Daily Archives: August 27, 2018

 GST Applicability if material shortage in transit

By | August 27, 2018

 GST Applicability if material shortage in transit Video Tutorial Explanation by CA Satbir Singh in Hindi Transporter account is debited for deficiency in providing transportation service like material shortage in transit and debit Note is issued to tranporter. In this case supplier does not issue credit note. Whether these types of debit notes are liable to… Read More »

Will GST apply if Buyer and Sellers in Foreign Country but Commission paid in India

By | August 27, 2018

Buyer and Sellers in Foreign Country but Commission paid in India we are online business website and residing in India. My website is accessed by foreign buyer and seller (not indian buyer/seller). Payment is directly made by foreign buyer to foreign seller through “paypall” who after retaining his services fees remit to seller. we are receiving… Read More »

Category: GST

Reassessment invalid if not proved that advance received was undisclosed income : ITAT

By | August 27, 2018

mere fact that the assessee had received this advance does not imply, or even suggest, that it constitutes an income which has escaped assessment. IN THE ITAT DELHI BENCH ‘A’ Anil Laul v. Income-tax Officer, Ward 38 (1), New Delhi PRAMOD KUMAR, ACCOUNTANT MEMBER AND SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER IT APPEAL NO. 566 (DELHI) OF 2011… Read More »

CBDT mandates ‘e-proceeding’ in majority of cases during FY 2018-19 : CBDT Instruction No 3/2018

By | August 27, 2018

 CBDT mandates ‘e-proceeding’ in majority of cases during FY 2018-19 The Central Board of Direct Taxes has directed that assessment proceedings during the year 2018-19 shall be conducted electronically through e-proceeding facility in all cases where assessment is required to be framed under section 143(3) during the year 2018-19. It also list down 7 exceptions… Read More »

CBDT Guidelines for manual selection of Income Tax returns for scrutiny for FY 2018-19

By | August 27, 2018

The Central Board of Direct Taxes (CBDT) has laid down guidelines for manual selection of returns for scrutiny assessment during the Financial Year 2018-19. The guidelines are almost similar to procedure issued last year for selection of scrutiny cases during the Financial Year 2017-18. Download Instruction No 4/2018 Income Tax