No recovery of Interest for delay in Filing GSTR 3B return unless Notice issue u/s 73 or Sec 74 : HC Due date as reflected in GSTN Portal as “31st March, 2019” for furnishing of GSTR-3B monthly return for the months of February and March, 2018. Interest has been determined without initiating any adjudication process… Read More »
Taxpayer paid fine in lieu of Confiscation , Release Detained Goods and Vehicle : HC Petitioner has already paid the amount of Rs. 1,17,832/, which is more than the amount of fine in lieu of confiscation, in terms of the order of confiscation passed under section 130 of the Central Goods and Service Tax Act,… Read More »
TCS on overseas Tour Package & Foreign Remittance under Income TCS on overseas Tour Package & Foreign Remittance in Income Tax is imposed by Section 206C(1G) of Income Tax by Finance Act 2020 w.e.f 01.10.2020 Commentary on TCS on overseas Tour Package & Foreign Remittance under Income What is section in Income Tax for TCS… Read More »
Circular No 9/2020 Income tax F No. JT(A)/1/2020-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Circular No 9/2020 Income tax FAQs on Direct Tax Vivad se Vishwas Act 2020 Dated 22nd April 2020 Sub.: Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020 – reg.… Read More »
Compensation received for not letting out property taxable under Income from Other sources : ITAT As per the claim of the assesee, the property was not let out, but was under covenent by an option agreement between the parties, as per which the assessee has given an option to the existing tenant of unit No.… Read More »
No Exemption to State Army Wives Welfare Association’ u/s 10(23AA) : HC Exemption under section 10 (23AA) of the Act of 1961 is admissible only on receipt of fund from an establishment of the armed forces of the Union for the welfare of the past and present members of the such forces or their dependents.… Read More »
Indexed Cost on Revalued Land purchased is to be calculated from year of acquisition : HC Held In this case, even though there is no transfer of property by excluding the sale deed, but at the same time, the property has been revalued in accordance with law and capital gains tax also paid on the… Read More »
Goods can’t be detained for without e-way bill if tax already paid at the time of import: HC We are of the view that at the time of detention and seizure of goods or conveyance, the first thing the authorities need to look into closely is the nature of the contravention of the provisions of… Read More »
GST Authority pay IGST refund with interest from date of shipping bill after following due procedure: HC HIGH COURT OF KERALA Akay Flavours & Aromatics (P.) Ltd. v. Central Board of Indirect Taxes & Customs ALEXANDER THOMAS, J. W.P. (C). NO. 29537 OF 2019 (N) JANUARY 20, 2020 John Varghese and A.L. George, for the Petitioner. Thomas Mathew Nellimoottil,… Read More »
PMT 9 Enabled on GST Portal to Transfer wrongly Paid GST to Correct Head I CA Satbir Singh