UDIN : 42 FAQs for Chartered Accountant Certificate

By | February 13, 2019

Share this on WhatsApp UDIN for Chartered Accountant Certificate what will be format of Format of UDIN The “Generate UDIN” option will generate the 18- digits UDIN (YY MMMMMM AANNNAANNN) will comprise of: YY – Last 2 digits of the Current Year MMMMMM – ICAI’s Membership No. (6 Digits) AANNNAANNN –Alpha-numeric generated randomly by the… Read More »

Taxation of Digital Businesses in India

By | February 12, 2019

Share this on WhatsAppMinistry of Finance Taxation of Digital Businesses Posted On: 12 FEB 2019 The Government has not held any consultation regarding taxation of digital businesses as such. However, to address the challenges posed by the enterprises who conduct their business through digital means and carry-out activities in the country remotely, the following measures… Read More »

Help desk of UDIN for CA certificate

By | February 12, 2019

Share this on WhatsAppUDIN is mandatory for all Certificates w.e.f. 1st February., 2019. Members can submit their query online on the help desk tab on Menu bar available at https://udin.icai.org or can email at udin@icai.in. Members can alternatively call at 011-30110411/480. In case of emergency, please speak with Mr. Vishal Agarwal at 9911539260 Share this on WhatsApp

Goods can not be released under GST by simple bond : HC

By | February 12, 2019

Share this on WhatsAppHIGH COURT OF KERALA State Tax Officer v. Kerala Gujarat Cargo Express A. MUHAMED MUSTAQUE AND ASHOK MENON, JJ. W.A. NO. 969 OF 2018 WPC NO. 15489 OF 2018 MAY  15, 2018  P.R. Ajithkumar for the Respondent. JUDGMENT A. Muhamed Mustaque, J. – The State has come up on appeal challenging the interim order passed by the Single Bench… Read More »

Notify Commissioner (Appeals) for GST of Himachal Pradesh : HC

By | February 12, 2019

Share this on WhatsAppHIGH COURT OF HIMACHAL PRADESH Scottt Edil Pharmacia Ltd. v. Assistant Commissioner, State Taxes & Excise JUSTICE SURYA KANT, CJ. AND AJAY MOHAN GOEL, J. CWP NO. 2970 OF 2018 DECEMBER  17, 2018  Vishal Mohan and Praveen Sharma, Advs. for the Petitioner. Ajay Vaidya, Sr. Addl. Advocate General for the Respondent. ORDER Justice Surya Kant, Chief Justice – The petitioner assails… Read More »

Seized Goods can be released by any of the 3 option in Section 129(1) of CGST Act : HC

By | February 12, 2019

Share this on WhatsAppHIGH COURT OF ALLAHABAD Reliance Industries Ltd. v. State of U.P. RAJAN ROY AND RAJESH SINGH CHAUHAN, JJ. MISC. BENCH NO. 31799 OF 2017 FEBRUARY  6, 2018  Aditya Pandey, Bipin Kumar Pandey and Vaibhav Pandey for the Petitioner. ORDER 1. Heard. The petitioners have approached this Court against the order of the seizure dated 05.12.2017 passed by the proper… Read More »

Free book on E-way Bill under GST by ICAI : Download

By | February 12, 2019

Share this on WhatsApp E-publication on E-way Bill under GST Transportation of Goods in India has been made more efficient by introduction of E-Way Bill under GST. E-way bill is an electronic permit or electronic generated document required for the movement of goods valuing over a prescribed threshold limit, from one place to another place… Read More »

Admissibility of deduction under section 80TTB : CBDT Clarified via CIRCULAR NO.1 OF 2019

By | February 11, 2019

Share this on WhatsApp Admissibility of deduction under section 80TTB F.No. 275/19212018-IT (8) Government of India Ministry of Finance Central Board of Direct Taxes North Block, New Delhi 8th February, 2019 CORRIGENDUM TO CIRCULAR NO.1 OF 2019 DATED 01 .01 .2019 Sub: Income-Tax Deduction from Salaries during the Financial Year 2018-19 under Section 192 of… Read More »

Recredit of Rejected GST Refund Claim to Electronic Credit Ledger

By | February 11, 2019

Share this on WhatsAppRecredit of Rejected GST Refund Claim to Credit Ledger रिजेक्टेड रिफंड क्लेम का री-क्रेडिट Circular No 59/33/2018 GST Dated 4th Sep 2018 4. Re-credit of electronic credit ledger in case of rejection of refund claim: 4.1 In case of rejection of claim for refund of unutilized input tax credit on account of ineligibility… Read More »

