Posted On:  2 months ago


Lodging of tax arrear claims and impleading as a party before NCLTs

Recently, a case has come to the notice wherein the Hyderabad Bench of NCLT has passed an order under section 30(6) and 31 of IBC-2016 allowing various reliefs under the Income Tax Act without even making the Department a party to the dispute. The steps to contest the same are being initiated separately.

article author One Roof Consultant

Posted On:  2 months ago


Companies (Restriction on number of layers) Rules, 2017

If any company contravenes any provision of these rules the company and every officer of the company who is in default shall be punishable with fine which may extend to ten thousand rupees and where the contravention is a continuing one, with a further fine which may extend to one thousand rupees for every day after the first during which such contravention continues.

article author One Roof Consultant

Posted On:  2 months ago


UTGST Rate on Works Contract Services provided to Govt. for non commercial purpose

A residential complex predominantly meant for self-use or the use of their employees or other persons specified in paragraph 3 of the Schedule III of the Central Goods and Services Tax Act, 2017.

article author One Roof Consultant

Posted On:  2 months ago


IGST Rate on Works Contract Services provided to Govt. for non commercial purpose

Services provided to the Central Government, State Government, Union Territory, a local authority or a governmental authority by way of construction, erection, commissioning, installation, completion, fitting out, repair, maintenance, renovation, or alteration

article author One Roof Consultant

Posted On:  2 months ago


CBEC reduces CGST rate on specified supplies of Works Contract Services

CBEC Seeks to amend notification No. 11/2017-CT(R) to reduce CGST rate on specified supplies of Works Contract Services vide Notification No. 24/2017-Central Tax (Rate) dated : 21st September, 2017

article author One Roof Consultant

Posted On:  2 months ago


Guidelines for division of GST taxpayers between Central & state govt

Based on the decisions taken in the 9th Meeting of the GST Council held on 16 January, 2017 and 21st Meeting of the GST Council held on 9 September, 2017, the following criteria should be followed for the division of taxpayer base between the Center and the States to ensure single interface:

article author One Roof Consultant

Posted On:  2 months ago


TDS on interest under Capital Gains Accounts Scheme of deceased depositor

TDS oh the interest income accrued for and upto the period of death of the depositor is required to be deducted and reported against PAN of the depositor.

article author One Roof Consultant

Posted On:  2 months ago


GST: Clarification on one third deemed deduction on transfer of Land

Real Estate projects based on Joint Venture Agreements entered into by a Developer and a Land Owner, if otherwise legal and proper as per the governing laws, are also eligible for the deemed deduction as specified in para 2 supra. However the said deemed deduction is not available for units transferred to the Land Owner by the Developer.

article author One Roof Consultant

Posted On:  2 months ago


Constitution of National Anti-profiteering Authority under GST

The Rules on anti-profiteering are contained in Chapter-XV (Rule 122 to Rule 137) of the Central Goods and Services Tax Rules, 2017 (Rules). As per Rule 122 of the Rules, the National Anti-profiteering Authority (NM) shall, apart from a Chairman, consist of four Technical Members who are or have been Commissioners of State Tax or Central Tax or have held an equivalent post under the existing law, to be nominated by the GST Council.

article author One Roof Consultant

Posted On:  2 months ago


The West Bengal Goods And Services Tax Act, 2017

WHEREAS it is expedient to make a provision for levy and collection of tax on intra- State supply of goods or services or both by the State of West Bengal and the matters connected therewith or incidental thereto

article author One Roof Consultant

Posted On:  2 months ago


EPFO revises composite Pension Payment Order form

The Central Provident Fund Commissioner has approved a composite Pension Payment Order form (copy enclosed) replacing the existing Pension Payment Order. The Information Services Division has made requisite changes in the application Software to replace the existing Pension Payment Order with the revised Pension Payment Order.

article author One Roof Consultant

Posted On:  2 months ago


Anti dumping duty on New/unused pneumatic radial tyres- Reg.

Levy of anti dumping duty on New/unused pneumatic radial tyres with or without tubes and/or flap of rubber (including tubeless tyres) having normal rim dia code above 16 originating in, or exported from China PR

article author One Roof Consultant

Posted On:  2 months ago


Due date to Pay GST & file Form GSTR 3B for Aug-Dec 2017 notified

. Payment of taxes for discharge of tax liability as per FORM GSTR–3B: Every registered person furnishing the return in FORM GSTR-3B shall, subject to the provisions of section 49 of the said Act

article author One Roof Consultant

Posted On:  2 months ago


CBEC notifies rules for filing Revised GST TRAN-1

Provided that the said persons shall not be allowed to furnish the declaration in FORM GST TRAN–1 after the statement in FORM GST ITC–03 has been furnished.”;

article author One Roof Consultant

Posted On:  2 months ago


Registration exemption for ‘Inter-state Supply of Handicrafts’ notified by CBEC

The persons making inter-State taxable supplies mentioned in the preceding paragraph shall be required to obtain a Permanent Account Number and generate an e-way bill in accordance with the provisions of rule 138 of the Central Goods and Services Tax Rules, 2017.

article author One Roof Consultant

Posted On:  2 months ago


CBEC notifies revised rates of compensation cess on various motor vehicles

Motor vehicles cleared as ambulances duly fitted with all the fitments, furniture and accessories necessary for an ambulance from the factory manufacturing such motor vehicles

article author One Roof Consultant

Posted On:  2 months ago


Clarifications on Guidelines on insurance e-commerce and electronic issuance of insurance policies

The Authority as part of its developmental mandate and to reach out to the policyholders in a cost efficient manner has taken number of steps. This includes issuing revised guidelines on insurance repositories, insurance e-commerce, issuance of electronic insurance policies, maintenance of electronic records, etc.

article author One Roof Consultant

Posted On:  2 months ago


MGST: Waiver of late fee for registered persons who have not filed GSTR-3B

Waiver of late fee for all the Registered persons who have not filed GSTR-3B within due date for the month of July 2017

article author One Roof Consultant

Posted On:  2 months ago


DGFT allows Import of 3 Lakh MT of raw sugar under Exim Code 170114

Import of 3 Lakh MT of raw sugar under Exim Code 170114 is allowed to be imported by millers/ refiners at 25% Tariff Duty, through the following ports in the southern states and corresponding Regional Authorities of DGFT,

article author One Roof Consultant

Posted On:  2 months ago


Contract Labour (Regulation and Abolition) Central Amendment Rules, 2017

Now, therefore, in exercise of the powers conferred by section 35 of the Contract Labour (Regulation and Abolition) Act, 1970 (37 of 1970), the Central Government, hereby makes the following rules, further to amend the Contract Labour (Regulation and Abolition) Central Rules, 1971.

article author One Roof Consultant