New GST News 25.08.18 [ Join online GST Course by CA Satbir Singh ] New GST News New Books for GST , Income Tax & Law Practice (Till Aug 2018) Circular No 56/30/2018 GST : Clarification for refund of ITC on fabrics Who Can Sign GST Tax Invoices GST not deposited by Supplier ? GST… Read More »
Circular No 56/30/2018 GST F. No. 354/290/2018-TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit Circular No 56/30/2018 GST **** North Block, New Delhi 24th August, 2018 Clarification on removal of restriction on refund of accumulated Input Tax Credit on fabrics and reversal of accumulated ITC on fabrics upto 31.07.2018 [ Also refer Circular… Read More »
PNB invites online applications for Concurrent Auditors empanelment from CA Firm with minimum 5 years Experience as SBA Concurrent Auditor. Last Date is 20/09/2018 EMPANELMENT OF CA FIRMS FOR CONCURRENT AUDIT ASSIGNMENT Punjab National Bank invites Online applications from practicing ‘Partnership firms of Chartered Accountants in India’ who fulfill the eligibility criteria and are willing… Read More »
Penalty for Late filing of Income Tax Return Now its time to get ready for AY 2018-19 ITR i.e for income earned during 01.04.2017 to 31.03.2018 to avoid penalty of late filing of income tax return. Government has introduced new income tax forms for AY 2018-19. Rules are getting tough day by day or we can… Read More »
the assessing officer made in the impugned addition because in the sale deed appellant was shown as a seller in his individual capacity, PAN number used in the sale deed was that of the individual, sale proceeds were deposited into the appellant’s bank account held in individual capacity In case the property was belonging to… Read More »
The Institute of Chartered Accountant of India (ICAI) has informed that audits conducted under Section 44AD, 44ADA and 44AE of the Income-tax Act, 1961 shall not be taken into account for the purpose of reckoning the “specified number of tax audit assignments” ANNOUNCEMENT Modification in the Council Guidelines No. 1-CA(7)/02/2008 dated 8 th August, 2008… Read More »
Who Can Sign GST Tax Invoices Can a Regular employee signed the Tax Invoice. If the same person not authorized under GST Registration form ? Thus if regular Employee details not added in GST registration form as authorized representative….he can not issue invoices If invoices are signed by the employees of assessee who is not… Read More »
Forgot to verify your ITR ( Income Tax Return) How to apply Condonation of delay What is the time for verification of ITR ? After Filing Income Tax return , person needs to verify ITR V ( Acknowledgement) within 120 days. Verification of return can be done thorugh Online (using Aadhaar one time password) or Electronic… Read More »
New GST News 24.08.18 [ Join online GST Course by CA Satbir Singh ] New GST News New Books for GST , Income Tax & Law Practice (Till Aug 2018) GST not deposited by Supplier ? GST on Forfeited Rental Deposit How to do Correction in GST Tax Invoice Levy of GST on Liquidated Damages… Read More »
Supplier not deposited GST Question from Sushil Paliwal : I am working in Mining Business registered firm. If we purchased old truck for mining work against GST tax invoice in March 18 from registered supplier and we availed all ITC in March 18 but supplier not deposited GST tax and related GST return what provision apply of… Read More »