Date Extended For GSTR 3B Of July 2018 Ministry of Finance Extension of Last Date for filing GSTR-3B for July, 2018 extended till 24th August, 2018 for all class of taxpayers Posted On: 21 AUG 2018 6:56PM by PIB Delhi The last date for Filing of Return in FORM GSTR-3B for the month of July,… Read More »
GST FAQ’s -3 Q1 by Boby Kumar : yadi shop ka insurance hua hai to kya uska input le sakte hai Answer : yes. you can take ITC. As this is not restricted under Section 17(5) of CGST Act. and Section 16 of GST Act Q2 by Dharmender Saini:I am a registered govt contractor and I worked… Read More »
Register and Track your PAN Card Related Complaint online and Track Status Income Tax Department has started a website namely Sparsh India to help Assessee to Register their complain related to PAN Card applied through NSDL or UTIISL and they can also check the status of their grievance online. Nature of Complain may be any of… Read More »
respondent will not invoke the bank guarantee for three months. HIGH COURT OF KERALA Berger Paints India Ltd. v. State Tax Officer DAMA SESHADRI NAIDU, J. W.P. (C) NO. 23251 OF 2018 JULY 16, 2018 Tomson T. Emmanuel, Adv. for the Petitioner. Smt. Thushara, Govt. Pleader, Rajesh B., Lal K. Joseph and Sreelal N. Warrier, SC for the Respondent. JUDGMENT 1. The petitioner, a… Read More »
once the petitioner provides the bank guarantee for the tax and penalty and bond for the value of goods, under Rule 140 of the Rules, it will have the goods provisionally released. HIGH COURT OF KERALA Garuda Timber Traders v. Assistant State Tax Officer DAMA SESHADRI NAIDU, J. W.P. (C) NO. 26848 OF 2018 AUGUST… Read More »
Claim of Input Tax Credit of missed Invoice in Annual Return Explanation of GST ITC Claim in Hindi by CA Satbir singh I have not availed input tax credit in GSTR 3B on certain invoices in Financial Year 2017-18, my Consultant is saying that instead of claiming input tax credit of FY 2017-18 in the… Read More »
HIGH COURT OF BOMBAY Dharmakumar C. Kapadia v. Assistant Commissioner of Income Tax 19(1) M.S. SANKLECHA AND SANDEEP K. SHINDE, JJ. IT APPEAL NOS. 239 & 241 OF 2016 JUNE 18, 2018 Nitesh Joshi and A.K. Jasani for the Appellant. A.R. Malhotra and N.A. Kazi for the Respondent. JUDGMENT 1. These two Appeals under Section 260-A of the Income-tax Act, 1961 (the Act), challenge the… Read More »
GST FAQs -2 GST FAQs replied by CA Satbir Singh in Live session on 20.08.2018 . Mohit Nijhon : can we download (GSTR 2A in Excel) of whole year in one excel or monthy only Answer : you can Download monthly Mohammed Feroze : when we are doing practical workings,download link of GSTR 2A in Excel is… Read More »
Form 3CA-3CD & Form 3CB-3CD for AY 2018-19 The updated Form 3CA-3CD & Form 3CB-3CD along with Schema is now available for e-Filing on https://www.incometaxindiaefiling.gov.in/. [Refer Notification No.33/2018 dated 20/07/2018]. Also Refer Form 3CD for AY 2018-19 New and Old : Income Tax Audit Report :Download/Print
Circular No 5/2018 F. No. 370149/155/2018-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) New Delhi, Dated 16th August, 2018 Clarification on the immunity provided u/s 270AA of the Income-tax Act, 1961 Section 270AA of the Income-tax Act, 1961 (the Act) inter alia provides that w.e.f. 1 st April,… Read More »
Minimum alternate tax (MAT) credit The Delhi Bench of the Income-tax Appellate Tribunal held that the minimum alternate tax (MAT) credit is allowed inclusive of surcharge and education “cess” (the surcharge levy imposed for various governmental functions including education). The amount of tax includes both components of tax and surcharge. The case is: Consolidated Securities Ltd.… Read More »
Advance knowledge of tax liability is factor in determining penalty The High Court of Delhi dismissed an appeal on the simultaneous levy of penalties, with the court observing that advance knowledge of the tax liability was a factor to consider in determining the penalty liability. Whenever any Tax is not paid intentionally then the penalty… Read More »
Exemption notification to be interpreted strictly The Constitutional Bench (five-judge bench) of the Supreme Court held that: (1) exemption from tax guidance is to be interpreted strictly and the burden to prove its applicability is on the taxpayer; (2) any ambiguity in the exemption guidance must be interpreted in favour of the tax department; and… Read More »
AEO-T1 applications. Circular no. 26/2018 was issued by the customs authority to reflect an intent to “ease” the compliance requirements for AEO-T1, and sets forth a new procedure for processing AEO-T1 applications. Read an report [PDF 682 KB] prepared by the KPMG
CII Index / Cost Inflation Index Base Year 2001-02 This notification of CII Index shall come into force with effect from 1st day of April, 2018 and shall accordingly apply to the assessment year 2018-19 and subsequent years. [ Read CII Index of earlier years i.e from 1981 to 2017 – CII (COST INFLATION INDEX) INCOME… Read More »