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Petitioner Entitled to C-Form under CST in respect of High Speed Diesel as Central Government didn’t notify it under CGST: Chhattisgarh HC

In Shree Raipur Cement Plant vs. State of Chhattisgarh Finance Department & Ors., the Chhattisgarh High Court held that the petitioner is entitled to be issued C Form under the Central Sales Tax Act, 1956 read with the Central Sales Tax (Registration and Turnover) Rules, 1957 in respect of high speed diesel purchased by it in the course of inter-State trade and used by it in the course of manufacturing of cement, after the promulgation of the Central Goods and Services Tax Act, 2017 with effect from 1-7-2017. In the instant case, the Petitioner is a registered company under the Central Sales Tax (CST) Act, 1956 read with the Central Sales Tax (Registration and Turnover) Rules, 1957. It manufactures cement from mining limestone. For using the mining equipments, the petitioner requires High Speed Diesel. The petitioner Company was permitted to purchase goods in the course of inter-State trade at the rates specified in Section 8(1) of the CST Act, 1956. Source: Taxscan -- N.K. Goe...

GST Council approves principles for filing of new return design based on the recommendations of the Group of Ministers on IT simplification

Ministry of Finance GST Council today in its 27thmeeting approved principles for filing of new return design based on the recommendations of the Group of Ministers on IT simplification. The key elements of the new return design are as follows –   *One monthly Return*:All taxpayers excluding a few exceptions like composition dealer shall file one monthly return. Return filing dates shall be staggered based on the turnover of the registered person to manage load on the IT system. Composition dealers and dealers having nil transaction shall have facility to file quarterly return.   *Unidirectional Flow of invoices*: There shall be unidirectional flow of invoices uploaded by the seller on anytime basis during the month which would be the valid document to avail input tax credit by the buyer. Buyer would also be able to continuously see the uploaded invoices during the month.There shall not be any need to upload the purchase invoices also. Invoices for B2B transaction shall need to use HSN ...

No need for separate PAN Card in case of certain companies

Finance Act, 2018, amended section 139A of the Income-tax Act, 1961, and removed the requirement of issuing PAN in the form of a laminated card ,  It has been clarified that PAN and TAN mentioned in the Certificate of Incorporation (COI) issued by MCA shall also be treated as sufficient proof of PAN and TAN for the said company assesses. In case of a company, an application for incorporation, allotment of PAN and allotment of TAN may be made through a common application form submitted to the MCA. In these cases, the COI issued by MCA contains a mention of both PAN and TAN. Link to Press Release Dated: 14th April 2018 => http://pib.nic.in/PressReleaseIframePage.aspx?PRID=1529095

Press release for bill to ship to

The government has issued a press release for bill to ship to transactions It has been made clear that in this transaction the e-waybill has to be issued by only one of the two parties that is the original purchaser or the person dispatching the goods For details kindly refer the copy of press release in the given link https://drive.google.com/a/icai.org/file/d/1lw3FaJIkuJzPjDdKkxrf7laFbPRXGCVR/view?usp=drivesdk

Intra-State Movement of these 19 Goods requires E-Way Bill: Gujarat Govt. Issues Notification

In a Notification issued by the Commissioner of State Tax, Gujarat, the Commissioner has notified that E-Way Bill is not required to be generated for intra-city movement as well as the intra-state movement of all goods within the whole of the territory of the State of Gujarat. However, the intra-state movement of the notified 19 goods of consignment exceeding Rs. 50,000/- require E-Way Bill. The 19 Listed Goods for which E-Way Bill is required, when the value of consignment exceed Rs. 50,000/- are: All kinds of edible oils, all kinds of taxable oil seeds, all kinds of oil cakes, Iron and steel, Ferrous and Non-ferrous metal and scrape thereof, Ceramic tiles, Brass parts and brass items, processed tobacco and products thereof, cigarette, Gutkha and Pan Masala, All types of Yarns, All types of plywood, block board, Decorative and Laminated Sheets, Coal including Coke in all its forms, Timber and Timber products, Cement, Marble and Granite, Kota Stones, Naphtha, Light Diesel Oil, Tea ...

Motor Accident Claim

: If The Transfer Of Vehicle Is Not Registered With Authority Original Owner Is Liable [Read Judgment] http://www.livelaw.in/motor-accident-claim-transfer-vehicle-not-registered-authority-original-owner-liable-read-judgment/ Looking for legal news and events. Download Livelaw app, India's no:1 Legal news app. http://onelink.to/bxd89a