Meaning of “INCOME” and TAX TREATMENT
Meaning Of “INCOME” [ Section 2(24) ] The term “Income” includes not only what is received by using the property but also the amount saved by using it himself. Any thing which is convertible into…
Due date of GSTR- 8 for October to December 2018 extended to 31.01.2019
Due date for furnishing the GSTR 8 statement for the months of October, November and December, 2018 shall be 31st January, 2019 – Order No. 04/2018-Central Tax dated 31st December, 2018. Government of IndiaMinistry of Finance(Department…
CBIC extends due date for availing ITC of FY 2017-18
Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Order No. 02/2018-Central Tax New Delhi, the 31st December, 2018 S.O.6428 (E).––WHEREAS, sub-section (4) of section 16 of the Central Goods…
Exempt services from CGST Act
CBIC exempt certain services from CGST w.e.f. 1st January 2019 [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of Revenue) Notification No. 28/2018-…
Waiver of late fee- GSTR-4
Late fee shall be levied on the late filing of GST returns as per Central Goods and Services Act (CGST Act). Chapter IX of CGST Act prescribes the due date of furnishing different GST returns.…
Waiver of Late Fee for GSTR 3B
Ministry of Finance has waived the late fee for filing FORM GSTR-3B for the month of July, 2017 onwards by the due date under section 47 of the said Act. Notification is as follows: [To…
Waiver of Late Fee for GSTR 1
Ministry of Finance has waived the late fee for filing FORM GSTR-1 for the months/quarters from July, 2017 to September, 2018 by the due date but furnishes the said details in FORM GSTR-1 between the period from…
New services under Reverse Charge Mechanism
New services under Reverse Charge Mechanism wef 1st January 2019 Seeks to amend notification No. 13/2017- Central Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by…