Taxability of Different Supplies Under GST – CBIC Clarifies
Clarification released regarding various taxation issues under GST.
CBIC Clarification On Refund of Tax Paid Under Wrong Head
The clarifications given by CBIC address the issues pertaining to refund of tax paid under wrong head as mentioned u/s 77 of CGST Act, 2017.
CBIC Clarification Regarding Export of Service
With the intent to make the GST provisions more effective such that they leave no scope for ambiguity, CBIC has issued clarification vide. Circular No. 161/17/2021-GST dated 20.09.2021. The issue addressed through such circular is whether the supply of service by a subsidiary of a foreign company in India to such foreign company will be barred from being considered as “Export of Service”.
Recent Clarifications on GST Issues
CBIC has issued clarifications in respect of certain GST issues which were earlier subject to contradictory views.
Regularisation of Income Tax Returns filed using EVC
CBDT has issued an order u/s 119(2)(a) dated 24.09.2021 for regularising the income tax returns.
Regularisation of Income Tax Returns filed using EVC
CBDT has issued an order u/s 119(2)(a) dated 24.09.2021 for regularising the income tax returns.
TDS deductible but not deducted is to be reduced to arrive at Advance Tax?
A proviso to Section 209(1)(d) was inserted by the Finance Act, 2012, thereby explicitly providing for non reduction of TDS deductible but not deducted for the purpose of computing Advance Tax.
Whether payment of Sales Tax by adjustment is a deemed payment for Section 43B?
The adjustment made for meeting the sales tax liability on sales is a deemed payment by legal fiction.
