ONE TIME SETTLEMENT SCHEME UNDER PUNJAB VAT ACT AND CST ACT0 comments Monday, January 25, 2021With the advent of GST and dawn of
old indirect tax regime in the form of
VAT, service tax and central excise etc, the State and Central
Governments are looking forward to bring an end to the litigation in the older
regime and in consequence thereof we are witnessing lot of dispute resolution
schemes introduced by Central and State Governments. The Punjab Government, Department of
Excise and Taxation has also introduced a one time settlement scheme for
outstanding dues under Punjab VAT Act , 2005 and CST Act, 1956(hereinafter
called as relevant Acts) on 18.01.2021 and implemented wef 15.01.2021. The
scheme aims at giving relief to the small taxpayers in the form of waiver from
interest penalties and partial waiver from tax already due in the assessments.
The various features of the scheme are as under: 1. Applicability: The scheme is applicable for all
the outstanding dues created in assessments completed till 31st
December 2020 under the Punjab VAT Act, 2005 and CST Act, 1956. One has to
apply under the scheme by 30th April 2021.
2. Who
can apply: Any
persons whose assessment has been made under the relevant Act till 31st
December 2020 is eligible to apply under the scheme. Scheme is not applicable
for those persons on whom penalty or other demand has been imposed/raised
without assessment, for example scheme is not applicable for road side penalty
u/s 51 of the Punjab VAT Act, 2005.
3.
Procedure: (a) A person seeking to apply under
the scheme has to file an application in form OTS-1.
(b) Additional statutory forms for example C, F, H , I etc if any, which could not be produced at the
time of assessment can also be submitted
along with application for further reduction in additional demand.
(c)Along with the application proof
of payment of tax determined under the scheme after waiver has also to be
submitted.
(d) Once application is submitted an
acknowledgement in form OTS-2 shall be issued.
(e) If all the tax determined and
deposited is found to be correct along with other particulars required to be
mentioned in the application, an order of settlement in form OTS-4 shall be
passed or
(f) If there is any deficiency the a
notice in OTS-3 will be issued to complete the same within 7 days.
4. Appeal
cases: The scheme
is also applicable for appeal cases i.e cases where appeal is pending before
any of the appellate authorities i.e the Deputy Excise and taxation
commissioner (Appeals) or Tribunal or High Court or Supreme court. However in
appeal cases a declaration shall be submitted that once the dues are settled
under the scheme , the applicant shall withdraw such appeal within a period of
seven days from the date of communication of order of settlement and the proof
thereof shall be submitted to the concerned officer.
5. Extent
of waiver: The
scheme provides for waiver of 100% of interest and penalty upto an additional
demand of Rs. 500000/- and additional 90% waiver from tax in case where
additional demand is upto Rs. 100000/-. There is no relief to taxpayers whose
additional demand is more than Rs. 5 lakh. It is pertinent to mention here that
additional demand is ussualy the sum total of tax interest and penalty imposed
in the assessment order.
The slab of additional demand has to
be calculated (so far CST Act is concerned ) after reduction on account of
additional statutory declaration forms.
It can be explained with the help of
an example as follows:
Now in above example although
additional demand as per assessment order is 150000/- but after submission of
additional statutory forms if the reduction in tax and interest comes to Rs.
50000/- then the slab for giving waiver under the scheme would be Rs. 100000/-
and thus there will be waiver from tax element
left after reduction @ 90% apart
from 100% waiver from interest and penalty.
In case of appeal where 25% of
additional demand is already deposited which was a pre-requisite for
entertaining an appeal on merits u/s 62(5) of Punjab VAT Act, 2005, the waiver
will be such 25% of additional demand or the amount of waiver as per scheme as
discussed above whichever is higher.
Certain
terms and conditions:
(a)Application in form OTS-1 has to
be filed saperately for every assessment year and accordingly order of
settlement shall be issued under the relevant Act.
(b) No refund shall be given in
respect of 25% deposited of additional demand in appeal cases.
(c) In appeal casee appeal has to be
withdrawn within 7 days from the communication of order of settlement otherwise
the order stands cancelled.
(d) An order of settlement shall not
be reopened in any proceedings by way of review or revision or any other
proceedings under the relevant Act.
(e) Any determined amount paid
undrer the scheme shall not be refundable.
