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 »
New GST Clarification issued I Rates and Exemptions on Goods & services I CA Satbir Singh
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 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 »
Condonation of Delay in Filing Appeal of Income Tax : New order Condonation of Delay in Filing Appeal of Income Tax : New order The reasons assigned by the assessee for the delay in filing the appeal is that the impugned order dated passed by the Commissioner of Income-tax (Appeals) was delivered to the… Read More »
SUPREME COURT OF INDIA Central Board Of Direct Taxes v. Lakshya Budhiraja SANJAY KISHAN KAUL AND M.M. SUNDRESH, JJ. TRANSFER PETITION (CIVIL) NOS. 1445, 1446 OF 2021 OCTOBER 1, 2021 Soparkar, Dharan Gandhi, Vipul Joshi, S. Sukumaran and Bhupesh Pathak, Advs. for the Appearing Parties. ORDER 1. Learned Additional Solicitor General submits that the Department is having a second look at the matter on… Read More »
New Change on Income Tax Portal I CA Satbir Singh
Resumption of Blocking of E-Way Bill (EWB) generation facility. 04/10/2021 1. The blocking of E way bill generation facility had been temporarily suspended by Government on account of Covid pandemic. In terms of Rule 138 E (a) and (b) of the CGST Rules, 2017, the E Way Bill generation facility of a person is liable… Read More »