EDITORIAL GST on transactions between Head office and Branch office has been a contentious issue since the inception of GST as the said transactions were not liable to any tax under the pre-GST regime. A recent ruling by the Appellate Authority for Advance Ruling (AAAR)
Saiher Supply Chain Consulting Pvt. Ltd. D-902, Times Square Building, Marol, Andheri Kurla Road, Andheri East, Mumbai – 400 059 Versus 1. The Union Of India & Ministry of Law and Justice, 4th Floor, A Wing, Rajendra Prasad Road, Shastri Bhavan, New Delhi – 110
EDITORIAL As a facilitation measure for taxpayers & for assisting the taxpayers in doing a correct self-assessment, a new functionality of interest calculator is being released in GSTR-3B. This functionality will arrive at the system computed interest on the basis of the tax liability values
The Harmonized System of Nomenclature or HSN is an internal system of naming goods. Conceptualized by the World Customs Organisation, the main purpose of HSN is to classify goods in a systematic and logical manner. This brings in a uniform classification of goods and facilitates
The 46th GST Council meeting, chaired by Hon’ble Finance Minister and comprising state FMs, was held on December 31, 2021, with a single agenda to consider Gujarat’s demand of putting the rate hike on textiles decision on hold, as also representations received from trade in
CGST Act 2017 With Amendments Updated Till February 2023 – Download Free PDF To read the CGST Act 2017 with amendments till February 2022, download the PDF added at the end of this article. Download CGST Act with amendments, With FB 2021 updates These changes
Introduction GST law has been rapidly evolving with the addition and deduction of provisions in the past four years. Now, as we welcome the New Year 2022, the Government has presented us with some changes to be made effective from the 1st of January, 2022.
Introduction The period of limitation for completion of assessment u/s 153A of the Income Tax Act’1961 for the searches conducted on or before 31st Day of March’2021 is governed by the provisions of Section 153B of the act. Even though Section 153A of the Income
There are many amendments proposed from 1st January 2022. Among them, the most crucial two which would impact all taxpayers are related to the legal changes for availing ITC and filing GSTR-1 and GSTR-3B which have been notified vide Notification No 39/2021-Central Tax dated 21st
W.e.f. 01.01.2022 ITC in GSTR-3B can be availed only when the invoice details have been furnished by the Supplier in its GSTR-1 and the same has been communicated to the recipient in GSTR-2A/ 2B. Section 16(2)(aa) of the CGST Act (as inserted by Finance Act