(f) No appeals against the
settlement order shall lie before any of the appellate authorities
(g) Any tax shown as paid in the assessment
order if is later found to be actually unpaid, then the same shall be
recoverable along with applicable interest and penalty, if any, under the
relevant provisions of the Act, notwithstanding with the scheme.
Table
of waiver
The
Notification of scheme can be downloaded herebelow: AADHAR Authentication process under GST Registration5 comments Saturday, August 22, 2020
Legality of withholding refunds of exporters as per circular No. 131/1/2020-GST3 comments Saturday, May 23, 2020
Exports
under GST are considered as zero rated i.e. no tax is payable on export of
goods or services. A person making zero rated supply is eligible under GST to
claim for refund of unutilized input tax credit. The refund can be claimed by
an exporter in two ways as stated in section 16 of IGST act, 2017:
Retrospective amendment in section 140 of CGST Act-An overview3 comments Wednesday, May 20, 2020
Whenever
a new tax regime replaces an old tax regime there are numerous changes which a
taxpayer faces and there are lot of
legal challenges in the transition from old regime to new regime. For the
smooth transition of the new tax regime it is quite common to introduce the
transitional provisions under the new tax law.
RECENT LEGAL ISSUES IN GST REFUNDS5 comments Saturday, May 16, 2020
Refunds
are the important part of any tax legislation. Refund is a drawback of the
excess taxes paid to the Government subject to the conditions laid down in any
law. Article 265 of our constitution provides a base behind legislation of
refund provisions under any tax law, which provides that no tax shall be levied
or collected except with the authority of law.
Power to extend due date of TRAN-1 AND TRAN-2 in certain cases enhanced to 31.03.2020 and 30.04.20206 comments Thursday, January 2, 2020
The Central Government has enhanced the date upto which the submission of Tran-1 and Tran-2 may be allowed to be filed to 31.03.2020
and 30.04.2020 respectively. Earlier this date was 31.12.2019 for Tran-1 and
31.01.2020 for Tran-2 form. This has been done by amendment in CGST Rules, vide
Notification No. 2/2020 Central Tax.
Certain amendments in CGST Act, 2017 made vide Finance Act, 2019 notified wef 01.01.2020.7 comments
Central Government has implemented certain provisions of Finance Act, 2019 wef 01.01.2020. It is pertinent to mention here that clauses 92 to 112 and section 114 of the finance Act, 2019 which related to amendment in the CGST Act, 2017 are to come into force on such date as the
Central Government may, by notification in the Official Gazette, appoint. Section 103 of the Finance Act, 2019 has already been notified wef 01.09.2019 which related to the amendment in section 54 providing of Sub-section 8A which allowed the Government to disburse the refund of State tax in the manner as may be prescribed.
Blocking of input tax credit-New Rule 86A introduced under GST.7 comments Friday, December 27, 2019
Rule
86A in the CGST Rules vide notification No 75/2019 has been introduced w.e.f.
26.12.2019 to empower the revenue to impose additional condition/restriction on
use of amount of input tax credit available in the electronic credit ledger. This
rule has given drastic powers to the Department to restrict the credit of any
person in certain cases where there is reason to believe that ITC is availed
fraudulently or is ineligible.
ITC not reflected in GSTR-2A to be allowed only to the extent of 20%-Due date of Tran-1 and Tran-2 extended in some cases11 comments Thursday, October 10, 2019
The
CGST Rules have been amended vide notification no 49/2019 CGST dated 09.10.2019.
Two of the most important amendments are highlighted herebelow:
Compulsory Payment of tax before filing of GSTR-3B-Inconsistent working of GST portal3 comments Saturday, May 11, 2019
Section 146 of the CGST
Act, 2017 provides that the Government may notify the common elecronic portal
for facilitating the registration, payment of taxes, furnishing of
returns and carrying out other purposes under the said Act. In exercise of the
powers u/s 146 common e-portal (gst.gov.in) and eway bill portal have
been notified and are in operation. It is pertinent to mention here that the
said e-portals are for facilitating the law laid down under the GST laws and
such e-portals cannot override the provisions of law.
Proper officer can't invoke the bank guarantee till assessee exhausted statutory remedy3 comments Wednesday, November 28, 2018
Where Competent Authority had detained goods of assessee under
transport and demanded tax as well as penalty and assessee furnished bank
guarantee for tax and penalty imposed and had goods released, Competent
Authority was restrained from invoking bank guarantee till assessee exhausted
statutory remedy
No Detention of goods on the issue of misclassification or undervaluation under GST34 comments Sunday, June 10, 2018
The Kerala High Court in a
very important judgement namely Sameer Mat Industries vs the State of
Kerala has held that Issue
of misclassification and under valuation of goods has to be gone into by
respective Assessing Officers and not by detaining officer.
