Section 165A Equalisation levy on e-commerce supply of services. AMENDMENTS TO THE FINANCE ACT, 2016 by Finance act 2020 from 01.04.2020 (ii) in section 164,— (A) after clause (c), the following clause shall be inserted, namely:— ‘(ca) “e-commerce operator” means a non-resident who owns, operates or manages digital or electronic facility or platform for online… Read More »
HC remanded matter to decide genuineness of exp. claimed as demurrages for delay in execution of projects HIGH COURT Estate v. Assistant Commissioner of Income-tax, Circle-1, Bangalore ALOK ARADHE AND RAVI V. HOSMANI IT APPEAL NO.34 OF 2010 JANUARY 10, 2020 A. Shankar and M. Lava, Advs. for the Appellant. K.V. Aravind and Dilip, Advs. for the Respondent. JUDGMENT Alok Aradhe, J. – Mr. A.… Read More »
No reassessment to treat unpaid loan as notional income under section 56 : HC It is clearly discernable that the AO has accepted genuineness of the loan transaction. The reasons are completely silent as to how, and on what basis, material or evidence, the AO has come to the conclusion that the loan transaction was… Read More »
GST Authorities can not seal godown until it had reasons to believe that goods stored were liable for confiscation HIGH COURT OF GUJARAT Anopsinh Kiritsinh Sarvaiya v. State of Gujarat J.B. PARDIWALA AND BHARGAV D. KARIA, JJ. R/SPECIAL CIVIL APPLICATION NO. 2705 OF 2020 FEBRUARY 6, 2020 Ms. Vaibhavi K. Parikh, for the Petitioner. Chintan Dave, Asstt. Government Pleader, for… Read More »
GSTR 4 Filing FY 2019-20 For Composition Taxpayer I CA Satbir Singh GSTR 4 Filing FY 2019-20 For Composition Taxpayer is mandatory. GSTR 4 has to be filed by Composition Taxpayer opting Section 10 of CGST act and paying Tax (3% CGST and 3% SGST) under Notification No. 02/2019-CT (Rate Video Explanation on GSTR 4… Read More »