Monthly Archives: March 2018

Help Desk for e Waybill

By | March 25, 2018

Help Desk for e-Waybill WEST BENGAL HELP DESK FOR E-WAYBILL WORKING HOURS from 10.30AM TO 17.30PM [on working days] [Recess Hours: 14.00PM TO 14.30PM] You can approach in the following manners:- OVER TELEPHONE: 1800 121 0060 (toll free), 03371221000, 03371221222, 03371221527 [Direct Lines] THROUGH E-MAIL: cthelpdesk-wb@nic.in VIA PERSONAL VISIT: DIRECTORATE OF COMMERCIAL TAXES, Main Building,… Read More »

Country-by-Country (CbC) reporting u/s 286(4) of Income tax Act

By | March 25, 2018

Twitter from Income Tax Department on 23.03.2018 :- CBDT issues clarification reg requirement for furnishing of Country-by-Country (CbC) reporting u/s 286(4) of the IT Act,1961. It is clarified that due dt of 31st March,2018 applies for furnishing of CbC report for constituent entities of international groups u/s 286(2) only & not u/s 286(4) of IT… Read More »

Expenses for property taxable as house property income couldn’t be allowed as business exp. : ITAT

By | March 25, 2018

IN THE ITAT KOLKATA BENCH ‘D’ Mangilall Estates (P.) Ltd. v. Deputy Commissioner of Income tax, Central Circle-1(3), Kolkata ABY T. VARKEY, JUDICIAL MEMBER AND WASEEM AHMED, ACCOUNTANT MEMBER IT APPEAL NO. 156 (KOL.) OF 2015 [ASSESSMENT YEAR 2012-13] FEBRUARY  21, 2018 Subash Agarwal, Adv. for the Appellant. A.K. Tiwari, CIT-DR for the Respondent. ORDER Waseem Ahmed, Accountant Member –… Read More »

HC allowed Credit of clean energy cess paid on coal for payment of GST compensation cess

By | March 24, 2018

Petitioner here will continue to pay the taxes as and when they fall due after availing and utilizing the credit for the cess already paid. This will, however, be subject to the final orders passed by this Court. HIGH COURT OF DELHI Hind Energy & Coal Benefication (India) Ltd. v. Union of India S. MURALIDHAR AND PRATHIBA… Read More »

ICAI suggests SUF Model for GST returns

By | March 24, 2018

lCAl Suggests the SUF Model (Simplified User-Friendlv Model) on return filing & enabling of credit ‘The model could be follows: 1. Supplier will upload summary information from B2B invoices on real time basis up to 10th of the following month. The summary information will be limited to those relevant for purposes of allowing credit, namely: a)… Read More »

E-Insurance Accounts: 15,21,907 accounts opened as on 15.03.2018

By | March 24, 2018

Ministry of Finance E-Insurance Accounts: 15,21,907 accounts opened as on 15th March 2018 Posted On: 23 MAR 2018 5:32PM by PIB Delhi As per Insurance Regulatory and Development Authority of India (IRDAI), the number of customers who have opened e-insurance accounts as on 15th March 2018 are 15,21,907. However, e-insurance accounts are only for storing insurance… Read More »

Goods & Services Tax (GST) collections

By | March 24, 2018

Ministry of Finance Goods & Services Tax (GST) collections Posted On: 23 MAR 2018 5:36PM by PIB Delhi The month-wise consolidated figures of Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST) and Cess collected by the Government since July 1, 2017 is as under: (Amount in… Read More »

User Friendly GSTN : Survey

By | March 24, 2018

Ministry of Finance User-Friendly Goods and Services Tax Network (GSTN) Posted On: 23 MAR 2018 5:38PM by PIB Delhi        Goods and Services Tax Network (GSTN) has sought the views of the taxpayers about their experience and difficulties.  A survey was conducted by GSTN on overall taxpayer’s satisfaction during the months of October 2017 & November… Read More »

Relaxation of Norms for NPS -National Pension Scheme

By | March 24, 2018

Ministry of Finance Relaxation of Norms for NPS Posted On: 23 MAR 2018 5:42PM by PIB Delhi The Government of India has recently made three changes in the National Pension Scheme (NPS) including withdrawal norms. The details are as under:   Partial withdrawal during the service: The Pension Fund Regulatory and Development Authority (PFRDA), with… Read More »

Prosecution against 780 listed companies filed for not filing annual returns

By | March 24, 2018

Ministry of Corporate Affairs Ministry of Corporate Affairs (MCA) has filed prosecution against 780 listed companies under various sections of Companies Act, 2013 due to non-filing of Financial Statements and Annual Returns Posted On: 23 MAR 2018 6:42PM by PIB Delhi The Government has taken any steps against listed companies which are not functioning. Ministry… Read More »