GSTN has enabled online filing of letter of Undertaking for exports7 comments Saturday, February 24, 2018GSTN enabled online filing of LuT. Instructions for filing LUT online on GST Portal are given below:- 1. Go to User Services and Select the Tab “Furnishing Letter of Undertaking” 2. Select the Financial Year for which you want to furnish the LUT 3. If you have already furnished LUT Offline, for previous period, please attach the same here and continue to file your application 4. If you're filing LUT, please read and select all the three checkboxes for accepting the conditions prescribed in Letter of Undertaking 5. Enter the details of two independent witnesses 6. Primary Authorized signatory or other Authorized signatory can sign the Application Form 7. Once signed and filed, Form cannot be edited. Eway bills officially suspended as notification issued.5 comments Saturday, February 3, 2018Government of India has recisended the notification No 74/2017 of CGST which made eway bill compulsory under rule 138 to 138D of CGST Rules. For this purpose notification No 11/2018 CGST has been issued. The implications of this notification is that eway bill is no more compulsory as Rules 138 to 138D have been made inoperative as they were before the issuance of notification No 74/2017 CGST. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS New Delhi: 02.02.2018 Notification No. 11/2018 – Central Tax [F. No. 349/58/2017-GST(Pt.)] Dr. SREEPARVATHY S.L., Under Secy. Compulsory generation of e-way bill deferred-GOI tweets1 comments Thursday, February 1, 2018
The official handle of GST
of Government of India has tweeted that the trial phase of generation of eway
bill both for intra-state and inter-state will continue and the date from which
it will be made compulsory will be notified shortly.
No e-way bill required till 01.04.2018 for intra-state supplies of goods in Punjab3 comments Tuesday, January 30, 2018
Punjab Government has
notified under Rule 138(14)(d) of Punjab GST Rules, 2017 that e-way bill will
not be required to be generated for a period of two months from 1st Feburary,
2018 for intra-state supply of goods provided such goods do not cross the
State boundry during the transit. However, a person may voluntarily generate
e-way bill for intra-state supplies.
GST Rate on old and used motor vehicles reduced-latest notifications2 comments Monday, January 29, 2018
Government has
issued the Notification No. 8/2018 Central Tax Rate read with state Tax
Notification, whereby it has reduced the Rate of GST on old and used vehicle as
follows:
E-way bill under GST - an overview3 comments Sunday, January 28, 2018
E-Way Bill is knocking at the door as the date of its
implementation has been notified 01.02.2018. This article focuses certain main
points in the eway bill mechanism.
What is e-way bill: Section 68 of the
CGST Act, 2017 empowers Government to require any person in charge of a
conveyance carrying any consignment of goods of value exceeding the prescribed
amount to carry with him prescribed documents. In pursuance of provisions of
section 68, Rules 138 to 138D have been legislated prescribing Eway Bill in
form GST EWB 01 along with other documents which a person incharge of
conveyance carrying goods of value exceeding Rs. 50000/-, is required to carry
during the movement of goods.
Who is required to generate Eway bill and when it is required: Eway
bill is required to be generated by the following persons:
1. every registered person who causes the movement of goods of
consignment value exceeding Rs. 50000/-
(i) in relation to a supply; or
(ii) for reasons other than supply; or
(iii) due to inward supply from an unregistered person,
It is pertinent to mention here that Eway Bill has to be generated
before the movement of goods start and is required only by a registered person,
and not by an unregistered person, however, unregistered person may voluntarily
generate eway bill. Eway bill may be generated voluntarily even where the
consignment value does not exceed Rs. 50000/-.
2. where goods are sent by a principal located in one State
to a job worker located in any other State, the e-way bill shall be generated
by the principal irrespective of the value of the consignment.It is to be noted
that limit of Rs. 50000/- in case of intra-state movement of goods for job work
purposes will continue to apply.
3. where handicraft goods are transported from one State to
another by a person who has been exempted from the requirement of obtaining
registration under clauses (i) and (ii) of section 24, the e-way bill shall be
generated by the said person irrespective of the value of the consignment.
