Archive for author: shinewingindia

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Articles Income Tax

Rate of Withholding Tax on Dividends Paid to Non-residents

In the recent judgement of Hon’ble Delhi High Court, the assessee being M/s Nestle SA, was given relief of lower withholding tax rates on payment of dividend to a non-resident. The Hon’ble High Court relied on ...

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Articles GST

44th GST Council Meeting dated 12-06-2021

Press release on revised GST Rates on goods being used in Covid-19 relief and management till 30th September, 2021. S. No.DescriptionPresent GST RateGST Rate recommended by GST Council(A)Medicines &nbsp...

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Articles GST

National Programme on Advanced Chemistry Cell Battery Storage (NPACC)

Background: The Union Cabinet has approved the proposal of Rs. 18,100-crores to incentivize battery makers to manufacture locally i.e., to cut import dependence while giving boost to electric vehicle (EV) ad...

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Articles Industry Insight

FAME India Phase II

In the Scheme for FAME India Phase II {S.O. No. 1300(E)} dated 8th March 2019, the following amendments are made as mentioned below: Central government will procure electric buses and three-wheelers on large...

43rd GST Council Meeting dated 28-05-2021 – Proposals.
Articles GST

43rd GST Council Meeting dated 28-05-2021 – Proposals.

Part 3: Certain other COVID-19 related relaxations: Extension of due date of filing GSTR-1/ IFF for the month of May 2021 by 15 days.Extension of due date of filing GSTR-4 for FY 2020-21 to 31.07.2021.Extens...

43rd GST Council Meeting dated 28-05-2021 – Proposals.
Articles GST

Part 2: 43rd GST Council Meeting dated 28-05-2021 – Proposals.

Part 2: Other important proposals Abolishing of GST audit and introduction of self-certification of Form GSTR-9C, shall be notified soon. The above amendment will be applicable for FY 2020-21. Optional...

43rd GST Council Meeting dated 28-05-2021 – Proposals.
Articles GST

43rd GST Council Meeting dated 28-05-2021 – Proposals.

Part 1: Late fees exemptions and revised ceiling limits: S. No.Scheme/ReliefConditionsAmount of Relief1Amnesty scheme_ exemption of late fees for delay in filing Form GSTR-3BExemption period: From July 2017 ...

Guidelines Issued by CBIC for GST Officers Regarding Cancellation of Registration
Articles GST

Guidelines Issued by CBIC for GST Officers Regarding Cancellation of Registration

Rule 22 (3) of CGST Rules, 2017: Where a person who has submitted an application for cancellation of his registration in FORM GST REG-16 is no longer liable to be registered or his registration is liabl...

Income Tax Alert: Linking of PAN and Aadhaar
Articles Income Tax

Income Tax Alert: Linking of PAN and Aadhaar

As you are aware that the Government of India is requesting taxpayers for linking of PAN and Aadhaar from past year. However, due to the ongoing pandemic, the Government had been extending the deadline further ...

Whether the Medicines, Consumables and Implants used in the course of providing health care services for diagnosis or treatment of patients being provided by the hospital is a ‘Composite Supply’?
Articles GST

Whether the Medicines, Consumables and Implants used in the course of providing health care services for diagnosis or treatment of patients being provided by the hospital is a ‘Composite Supply’?

Pre-Requisite Knowledge: In-patient health care services provided by a hospital is exempt from the levy of GST under Sl. No 74 of the Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017. The term...