Expert Knowledge, Straight from Practitioners.

GST Case 2- Indian Institute of Management

GST Case 2- Indian Institute of Management Following the GST case of Indian Institute of Management in which the tax liability of certain supply is questioned: Query: After the introduction of the IIM Act w.e.f. 31st January 2018, whether or not the Applicant should

CA Arpit Haldia

Nov 16, 2018

A Complete Guide on Annual Return

A Complete Guide on Annual Return All companies (private limited company, one person company, limited company, section 8 company, etc) are required to file an annual return with the MCA every year. In addition to filing MCA annual return, companies would also be required to file

S N Panigrahi

Nov 15, 2018

ROC Filings

MCA issued NFRA Rules 2018

MCA issued NFRA Rules 2018 NFRA Rules 2018 are released by MCA. These rules will be applicable from their publish in official gazette. l.Short Title and commencement’_(1)These rules may be called the National Financial Reporting Authority Rules’ 2018′ (2) They shall come into force

CA Shafaly Girdharwal

Nov 15, 2018

GST Case 1-Premier Vigilance & Security (P.) Ltd.

GST Case 1-Premier Vigilance & Security (P.) Ltd. Query: Whether Toll Taxes reimbursed by the client can be claimed as a deduction under Rule 33 from the value of supply, being expenditure incurred as a pure agent. Facts: Applicant was engaged in transporting cash/coins/bullion in

CA Arpit Haldia

Nov 15, 2018

New functionalities for refunds

New functionalities for refunds, which was made available on GST Portal, recently The government has issued and applied the new functionalities for refunds, which was made available on GST portal, recently. Let us discuss those new functionalities for refunds: (i) Taxpayers can now file Application

CA Amresh Vashisht

Nov 14, 2018

GST Audit and GST audit report

Requirement of GST Audit in FORM GSTR 9C: When Section 35(5) of CGST Act provide for the requirement of GST Audit by a professional. This audit can be conducted by a CA or CMA. Form prescribed by CBIC for Audit in GST in FORMS GSTR

CA Shafaly Girdharwal

Nov 14, 2018

📋Import / Export

Circular No 43/2018-Customs

Circular No 43/2018-Customs Circular No 43/2018-Customs F.No. 450/148/2015-Cus-IV Government of India Ministry of Finance, Department of Revenue (Central Board of Indirect Taxes and Customs) Room No. 229 A, North Block, New Delhi Dated: 8th November 2018 To All Principal Chief Commissioners/Chief Commissioners of Customs/Customs (Preventive) All Principal Chief

Proposed improvements in e-way bill generation

Proposed improvements in e-way bill generation, being released on 16.11.2018- The department has proposed some important and useful changes for e-way bill generation. These changes will be applicable from 16 November 2018. Following are the proposed changes in e-way bill generation: 1. Checking of duplicate

📋Import / Export

Circular 42/2018-Customs

Circular 42/2018-Customs Circular 42/2018-Customs F.No. 550/02/2018-LC Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs North Block, New Delhi Dated 2nd November 2018 To, The Principal Chief Commissioner/Chief Commissioner of Customs The Principal Commissioners /Commissioner of Customs Madam/Sir,

📋Import / Export

Notification No.77/2018-Customs

Notification No.77/2018-Customs GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No.77/2018-Customs New Delhi, the 1st November 2018 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of

GST Annual Return: Form, Rules and Penalty

GST Annual Return: Step by Step Guide with Form, Rules and Penalty: GST Annual return is notified recently. It is a compilation of data declared in all returns filed during the first year of GST.In this article we will discuss all the provisions related to

Nov 12, 2018