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CGST Demand and Recovery Rules

July 15, 2021July 15, 2021 TaxIndiaUpdates In0 comments1381 views

Chapter XVIII: Demands and Recovery RULE 142. Notice and order for demand of amounts payable under the Act. — (1) The proper officer shall serve, along with the (a) notice issued under section 52 or section 73 or section 74 or section 76 or section 122 … Continue Reading →

Goods and Service Tax

Offences and Penalties Rules

July 15, 2021July 15, 2021 TaxIndiaUpdates In0 comments2367 views

Chapter XIX: Offences and Penalties CGST Rules (2) On receipt of the application, the Commissioner shall call for a report from the concerned officer with reference to the particulars furnished in the application, or any other information, which may be considered relevant for the examination … Continue Reading →

Goods and Service Tax

Inspection, Search and Seizure Rules

July 15, 2021July 15, 2021 TaxIndiaUpdates In0 comments1695 views

Chapter – XVII: Inspection, Search and Seizure RULE 139. Inspection, search and seizure. — (1) Where the proper officer not below the rank of a Joint Commissioner has reasons to believe that a place of business or any other place is to be visited for the … Continue Reading →

Goods and Service Tax

Time of Supply in Goods and Service Tax Law

July 14, 2021December 3, 2021 TaxIndiaUpdates In0 comments4305 views

The Supply is key ingredient in GST law therefore it much relevant to know the ‘Time of Supply’ so that incident of tax liability can be determined on a particular time. The Chapter-IV of the CGST Act, 2017 (section 12 to 15) deal with time … Continue Reading →

Income Tax

E-filing of Income Tax Returns for AY 2021-22 started at www.incometax.gov.in/iec/foportal

July 9, 2021December 23, 2021 TaxIndiaUpdates In1 comments11778 views

E-filing of Income Tax Returns for AY 2021-22 ITR filing due date The CBDT vide Circular no. 17/2021, dated 09-09-2021, has extended due dates for filing returns (ITRs) for Assessment Year 2021-22 (Financial Year 2020-21). The revised due dates for filing of ITRs for various types … Continue Reading →

Goods and Service Tax

Online Information Data Base Access and Retrieval (OIDAR) Services in GST

July 8, 2021December 8, 2021 TaxIndiaUpdates In0 comments1758 views

WHAT IS OIDAR? Online Information Database Access and Retrieval services (hereinafter referred to as OIDAR) is a category of services provided through the medium of internet and received by the recipient online without having any physical interface with the supplier of such services. E.g. downloading … Continue Reading →

Goods and Service Tax

TDS Mechanism under GST

July 8, 2021December 8, 2021 TaxIndiaUpdates In0 comments1920 views

TDS Mechanism under GST; Under the GST regime, section 51 of the CGST Act, 2017 prescribes the authority and procedure for ‘Tax Deduction at Source’. The Government may order the following persons (the deductor) to deduct tax at source: (a) A department or … Continue Reading →

Goods and Service Tax

Deemed Exports in GST

July 8, 2021December 8, 2021 TaxIndiaUpdates In0 comments1462 views

Introduction “Deemed Exports” refers to supplies of goods manufactured in India (and not services) which are notified as deemed exports under Section 147 of the CGST/SGST Act, 2017. The supplies do not leave India. The payment for such supplies is received either in Indian rupees … Continue Reading →

Goods and Service Tax

Pure Agent Concept in GST Law

July 8, 2021December 8, 2021 TaxIndiaUpdates In0 comments932 views

Introduction The GST Act defines an Agent as a person including a factor, broker, commission agent, arhatia, del credere agent, an auctioneer or any other mercantile agent, by whatever name called, who carries on the business of supply or receipt of goods or services or … Continue Reading →

Goods and Service Tax

Composite Supply and Mixed Supply

July 8, 2021December 8, 2021 TaxIndiaUpdates In0 comments1810 views

Introduction The taxable event under GST is supply of goods or services or both. GST will be payable on every supply of goods or services or both unless otherwise exempted. The rates at which GST is payable for individual goods or services or both is … Continue Reading →