GST Input Tax Credit not allowable on Inward Supplies for Construction of Warehouse: AAR [Read Order]

The West Bengal Authority for Advance Rulings (AAR) has held that the input tax credit is not allowable for the inward supplies for the construction of Warehouses. The authority clarified that the warehouse being constructed is a immovable property, not eligible input tax credit as the credit of such tax is blocked under section 17(5)(d) […]

The post GST Input Tax Credit not allowable on Inward Supplies for Construction of Warehouse: AAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2FYQ3PN

Condition for Depositing 20% Tax on pending Appeal is not Rigid One, can’t be implemented in all Cases: Bombay HC [Read Judgment]

A two-judge bench of the Bombay High Court has held that the requirement of 20% pre deposit of tax pending appeal is not rigid one and cannot be implemented in all cases of outstanding dues. The return filed by the assessee was selected for scrutiny by the Assessing Officer who later passed an order of […]

The post Condition for Depositing 20% Tax on pending Appeal is not Rigid One, can’t be implemented in all Cases: Bombay HC [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2Uhw7jA

Breaking : How to OPT New 6% GST Scheme : नई 6% जीएसटी योजना कैसे ले

Marigold Butterfly Bridal with Watch not classifiable as Jewellery: AAR

The Authority for Advance Rulings (AAR), Gujarat has held that the product Marigold Butterfly Bridal with Watch and similar jewellery products containing watch not classifiable under the head ‘Jewellery’ and the same should be assessable as ‘Watches’ under the heading 9101. The applicant sells jewellery articles in which a watch is fitted. As per the […]

The post Marigold Butterfly Bridal with Watch not classifiable as Jewellery: AAR appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2K2kKaJ

GSTR 9 Annual Return Filing by GSTN in Hindi जीएसटीआर 9 फाइल कैसे करें

Chairman of Ahmedabad-based Firm booked for GST Evasion

The GST department has arrested the chairman and managing director of Kushal Group, an Ahmedabad-based conglomerate, for allegedly obtaining Rs 88.78 crore input tax credit (ITC) using fake invoices. The arrested person, Sandeep Agrawal, whose group engaged in trading, manufacturing and infrastructure development, was arrested Monday by the preventive wing of the Central GST (CGST) Commissionerate. “Sandeep […]

The post Chairman of Ahmedabad-based Firm booked for GST Evasion appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2OOtSOK

CBDT signs 18 APAs, Milestone in Indian Advance Pricing Agreement regime

The Central Board of Direct Taxes ( CBDT ) has entered into 18 APAs in the month of March 2019, which includes 03 Bilateral APAs (BAPAs). With the signing of these APAs, the total number of APAs entered into by the CBDT in the year 2018-19 stands at 52, which includes 11 BAPAs. The total […]

The post CBDT signs 18 APAs, Milestone in Indian Advance Pricing Agreement regime appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2FYJyfx