Updates

Refund procedure for Duty Paid Exports   Background- It’s already over six months since the GST was implemented. However, GST return filings are yet to be streamlined. With suspense over continuation of filing of GSTR 2 and ‘matching concept’ there are high chances that...

Refund procedure for Duty Paid Exports

Refund procedure for Duty Paid Exports   Background- It’s already over six months since the GST was implemented. However, GST return filings are yet to be streamlined. With suspense over continuation of filing of GSTR 2 and ‘matching concept’ there are high chances that...

Levy of GST on accommodation services, betting and gambling in casinos, horse racing, admission to cinema, homestays, printing, legal services etc.   Based on representations received from trade, GST authority has issued clarification through Circular No. 27/01/2018-GST dt 4th January, 2018 regarding levy of...

Levy of GST on accommodation services, betting and gambling etc.

Levy of GST on accommodation services, betting and gambling in casinos, horse racing, admission to cinema, homestays, printing, legal services etc.   Based on representations received from trade, GST authority has issued clarification through Circular No. 27/01/2018-GST dt 4th January, 2018 regarding levy of...

Late Fees under GST   A. Provisions relating to Late Fees The section 47 of the GST Act requires the registered person to pay late fees where returns are not filed by due date. The said section read as follows: (1) Any registered person...

Late Fees under GST

Late Fees under GST   A. Provisions relating to Late Fees The section 47 of the GST Act requires the registered person to pay late fees where returns are not filed by due date. The said section read as follows: (1) Any registered person...

Complete Guide to E-Way Bill under GST   E-Way Bill under GST: E-way bill is an electronic document generated on the GST portal evidencing movement of goods. It has two Components-Part A comprising of details of GSTIN of recipient, place of delivery (PIN Code),...

Complete Guide to E-Way Bill under GST

Complete Guide to E-Way Bill under GST   E-Way Bill under GST: E-way bill is an electronic document generated on the GST portal evidencing movement of goods. It has two Components-Part A comprising of details of GSTIN of recipient, place of delivery (PIN Code),...

GST data and Cost Records Annexures to be maintained   GST data & Cost Records/Cost Audit Annexures to be maintained as per the headings of Customs Tariff Headings: Four Digit Level or Eight Digit Level MCA has issued one notification issued on 20th Dec...

GST data and Cost Records Annexures to be maintained by CMA Navneeet Jain

GST data and Cost Records Annexures to be maintained   GST data & Cost Records/Cost Audit Annexures to be maintained as per the headings of Customs Tariff Headings: Four Digit Level or Eight Digit Level MCA has issued one notification issued on 20th Dec...

Advance ruling has been internationally recognized as ‘A more or less binding statement from the revenue authorities upon the voluntary request of a private person, concerning the treatment and consequence of one or series of contemplated future actions or transactions.” In India, the scheme...

Concept of Advance Ruling under Income Tax Act’ 1961

Advance ruling has been internationally recognized as ‘A more or less binding statement from the revenue authorities upon the voluntary request of a private person, concerning the treatment and consequence of one or series of contemplated future actions or transactions.” In India, the scheme...

Process of GST refund filing   The GST policy wing has further elaborated on process of refund filing arising on account of inverted duty structure, deemed exports and excess balance in electronic cash ledger vide Circular no. 24/24/2017-GST dated 21.12.2017. We are summarizing the...

Process of GST refund filing

Process of GST refund filing   The GST policy wing has further elaborated on process of refund filing arising on account of inverted duty structure, deemed exports and excess balance in electronic cash ledger vide Circular no. 24/24/2017-GST dated 21.12.2017. We are summarizing the...

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