Daily Archives: May 25, 2018

No Tax on sum received by partner on retirement from firm for goodwill : HC

By | May 25, 2018

HIGH COURT OF BOMBAY Principal Commissioner of Income-tax-26 Mumbai v. R.F. Nangrani HUF M.S. SANKLECHA AND SANDEEP K. SHINDE, JJ. IT APPEAL NO. 33 OF 2016 APRIL  18, 2018 A.R. Malhotra and N.A. Kazi for the Appellant. Ajaykumar R. Singh and Ravindra Poojary for the Respondent. ORDER 1. This Appeal under Section 260-A of the Income Tax Act, 1961 (the Act) challenges the order dated… Read More »

GST TRAN 2 : user manual by GSTN

By | May 25, 2018

GST TRAN 2 : user manual by GSTN Transition Form GST TRAN – 2 [ Join online GST Course by CA Satbir Singh ] 1. Login and Navigate to Transitions Forms > TRAN – 2 page 1. Access the www.gst.gov.in URL. The GST Home page is displayed. 2. Login to the GST Portal with valid credentials. 3.… Read More »

GST TRAN 2 FAQ’s

By | May 25, 2018

GST TRAN – 2 1. Why do I need to file transition Form GST TRAN – 2? [ Join online GST Course by CA Satbir Singh ] Every registered person who is eligible to take credit in his/her Electronic Credit Ledger of eligible duties and taxes paid under existing laws in respect of inputs, in… Read More »

GST on Security Deposit

By | May 25, 2018

GST on Security Deposits This Video Tutorial will explain the provisions of GST on Security Deposits [ Join online GST Course by CA Satbir Singh ] XYZ Ltd. receiving security deposit from customer against supply of gas cylinders.is there any GST implication on it for XYZ? Comment : i )If Deposit is refundable – no… Read More »

Goods couldn’t be seized if eway bill have handwritten second vehicle number :ALLAHABAD HC

By | May 25, 2018

The E-Way Bill which has been issued initiatlly when the goods/vehicle started its journey from Himanchal Pradesh/Punjab by mentioning the vehicle number in the E-Way Bill but after reloading in another vehicle at Chandigarh since the official portal was not permitting to mention the details of two transport vehicles, the registration number of the second… Read More »

GST Registration issued in Wrong Name : Revenue authorities to make correction :ALLAHABAD High Court

By | May 25, 2018

The petitioner being a corporate entity made an application for migration to the Goods and Service Tax under the signature of one of its Directors namely Shri Dheeraj Jain and in support of the documentation the PAN card was appended. The petitioner was allotted a registration number for the purpose of Goods and Services Tax.… Read More »

Goods seized for incomplete Eway bill to be released on furnishing security :ALLAHABAD HC

By | May 25, 2018

There is no illegality in seizing goods for violation of provision of the Act. However, in the interest of justice, we permit the release of the goods of the petitioner and the vehicle on furnishing security other than cash and bank guarantee of the amount specified in clause (a) or (b) of sub-section (1) to… Read More »