CAclubindia News

Margin Scheme under GST for dealers in second hand goods in general

17 July 2017 at 10:52

Position regarding applicability of the Margin Scheme under GST for dealers in second hand goods in general and for dealers in old and used empty bottles in particular. Doubts have been raised regarding the applicability of the Margin Scheme under GS

Posted in GST | 1 comments | 4329 Views

Traders requested to register under GST now

17 July 2017 at 10:52

Provisions related to registration under GST regime; Traders are requested to register now without waiting for the last date i.e. 30th July, 2017. As per the GST laws, one is required to take registration on or before 30thJuly, 2017. All traders are

Posted in GST | 4164 Views

Services provided by the Housing Society RWA not to become expensive under GST

14 July 2017 at 11:21

Services provided by the Housing Society Resident Welfare Association (RWA) not to become expensive under GST; There is no change made to services provided by the Housing Society (RWA) to its members in the GST regime. There are some press reports th

Posted in GST | 1 comments | 5268 Views

No GST on Annual subscription charged as lodging charges by educational institutions

14 July 2017 at 11:21

No GST on Annual subscription/fees charged as lodging/boarding charges by educational institutions from its students for hostel accommodation; Services provided by an educational institution to students, faculty and staff are fully exempt from GST. T

Posted in GST | 1 comments | 4062 Views

Clarification on tax in reverse charge on gold ornaments

14 July 2017 at 11:21

Further clarification on tax in reverse charge on gold ornaments; Sale of oldjewellery by an individual to a jeweller will not make the jeweller liable to pay tax under reverse charge mechanism on such purchases;However, if an unregistered supplier o

Posted in GST | 1 comments | 6222 Views

No GST is applicable on free food supplied at religious institutions

12 July 2017 at 11:53

No GST is applicable on free food supplied in anna kshetras run by religious institutions; prasadam supplied by religious places like temples, mosques, churches, gurudwaras, dargahs, etc. attracts Nil CGST and SGST or IGST, as the case may be. There

Posted in GST | 5886 Views

Show Cause Notice issued to 5,922 Associations for cancellation of FCRA registration

12 July 2017 at 11:53

As a one-time measure, all associations were given an opportunity by way of a Public Notice uploaded on fcraonline.nic.in on May 12, 2017 requiring the associations to file their missing Annual Returns pertaining to FY 2010-11 to 2014-15 within a per

Posted in Others | 4173 Views

CA Final and CPT results to be declared on 18th July 2017

11 July 2017 at 18:07

IMPORTANT ANNOUNCEMENTThe result of the Chartered Accountants Final Examination held in May 2017 and Common Proficiency Test (CPT) held in June 2017 are likely to be declared on Tuesday, the 18th July 2017 around 2.00 P.M. and the same as well as the

Posted in Students | 2 comments | 32253 Views

Multipurpose Empanelment Form (MEF) for the year 2017-18 is live now

11 July 2017 at 11:08

Multipurpose Empanelment Form (MEF) for the year 2017-18 is live now. We request all the members holding full time Certificate of Practice/firms as on 01.01.2017 to fill the Multipurpose Empanelment Form 2017-18 carefully and submit all the fields of

Posted in Professional Resource | 3 comments | 12162 Views

Gifts upto Rs 50000 by employer to employee outside GST ambit

11 July 2017 at 11:08

Gifts up to a value of Rs 50,000/- per year by an employer to his employee are outside the ambit of GST. However, gifts of value more than Rs 50,000/- made without consideration are subject to GST, when made in the course or furtherance of business.

Posted in GST | 1 comments | 7650 Views