New GST News and Circular 16.06.2018 [ Join online GST Course by CA Satbir Singh ] New GST News on Eway Bill Delhi Intra-State e-way bill from 16.06.2018 : Notification Multiple Vehicle Option for e-Way bill on Eway Bill Portal Eway Bill New Updates on EWay bill Portal : GST News 326 No Eway bill… Read More »
When No Disallowance of Expenses can be made under Income Tax if TDS not Deducted : Case Laws Submit Form 13 Income Tax for No TDS/TCS or Lower TDS No TDS if Company made payment to Labours on bhelaf of farmers No TDS on reimbursement of expenses if it had no income element: HC No… Read More »
Depreciation Rates under Income Tax Depreciation Rates under Income Tax [As amended by Finance Act, 2018] AS APPLICABLE FROM THE ASSESSMENT YEAR 2003-04 ONWARDS Block of assets Depreciation allowance as percentage of written down value AYs 2003-04 to 2005-06 AY 2006-07 to AY 2017-18 AY 2018-19 onwards 1 2 3 4 PART A TANGIBLE ASSETS… Read More »
Whether the food and beverages served at the time of parties within the premises of the club is liable to tax at CGST 205% + SGST 205%. If not what is the rate of tax? Held The application is withdrawn by the applicant , hence stands disposed off Maharashtra AUTHORITY FOR ADVANCE RULINGS Shri Sham Caterers… Read More »
EGM number on GST Portal GST Portal Update: Provision to give EGM number of maximum 7 digits has been provided to the tax payer. GST Refund Free Study Material GST Refunds – Analysis GST Special Refund Fortnight from 31.05.2018 to 14.06.2018 : Press Release 30.05.2018 No refund of GST Challan payment if wrong GSTIN mentioned… Read More »
Intra-State e-way bill applicable from June 16, 2018 to Delhi if consignment value exceeds Rs. 1 lakh The E-way bill system would be applicable from June 16, 2018 in the State of Delhi for intra-State movement of goods. There is no need for generation of e-way bill in case of B2C (Business to Customer) transactions… Read More »
How to register on Traces as Deductor 1 Brief Steps for Deductor Registration and Login. 2. Important Information on Deductor Registration and Login. 3. Pictorial Guide for Deductor Registration and Login Brief Steps for Deductor Registration and Login Type in url www.tdscpc.gov.in in the address bar of the browser to access the TRACES website… Read More »
Amount received for providing training services not “fees for technical services” under treaty with the Netherlands: The Mumbai Bench of the Income-tax Appellate Tribunal held that consideration received by the taxpayer for providing training services and for access to a centralised reservation system (that is, common facilities provided to members of the taxpayer group) were… Read More »
Foreign investment reporting, single master form The Reserve Bank of India introduced a single master form for reporting total foreign investment in an Indian entity. Read a June 2018 report [PDF 477 KB]
Share premium received from foreign holding companies not income chargeable to tax The Mumbai Bench of the Income-tax Appellate Tribunal held that a share premium received by the taxpayer from its non-resident holding company was a capital transaction and, thus, not income chargeable to tax in India. The case is: Finproject India (P.) Ltd. Read a June… Read More »