Eye Share : Unjustified Restrictions on Input Tax Credit - 'A Critical Analysis'

Recent Central Government Notification No. 49/2019-Central Tax dated October 9, 2019 seeks to restrict the availment of ITC to 20% of eligible.....

Oct 17, 2019

CBIC releases the copy of CGST, 2017 as updated upto October 9, 2019

CBIC releases the copy of Central Goods & Services Tax Rules, 2017 as updated upto October 9, 2019.....

Oct 16, 2019

Eye Share: Always Young………

Mr. Prakash Sinha (CA) in his article delves into applicability of the mutuality doctrine examining Young Men’s Indian Association case enunciated.....

Oct 16, 2019

Eye Share: NAA decision in Lodha Developers put Builders in a spot

Recently, adjudicating on a complaint filed by a flat owner of project ‘Lodha Eternis’ in Mumbai, the National Anti-Profiteering Authority.....

Oct 15, 2019

Eye Share: Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 - Significant features and Implementation

The Finance Minister of India, Ms. Nirmala Sitharaman during her maiden budget, presented on July 5, 2019 declared a scheme.....

Oct 14, 2019

AAR: ‘Free’ transfer to lessor of assets fastened to building constitutes a ‘supply’

Karnataka AAR holds that transfer/disposal of assets fastened to building on delivering possession to lessor, ‘free', amounts to “supply” u/s.....

Oct 17, 2019

AAR: IGST refund cannot be availed where goods procured by exporter availing concessional rate

Karnataka AAR holds that the persons who have procured goods by utilizing the benefit of Notification No. 40/2017 – Central.....

Oct 17, 2019

AAR: Composite supply of drilling and energizing bore- wells for Govt. entities, not liable to GST

Karnataka AAR holds that the composite supply of drilling and energizing bore wells to the recipients being Govt. entities for.....

Oct 17, 2019

AAR: Raw-materials used in paper manufacturing classifiable under HSN 4403, taxable at 18%

Karnataka AAR holds that supply of debarked eucalyptus, acacia, subabul, casurina and pine pulp wood in billets of required size.....

Oct 17, 2019

AAR: Documentation along with other services for foreign entity not classifiable as "intermediary services"

Karnataka AAR holds that back-end services provided by the applicant to overseas entity under the agreement is classifiable as “Support.....

Oct 17, 2019

AAR : No ITC reversal required on 'electricity generated and consumed captively' for 'cement manufacture'

Karnataka AAR rules on eligibility of ITC w.r.t. inputs/input services and capital goods received towards erection, installation and commissioning of.....

Oct 15, 2019

CBIC allows 20% ITC of invoices/debit-notes not reflected in GSTR-2A; extends TRAN-01/TRAN-02 due-dates

CBIC notifies amendments in CGST Rules with effect from October 09, 2019; Inserts new sub-rule 4 which lays down that.....

Oct 10, 2019

HC: Supply by Duty-Free Shops constitutes 'export'/'zero-rated supply', eligible for ITC

Bombay HC holds that supply by Duty Free Shops (DFSs) to the outbound passenger constitutes “exports”, consequently, becomes a “zero-rated.....

Oct 09, 2019

AAAR: No abatement on preferential-location/car-parking charges realised separately from buyers, modifies AAR

WB AAAR modifies AAR order which held that service of construction of a dwelling unit in a residential complex, bundled.....

Oct 01, 2019

GST collections drop below 1 lakh cr for second consecutive month

Govt. records gross GST revenue collection figures for the month of September, 2019 at Rs. 91,916 crore comprising of CGST Rs. 16,630 crore, SGST Rs. 22,598.....

Oct 01, 2019

HC : Bombay HC continues ad-interim relief in arrest matter, citing issue pendency before SC(LB)

HC directs continuation of ad-interim relief granted earlier, restraining Revenue from taking any coercive action against assessee in respect of arrest.....

Jul 12, 2019

HC : Press Release clarifying last date of availing ITC to be GSTR-3B due date, 'illegal'

Gujarat HC holds the Press Release dated October 18, 2018 to the extent clarifying that the last date for availing.....

Jul 08, 2019

Notification prescribing output-tax payment before GSTR-3B due date challenged before Telangana HC

Telangana HC issues notice in writ challenging vires of Notifications issued u/s 168 of CGST Act r/w Rule 61(5) of.....

Jul 17, 2019

Govt. issues Standard Operating Procedure (SOP) for TDS updated as on February 18, 2019

Govt. issues Standard Operating Procedure (SOP) for TDS updated as on February 18, 2019; Includes procedure for filing TDS Return.....

Feb 18, 2019