Circular No. 35/9/2018-GST In the Service Tax regime, CBEC vide Circular No. 179/5/2014 – ST issued from F.No. 179/5/2014-ST dated 24 September 2014 had clarified that if cash calls are merely transaction in money, then they are excluded from the definition of service provided in
Circular No. 36/10/2018-GST The GST Council, in its 23rd meeting held at Guwahati on 10th November 2017. It has decided that the entities having Unique Identity Number (UIN) may be given centralised registration, at the option of such entities. Further, it was also decided that
Difference between Trust, Society & section 8 Company Trust, Society and section 8 Company are all different from one another. But people still may get confused on the basis of the difference and the reason of difference. Lets find out the difference between trust, society
Arrest in GST: Facts you should know After first arrest people have started panicking about the arrest. There are some facts which should have to be in the mind of the people regarding the arrest in GST. There are many facts which are not known
Guidance Note on Audit of Banks (2018 Edition) Banking sector is the backbone of any economy. As it provides finances to various segments of economy and helps in sustainable socio-economic growth of the economy. Like other economic activities, the banking sector is also exposed to
Check GST return status of any taxpayer without logging in Now you can check status of GST Returns files by any taxpayer by simply entering GSTIN number under ‘Search Taxpayer’ on www.gst.gov.in. You do not need to be logged in. In case your client is
GST UPDATE ON CREDIT REVERSAL OF FLATS SOLD AFTER COMPLETION CERTIFICATE-PART-III:- In continuation to our earlier update regarding the requirement of credit reversal on flats sold after obtaining completion certificate, we now discuss the provisions of Rule 42 of the CGST Rules, 2017 in case
GST Quick Update:UR RCM/TDS/TCS postponed upto June 2018 Following changes were proposed by GST council meeting today. GSTR 3B along with GSTR 1 will continue upto June 2018. RCM of 9(4) leviable on purchase from unregistered supplier is also postponed till June 2018. Provisions of
TDS Liability on Rent TDS liability on rent by Individual or HUF is covered under the Section 194IB of the Income Tax Act. This section was inserted because the government felt that income through payment of rent by Individual or HUF should be covered under TDS
Rule 42: simplified Important point to take care ITC of non business, exempted, section 17(5) and taxable including zero rated (T1,T2,T3,T4) supply is required to be declare every month while filing GSTR 2. GSTR 2 is pending for indefinite period by CBEC. It is advisable
