CBDT gas clarifies that no TDS deduction u/s. 194A shall be required to be made in case of senior citizens, if the amount of income or aggregate amount of income credited or paid does not exceed Rs. 50,000 during the financial year
It further authorised DGIT (Systems) to specify the procedure, format and standards for the purpose of furnishing and verification of claim for refund u/s 26B as well as for the day to day administrative in this respect.
CBIC has extended the due date for GST Annual Returns (GSTR-9, GSTR-9A) and GST Audit (GSTR-9C) till 31 March 2019. It has also clarfied that relevant forms shall be made available on GSTN Portal shortly - Press Release dated 07 December 2018.
In continuation to the FAQ issued by the government on various issues pertaining to TDS / TCS provisions under GST, an updated FAQ pertaining to TCS provisions has now been released.
The additional clarifications have been highlighted by CBIC for ease of reference
The CBIC has extended the due date for filing of GSTR-7 (Return for registered persons requiring to deduct tax at source) for the months of October 2018 to December 2018 till 31 January 2019 vide Notification No 66/2018 - Central Tax dated 29 November 2018.
In order to ease down the difficulties being faced by various taxpayers in the state of Tamil Nadu and Andhra Pradesh due to disturbances caused by cyclone the Government extends the due date for filing of various GST Returns that were originally due for filing in the month of October and November'18Â
In response to clarification sought by M/s Maruti Ispat and Energy Private Limited with respect to Input Tax Credit to be availed on goods and services used for installation (foundation) and protection (by way of creating sheds) of Plant and Machinery, the Andhra Pradesh AAR has ruled that the said inputs / input services do not fall within the ambit of Explanation to the Proviso to the Section 17(5) of CGST Act 2017. Therefore, the applicant is not entitiled to claim the Input Tax Credit on the said goods and services.
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In response to the question raised by by the Application w.r.t. classification of goods or services or both and determination of liability to pay tax thereon, the Rajasthan AAR has ruled out as under:
Goverment issues several notifications between 23 October 2018 and 26 October 2018 which are summarised as follows:
The Tamil Nadu AAR rules that in case of liaison offices, set up in India solely for the purpose of communication, would not be liable fir registration or payment under GST Act; further provides that since the activities conducted are purely as per the permission received from RBI, the same would not amount to supply
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