CBEC
issues clarification on certain transitional issues arising w.r.t. payment of
service tax after June 30; Clarifies that in cases where service was received
and payment thereof was made before July 1 but service tax was paid by July 5 /
6, details of credit should be indicated in Part I of Form ST-3 by filing
revised return; Accordingly, to give assessees an immediate and viable window
to file revised returns within 45 days, CBEC states that all ST-3 returns for
the period April – June 2017 which have been filed upto and inclusive of August
31, shall be deemed to have been filed on August 31; Once details of such
credit are reflected in ST-3, assessee may proceed to fill in the details in
Form GST TRAN-1; Assessees who were not registered under ACES and who want to
make payment of service tax on after July 1, can avail the category of “non
assessee registration” in registration module of ACES : CBEC Circular
Subscribe to:
Post Comments (Atom)
Delhi HC holds 10% pre-deposit requirement for penalty-only appeals inapplicable where SCN was issued before amendment
This Tax Alert summarizes a recent ruling of the Delhi High Court (HC) [1] on whether the newly introduced pre-deposit requirement for fi...
-
ITC is blocked on motor vehicles having seating capacity ≤ 13 persons (including the driver) used for the transportation of persons. Furth...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
This Tax Alert summarizes a recent judgement of the Delhi High Court (HC)on imposition of penalty on directors of a company under the Ce...
-
Recently, in a significant taxpayer-friendly ruling, the Hon’ble Mumbai ITAT, in the case of Nikesh Bhagwandas Mehta vs. ITO , has clarifi...
-
Section 68 -Cash credits Section 69 -Unexplained investments Section 69A - Unexplained money, etc Section 69B -Amount of investme...
-
THE issues before the Bench are - Whether when an expenditure is claimed to have been incurred by an assessee for promotion of his busine...
-
Income Tax Department had clarify that the renting of mobile tower would attract lower TDS Deductions u/s. 194-I and not u/s...
-
LEASE-DEED (A brief Introduction) Lease defined. A lease of immovable property is a transfer of a right to enjoy such property, mad...
-
This Tax Alert summarizes a recent Circular issued by the Central Board of Indirect Taxes and Customs (CBIC) clarifying the manner of gra...
-
This Tax Alert summarizes a recent judgement of the Kerala High Court (HC) 1 upholding the validity of GST notifications 2 extending the t...
No comments:
Post a Comment