News

21
Sep

Recommendations of GST council related to law &procedure

Ministry of Finance Recommendations of GST council related to law &procedure Posted On: 20 SEP 2019 10:08PM by PIB Delhi The 37thGST Council met in Goa today under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman  . The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides

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21
Sep

Decisions on Services taken by the GST Council in its 37th Meeting held on 20.09.2019 at Goa-reg.

Ministry of Finance GST Rate on Services as Recommended by The GST Council in Its 37th Meeting Posted On: 20 SEP 2019 10:04PM by PIB Delhi The 37thGST Council met in Goa today under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman  . The meeting was also attended by Union Minister of State for Finance & Corporate

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23
Apr

DECODING IMPACT OF NEW GST PROVISIONS ON REAL ESTATE SECTOR

On the recommendation of GST Council, the government, exercising its power under Section 148 of the Central Goods And Service Tax Act, 2017, changed the entire taxation system of GST for Real Estate Developers.  An attempt is made to understand and explain the newly inserted provisions which can be read by clicking the given link DECODING IMPACT OF NEW GST PROVISIONS

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30
Jun

DO YOU KNOW SERIES-4 – C.A. AMIT AGGARWAL (NAGPUR/MUMBAI)

  Impact of Stock Transfer to Branches:  Under Central Excise, a registered manufacturer making a stock transfer of excisable goods, should pay excise duty on 100% plus 10 % of cost of production, and under VAT, on furnishing Form F, stock transfers are not taxable. Under GST, ‘Supply’ includes transfers. The taxability of certain specific supplies without consideration and the

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30
Jun

Do You Know Series-2 – C.A. Amit Aggarwal (Nagpur/Mumbai)

That barter or exchange is also liable to GST being covered under definition of Supply if in course or furtherance of business. Eg, Say IPL has travel partner sponsored from Jet airways for its Admin or other staff. IPL get free tickets and Jet airways gets a branding/ promotion. Today these kind of transactions are not liable to service tax

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30
Jun

DO YOU KNOW SERIES-1 – C.A. AMIT AGGARWAL (NAGPUR/MUMBAI)

    Under GST, Works Contract are deemed to be supply of Services thus, there will be no need to bifurcate the value of goods and services when the transaction has item rate as service and supply and tax would be levied on entire value at full rate. suppose someone has got Rs. 100 cr contract for Civil works from

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