Service Tax records can be asked even after GST Regime : HC HIGH COURT OF DELHI Aargus Global Logistics (P.) Ltd. v. Union of India VIPIN SANGHI AND SANJEEV NARULA, JJ. W.P.(C) 2580 OF 2020 C.M. NO. 9012 (EXEMPTION) OF 2020 MARCH 6, 2020 G. Saikumar and Ms. Soumya Saikumar, Advs. for the Petitioner. T.P. Singh, Sr. Central Govt. Counsel, Ms. Sonu Bhatnagar,… Read More »
coercive action can be taken against taxpayer if he failed to appear against summons : HC: one of the summonses annexed to the writ petition, being summons dated 26th September, 2019, reveals that the same is for the purpose of enquiry in respect of availment of Input Tax Credit (I.T.C.), summons without receipt of any… Read More »
ICAI Advisory Certain concerns have been raised by members as to whether it is permissible to advertise the services rendered by them, while also mentioning that Professional Fees with regard to individuals engaged in Community service would be charged lesser than what is usually charged by them/ free of charge basis. As the members are… Read More »
GST Composition Scheme with Changes I Complete Details I CA Satbir Singh GST Composition scheme in depth Analysis by CA Satbir singh In this video on ” GST Composition Scheme ” you will learn 1. What is Composition scheme in GST 2.How to Register for GST Composition Scheme ,.How to apply GST Composition scheme,How to… Read More »
Notification No 37/2020 Central Tax Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No 37/2020 Central Tax Seeks to give effect to the provisions of rule 87 (13) and FORM GST PMT-09 of the CGST Rules, 2017. [To be published in the Gazette of India, Extraordinary,… Read More »
Leave Encashment Deduction on Payment basis u/s 43B is constitutional valid : SC SUPREME COURT OF INDIA Union of India v. Exide Industries Ltd. A. M. KHANWILKAR, HEMANT GUPTA AND DINESH MAHESHWARI, JJ. CIVIL APPEAL NO. 3545 OF 2009 APRIL 24, 2020 JUDGMENT A.M. Khanwilkar. J. – In this appeal, the constitutional validity of clause (f) of Section 43B… Read More »
No Tax Exemption if mutual concern principal not existing : SC Purported mutual concern in the present case undertakes a commercial venture wherein contributions are accepted both from the members as well as non-members, as discussed earlier. Moreover, one member is vested with a myriad set of powers to control the functioning and interests of… Read More »
Ministry of Finance Never asked for a report, Inquiry being initiated: CBDT Posted On: 26 APR 2020 i The Central Board of Direct Taxes (CBDT) has said today that there is some report circulating on social media regarding suggestions by a few IRS officers on tackling COVID-19 situation. It is unequivocally stated that CBDT never… Read More »
No Sec 68 Addition of Partners Capital Contribution in Partnership Firm : HC In the case at hand, the partners have shown the agricultural income in their personal returns of the past years which had been accepted by the department as such. The partners are all identifiable and separately assessed to tax. The source of… Read More »
CBIC guidelines for Personal Hearings through video conferencing F.No. 390/Misc/3/2019-JC Government of India Ministry of Finance, Deptt of Revenue Central Board of Indirect Taxes & Customs (Judicial Cell) *** CBIC guidelines New Delhi, dated 27 April 2020 INSTRUCTION 1. All Principal Chief Commissioner/ Chief Commissioner (Customs, CGST & Central Excise) 2. All Principal Commissioner/ Commissioner… Read More »