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Admittedly, possession of the property was not handed over during assessment year 2008-09 and mere execution of agreement for the development of the property could not amount to transfer under section 2(47) of the Act row with section 53A of the transfer of property Act are satisfied as such there can no transfer be considered in the year under consideration.
Yes, there have been many issues with post GST Implementation, however, before criticizing the council or government, please do consider the diversity in all aspect our country possess. GST implementation is a huge transformation and will definitely take time span on 1 to 2 years before being stabilized.
The 22nd GST Council Meeting was held at New Delhi on the 6th of October 2017. In the meeting, various decisions and changes pertaining to GST return filing, composition scheme, GST rates have been announced. The various measures announced in the 22nd GST Council will tremendously improve ease of compliance for SMEs. In this article, […]
This Demand Draft was sent along with a notice, dated 22.1.2015. The third respondent has received the demand draft, but, unfortunately, misplaced the same. It is not known, as to how, the Revenue Department of the Corporation can be so careless in misplacing the demand draft, especially, when such amount was directed to be paid, pursuant to the Court order.
HC held that We do not see how it is possible for us to uphold the order of the Tribunal and when it purports to decide two Appeals of the Revenue by single paragraph conclusion. There is absolutely no discussion of the law and why the coordinate Bench decision rendered at Delhi is either distinguishable […]
Justices Akil Khureshi and Biren Vaishnav, in a recent ruling, held that section 50C of the Income Tax Act is applicable to a case where even a case where the document evidencing transfer of the capital asset has not been presented for registration
As per The GST Council under Chairmanship of Union Finance Minister Shri Arun Jaitley has in its 22nd Meeting held at Delhi today approved a major relief package for exporters. :- 1.Exporters have been exempted from furnishing Bond and Bank Guarantee when they clear goods for export. 2.The permanent solution to cash blockage is that […]
As crime continues to grow, and criminals turn tech-savvy, police investigators across States face a tough challenge to bring the law-breakers to justice.The situation is,however, undergoing a revolutionary change. The Digital Police Portal launched by the Government of India as part of the Crime and Criminal Tracking Network and Systems (CCTNS)
It happens to many of us. Perhaps it does not happen universally, but, deep in our heart we know that this syndrome is a reality. There is a task at hand or perhaps a hard decision is demanded by the situation, the odds for the success of the job or decision ranges from mildly favorable to unfavorable; often in such situations we are tempted to call quits.
DECISION & Recommendation TAKEN IN 22ND GST COUNCIL MEETING 1. Composition Scheme Limit enhanced to Rs. 1.00 Cr with 1% Tax for Traders, 2% for Manufacturers & 5% for Restaurant 2. Filing of Returns upto Turnover of Rs. 1.50 Cr – Quarterly (Non Composition Assessee) .3. Refund to Exporters – To be Started from 10.10.2017 for July […]
