"August, 2017" Archive - Page 20

PPT on How to Fill GST Trans-1 and Transition Provisions

Transitions Provisions are covered under section 140 of the Integrated Goods and Service Tax (IGST ) Act 2017. Transitions provisions are most important from the point of view of Every Tax-payer. Transitions provision would not only impact the Input tax credit of the assesse but would also be an important mechanism for smooth transition o...

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An interesting FAQs on GSTR 3B

The due date of filing of GSTR 3B has been extended by the Govt. till 25 August 2017, still many taxpayer has so many question in their mind regarding filing of this GSTR 3B. So we have tried to answer some of them in a very interesting way of conversation between our two newly recruited fictional character – Rahul and Modi ji....

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31 FAQs on Government Services under GST Regime

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 ...

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

The Citizens Cooperative Society Ltd Vs ACIT (Supreme Court of India)

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 […]...

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

Principal CIT (Central) Vs M/S Emirates Technologies Pvt. Ltd. (Delhi High Court)

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 […]...

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

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 […]...

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India in Fast Motion

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...

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India carves a unique place in space

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....

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Govt puts restriction on Import of Urad/ Moong dal

Notification No. 22/2015-2020-DGFT (21/08/2017)

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....

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

Notification No. JC(HQ)-1/GST/2017/Noti/18/ADM-8 (21/08/2017)

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...

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