Alert for Input Service Distributors (ISDs), for data in SAVE stage in their Form GSTR 6 11/04/2020 Changes are being made in the credit utilization criteria in Form GSTR-6, filed by Input Service Distributors (ISDs). These changes are likely to be implemented on the GST portal with effect from 14.04.2020. During the implementation of this… Read More »
Ministry of Corporate Affairs MCA’s Frequently Asked Questions on eligibility of CSR expenditure related to COVID-19 activities Posted On: 11 APR 2020 7:07PM by PIB Delhi The Ministry of Corporate Affairs (MCA) has been receiving several references/ representations from various stakeholders seeking clarifications on eligibility of CSR expenditure related to COVID-19 activities. In this regard,… Read More »
Instruction No 2/1/2020 GST : Pending GST Refund immediate processing Instruction No 2/1/2020 GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, Dated the 9th April, 2020 To All Principal Chief Commissioners/ Chief Commissioners of Central Tax & GST All Principal Chief… Read More »
GST Order for Seized Goods to be passed after taking reply from Assessee GST Order HIGH COURT OF GUJARAT AVH Corporation v. State of Gujarat J.B. PARDIWALA AND BHARGAV D. KARIA, JJ. R/SPECIAL CIVIL APPLICATION NOS. 21615 TO 21617 OF 2019 JANUARY 6, 2020 Bharat T. Rao for the Petitioner. Chintan Dave AGP for the Respondent. ORDER J.B. Pardiwala, J. – Since… Read More »
AO to check whether society had license to do banking business for Section 80P Claim IN THE ITAT CHANDIGARH BENCH ‘A’ Co-operative House Building Society Ltd. v. Deputy Commissioner of Income-tax SMT. DIVA SINGH, JUDICIAL MEMBER AND SMT. ANNAPURNA GUPTA, ACCOUNTANT MEMBER IT APPEAL NOS. 1006 (CHD.) OF 2017 & 1598 (CHD.) OF 2018 [ASSESSMENT YEARS… Read More »
No Reassessment if assessee disclosed material facts in ITR :HC HIGH COURT OF GUJARAT Jivraj Tea Ltd. v. Assistant Commissioner of Income-tax, Circle 1(1)(2) J.B. PARDIWALA AND BHARGAV D. KARIA, JJ. R/SPECIAL CIVIL APPLICATION NO. 20820 OF 2018 JANUARY 27, 2020 Hardik V. Vora for the Petitioner. Mrs. Kalpanak Raval for the Respondent. ORDER J.B. Pardiwala, J. – Rule returnable forthwith.… Read More »
Section 68 Addition if Creditor has sufficient Funds in Bank Accounts The assessee had discharged its onus of proving identity of the creditors, genuineness of the transactions and credit-worthiness of the creditors which finding of fact stood affirmed by the Tribunal. HIGH COURT OF BOMBAY Principal Commissioner of Income-tax-1 v. Ami Industries (India) (P.) Ltd.… Read More »
Govt Circulars not binding upon Courts “It is well settled proposition of law that Circulars and instructions issued by the Central Board of Excise and Customs are no doubt binding in law on the authorities under the respective Statutes but when this Court or the High Court declares the law on the question arising for… Read More »
TDS if export freight to shipping agent HIGH COURT OF GUJARAT Principal Commissioner of Income-tax-14 v. Summit India Water Treatment and Services Ltd. J.B. PARDIWALA AND BHARGAV D. KARIA, JJ. R/TAX APPEAL NO. 830 OF 2019 FEBRUARY 3, 2020 Mrs. Mauna M. Bhatt for the Appellant. ORDER Bhargav D. Karia, J. – This Tax Appeal is filed at the… Read More »
Save Income Tax for FY-2020 21 I File Form 12BB I CA Satbir Singh