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Archive: 07 October 2017

Posts in 07 October 2017

Free YouTube Live on The global landscape –  from market’s to trade

May 24, 2024 1179 Views 0 comment Print

Join us for an insightful and dynamic YouTube Live session on “The global landscape –  from market’s to trade.” with renowned financial analyst Ankit Baid, MBA Finance. The presentation explores shifting of the global economic landscape, focusing on the decline of US dominance and the rise of China. It examines the potential decrease in global […]

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 7698 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Section 2(47) no transfer by Mere entering in Development agreement

October 7, 2017 14013 Views 1 comment Print

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.

Key Take Away- 22nd GST Council Meeting

October 7, 2017 3615 Views 2 comments Print

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.

22nd GST Council Meeting – Summary of Decisions

October 7, 2017 7491 Views 1 comment Print

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, […]

Appellant can’t be treated as Defaulter for DD misplaced by officer

October 7, 2017 543 Views 0 comment Print

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 set aside order passed by Tribunal without application of Mind

October 7, 2017 1326 Views 0 comment Print

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 […]

Section 50C applies even to Unregistered Transfer of Capital Assets

October 7, 2017 2472 Views 0 comment Print

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

Summary of GST 22nd Council Meeting at a Glance

October 7, 2017 3786 Views 0 comment Print

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 […]

CCTNS Digital Police Portal launched to fast-track Criminal Justice System in Country

October 7, 2017 1488 Views 0 comment Print

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)

3 influential factors that can make or break your stock market investments

October 7, 2017 1440 Views 0 comment Print

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.

Summary of Important Decisions as decided in 22nd GST Council Meeting

October 7, 2017 3141 Views 0 comment Print

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 […]

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