New Changes in GST Coming Soon in Returns: Auto-Interest Computation in R-3B/CMP-8/R-5 Negative Liability in GSTR-3B Changes in Comparison Report Refunds: Converting IGST Refund withheld cases at ICEGATE into RFD-01 Refund of Advances paid but supplies not made under development Refund to be Med by the Unregistered person under development Registration: Mandating Aadhaar Authentication… Read More »
Profit from Sale of land held as investment in Books is chargeable as Capital Gains : ITAT IN THE ITAT PUNE BENCH ‘B’ Joint Commissioner of Income-tax (OSD), Circle-7, Pune v. Adrus Estate and Properties LLP INTURI RAMA RAO, ACCOUNTANT MEMBER AND PARTHA SARATHI CHAUDHURY, JUDICIAL MEMBER IT APPEAL NO. 544 (PUN) OF 2018 [ASSESSMENT YEAR… Read More »
Registration of buyer can not be cancelled if seller committed fraud Facts of the case Proper Officer issued show cause notice that “you have claimed ITC (Input Tax Credit) against fake invoices issued by nonexistent supplier”. Thereafter proper officer cancelled taxpayer registration on the ground that “in case, Registration has been obtained by means… Read More »