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Archive: August, 2017

Posts in August, 2017

CCTV cameras should be installed in All Tribunals: SC

August 26, 2017 2178 Views 0 comment Print

We direct the Union of India, Ministry of Information and Technology in consultation with E-Committee of this Court to lay down technical specifications and other modelities, including price range and sources of supply for installation of CCTV cameras in Courts.

Data Retrieved from CAs Laptop cannot be used as Incriminating Material against Assessee

August 26, 2017 3207 Views 0 comment Print

The appellants are in appeal against the impugned order wherein the demand has been confirmed against them on the allegation of clandestine removal of goods, on the basis of statement given by Shri. Kishore Aggarwal one of the appellant here, and the data retrieved from the Laptop of Shri Lalit Aggarwal and Shri. Vikas Varshney, […]

Reduction of Share Capital under Companies Act, 2013 and NCLT Rules, 2016

August 26, 2017 98928 Views 1 comment Print

Section 66 which is the governing provision for Reduction of Share Capital of a company is one amongst those sections notified on 07th December, 2016. Immediately, thereafter, MCA has further, notified the National Company Law Tribunal (Procedure for Reduction of Share Capital of Company) Rules, 2016 on 15th December, 2016.

Simplified Notification on exempted services by way of Renting

August 26, 2017 12612 Views 9 comments Print

Salient Provisions of Intra Sales Exempted Services By Way Of Renting 1. The Central Government has exempted selected Intra Sales services vide notification No. 12/2017- Central Tax (Rate) dt 28 June 2017. 2. An attempt has been made to simplify the content of notification with the help of pictures and brief description. Article on this […]

Refund Under Goods And Service Tax Act

August 26, 2017 6915 Views 6 comments Print

The article specifically is in relation to the situations in which refund shall arise;time limit for applying for refund and procedure of how refund will be granted by GST Portal.

GST: How is Input Tax Credit Used?

August 26, 2017 15666 Views 1 comment Print

Introduction: This article discusses in detail about adjustment order of Input tax credit under GST. Query:  As per rule first IGST has to be adjusted in CGST and then SGST, but because of lack of knowledge, IGST has been adjusted 50-50 against tax liabilities as per below screen shot and submitted GSTR 3B, and deposited […]

GTA not covered under reverse charge

August 26, 2017 20403 Views 4 comments Print

Introduction: This article discusses in detail about GTA not covered under reverse charge under GST regime. Query: In case of GTA, there is reverse charge under GST but some transporter are giving invoice with charging GST on invoice itself what to do in such cases? Whether can transporter also charge GST @12%? Ans. Vide notification […]

Untimely release of GST forms and utilities- Representation to FM

August 26, 2017 33894 Views 49 comments Print

GST is only 54 days old law, but 107 Notifications have been released till date, shows that implementing the intricacies of a well written law, is being done without application of mind. Please stop legal garbage generation.

HC directs to issue GST ID/ pass word & registration certificate correctly

August 26, 2017 3801 Views 0 comment Print

The short grievance in this petition is under the GST the petitioner has been registered as sole proprietor in place of a partnership firm. In the short counter affidavit filed on behalf of respondents no. 1 to 4 in paragraph 11 it has been stated that the Joint commissioner (IT) in the office of the […]

GST: No provisional refund of ITC if zero-rated supplier didn’t file returns of 3 consecutive periods

August 26, 2017 1176 Views 0 comment Print

Following category of registered persons who shall not be eligible for refund of ninety per cent. of the total amount claimed as refund on account of zerorated supply of goods or services or both on a provisional basis, namely:- i. any registered person who has been granted registration under the said Act or under the existing law within a period of six months from the date of application for refund; or

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