Income from letting-out building with other facilities in industrial park is taxable as Business Income : High Court

By | October 8, 2021

  Income from letting-out building with other facilities is taxable as Business Income : High Court Authorities erred in treating the business income derived from complex commercial activities of letting out buildings along with the other amenities in an industrial park partly as income from house property and partly as income from other sources  … Read More »

No Detention of new Vehicle if e-way bill not made it is used personal effect : High Court

By | October 8, 2021

HIGH COURT OF KERALA Assistant State Tax Officer (Intelligence), Alappuzha v. VST AND Sons (P.) Ltd. S.V. BHATTI AND BECHU KURIAN THOMAS, JJ. WA NO. 914 OF 2021 JULY  22, 2021 Mohammed Rafiq, Govt. Pleader for the Appellant. A. Kumar, Adv. for the Respondent. JUDGMENT Bechu Kurian Thomas, J. – Respondents in this appeal had filed the writ petition challenging the… Read More »

Category: GST

New Changes in GST Returns , Registration ,Refund ,Miscellaneous

By | October 7, 2021

  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 »

Category: GST

Profit from Sale of land held as investment in Books is chargeable as Capital Gains : ITAT

By | October 7, 2021

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 »

GST Registration of buyer can not be cancelled if seller committed fraud : High Court

By | October 7, 2021

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 »

Circular No 164 /20 /2021-GST : Clarifications regarding applicable GST rates & exemptions on certain services

By | October 6, 2021

Circular No. 164 /20 /2021-GST CBIC-190354/207/2021-TO (TRU-II)-CBEC Government of India Ministry of Finance Department of Revenue (Tax Research Unit) ***** North Block, New Delhi, Dated the 6 th October, 2021 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All), The Principal Director Generals/ Director Generals (All) Madam/Sir, Sub: Clarifications regarding… Read More »

Circular No 163/19/2021-GST : Clarification regarding GST rates & classification (goods) based on the recommendations of the 45th GST Council

By | October 6, 2021

Circular No. 163/19/2021-GST F. No. 190354/206/2021-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) ***** North Block, New Delhi Date: 6 th October, 2021 To, Principal Chief Commissioners/ Principal Director Generals, Chief Commissioners/ Director Generals, Principal Commissioners/ Commissioners of Central Excise & Central Tax(All), Madam/ Sir, Subject: Clarification regarding GST rates… Read More »

Category: GST