So, to help the readers understand everything more about Section 248 (5) of the Companies Act 2013 or Section 560 of the Companies Act, 1956, we have written this new article: All about MCA Struck-Off Companies in 5 Questions. Another article that we covered in April is Form RFD-11: ...
The GSTN (Goods and Services Tax Network) will soon allow metal scrap dealers to register for TDS (Tax Deducted at Source) under section 51 of the GST Act. View more 11th October 2024 GSTN has been enabled in four new states Odisha, Kerala, Nagaland, and Telangana, for the verification...
2. AMC for DG Set, Lift, Valet Parking Equipment: These are considered repair and maintenance expenses, which are not restricted under Section 17(5) of the CGST Act. You can claim itc.CA Rashmi Gandhi (Chartered Accountant) (86461 Points) Replied 23 March 2025 1. ITC on GST Paid und...
Section 3.Officers under this Act. Section 4.Authorisation of officers. Section 5.Powers of officers. Section 6.Authorisation of officers of central tax as proper officer in certain circumstances. CHAPTER III -LEVY AND COLLECTION OF TAX
#5. Non-payment of GST In case any GST tax evasion is found out from the taxpayer's side, his GST Certificate will be cancelled as a suitable legal action. #6. Flout of norms GST registrant has violated any rules or provisions as, under CGST Act 2017, he will be subject to statutor...
Introduction Subject matter of this write up is Section 136 of the Central Goods and Services Tax Act 2017 Act This Section pertains to the relevancy and admiss
GST Circular 237/31/2024-GST dated 15-10-2024: Clarifying the issues regarding implementation of provisions of sub-section (5) and sub-section (6) in section 16 of CGST Act,2017 GST Circular 236/30/2024-GST dated 11-10-2024: Clarification regarding the scope of “as is / as is, whe...
3. GST Council has recommended amending section 17(5)(d) of CGST Act, 2017, to replace the phrase "Plant or Machinary" with "Plant and Machinary" 4. GST Council has recommended an increase in the GST rate from 12% to 18 % on the sale of all old and used vehicles, Major Highlights...
Business Use:The goods or services acquired should be used for business purposes, as per Section 16(1) of the GST Act. Possession of Invoice:Following Section 16 (2) (a), the taxpayer must possess a valid invoice or tax-paying document that contains all necessary details. ...
Pro tip: Pending invoices can be dealt with even in later months, but don’t wait too long—Section 16(4) of the CGST Act sets a limit!Step 5: Recomputing GSTR-2BHere’s where things get a little techy—but don’t worry, it’s simpler than it sounds. After taking any action (...