Monthly Archives: February 2019

No Reassessment if ITR not filed due to Loss from trading in Commodity Exchange :HC

By | February 26, 2019

  HIGH COURT OF BOMBAY Mohanlal Champalal Jain v. Income Tax Officer, Ward 1(2), Thane AKIL KURESHI AND M. S. SANKLECHA, JJ. WRIT PETITION NO. 3629 OF 2018 JANUARY  31, 2019 Devendra H. Jain for the Petitioner. Sham Walve for the Respondent. ORDER 1. The petitioner has challenged a notice of reopening of assessment dated 28.3.2018 issued by respondent No.… Read More »

Allow TRAN 2 to be revised electronically or manually : HC

By | February 26, 2019

Calcutta High Court Optival Health Solutions Pvt Ltd Vs UOI  W.P. No. 18879 (W) of 2018 Dated  07/02/2019 The petitioners have sought for a direction upon the respondents to allow them to revise/rectify their Form GST TRAN 2 electronically or manually. Learned Advocate for the petitioners has submitted that, the first petitioner had obtained registration under… Read More »

4 easy Ways to link PAN with Aadhaar : Last Date is 31st March 2019

By | February 26, 2019

As it is confirmed that no one can file their income tax returns from next year without linking their Permanent Account Number ( PAN ) with Aadhaar card, the taxpayers who have not done the same can do it till 31st March 2019. Recently, the Central Board of Direct Taxes (CBDT) has announced March 31,… Read More »

GST State Code List (India)

By | February 25, 2019

GST State Code List State code list under GST State 01 Jammu & Kashmir 02 Himachal Pradesh 03 Punjab 04 Chandigarh 05 Uttarakhand 06 Haryana 07 Delhi 08 Rajasthan 09 Uttar Pradesh 10 Bihar 11 Sikkim 12 Arunachal Pradesh 13 Nagaland 14 Manipur 15 Mizoram 16 Tripura 17 Meghalaya 18 Assam 19 West Bengal 20… Read More »

File E-Form ACTIVE (Active Company Tagging Identities and Verification) on or before 25.04.2019 :ICAI

By | February 25, 2019

Institute of Chartered Accountants of India ANNOUNCEMENT Sub: Any company incorporated on or before the 31.12.17 shall file the particulars of the company and its Registered Office, in E-Form ACTIVE (Active Company Tagging Identities and Verification) on or before 25.04.19 to enable common public to be aware of KYC (Know Your Company) status of the… Read More »

New Update on GST Portal 25.02.2019

By | February 25, 2019

New Update on GST Portal 25.02.2019 जीएसटी पोर्टल पर नई अपडेट GST Portal Update for GST Officers Tax Officers can—- • Download documents attached with refund application RFD-01A • See GSTR-2A • See ITC-04 on goods sent for job work • MIS report on Nil return filers – for a month as well as for… Read More »

How to Apply DIN (Director Identification Number)

By | February 25, 2019

Apply For DIN The concept of a Director Identification Number (DIN) has been introduced for the first time with the insertion of Sections 266A to 266G of Companies (Amendment) Act, 2006. As such, all the existing and intending Directors have to obtain DIN within the prescribed time-frame as notified. What is Director Identification Number (DIN)?… Read More »

E- Commerce Export Through Post and Personal Import Clarified : CIRCULAR NO.14/2018-CUSTOMS Date 4.6.2018

By | February 25, 2019

PROCEDURE FOR E-COMMERCE EXPORTS THROUGH POST AND CLARIFICATION ON PERSONAL IMPORTS CIRCULAR NO.14/2018-CUSTOMS [F.NO..476/02/2016-LC], DATED 4-6-2018 In order to facilitate exports and specifically give a fillip to the global outreach of India’s exporters via e-commerce (more so to the small & medium enterprises), all IEC holders have been permitted to export goods through FPOs. Any IEC holder exporting goods through the FPO, will be eligible for… Read More »

No Advance ruling on question already pending in any other proceeding under the GST: AAR

By | February 25, 2019

AUTHORITY FOR ADVANCE RULINGS, WEST BENGAL Ashok Rubber Industries, In re SYDNEY D’ SILVA AND PARTHA SARATHI DEY, MEMBER ORDER NO. 26/WBAAR/2018-19 DECEMBER  21, 2018  Nitin Shah, Authorized Representative for the Applicant. ORDER 1. The Applicant, stated to be a manufacturer of rice polisher made of flexible and elastic rubber, seeks a ruling on classification of the goods. Advance Ruling… Read More »