Consignment value of Rs. 50000/- as stated above has to be
determined in accordance with Section 15 of CGST Act, which deals with
valuation of supply and the consignment value of Rs. 50000/- shall be counted
by including not only the value of goods but also the GST and Cess if any
charged on it.
Generation of E-way bill: Eway bill has two
parts,Part-A and Part-B. Part-A includes details of invoice/challan/credit note
and the details of receipient and transporter, whereas Part-B only has
information with regard to vehicle no. when you
have prepared invoice relating to your business transaction, but don’t have the
transportation details. You can enter invoice details in Part-A of eway bill
and keep it ready for transportation, once the transportation is ready.
It is worth mentioning here that mere filing
Part-A is not valid for movement of goods on road, except for the movement of
goods from the place of the supplier or the receipient as the case may be to
the place of transporter where the distance between the two is less than 10
KMs.
Who is to file Part-A: Part-A has to be
filed mandatorily by the registered person who causes the movement of goods
whether as consignor or as consignee or as recipient, whether the goods are
transported in his own conveyance or by railways or by air or by vessel.
Part-A can also be filed by the transporter and it is mandatory
for the transporter to file Part-A, if the supplier or receipient fails to do
so and the consignment value exceed Rs. 50000/-
For example if A transporter is carrying 5 different
consignments of five different suppliers and receipients in one vehicle the
value of each consignment is say Rs. 20000/-, in such case the total value of
consignments carried in the vehicle comes to Rs. 100000/- In such case although
it was not mandatory for supplier of receipient of each consignment to
generate eway bill but in such case it is mandatory for the transporter to
generate eway bill by filing both Part-A and Part-B.
Part-A can also be filed by an unregistered person voluntarily,
however, it has been stated in Explanation 2 of Rule 138(3) that if goods are
supplied by an unregistered person to a registered recipient and recipient is
known at the time of commencement of movement of goods, then the movement shall
be said to be caused by such registered receipient.
In other words meaning thereby if supply is by an unregistered
person to a registered person, then it is mandatory for the registered
receipient to generate eway bill, ofcource if the consignment value exceed Rs.
50000/-.
Where the goods to be transported are supplied through an
e-commerce operator (for example: amazon, flipkart etc), Part-A may also be
furnished by such e-commerce operator.
Who is to file Part-B: As stated above
also, Part B only contains information with regard to vehicle number.
In case movement is caused by own conveyance or a hired
conveyance, it is the person causing the movement has to file Part-B
In case of movement by rail or by air or vessel Part
-B has to be mandatorily filed by the registered person and along with it the
serial number and date of Railway Receipt or the Air consignment note or Bill
of Lading are also required to mentioned in the Part-A.
If the goods are handed over to a transporter for
transportation by Road Part-B will be filed by the transporter.
The unique feature of Eway bill is that Part B of eway bill can be
updated in the following circumstances:
1. where the goods are transferred from one
conveyance to another, in such case Part-B will be mandatorily updated with new
vehicle number before such transfer and further movement of goods.
For
example: If the vehicle breaks down when the goods are
being carried with EWB, then the transporter can cause to repair the vehicle
and continue the journey. If he is going to change the vehicle, then he has to
enter the new vehicle details for that EWB on the web-site using ‘Update
vehicle number’ option and continue the journey with new vehicle.
Part-B can be updated as many times as it Is required but
should be done within validity period. It has also been further provided in 2nd proviso
to Rule 138(9) that the unique number generated by filing Part-A shall be valid
for 72 hours for updation of Part-B.
2. There may be instances that transporter assign
the consignment to other transporter after booking from the supplier or recipient.
In such situation Rule 138(5A) provides that the transporter may assign the
e-way bill number to another registered or enrolled transporter for updating
the information in Part-B. It is worth noting here that whenever Part-A is
filed by the registered person and he has to mention the transporter’s GSTIN or
enrollment id in Part-A, if the goods are handed over to transporter.
However,
once the details of the conveyance are updated by the transporter in part-B
then supplier or recipient who had furnished Part-A will not be allowed to
assign the eway bill number to another transporter.
Validity of E-way Bill: E-way Bill’s validity
has been prescribed under Rule 138 in terms of distance involved in the
movement of goods. It as follows:
It should be noted here that the period of validity shall be
counted from the time at which the e-way bill has been generated and each day
shall be counted as twenty four hours.
