GST Council Newsletter
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Monthly Archives: May 2019
2nd Edition GST Council News Letter May 2019
2nd Edition GST Council News Letter May 2019 Download 2nd Edition GST Council News Letter May 2019 Click here Refer Also ICAI GST E Newsletter issued till date ICSI GST Newsletters GST Council Newsletter GST Exam MCQ
How to file Application for Compounding of Offence ( GST CPD 1 ) on GST Portal
Filing Application for Compounding of Offence (FORM GST CPD 1) FAQs > Filing Application for Compounding of Offence (Form GST CPD-01) and Taking Actions in the Subsequent Proceedings 1. What is Form GST CPD-01? Form GST CPD-01 is Application for Compounding of Offence. Any Taxpayer can file this application in the following two cases: Prosecution… Read More »
Home office deduction benefits eligible small business owners : IRS
Home office deduction benefits eligible small business owners Small business owners may qualify for a home office deduction Click here that will help them save money on their taxes, and benefit their bottom line. Taxpayers can take this deduction if they use a portion of their home exclusively, and on a regular basis, for any of… Read More »
Mistake committed by Advocate is a reasonable cause to condone delay in filing Appeal : ITAT
T ITAT Jodhpur Mahnoo Khan Vs ITO Appeal Number : ITA No. 17/Jodh/2019 Order : 03/05/2019 Related Assessment Year : 2012-13 The appeal by the assessee is directed against the order dated 17.12.2018 of the CIT(A)-3, Jaipur. 2. Following grounds have been raised in this appeal :- 1. That the order passed by the Commissioner… Read More »
Limit for holding Gold Jewellery under Income Tax
Limit for holding Gold Jewellery under Income Tax SECTION 132 OF THE INCOME-TAX ACT, 1961 – SEARCH & SEIZURE – GENERAL – CLARIFICATIONS WITH RESPECT TO GOLD JEWELLERY UNDER INCOME TAX LAW PRESS RELEASE, DATED 1-12-2016 In order to remove any doubt about the current position of Income Tax Law with respect to gold jewellery, the following points are categorically clarified: ♦ There is no limit on holding of gold jewellery or ornaments… Read More »
[Video ]Cash Receipt Limit in Income Tax w.e.f 01.04.2017 :section 269ST : News [ Part 16] : TaxHeal.com
Cash Receipt Limit in Income Tax w.e.f 01.04.2017 :section 269ST : News [ Part 16] : TaxHeal.com Limit &; Penalty on Cash Transaction w.e.f 01.04.2017 -Income Tax ( India) Section 269ST ; Cash Receipt Rs 2 Lakh or more Banned w.e.f 01.04.2017
No GST on supply from ‘ Duty Free’ shops : Allahabad High Court
The division bench of the Allahabad High Court has held that, Goods and Services Tax ( GST ) not leviable on duty free shops. The petitioner Mr. Atin Krishna submitted that due to the misinterpretation of the provisions of CGST/SGST/IGST Acts, the public exchequer is being made to suffer huge financial loss and therefore, it… Read More »
E-book on “ Quick Insights on Professional Opportunities For Chartered Accountants ”
E-book on “Quick Insights on Professional Opportunities For Chartered Accountants” By ICAI We are pleased to inform that with an aim to provide heightened focus of Chartered Accountants who are in Practice on various emerging Professional Opportunities such as RERA, Ind AS, Companies Act, 2013, Artificial Intelligence, Blockchain, Cyber Security and Data Analytics (ABCD of… Read More »
Section 54F relief can not be denied as Taxpayer is Co-owner of property and not absolute owner of second house :ITAT
Held Since, the legislature has consciously not amended the provisions of section 54F, it has to be held that the word “own” in Section 54-F would include only the case where a residential house is fully and wholly owned by the assessee and consequently would not include a residential house owned by more than one person. IN THE ITAT MUMBAI BENCH… Read More »