NITYA Tax Attorneys

Applicability of GST on TCS

Applicability of GST on TCS

Applicability of GST on TCS The CBIC has issued Circular No.76/50/2018-GST dated December 31, 2018 (‘Circular’) inter-alia clarifying that basis Section 15(2)(a) of the CGST Act, tax collected at source (‘TCS’) under the provisions of the Income Tax Act, 1961 (‘IT...
CSR — Business test and ITC eligibility under GST

CSR — Business test and ITC eligibility under GST

CSR — Business test and ITC eligibility under GST PCorporate Social Responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders, wherease the purpose of CSR is...
31st GST Council meeting

31st GST Council meeting

31st GST Council meeting The GST Council (‘Council’) convened its 31st Meeting on December 22, 2018 after a gap of almost 3 months. There was a huge expectation in the industry that the Council will rationalize the tax rate on many goods and services.The Council did...
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