28th GST Council Meeting Date 28th GST Council meeting to be covened through Video Conferencing on 21st July 2018 (Saturday) from 11:00 hours. Prior to that, a preparatory meeting of officers will be held in New Delhi on Friday, the 20th of July, 2018 from 10:00 hours. [Ealier the Govt has announced the date of 28th GST Council meeting… Read More »
Income Tax Calendar July 2018 : Due Dates Following is the Income Tax Calendar for July 2018 i.e Due dates for various Returns / Certificate under Income Tax 7 July 2018 –Due date for deposit of Tax deducted/collected for the month of June, 2018. However, all sum deducted/collected by an office of the government shall… Read More »
Ministry of Labour & Employment Many Key Decision taken in 222nd Meeting of the Central Board of Trustees, EPF Posted On: 27 JUN 2018 12:28PM by PIB Delhi The 222nd meeting of the Central Board of Trustees, EPF was held yesterday under the chairmanship of Union Minister of State for Labour & Employment (Independent Charge) Shri Santosh… Read More »
The AO could not have any reasons to believe that income had escaped assessment when the very basis of its belief, being the assessment order of a subsequent year, had been reversed by the ITAT before the recording of reasons by the AO. IN THE ITAT CHANDIGARH BENCH ‘A’ Deputy Commissioner of Income-tax, Chandigarh v.… Read More »
Indian subsidiary not permanent establishment under India-Saudi Arabia income tax treaty: The Authority for Advance Rulings (AAR) found that the Indian subsidiary did not constitute a fixed place permanent establishment (PE) in India under Article 5(1) of the India-Saudi Arabia income tax treaty because the taxpayer (applicant) was not carrying on its main business from… Read More »
India-United States income tax treaty benefits apply without tax residency certificate: The Ahmedabad Bench of the Income-tax Appellate Tribunal held that the taxpayer cannot be denied benefits under the India-United States income tax treaty because it has not furnished a tax residency. However, the taxpayer must satisfy eligibility for the tax treaty benefit, and it… Read More »
Natural gas and jet fuel may come under GST in next Council on 28th GST Council meeting to be covened through Video Conferencing on 21st July 2018 (Saturday) Petrol and diesel prices will continue to burn a hole in your pocket as the government has no immediate plan to include it under the GST net. GST… Read More »
HIGH COURT OF ALLAHABAD Akash Traders v. State of U.P BHARATI SAPRU AND NEERAJ TIWARI, JJ. WRIT TAX NO. 7 OF 2018 JANUARY 8, 2018 Praveen Kumar and Hitashu Kataria Anand for the Petitioner. ORDER 1. Heard Shri Praveen Kumar, learned counsel for the petitioner and Shri C.B. Tripathi, learned Standing Counsel for the respondent. 2. This writ petition has been… Read More »
Ministry of Health and Family Welfare Oxytocin formulations ban to come into effect from 1st July 2018 KAPL to manufacture the drug for domestic use only Posted On: 27 JUN 2018 11:22AM by PIB Delhi The Ministry of Health and Family Welfare has restricted the manufacture of Oxytocin formulations for domestic use to public sector… Read More »
New GST News 27.06.2018 [ Join online GST Course by CA Satbir Singh ] New GST News Employee contracts: Companies getting notices for GST payment TDS/TCS under GST and Reverse charge mechanism deferred by 3 months All Advance Ruling Judgments hosted on GST Council website GST Notice for transferring personal ledger accounts (PLAs) Balance to… Read More »