What is Appeal ? | Basics and related concepts The Taxpayer and the Tax officer can be of different viewpoints or opinion with regards to their understanding of law. This difference of opinion might raise a dispute between the taxpayer and tax officer. The statue…
Much awaited FORM GST PMT -09 has been enabled on GST portal, Now Taxpayer can transfer balance available in one head of cash ledger to another Taxpayers deposit money using challan and the paid amount gets credited in the particular head in the Electronic Cash…
CBIC has issued Circular No. 19/2020- Customs dated April 13, 2020 for electronic communication of PDF based Gatepass and Out of Charge (OOC) Copy of Bill of Entry to Custom Brokers/Importers. I. Final Out of Charge (eOoC) Copy of Bill of Entry: As of…
The Centre had earlier released Rs 12,857 crore to Punjab on account of compensation for July 2017-March 2019 and with the clearance of arrears, the total amount paid stands at Rs 14,094 crore. The Centre has released Rs 1,237 crore to Punjab as GST compensation…
Various document to be issued under GST Regime S.no Document When required to be issued 1. Tax Invoice At the time of removal of goods or delivery of goods At time of receipt of goods or services or both from unregistered supplier Before…
Companies will have to pay GST on the remuneration they dole out to directors, the Authority for Advance Ruling (AAR) has said. In an application filed before the Rajasthan bench of the AAR, Clay Craft India Pvt Ltd had sought clarification on whether salaries…
The government managed to rake in just over Rs 18,000 crore through integrated GST (IGST) on imports in March, the lowest since the new tax regime kicked in 30 months ago, indicating that collections in the coming months are expected to be weaker, putting additional…
Notification No. 36/2020 – Central Tax Dated 3rd April, 2020