CBIC released a Press Release on 18.10.2018 stating last date to avail input tax credit in respect of invoices or debit notes relating to such invoices pertaining to period from July, 2017 to March, 2018.1. What is the law for restricting availment of Input Tax Credit? As per section 16 (4) of the ...
Sub Section (1) of Section 35 of CGST Act, 2017, Sub Section (6) of Section 35 of CGST Act, 2017 & Section 36 of CGST Act, 2017 read with Rule 56 of CGST Rules, 2017 & Rule...
Sub Section (1) of Section 49A & Section 49B of CGST Act, 2017 read with Rule 88A of CGST Rules, 2017 governs the provision for Utilisation of input tax credit subject to certain conditions & Order of utilization of input tax credit. Rule 88 of CGST Rules, 2017 governs the provision for
Section 120 of CGST Act, 2017 read with Section 121 of CGST Act, 2017 governs the provisions for Appeal not to be filed in certain cases & Non-appealable decisions and orders. 1. What are the guidelines relating to filing of appeals by Department?? As per Section 120 of CGST Act, 20...
Section 144 of CGST Act, 2017 read with Section 145 of CGST Act, 2017 governs the provisions for Presumption as to documents in certain cases & Admissibility of micro films, facsimile copies of documents and computer printouts as documents and as evidence.1. What shall be presumed as t...
Departmental Auditor would be looking forward to Rate of Tax, Classification of Supplies, Value and Place of Supply, Anti-Profiteering Rules, Return Scrutiny and OTHER CHECKS while doing audit. IV. Applicability of correct rate of tax i. In light of many frequent changes in rates of ...
