GUIDELINES ON ISSUANCE OF SUMMONS UNDER SECTION 70 OF THE CGST ACT-2017 Instruction No:-03/2022-23 (GST-Investigation) It has been brought to the notice of the Board that in certain instances, summons under Section 70 of the Central Goods and Services Tax Act, 2017 (‘the CGST Act’) have been issued by the field formations to the top […]
Refund on Account of Export of Goods (With Payment of Tax) Q 1. Am I eligible to receive the refund of IGST and Cess paid on export of goods if I have filed GSTR-3B? Ans:- Yes, you are eligible for Refund of Integrated Tax and Cess on account of Export of goods (with payment […]
WHAT IS GST COUNCIL AND ITS FUNCTION? The GST Council is a constitutional body and Creation of the GST Council as per Article 279A of the amended Constitution. and responsible for making recommendations on issues related to the introduction of India’s Goods and Services Tax (GST). Article 279A of the Constitution, The following individuals will […]
Is Article 300A violate the person, body of persons or a corporation or other legal entity Right? Article 300A “No person shall be deprived of property save by authority of law.” It is most arguable human rights. The Constitution (44th Amendment) Act, 1978 eliminated the right to property from the Fundamental Rights and omitted Article […]
कौन से मामलों में जीएसटी पंजीकरण लेना अनिवार्य है ? अधिनियम की धारा 24 के अनुसार निम्नलिखित वर्गों के व्यक्तियों को अनिवार्य रूप से पंजीकृत लेना होगी; व्यक्ति जो किसी प्रकार की अंतर-राज्य कराधीन आपूर्ति कर रहें हैं; अस्थायी कराधीन व्यक्ति; वे व्यक्ति जिन्हें रिवर्स प्रभार के अंर्तगत कर भुगतान करना आवश्यक है, गैर निवासी […]
महत्वपूर्ण सवाल और जवाब– (कम्पोजीशन स्कीम) प्रश्न 1 :- राज्य के बाहर माल बेचने वाले क्या कम्पोजीशन स्कीम का लाभ ले सकेंगे ? उत्तर: -जो डीलर्स एक राज्य से दूसरे राज्य में माल बेचते है वे भी कम्पोजीशन स्कीम का लाभ नहीं ले सकेंगे । प्रश्न 2 :- क्या कम्पोजीशन स्कीम का लाभ […]
GST IS NOT APPLICABLE ON REIMBURSEMENT RECEIVED OF STIPEND PAID TO TRAINEES THE MAHARASHTRAAUTHORITY FOR ADVANCE RULINGGOODS AND SERVICES TAX Case Name: Yashaswi Academy for Skills (GST AAR Maharashtra)Appeal Number: Advance ruling No. GST-ARA- 84/2019-20/B-48Date of Judgement/Order: 20/08/2021 ORDER (Under Section 98 of the Central Goods and Services Tax Act, 2017 and the […]
Cancellation of GST Registration with Case Law This Article is Analysing on if the cancellation was done without consider conditions stipulated under section 29(2) of the Act. The latest judgement of the Allahabad High Court Apparent Marketing Private Limited Vs State of U.P. (Allahabad High Court) Appeal Number: Writ Tax No. 348 of 2021 Date […]
Penalty on receipt of an amount of Rs. 2 lakh or more in cash Section 269ST of Income Tax Act (as inserted by the Finance Act, 2017 with effect from 1/4/2017) provides that no person shall receive an amount of 2,00,000 Rupees or more, — 1.in aggregate amount from a person in a day; [As […]
What is the meaning of inter-head adjustment in Income Tax? After making intra-head adjustment (if any) the next step is to make inter-head adjustment in Income Tax. If in any year, the Income taxpayer has incurred loss under one head of income and is having income under other head of income, then he can adjust […]
