New features added on GST Portal

The Official portal of GST has added 3 new functionalities:-

  • The Form GST-ARA 01 for Advance Ruling – Facility to apply for Advance Ruling has been enabled on GST Portal. This form will enable an applicant to make an application, for obtaining advance ruling on the GST Portal and make required payment of fees.
  • Details of Tax Officials available in search module on GST Portal- Taxpayer has been provided with a search facility to search details of tax officials.

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Posted in GST |

Housing sales down 40 per cent in 2017 from 2013/14 levels

Apart from drop in housing sales, the article briefly mentions the impact of RERA on Real Estate sector. Top five salient features of RERA are provided below for readers’ reference: Continue reading

Posted in Transaction Advisory |

Recommendations regarding E-way Bill made during the meeting of the GST Council

In the 26th meeting held on March 10, 2018, the GST Council has recommended the introduction of e-way bill for inter-State movement of goods across the country from 01st April 2018. For intra-State movement of goods, e-way bill system will be introduced w.e.f. a date to be announced in a phased manner but not later than 01st June, 2018. Continue reading

Posted in GST |

Highlights of the 26th GST Council Meeting

The GST council in its 26th meeting chaired by Mr. Arun Jaitley on March 10, 2018 deliberated upon following issues:- Continue reading

Posted in GST |

SC : No service tax on ‘reimbursable expenditure’ prior to May 2015; Rule 5 beyond statute

In the case of M/s INTERCONTINENTAL CONSULTANTS AND TECHNOCRATS PVT. LTD.SC rules on applicability of service tax on reimbursable expenditure incurred by service provider, in terms of Section 67 of Finance Act r/w Rule 5 of Service Tax (Determination of Value) Rules 2006; Dismisses Revenue appeal against Delhi HC judgment, holds that HC was right in interpreting Sections 66 and 67 to say that value of taxable service shall be gross amount charged by service provider ‘for such service’ and that value cannot be anything more or less than consideration paid as quid pro quo for rendering such service; Continue reading

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