Article on "Treatment of Secondary or Post-Sales Discount under GST" by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd (July 2019)
KERALA FLOOD CESS (KFC) Severe flood affected the state of Kerala in month of August 2018 due to unusually high rains. The states suffered heavily due to floods. Around 500 persons lost their lives and property damages were estimated to the tune of Rs 400 Billion. The help came from all around the world but …
This is an update on a recent amendment of the CGST Rules, vide N/N. 16/2019 – Central Tax, dated 29 March 2019. One of the important amendments pertains to insertion of Rule 88A: Order of utilization of input tax credit (ITC). The present amendment is integrally linked to the amendment in the CGST Act, 2017, …
Rule 88A – Order of utilization of input tax credit (April 2019) Read More »
Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019 It is a welcome step of State of Maharashtra to make Maharashtra litigation free from VAT era and also collect disputed amount immediately. The tax payers are requested to avail the maximum benefit in the phase one is only where the waiver …
Settlement Scheme under Maharashtra Ordinance No.V of 2019 (April 2019) Read More »
Click here to see the article on “Change in GST for Real Estate Sector” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd.
Though, GST is implemented w.e.f. 1st July 2017, still it is not being implemented in the same way, which was desired due to technology as well as problems faced by taxpayers. Meantime, while resolving the issues more conflicts have been arisen. Taxpayers have to adopt frequent changes and ensure they are GST compliant and also …
Be Compliant under GST – Steps to Ensure – April 2018 Read More »
Please click here to see the article : Refund of IGST paid on Exports-All Steps at a glance- March 2018
Please click here to see the article : Social Welfare Surcharge Cess and EOU – March 2018