News

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

CBIC’s clarification on taxability of leguminous veggies, mechanical sprayers, parts of solar-water heater etc.

CBIC clarifiers that dried leguminous vegetables which are subjected to mere heat treatment under HS code 0713 taxable at 5%.....

Oct 12,2019

Clarification on scope of support services to exploration, mining or drilling of petroleum crude/ natural gas

CBIC issues clarification on scope of support services to exploration, mining or drilling of petroleum crude or natural gas or.....

Oct 12,2019

Passenger Service Fee and User Development Fee, charged by airport operators, liable to GST

CBIC issues clarification on levy of GST on Airport levies, explains that Passenger Service Fee (PSF) and User Development Fee.....

Oct 12,2019

Display of donor’s name in charitable organisation’s premises, not liable to GST

CBIC issues clarifications as to levy of GST on the display of name/placing of name plates of the donor in.....

Oct 12,2019

“Maritime Institutions” qualify as “educational institutions”, Maritime Courses exempt from GST

CBIC issues clarifications as to applicability of GST exemption to the DG Shipping approved maritime courses conducted by Maritime Training.....

Oct 12,2019

CBIC clarifies on scope of GST on supply of grant of alcoholic liquor licence

CBIC clarifies that the special dispensation i.e. grant of alcoholic liquor licence is neither a supply of goods nor a.....

Oct 12,2019

CBIC specifies operative date for Explanation to Sr. No. 3(vi) inserted in Services Notification

CBIC clarifies that Explanation inserted u/s 11(3) of the CGST Act is effective from inception of the entry at Sl......

Oct 12,2019

Clarification regarding taxability of lending of securities under Securities Lending Scheme, 1997

CBIC clarifies on taxability of supply of securities under Securities Lending Scheme, 1997 (SLS) by the lender thereby specifying that.....

Oct 12,2019

CBIC’s clarification on scope of place of supply in case of software/design services related to Electronics Semi-conductor & Design Manufacturing industry

CBIC issues clarifications regarding determination of place of supply in case of software/design services related to Electronics Semi-conductor and Design.....

Oct 12,2019

Eye Share: Analysis of WB AAAR order on Taxability of Preferential Location Charges

Recently, West Bengal Appellate Authority of Advance Rulings (AAAR) in case of Bengal Peerless Housing Development Company Limited [TS-771-AAAR-2019-NT] held that abatement.....

Oct 11,2019

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

CBIC notifies due dates for GSTR-3B, GSTR-1 for Oct-Mar 2020

CBIC, pursuant to the recommendations of 37th Council, prescribes the due date for furnishing of return in FORM GSTR-3B for the.....

Oct 10,2019

CBIC withdraws clarification issued on treatment of secondary or post-sales discounts

CBIC ab-initio withdraws Circular No. 105/24/2019-GST wherein certain clarifications were given in relation to various doubts related to treatment of.....

Oct 03,2019

CBIC issues clarification regarding procedure for claiming refund subsequent to favourable order in appeal

CBIC issues clarifications regarding the procedure to claim refund in FORM GST RFD-01 subsequent to favourable order in appeal or.....

Oct 03,2019

CBIC clarifies on re-filing of refund application in Form GST RFD-01A/RFD-01 where ‘NIL’ claim was opted inadvertently

CBIC issues clarification on eligibility for persons who opted for ‘NIL’ refund claim inadvertently while filing claim in Form GST.....

Oct 03,2019

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