News

Pending MSME refunds to be released within 30 days, announces FM

Finance Minister Ms. Nirmala Sitharaman announces that all pending GST refunds due to MSMEs shall be released within 30 days;.....

Aug 23,2019

Due date for Annual Return likely to be extended till Nov 30: CNBC TV18

FinMin likely to extend the deadline to file Annual Return and Audit (GSTR-9 & GSTR-9C) till November 30, 2019: CNBC.....

Aug 22,2019

Govt. notifies creation of State and Area Benches of Appellate Tribunal, frames Rules

Govt. notifies the creation of State and Area Benches of Goods and Services Tax Appellate Tribunal (GSTAT) pursuant to recommendations.....

Aug 22,2019

CBIC notifies extension in due dates for filing GSTR-3B

CBIC notifies extension in due date of filing FORM GSTR-3B for the month of July 2019; Grants extension i) Of.....

Aug 22,2019

CBIC notifies further extension of E-way bill blocking/un-blocking facility under Rule 138-E upto November 21

CBIC notifies extension in the facility of blocking and unblocking of e-way bill as per the provision of Rule 138E.....

Aug 21,2019

Due date for GSTR-3B of July 2019 extended upto August 22

Due date for filing GSTR-3B for the month of July 2019 extended upto August 22, 2019; Notification to follow soon:.....

Aug 21,2019

Eye Share: LTA IN GST – Need of the Hour for Ease of Doing Business

The dual administration under the GST regime was brought in, keeping in mind the federal structure of Indian Government. However,.....

Aug 20,2019

Eye Share: Impact of Abrogation of Article 370 on GST

Undoubtedly, one of the most talked about and controversial decision of Modi Government has been the taking away of the special status.....

Aug 13,2019

AIRs not required for calculation of Brand Rate of duty-drawback post GST, clarifies CBIC

CBIC issues clarification regarding applicability of Circular Nos. 83/2003 and 97/2003 dated November 14, 2003 to cases of Brand Rate.....

Aug 09,2019

Eye Share: Mandatory Pre-deposit under Tax laws – SC buys time for the assessees

The concept of mandatory pre-deposit was introduced in Central Excise, Service Tax and Customs from August 2014 as a major.....

Aug 09,2019

Eye Share: Relevance of ITC availment - utilization for ticking Interest Clock vis-a-vis Patna HC decision

Recent Patna HC decision in case of Commercial Steel Engineering Corporation [TS-553-HC-2019(PAT)-NT] which quashed  proceedings initiated u/s 73 of Bihar GST Act, 2017.....

Aug 08,2019

Finance Bill, 2019 receives Presidential assent

Finance (No. 2) Bill, 2019 receives Presidential assent on August 1st.....

Aug 02,2019

Gross GST collection for July 2019 at Rs 1.02 cr, higher by 5.80% over July 2018

Govt. publishes gross GST revenue collection figures for the month of July, 2019, total collection at Rs.1,02,083 crore comprising of.....

Aug 01,2019

Govt. releases FAQs on Kerala Flood Cess, exempts supplies made in furtherance of business

Govt. releases FAQs on Kerala Flood Cess; Clarifies that, transaction between tax-payers in furtherance of business is exempted from levy.....

Aug 01,2019

CBIC notifies reduction in tax rate on Electronic Vehicles and Chargers, exemption on Electric Buses hiring

CBIC notifies reduction in tax rate on Electronic vehicles (EVs) from 12% to 5% and on EV chargers from 18%.....

Jul 31,2019

CAG report highlights failure to roll-out simplified compliance regime, resolve system deficiencies

Comptroller and Auditor General of India (CAG) releases report on Indirect Taxes - GST for the year ended March 2018;.....

Jul 30,2019

CBIC notifies extension of dates for filing GST CMP-02 and CMP-08

CBIC extends the last date for filing of intimation in FORM GST CMP-02 for availing the option of payment of tax by.....

Jul 30,2019

Eye Share: Sabka Vishwas LDRS, 2019 – Sabke “Credit” Disputes?

Mr. Karan Talwar (Advocate) in his intriguing article throws light on the fundamental issue as to whether the LDRS applies to.....

Jul 30,2019

Eye Share: Legacy Dispute Resolution Scheme – Potential Issues

Much has already been written about the “opportunities” and “ambiguities” in Sabka Vishwas Legacy Dispute Resolution Scheme, 2019 (LDRS). As one keeps revisiting the.....

Jul 30,2019

Eye Share : Taxability of Reimbursements - from the Cinders to the Burning Fire Again!

Taxability of reimbursements has been a matter of debate since the Service tax regime. The questions revolving around the abatement from value eluded.....

Jul 29,2019

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