News

Eye Share : Rule 88A - A half-baked solution?

The Government with a view to tackle the problem of un-allocated IGST inserted Section 49A to provide that ITC available.....

Apr 15,2019

Form GSTR-9C utility available on portal with FAQs and User Manual

Govt. provides offline utility for filing FORM GSTR-9C (reconciliation statement) along with FAQs and User Manual; Explains that, said reconciliation.....

Apr 15,2019

Vidhi Centre for Legal Policy's report recommending legislative changes to strengthen the GST regime

When GST was unveiled with much fanfare at the stroke of midnight on June 30 2017, it evoked an unprecedented range of emotions.....

Apr 12,2019

CBIC extends the time limit for furnishing FORM GSTR-1 & GSTR-7

CBIC extends the time limit for furnishing FORM GSTR-1(details of outward supply of goods or services) for the month of.....

Apr 10,2019

Forthcoming changes in E-way bill system

National Informatics Centre (NIC) explains the forthcoming changes in E-way Bill System; E-Way Bill system is being enabled to auto.....

Apr 09,2019

BJP manifesto commits to ensuring a stable taxation regime, continue with GST simplification

Tax policy highlights from BJP’s manifesto - .....

Apr 08,2019

Service providers opting for composition levy to file prescribed form by April 30, clarifies CBIC

CBIC requires a registered person opting for payment of Central Tax at 3% by availing benefit of Notification No.2/2019-Central Tax.....

Apr 08,2019

Eye Share : Post Supply discount other than those covered by Section 15(3) to be treated as non-payment

There are whole lot of transactions such as quantity based discounts, cash discounts, price adjustment etc. which have raised the.....

Apr 04,2019

Tamil Nadu Govt. specifies documents to be carried when E-Way Bill expires

Tamil Nadu Govt. directs the person-in-charge of a conveyance transporting goods, which are brought from other States through multi-modal transport,.....

Apr 03,2019

Copy of CGST Rules 2017 amended upto March 29, 2019

CBIC releases the copy of Central Goods & Services Tax Rules 2017 along with Forms as updated upto March 29, 2019......

Apr 02,2019

Congress manifesto promises simple, equity based DTC & overhaul of GST regime

Congress party unveils its manifesto, reiterates that Income tax & GST are the 2 major taxes that will be the.....

Apr 02,2019

Karnataka Govt. requires verification of credentials of auto-approved newly registered persons

Karnataka Govt. explains need to verify credentials of newly registered person by visiting the business premises, verify documents uploaded and.....

Apr 02,2019

FinMin reports March '19 collections, highest ever since GST introduction

FinMin reports total gross GST revenue collections for March, 2019 as Rs. 1,06,577 crores (cr) comprising of CGST Rs. 20,353.....

Apr 01,2019

ITC w.r.t. construction services to be proportioned basis construction area, explains CBIC

CBIC explains that in case of supply of construction services covered under clause (b) of paragraph 5 of Schedule II,.....

Apr 01,2019

CBIC notifies exemption on transfer of TDR/FSI, upfront premium, amends CGST Rules

CBIC notifies exemption to service by way of transfer of development rights (TDR) or Floor Space Index (FSI) on or.....

Mar 30,2019

CBIC notifies new rates for real-estate projects applicable from April 1

CBIC notifies GST rates on Real Estate Projects (REP)/ Residential Real Estate Project (RREP) pursuant to recommendations made by GST.....

Mar 30,2019

CBIC clarifies on manner of transfer of ITC in case of death of sole proprietor

CBIC clarifies that transfer or change in the ownership of business will include transfer or change in the ownership of.....

Mar 28,2019

CBIC requires exercise of due caution while processing the application for new registration

CBIC provides instructions for verification of applications of new registrations to cater instances where some persons, who continue to carry.....

Mar 28,2019

CBIC issues clarification on claiming refund of accumulated ITC on account of inverted duty structure

CBIC provides that refund of accumulated ITC on account of inverted tax structure for period in which there is reversal.....

Mar 28,2019

Govt. extends due date for filing of GST ITC-04 upto June 30

CBIC extends due date for filing of FORM GST ITC-04 upto June 30, 2019 in respect of goods dispatched to.....

Mar 28,2019

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