No Bail under GST if threatened to witnesses : Delhi HC

By | February 11, 2019

Share this on WhatsAppHIGH COURT OF DELHI Rajesh Jindal v. Commissioner of Central Tax GST, Delhi ANUP JAIRAM BHAMBHANI, J. BAIL APPLN. NO. 3086 OF 2018 CRL.M.(BAIL) NO. 2003 OF 2018 CRL. M.A. NO. 50762 OF 2018 DECEMBER  28, 2018  ORDER BAIL APPL.No. 3086/2018 & CRL.M.(BAIL) No. 2003/2018 1. Pursuant to the last order dated 24.12.2018, the respondent… Read More »

Property is acquired when allotment letter is issued for section 54/54F: HC

By | February 10, 2019

Share this on WhatsApp  HIGH COURT OF BOMBAY Principal Commissioner of Income-tax v. Vembu Vaidyanathan AKIL KURESHI AND M. S. SANKLECHA, JJ. IT APPEAL NO. 1459 OF 2016 JANUARY  22, 2019  Sham Walve for the Appellant. Dr. K. Shivram, Sr. Counsel and Rahul Hakani for the Respondent. JUDGMENT P.C.- This appeal is filed by the revenue to challenge the judgment of Income Tax… Read More »

Indefinitely Sealing of business premises under GST is illegal : HC

By | February 10, 2019

Share this on WhatsAppHIGH COURT OF DELHI Napin Impex (P.) Ltd. v. Commissioner of DGST, Delhi S. RAVINDRA BHAT AND A.K. CHAWLA, JJ. W.P. (C) NO. 10287 OF 2018 SEPTEMBER  28, 2018  Surendra Kumar and A.K. Babbar, Advs. for the Petitioner. Gautam Narayan, ASC, GNCTD for the Respondent. ORDER 1. Issue notice to the respondents. 2. Mr. Gautam Narayan, Additional Standing Counsel accepts notice… Read More »

GST Demand should not be recovered if stay application filed in Appeal : HC

By | February 10, 2019

Share this on WhatsAppHIGH COURT OF KERALA Hotel Harisree, Kilikolloor v. Assistant Commissioner (Assessment) DAMA SESHADRI NAIDU, J. W.P. (C) NO. 37273 OF 2018 NOVEMBER  16, 2018  Bobby John, Adv. for the Petitioner. Smt. M.M. Jasmine, GP for the Respondent. JUDGMENT 1. The petitioner, a registered dealer under the KGST Act on the rolls of the 1st respondent, questioned the… Read More »

No GST Exemption to supply of goods to Duty-Free Shops (DFSs) at international Airports in India : High Court

By | February 10, 2019

Share this on WhatsAppHIGH COURT OF MADHYA PRADESH Vasu Clothing (P.) Ltd. v. Union of IndiaS.C. SHARMA AND VIRENDER SINGH, JJ. WRIT PETITION NO. 17999 OF 2018 DECEMBER  17, 2018  Vikram Nankani, Sr. Standing Counsel, Raktim Gogoi, Alok Barthwal, Kartikeya Singh and Varun Saluja, Ld. Counsel for the Petitioner. Prasanna Prasad, Ld. Counsel for the Respondent. ORDER 1. The petitioner before this Court is a Private… Read More »

Revised List of Inadmissible Input Tax Credits (ITC) Under GST from 01.02.2019

By | February 9, 2019

Share this on WhatsAppInadmissible Input Tax Credits (ITC) Under GST Section 17(5) of CGST Act 2017 has been amended by CGST (Amendment) Act 2018. Below is the summary of Inadmissible / Blocked Input Tax credits under GST Act, as per amended Section 17(5): Summary of Inadmissible / Blocked Input Tax credits under GST Clause ITC not available on Exceptions… Read More »

What is the Life of GST Input Tax Credit 

By | February 9, 2019

Share this on WhatsApp What is the Life of GST Input Tax Credit   What is the Time limit to avail the Input  Tax Credit ? A registered person is not entitled to avail input tax credit on tax invoice/ debit notes after the due date of furnishing of the return under section 39 for the month… Read More »