In the Finance Bill (No.2) 2019, a much awaited amendment is proposed retrospectively under the Service Tax Law to provide that No Service Tax shall be levied or collected in respect of taxable service provided by the State Government by way of grant of liquor license, against consideration in the form of license fee …

1. The name of the scheme is “SABKA VISHWAS (LEGACY DISPUTE RESOLUTION) SCHEME, 2019” which is introduced to settle the disputed tax demandsofCentral Excise, Service Tax and Cesses which have got subsumed in GST. 2. The said scheme provides relief from tax demands ranging from 40% to 70% of the tax dues depending upon the …

That under the West Bengal VAT Act, 2003 in terms of Section 26 read with Rule 195 of the WB VAT Rules, 2005 “Security” was required to be furnished at the time of seeking registration under the act. The prevalent security so to be deposited was of Rs. 25,000. Now in view of applicability of …

1. Restriction on furnishing of information in PART A of FORM GST EWB-01 shall come into force w.e.f. 21.06.2019 . 2. Consequent to above: Taxpayers (whether as a supplier or a recipient) who have not filed the returns for consecutive two months shall be restricted from generating e-way bills. The restriction on generation of …

Analysis of the recent judgment of Orissa HC judgment on ITC of works contract in M/S Safari Retreats The issue involved in the said case was regarding availability of ITC on construction of a commercial mall in terms of Section 17(5) of the CGST Act r/w OGST Act wherein a writ petition was preferred before the High …

1. Vide entry no. 45 of Notification no. 12/2017-CT(R) dated 28.06.2017 as amended w.e.f. 25.01.2018 following services are exempted from the levy of GST. Legal Services provided by:- (a) An arbitral tribunal (b) A partnership firm of Advocates or an individual as an Advocate (c) Senior Advocate to Central Government, State Government, Union Territory, Local …

RESOLUTION OF DISPUTES ARISING OUT OF INTERNATIONAL TRADE TO BE FACILITATED BY DGFT: ONLINE METHODOLOGY INTRODUCED EFFECTIVE FROM 11.02.2019 INTRODUCTION Maintaining an enduring relationship with foreign buyers and suppliers is of utmost importance to create confidence in the business environment of India. So, whenever any disputes related to International trade arise, it is in the …

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 …