Rule 138(10) further provides that where, under circumstances of
an exceptional nature, the goods cannot be transported within the validity
period of the e-way bill, the transporter may generate another e-way bill after
updating the details in Part B of FORM GST EWB-01.
Cancellation of E-way Bill: Rule 138(9) provides
for cancellation of eway bill within 24 hours of generation of the e-way bill,
which can be done in the following circumstances:
-Where goods are not transported at all or
-are not transported as per the details furnished in the e-way
bill.
However, an e-way bill cannot be cancelled if it has been
verified in transit in accordance with the provisions of rule 138B.
Consolidated E-way bill: Where multiple
consignments are intended to be transported in one conveyance, the transporter
may indicate the serial number of e-way bills generated in respect of each such
consignment electronically on the common portal and a consolidated e-way bill
in FORM GST EWB-02 maybe generated by him on the said common portal prior to
the movement of goods.
Acceptence and rejection of e-way bills: The
eway bills generated shall be made available to a registered supplier if
generated by recipient or transporter and vice versa to the registered
recipient if generated by supplier or transporter. The same has to be accepted
or rejected by the supplier or recipient as the case may be, however if nothing
is done within seventy two hours then it shall be deemed that he has accepted
the said details.
When no e-way bill is required:Rule 138(14) provides with
a non-abstante clause the circumstances where no eway bill is required, these
are as follows:
(a) where the goods being transported are specified in Annexure;
(b) where the goods are being transported by a non-motorised
conveyance;
(c) where the goods are being transported from the port, airport,
air cargo complex and land customs station to an inland container depot or a
container freight station for clearance by Customs;
(d) in respect of movement of goods within such areas as are
notified under clause (d) of sub-rule (14) of rule 138 of the Goods and
Services Tax Rules of the concerned State;
(e) where the goods, other than de-oiled cake, being transported are
specified in the Schedule appended to notification No. 2/2017- Central tax
(Rate) dated the 28th June, as amended from time to time;(the schedule is
for tax free or nil rated goods)
(f) where the goods being transported are alcoholic liquor for
human consumption, petroleum crude, high speed diesel, motor spirit (commonly
known as petrol), natural gas or aviation turbine fuel; and
(g) where the goods being transported are treated as no supply
under Schedule III of the Act.
Documents and devices to be carried with a conveyance: Rule 138A
prescribes following documents which a person incharge of a conveyance must
carry:
(a) the invoice or bill of supply or delivery challan, as the case
may be; and
(b) a copy of the e-way bill or the e-way bill number, either
physically or mapped to a Radio Frequency Identification Device embedded on to
the conveyance in such manner as may be notified by the Commissioner.(there is
no such notification till the date when this article is written).
(c) Rule 138A(2) also provides facility of generation of Invoice
reference number by uploading on the e-way bill portal the tax invoice in form
GST INV-1, which will be valid for thirty days from the date of uploading and
in which case no physical invoice is required to be carried along with the
conveyance.
Verification of documents and conveyance: Rule
138B and Rule 138C empowers the proper officer (who is duly authorized to do so
either by Commissioner or an officer empowered in this regard)to intercept any
conveyance to verify the e-way bill or number thereof.
Physical verification of conveyance can be done only by the proper
officer who is duly athorised to do so, however physical verification of
conveyance can also be done by any officer other than proper officer after
obtaining necessary approval, if there is receipt of specific information on
evasion of tax.
Rule 138C also mandates the proper officer to record online
summary inspection report of every inspection of goods in transit in Part-A of
form GST EWB 03 and a final report within three days in Part-B of the said
form.
Once a physical verification of a conveyance is done in a state or
in any other State then further physical verification can be done unless a
specific information with regard to evasion of tax is made available
subsequently.
Certain important FAQs
Question: How to enter multiple modes of
transportation, i.e., road, rail, ship, air for the same e-way bill?
Answer: One e-way bill can go
through multiple modes of transportation before reaching the destination. As
per the mode of transportation, the EWB can be updated with new mode of
transportation by using ‘Update Vehicle Number’.
Let us assume the goods are moving from Cochin to Chandigarh
through road, ship, air and road again. First, the taxpayer generates the EWB
by entering first stage of movement (by road) from his place to ship yard and
enters the vehicle number. Next, he will submit the goods to ship yard and
update the mode of transportation as Ship and transport document number on the
e-way bill system. Next, after reaching Mumbai, the taxpayer or concerned
transporter updates movement as road from ship to airport with vehicle number.
