34th GST Council Meeting dated March 19, 2019 The GST Council in its 34th Meeting held on March 19, 2019, discussed the modus operandi for implementation of lower GST rate of 1 percent on Affordable houses and 5 percent on houses other than Affordable houses (‘Other...
GST liability under reverse charge on services received from Government Taxpayers routinely pay various amounts to Government in form of taxes, cesses, fees etc. Some of the taxpayers are not aware of the fact that services received from Government are covered under...
No need to debit Social Welfare Surcharge (‘SWS’) where customs duties are paid through scrips Education Cess (‘EC’) and Senior and Higher Education Cess (‘SHEC’) were levied on all imported goods as a duty of customs till it was abolished vide Finance Act, 2018....
Revised timeline for taking Input Tax Credit pertaining to Financial Year 2017-18 This is to apprise you regarding the revised timeline for availment of Input Tax Credit (‘ITC’) of invoices of Financial Year (‘FY’) 2017-18 and debit notes pertaining to invoices of FY...
Input tax credit availability where ITC is not reflected in GSTR-2A or where the supplier has not deposited GST One of the major worries occupying taxpayers’ mind these days is the availability of Input Tax Credit (‘ITC’) where ITC is not reflected in GSTR-2A or where...
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