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Archive: 21 August 2017

Posts in 21 August 2017

Free Webinar: Analysis of 10 Recent Income Tax Judgments in Favour of Assessee

July 1, 2024 2166 Views 0 comment Print

Join our free webinar on July 7 at 5 PM for insights into 10 recent High Court income tax judgments favoring assessees. Expert analysis by CA Dipak Dama.

31 FAQs on Government Services under GST Regime

August 21, 2017 27240 Views 1 comment Print

Answer: No, all services provided by the Government or a local authority are not exempt from tax. As for instance, services, namely, (i) services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than Government; (ii) services in relation to an aircraft or a vessel, inside or outside the precincts of an airport or a port;

Co-op credit society providing credit facility to non-members not eligible for deduction U/s. 80P

August 21, 2017 4659 Views 0 comment Print

It is noticed by the Assessing Officer, after discussing in detail the activities of the appellant, is that the activities of the appellant are in violations of the provisions of the MACSA under which it is formed. It is pointed out by the Assessing Officer that the assessee is catering to two distinct categories of […]

Penalty u/s 271AAA cannot be levied on undisclosed Income for which AO did not put a specific query to assessee

August 21, 2017 1842 Views 0 comment Print

1. The Revenue is in appeal against the order dated 28th October, 2016 passed by the Income Tax Appellate Tribunal in ITA NO. 476/Del./2014 for Assessment Year (‘AY’) 2010-2011. 2. The question sought to be urged by the Revenue is whether the ITAT erred in law in confirming the order of the Commissioner of Income […]

GST Payment when it will get reflected and what if not reflected

August 21, 2017 35985 Views 1 comment Print

What should a taxpayer do if his GST payments through challan are not reflected in the cash ledger? The taxpayer should raise a grievance on the GST Portal 24 hours after the successful payment communication is made by the Bank to the Taxpayer using the GST PMT-06 form. When will GST payments made through challans […]

India in Fast Motion

August 21, 2017 966 Views 0 comment Print

During the initial years after country’s independence, the Government of the day had three major challenges to meet – managing the massive refugee crises and the consequent re-settlement of lakhs of people; integration of more than 560 princely states into one strong nation

India carves a unique place in space

August 21, 2017 858 Views 0 comment Print

More than 53 summers ago, India had successfully put its first signature on space by launching the US-made ‘Nike-Apache’ two-stage sounding rocket (the first rocket) from Kerala’s obscure fishing hamlet Thumba.

Bombay HC on promotion or Increase in salary in a private Establishment

August 21, 2017 3885 Views 2 comments Print

Promotion or Increase in salary in a private Establishment is a managerial Function and cannot be claimed to be a condition of service in the Absence of any such policy : High court of Bombay

Govt puts restriction on Import of Urad/ Moong dal

August 21, 2017 957 Views 0 comment Print

Import of Urad/ Moong shall be subject to an annual (fiscal year) quota of 3 lakh MT as per procedure to be notified. This restriction will not apply to Government’s import commitments under any bilateral/regional Agreement/MOU.

MGST: Extension of date for filing of return in FORM GSTR-3B

August 21, 2017 3945 Views 0 comment Print

No. JC(HQ)-1/GST/2017/Noti/18/ADM-8.—In exercise of the powers conferred by sub-rule (5) of the rule 61 of the Maharashtra Goods and Services Tax Rules, 2017 (hereinafter in this notification referred to as the said rules) and notification No. JC(HQ)-1/GST/2017/Noti/18/ADM- 8, dated the 8th August 2017

PML (Maintenance of Records) Third Amendment Rules, 2017

August 21, 2017 1821 Views 0 comment Print

1. (1) These rules may be called the Prevention of Money-laundering (Maintenance of Records) Third Amendment Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette.

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