Next the taxpayer or transporter updates, using ‘update vehicle number’ option,
the Airway Bill number. Again after reaching Delhi, he updates movement through
road with vehicle number. This way, the e-way bill will be updated with
multiple mode of transportation.
Question: How to handle the goods which moves through
multiple transshipment places?
Answer: Some of the consignments move
from one place to another place till they reach their destinations. Under this
circumstance, each time the consignment moves from one place to another, the
transporter needs to enter the vehicle details using ‘Update Vehicle Number’
option, when he starts moving the goods from that place or the transporter can
also generate ‘Consolidated EWB’ with the EWB of that consignment with other
EWBs and move to the next place. This has to be done till the consignment
reaches destination. But it should be within the validity period of EWB.
Question: How to
generate e-way bill for multiple invoices belonging to same consignor and
consignee?
Answer: If multiple invoices are
issued by the supplier to recipient, that is, for movement of goods of more
than one invoice of same consignor and consignee, multiple EWBs have to be
generated. That is, for each invoice, one EWB has to be generated, irrespective
of same or different consignors or consignees are involved. Multiple invoices
cannot be clubbed to generate one EWB. However after generating all these EWBs,
one Consolidated EWB can be prepared for transportation purpose, if they are
going in one vehicle.
Question: How to enter invoice having different states for
“Bill to” and “Ship to” places and what will be the tax rates?
Answer: If the addresses involved in 'Bill to' and 'Ship to' in a
invoice/bill belongs to one legal name/taxpayer as per GSTIN within the state,
then one e-way bill has to be generated. That is, if the 'Bill to' is principal
place of business and 'Ship to' is additional place of business of the GSTIN or
vice versa in a invoice/bill, then one e-way bill is sufficient for the
movement of goods.
If the addresses involved in 'Bill to' and 'Ship to' in a
invoice/bill belongs to different legal names/taxpayers, then two e-way bills
have to be generated. One e-way bill for first invoice, second e-way bill is
from 'Bill to' party to 'Ship to' party based on the invoice/bill of the 'Bill
to' party. This is required to complete the cycle of transactions and taxes
will change for inter-state transactions.
For example, A has issued invoice to B as 'Bill to'
with C as 'Ship to'. Legally, both B and C are different taxpayers. Now, A will
generate one e-way bill and B will issue invoice and generate one more e-way
bill. As goods are moving from A to C directly, the transporter will produce
both the invoices and e-way bills to show the shortcut movement of goods.
Question: How to generate e-way bill, if the goods of one
invoice is being moved in multiple vehicles simultaneously?
Answer: Where the goods are being transported in a semi knocked down
or completely knocked down condition the EWB shall be generated for each of
such vehicles based on the delivery challans issued for that portion of the
consignment and;
(a) the supplier shall issue the complete invoice before dispatch
of the first consignment;
(b) the supplier shall issue a delivery challan for each of the
subsequent consignments, giving reference of the invoice;
(c) each consignment shall be accompanied by copies of the
corresponding delivery challan along with a duly certified copy of the invoice;
and
(d) the original copy of the invoice shall be sent along with the
last consignment
Please note that multiple EWBs have to generate
under this circumstance. That is, the EWB has to be generated for each
consignment based on the delivery challan details along with the corresponding
vehicle number.
“semi knocked-down”
is used to describe a product that is exported in a set
of parts that have been
partly put together, and which are then all put together for sale to customers:
"completely knocked-down" is
used to describe a product that s sold or transported in a
set of parts, which must be put
together before the product can be used by
the customer:
For example: Motorcycles can be transported in
completely knocked-down kits, hich reduced transport costs because less space was needed to transport them.
Subscribe to:
Posts
(
Atom
)
Featured PostTCS to apply only on cash portion of sales transaction CBDT clarifiesWelcome clarification by CBDT on TCS on Cash Sale. CBDT vide Circular No. 23/2016 dt. 24 June 2016 has clarified on FAQs of stakeholde... ![]() Category
![]() Popular Posts
![]() About MeBlog Archive
![]() WARNING
Nobody is permitted to copy or publish the articles existing on this blog on any website or on any other media without my express permission. ![]() Disclaimer
No one is responsible for any claims if somebody finds that the information/opinions provided in this blog is incorrect and the blog is meant only to share knowledge and exchange views in a meaningful manner.
![]() Useful Links
Powered by Blogger.
![]() |