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Archive: August, 2017

Posts in August, 2017

Right of appeal U/s. 260A is a substantive right and cannot be impaired by any subsequent legislation

August 20, 2017 1902 Views 0 comment Print

S. 260A: Right of appeal is not a matter of procedure. It is a substantive right. This right gets vested in the litigants at the commencement of the lis and such a vested right cannot be taken away or cannot be impaired or imperilled or made more stringent or onerous by any subsequent legislation unless the subsequent legislation said so either expressly or by necessary intendment.

Maharashtra Value Added Tax (Second Amendment) Rules, 2017

August 20, 2017 1329 Views 0 comment Print

No. VAT 1517/CR 56/Taxation-1.—Whereas, the Government of Maharashtra is satiffied that circumstances exist which render it necessary to take immediate action further to amend the Maharashtra Value Added Tax Rules, 2005

Tax payment, filing of GSTR-3B Return & Transitional Credit for July, 2017

August 20, 2017 15675 Views 3 comments Print

Registered persons planning not to avail transitional credit for discharging the tax liability for the month of July, 2017 or new registrants who do not have any transitional credit to avail, need to follow the steps as detailed below

A financial check list before you buy your Dream Home

August 20, 2017 4257 Views 0 comment Print

The HOME, DREAM HOME is a sentimental objective of every individual those started their carrier in the recent past. It gives the immense pleasure of significant achievement in their life time. Hence everyone is diverting their sizeable savings towards availing a dream home. The objective of a dream home is not only to live and lead their comfortable life and also an asset creation to their next generation. We are spending majority of our life time savings towards buying a home to lead our life happy and comfortable.

Section 35(1) (ii) Central Government approves organization M/s Institute for Stem Cell Biology and Regenerative Medicine, Bangalore

August 20, 2017 1017 Views 0 comment Print

S.O. It is hereby notified for general information that the organization M/s Institute for Stem Cell Biology and Regenerative Medicine, 8angalore (PAN:- AAATI7342D) has been approved by the Central Government for the purpose of clause (ii) of sub-section (I) of section 35 of the Income-tax Act, 1961 (said Act),

What is difference between Insolvency and Bankruptcy?

August 20, 2017 73959 Views 3 comments Print

♠ The term insolvency is used for both individuals and organizations. For individuals, it is known as bankruptcy and for corporate it is called corporate insolvency. Both refer to a situation when an individual or company are not able to pay the debt in present or near future and the value of assets held by […]

Revised due date to file GSTR 3B Return & to make GST Payment

August 20, 2017 8730 Views 0 comment Print

After a full day struggling with GST portal to login, payment & filing return, it was around evening when Govt had come up with new circular extending the last date of filling return & payment of tax of July 2017 by 5 days, again with a condition. Exactly what are the important points there in […]

Place of supply for Commission Agent under GST

August 20, 2017 39996 Views 1 comment Print

This article discusses in detail about place of supply for Commission Agent, its importance & determination of nature of supply under GST.

Relaxed or Worried? Due date to file GST-3B extended

August 20, 2017 3732 Views 2 comments Print

Government extended due date of filing GST Return in Form 3B for the month of July those tax payers, for who do not want to avail of transitional credit in TRANS1 this month to 25th of August 2017.

Date to file GST Return in Form 3B & Payment extended to 25th August 2017

August 19, 2017 8361 Views 0 comment Print

LAST DATE FOR PAYMENT OF GST AND FILING OF RETURN FOR JULY 2017 EXTENDED BY 5 DAYS- Since it is the first Return to be filed under GST, the tax payers and the tax practitioners have requested for few more days to file their Return. Also there have been requests from States which are hit with floods to extend the last date for filing of GST Returns

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