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Kraft paper honeycomb boards or paper honeycomb boards to be classified under HSN 48089000 instead of 48081000 : Says AAR

    

Work contract services provided to National Centre for Biological Sciences (NCBS) to be taxable at 18% GST and not 12% GST: Says AAR

    

CBIC tweet for consideration of GST late fee waiver for past period from Aug 2017 to Jan 2020

    

Next GST Council Meeting likely to happen on June 14

    

Principles of natural justice not followed by officer. Assessment order set aside and remitted back for redoing the assessment again on merits of case : Madras High Court

    

Bail Petition of Sh. Rajesh Arora : Rajasthan High Court

    

Retrofitted two wheelers for use of differently abled persons to be taxed as normal vehicle under HSN 87112019 @ 28% GST with ITC : Says AAR, Karnataka

    

GSTN advisory for registration of IRP/RPs on the GST Portal

    

Early hearing of SKH Sheet Metals accepted by Delhi High Court on the issue of availment of transitional credit under GST

    

Petitioner got approval from Bombay High Court to visit the office premises of Petitioner to collect records and information

    
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Finance Bill

Govt substitutes the sub-rule 3 of Rule 11 of Goods and Services Tax Settlement of Funds Rules w.e.f. 04.06.2018. After substitution sub-rule 3 reads as under:

"(3) At any point of time in any particular financial year, the Central Government may, on the recommendations of the Council, provisionally settle any sum of integrated goods and services tax collected in that particular financial year which has not been settled so far which will be adjusted in the subsequent month(s)/year(s), based on the returns filed by the taxpayers."

Therefore, Central Government is now empowered to provisionally settle the unsettled amount of IGST collected in that financial year. However, which will be adjusted in the subsequent month(s)/year(s), based on the returns filed by the taxpayers."

Read Rule 11

Read all rules of Goods and Services Tax Settlement of Funds Rules

 


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Posted by

TaxReply

on Jun 6, 2018


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