E India CA

Professional Updates for Chartered Accountants

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Bombay HC asks Petitioners seeking amendment in GST TRAN 1 to make representation before CBIC; directs CBIC to address within 12 weeks

In a petition seeking amendment in GST Form TRAN 1 due to typo errors made while filing GST TRAN-1, a two-judge bench of the Bombay High Court has asked the petitioners to file a representation before the Central Board of Indirect Taxes (CBIC) about the claim and directed the Board to address the grievance within a period of twe...

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Input tax credit refund available for zero rated export of exempted items’

Q. We are a “hospital service provider” registered under GST. We wish to procure capital goods, both imported and indigenous, under EPCG authorisations, as we have sufficient foreign exchange earnings to fulfill the export obligation. For indigenous procurement of capital goods, we are paying CGST/SGST/IGST, as applicable. Can ...

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Finance Ministry extends deadline for filing September GST returns to October 25

The Finance Ministry on Sunday extended the deadline for filing summary sales return GSTR-3B for the month of September by five days to October 25. With this extension, businesses which wish to claim Input Tax Credit (ITC) benefit for July 2017-March 2018 period can do so till October 25. The Central Board of Indirect Taxes and...

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Bombay HC asks GST Dept to Re-open TRAN-1 to Rectify Errors

CST & VAT / GST | HEADLINES | TOP STORIES Bombay HC asks GST Dept to Re-open TRAN-1 to Rectify Errors October 4, 2018 7:28 pm| By : Tax Scan Team A two- judge bench of the Bombay High Court has asked the Central Government to re-open the facility to file GST TRAN-1 to allow the tax payers to rectify the human typo errors. Form TR...

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Internal auditor cannot undertake GST audit of the same entity: ICAI

An internal auditor of an enterprise cannot undertake GST audit of the same entity, the CA Institute has said. This clarification comes in the wake of queries raised by stakeholders as to whether an internal auditor of an entity can also undertake GST audit of same entity under the Central Goods and Services Act 2017. Upon consider...

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Jaitley proposes additional cess under GST to help flood-hit Kerala

Finance Minister Arun Jaitley has proposed additional cess on select commodities under GST to raise funds to help Kerala tide over the damages caused due to floods, a state minister said on Friday. The proposal of levy of cess is expected to come up for discussion at the GST Council meeting on September 28. "Kerala welcome...

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Use of data analytics helping government detect GST evasion, says top tax official

The principal chief commissioner of central taxes (Bangalore zone) AK Jyotishi has warned dealers against GST evasion, saying that the department now has the technology backbone to detect such instances of tax evasion. The government is using data analytics, and the defaulters are being detected, he said, speaking at Workshop on GST...

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Whether Integrated Accounting is Necessary in GST Regime?

Trade & Industry is in the panic situation, especially after Advance Ruling by Karnataka Advance Ruling Authority in the case of COLUMBIA ASIA HOSPITALS PRIVATE LIMITED where the question on which advance ruling was sought on below matter: Whether the activities performed by the employees at the corporate office in the course ...