GST Officer Denial of copies of seized documents by GST Officer is violation of GST Rules HIGH COURT OF KERALA Mozart Global Furniture v. State Tax Officer (Intelligence), Nilambur A.K. JAYASANKARAN NAMBIAR, J. WP (C) NOS. 34457, 34470, 34494, 34505, 34531, 34560 & 34451 OF 2019 DECEMBER 17, 2019 Harisankar V. Menon, Smt. Meera V. Menon and Smt.… Read More »
GSTN Advisory for Composition Taxpayer FY 2020-21 I CA Satbir Singh Advisory on Opting-in for Composition Scheme for 2020-21 – Extension of Dates in view of COVID-19 pandemic 07/04/2020 A.Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for opting for composition scheme by normal taxpayers, for the financial year 2020-21.… Read More »
New GST Return Due dates Feb to May 2020 Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings. These are notified in Notifications 30/2020 to 36/2020 dated 03.04.2020. Circular No. 136/06/2020-GST dated 3rd April, 2020 has been issued. 1. Normal Taxpayers filing Form GSTR-3B a.Taxpayers having aggregate turnover > Rs. 5 Cr.… Read More »
GST and Income Tax Updates New TDS and TCS Rates from 14.05.2020 for FY 2020-21 What is TDS on Contractor I Income Tax and GST I CA Satbir Singh Big Change in Income Tax TDS I Applicability I From FY 2020-21 I CA Satbir Singh CBDT Deferred New Registration procedure for Charitable and certain entities… Read More »
Subsidy and Its taxability in Income Tax Clarified by ITAT The Court is of the opinion that the amount was received as capital stream and therefore, not taxable. Central Government gave the subsidy to enhance indian export potential in the international market. It was not granted to meet the cost of expenditure to meet the… Read More »
New GST Due Dates I Interest I Late Fees I ITC I Feb 2020 to May 2020 I CA Satbir Singh New GST Due Dates for February 2020 March 2020 April 2020 May 2020 Input Tax Credit Claim Only 10% of the eligible Input tax credit to be availed by a registered person in respect… Read More »
HIGH COURT OF ALLAHABAD Skipper Ltd. v. Union of India BISWANATH SOMADDER AND AJAY BHANOT, JJ. WRIT TAX NO. 344 OF 2018 FEBRUARY 7, 2020 Aloke Kumar for the Petitioner. Anant Kumar Tiwari, for the Respondent. ORDER 1. The order dated 4th December, 2019 issued by the Assistant Commissioner (Incharge) Commercial Tax, Mobile Squad Mughalsarai Unit, Chandauli is taken inim… Read More »
However, we have seen that the assessee has either purchased demand drafts or remitted the amount into treasury. Hence we are of the view that the genuineness of these expenses cannot be doubted with. Accordingly, we set aside the order passed by Ld CIT(A) on this addition and direct the AO to delete the disallowance of Rs.… Read More »
IGST on importer on Ocean Freight are ultra vires to the IGST Act: HC No tax is leviable under the Integrated Goods and Services Tax Act, 2017 on ocean freight for services supplied by a person located in non-taxable territory by way of transportation of goods by a vessel from a place outside India up… Read More »
Due to outbreak of COVID-19, there is severe disruption in the normal banking working of almost all sectors of economy. Thus, the CBDT has clarified that if a person had submitted Form 15G and 15H for FY 2019-20 to banks and other institutions then these forms will be valid up to 30.06.2020 for FY 2020-21… Read More »