DATE FOR FILING VAT RETURN FURTHER EXTENDED

LAST DATE FOR FILING VAT RETURN FOR FIRST QUARTER OF 2013-14 FURTHER EXTENDED

The Value Added Tax Department in modification to Circular No. 7 dtd. 26/07/2013 has vide Circular No. 9 dated 06.08.2013, further extended the last date for filing online Return for the first quarter 2013-14.

Class of Return	Last date for online filing	Last date for Hard Copy
Returns - DVAT 16, DVAT 17	29/08/2013	31/08/2013
Annexure 2C and 2D which form part of the return.	07/09/2013	10/09/2013

However it may be noted that the due date for depositing tax is not changed.

Copy of notification also available at http://delhi.gov.in/wps/wcm/connect/doit_tradeandtaxes/TradeAndTaxes/Home/Public+Documents/Circular

COPY OF NOTIFICATION

Comments

No GST on Ocean freight. Hon'ble SC.

Supreme Court has pronounced its judgment in the matter of Mohit Minerals (Ocean Freight matter). While upholding the judgment of Gujarat High Court, the Supreme Court has held that recommendations of GST Council are only recommendatory and not binding on Union and State. To summarise the Hon'ble Apex Court has ruled that GST is not leviable on ocean freight. CA Yashu Goel

CBDT Instruction No 5/2014 dated 10.07.2014

Dear Members, The Hon'ble CBDT has issued Instruction No 5/2014 dated 10.07.2014 , by which the monetary limits for filing appeals to ITAT / HIGH COURT / SUPREME COURT have been revised. The New limits are: Tax effect Appeal before ITAT Rs. 4,00,000/- High Court Rs. 10,00,000/- Supreme Court Rs. 25,00,000/- Copy of Instruction is attached for your information.

GST - Electronic invoicing (E Invoicing) made mandatory

E-invoice has been made mandatory for taxpayers having turnover exceeding 10 crores from 1st October, 2022: Notification 17/2022 Central Tax dtd 01/08/2022 It implies that any registered person whose aggregate turnover in any preceding financial year from FY 2017-18 onwards has exceeded Rs 10 Crore shall issue E-invoice w.e.f 1st October 2022 . -- CA Yashu Goel 9899263490 M/s N.K. Goel & Bros. Chartered Accountants www.TaxingNarad.COM

N K GOEL AND BROS.

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