"10 June 2017" Archive

Implementation of Goods and Services Tax (GST) in Jammu & Kashmir- Constitutional Road Map

Newly inserted Article 246A(1) in the Constitution of India (‘the Constitution’), effective from 16-09-2016 gives concurrent power to the Centre and the State to levy GST on the supply of goods and services, subject to clause (2) which gives exclusive power to the Centre to levy GST on the inter-state supply of goods and services. ...

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DGFT creates GST Facilitation Cell for exporters

DGFT has constituted a GST facilitation cell in DGFT Headquarters to assist and advice exporters , trade and industry for smooth transition from present regime to GST regime w.e.f. 1st July 2017....

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AADHAR CARD– PAN Linking, Supreme Court Decision & Way forward

Section 139AA of the Income-tax Act, 1961 as introduced by the Finance Act, 2017 provides for mandatory quoting of Aadhar / Enrolment ID of Aadhar application form, for a) making an application for allotment of Permanent Account Number and b) filing of return of income with effect from 1st July, 2017....

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Rent-Free Accommodation cannot be taxed if Salary is NIL

ITO Vs Sri Raghu Nandan Modi (ITAT Kolkata)

As the assessee was not drawing any salary from POL then in our considered view the perquisites cannot be determined in terms of the provision of Sec. 17(2) r.w.r. 3 of the Rules. ...

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Exemption to State Cricket Association cannot be denied for providing stadium to conduct matches

DCIT (Exemptions) Vs M/s Tamil Nadu Cricket Association, (ITAT Chennai)

Whether the activity of conducting one-day matches'T-20 matches and Indian Premier League matches by Tamil Nadu Cricket Association would amount to doing business or trade? ...

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Waste Management- An enriching CSR opportunity for Corporate India

Schedule VII of Companies Act, 2013 (Ni/l/)

Rapid urbanizationis one of the major factor in which our country is facing a massive waste management challenge today. India suffers from inadequate waste infrastructure and a tremendous increase in solid waste generation per capita. Segregation of waste at source and resource recovery is the key to well- established waste management pra...

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Credit Transfer Document under GST

11 (1//)

There is good news for the traders selling items of value exceeding Rs. 25,000/- per piece, which are sold under the brand name of the manufacturer / principal manufacturer and where such items are identifiable as a distinct number such as chassis of a car etc....

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GSTN to Assess Readiness for GST roll-out from 01st July

GSTN holds a Review Meeting with GST Suvidha Providers (GSPs) to Assess Readiness for GST roll-out from 01st July, 2017; GSPs advised to continue to visit the GSP ecosystem webpage on the GSTN website (www.gstn.org/ecosystem) for all information, latest updates and guidelines. ...

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Official Liquidator can file claim within a period of 4 years from winding up order date

O.A. Antony Vs. Chandini Chits (P.) Ltd. (Kerala High Court)

Official Liquidator (OL) could file claim within a period of four years from the date of winding up order, by taking the benefit of one year period immediately following the date of the winding up order, as provided under section 458A of the Act and the three years period provided under Article 137 of the Limitation Act....

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Yoga- the best App for Life

Yoga is the way to realize the ultimate truth referred to in Vedanta and universal energy field in Quantum physics. The sublime and imperceptible truth of Vedanta is made more concrete through Yoga. It is the launching pad for one’s journey into inner space....

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