"23 June 2017" Archive

Tamil Nadu Goods and Services Tax Act, 2017

ACT No. 19 OF 2017 (23/05/2017)

An Act to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the State of Tamil Nadu and the matters connected therewith or incidental thereto. BE it enacted by the Legislative Assembly of the State of Tamil Nadu in the Sixty-eighth Year of the Republic of India as follows...

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Reopening of GST Portal for Migration and New Registration

Trade Circular No. 21T of 2017 (23/06/2017)

Reopening of GST Portal for Migration of existing taxpayers and New Registration under GST Act and availability of GST Registration and Migration services through Aaple Sarkar's Service Centers...

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Salary Exemption to Non-Resident for services rendered outside India

Sudhanshu Mohapatra Vs. DCIT (International Taxation)-2(1) (ITAT Kolkata)

Brief facts of the case are that the assessee is an individual and derives his income from salary and other sources. The assessee claiming himself as non-resident filed his return declaring total income at Rs. Nil. Under scrutiny, notices u/s. 143(2) and 142(1) of the Act were issued. ...

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Revised format of Issue of notices U/s. 143(2) of Income-tax Act, 1961

Notification No. F.No. 225/157/2017/ITA.II-Income Tax (23/06/2017)

The three formats of notice(s) are: Limited Scrutiny (Computer Aided Scrutiny Selection}, Complete Scrutiny (Computer Aided Scrutiny Selection), Compulsory Manual Scrutiny The revised format of 143(2) notice(s) with a note on benefits & Procedures of' E-Proceeding' facility are enclosed for information of the field authorities....

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Registration under Maharashtra Goods and Services Tax Act, 2017.

Trade Circular No. 22. T of 2017 (23/06/2017)

The Maharashtra Goods and Services Tax Act, 2017 (Mah. XLIII of 2017) (hereinafter referred to as MGST Act) is published in the Official Gazette dated 15th June 2017. Further, vide Notification cited at Ref. (2) above sections pertaining to the registration i.e. section 22 to section 30 have come into force with effect from 22nd June 2017...

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Maharashtra GST Rules, 2017 with regards to Registration & Composition

Trade Cir. No. 23T of 2017 (23/06/2017)

You are well aware that the Maharashtra Goods and Services Tax Act, 2017 (Mah. XLIII of 2017) is published in Official Gazette dated 15th June 2017. Maharashtra Goods and Services Tax Act, 2017 is poised to be implemented with effect from 1st July 2017....

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Expense on PF in respect of Contractual Labors is allowable

M/s. Ratilal Bhagwandas Construction Co. Pvt. Ltd. Vs ITO (OSD) (ITAT Pune)

Assessee is not in a position to recover the amounts paid as provident fund contribution for the respective contract laborers, or considering the business exigencies when the Assessee bears the expenses on account of Provident Fund contribution, then whether in such a situation the expenses can be disallowed? ...

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Mechanical Approval to Assessment order by Addl CIT u/s 153D is bad in law

AAA Paper Marketing Ltd. Vs. ACIT, Central Circle- I (ITAT Lucknow)

1. It is amply clear that in the case in hand the ACIT observed that the mechanical approval had to be accorded as there is hardly any time left for any discussion or consideration much less meaningful discussion including the fact that absolutely no time available for any further inquiry or investigation because of the […]...

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Benefits of LLP

It is very easy to form LLP, as the process is very simple as compared to Companies and does not involve much formality. Moreover, in terms of cost the minimum fees of incorporation is as low as Rs 800 and maximum is Rs 5600....

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ICAI invites EOI for software relevant to Practitioners & CA Firms

Invitation for Expression of interest (EOI) from software development companies for providing software relevant to the Practitioners & CA Firms of ICAI by July 31, 2017...

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