In the 33rd GST Council Meeting, the Council approved the following tax rates on residential housing properties. 1. GST Rate i. 5% without ITC on Non-Affordable residential housing properties; ii. 1% without ITC on Affordable residential housing properties. 2. Effective Date The new rates shall become applicable from 1 of April, 2019. 3. Definition of affordable housing i. In non-metropolitan cities/towns: A …

The petitioner in the case of Sampad Narayan Mukherjee v. Union of India & Ors., W.P. No.25447 (W) of 2018 challenged an order-in-original confirming allegations raised in a show cause notice. The petitioner had replied to the said show cause notice and had also requested for cross-examination of witnesses whose statements were relied upon in the show cause …

1. ITC for FY 2017-18 – can be availed upto filing of GSTR-3B of March’2019 – Input Tax Credit w.r.t invoices of F/Y 2017-18 may be availed by recipient till the due date of furnishing FORM GSTR-3B for the month of March 2019. It is to be noted that abovesaid benefit shall be …

An article published in peer reviewed magazine of Views Exchange CA Study Circle – EIRC on the occasion of their Annual Conference 2018. Authored by Mr. Puneet Agrawal and Mr. Gaurav Gupta.

Presenting the book to Mr. Justice Deepak Gupta, Judge, Supreme Court of India, Mr Justice IA Ansari, Chairman Human Rights Commission of Punjab (Ex-Chief Justice Patna HC) and Sh. Ganesh Purohit Sr. Adv. – Past President AIFTP.   Book release in Chandigarh – By Ex-Vice President of CESTAT, Shri S.S. Kang.

The Hon’ble Bombay High Court has admitted a Writ Petition challenging the levy of GST on Development Rights. 1. After the introduction of GST, levy of GST on Development Rights is a big challenge for the real estate sector due to wide scope of definition of the term “Service”. 2. Under Notification No. 4/2018 – Central …

1. ITC for FY 2017-18 – can be availed upto filing of GSTR-3B of March’2019 Input Tax Credit w.r.t invoices of F/Y 2017-18 may be availed by recipient till the due date of furnishing FORM GSTR-3B for the month of March 2019. We suggest to avail it on or before 31.03.2019 2. Annual Return …

The recent Order of the Maharashtra AAR in the matter of Crown Beers India Pvt. Ltd dated 04.09.2018 has been summarized as under: Facts in the Application: The Bottler is to brew / manufacture package and supply beer to buyers / distributors in the territory identified by Applicant. In consideration for fulfillment of the above …

1. Wharton’s Law Lexicon and Black’s Law Dictionary has defined “Profiteering” as “Taking advantage of unusual or exceptional circumstances to make excessive profits” and anti-profiteering is a measure taken against profiteering. 2. Section 171 of the Central Goods and Services Tax Act, 2017, makes it mandatory to pass on the additional benefit received to the …