and Haryana High Court has allowed all the tax payers to file or revise TRAN returns by 30-11-2019 In a landmark Judgment by Punjab and Haryana High Court on 4-11-2019 in Adfert Technologies (P.) Ltd, Court has has allowed to file or revise Transitional
Filing reply in FORM GST ASMT-11
FAQ’s on filing reply in form GST ASMT-11: 1.When a Tax Official will conduct Scrutiny of Returns? Ans: In case, any discrepancy is found in return furnished by registered person on the basis of risk parameters or suo-moto on his own motion, then Tax Official
How to file a reply in form GST ASMT-11?
1.How can I file reply in Form GST ASMT-11 to the notice issued against Scrutiny of Returns? Ans: To file reply in Form GST ASMT-11 to the notice issued against Scrutiny of Returns, perform following steps: Navigate to view additional notices / orders page to view
New dashboard of Ministry of corporate affairs
For issuing Show Cause Notice and receive replies in respect of non-compliance of provisions of Companies Act 2013, MINISTRY OF CORPORATE AFFAIRS has implemented online web portal – Compliance Monitoring System (https://mcacms.gov.in). MCACMS (MINISTRY OF CORPORATE AFFAIRS COMPLAINCE MONITORING SYSTEM) Portal has started sending