File FORM GST PMT 09, to transfer/shift the money available in Electronic Cash ledger, between various major and minor heads of GST 27/04/2020 Taxpayers deposit money using challan and the paid amount gets credited in the particular head in the Electronic Cash ledger and the same can be utilized in settling liabilities of that head… Read More »
Stay on Income Tax recovery due to COVID-19 so that salaries could be paid : ITAT Stay on Income Tax IN THE ITAT MUMBAI BENCH Pandhes Infracon (P.) Ltd. v. Assistant Commissioner of Income Tax P.P. BHATT, PRESIDENT AND PRAMOD KUMAR, VICE PRESIDENT SA NO. 184/MUM/2020 [ASSESSMENT YEAR 2010-11] APRIL 24, 2020 Vipul Joshi and Dinkle Hariya for the… Read More »
No Recovery to be made from Bank Account due to Covid 19 if taxpayer set aside Rs 5 lakh : HC There subsists an order dated March 20, 2020 passed by the Hon’ble Supreme Court directing the revenue authorities not to initiate any recovery proceedings during the subsistence of the COVID-19 pandemic. In my view,… Read More »
No Sec 68 Addition for purchases from Unregistered person if identity proved in penalty proceedings : SC the factual basis on which the Officer formed his opinion in the assessment order dated 30.11.2000 (for assessment year 1998-1999), in regard to addition of Rs.2,26,000/- (Rupees two lakhs twenty six thousand only), stands dispelled by the affidavits… Read More »
No Attachment of Bank Account in GST without quantifying Interest liability : HC It is to be noted at this juncture that in both the writ petitions, the respective writ petitioners are not disputing their liability to pay the interest on the delayed payment of tax. On the other hand, they are disputing the quantum… Read More »
GST Exemptions Important Decisions I CA Satbir Singh