"06 November 2017" Archive

Due date for generation of Form GSTR-2A & Form GSTR-1A

Circular No. 15/15/2017 - GST (06/11/2017)

Due date for generation of FORM GSTR-2A and FORM GSTR-1A in accordance with the extension of due date for filing FORM GSTR-1 and GSTR-2 respectively...

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Advisory for “while filing Refund claims arising out of Export of Goods”

File No. VI/1-52/CCO/GSTN-ADVSRY/2017 (06/11/2017)

Ensure that the Shipping Bill is filed correctly and the details & particulars match with the details of the consignment mentioned in the Tax Invoice....

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Investigations in cases of ‘Paradise Papers’ to be monitored through reconstituted Multi Agency Group

Paradise Papers indicate that out of 180 countries represented in the data of offshore entities,India ranks 19th in terms of number of names. ...

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Steps To Fill Worksheets Using GSTR 4 Offline Tool

Enter the relevant details in each worksheet of the downloaded excel file as applicable (except Inward stipples from registered taxpayers, and amendment tables). Validate the entered details by pressing the Validate tab on each worksheet. ...

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Steps to download GSTR 4 Offline Tool

Step by step guideline for taxpayers to download GSTR 4 Offline Tool from the GST Portal. 1) Download GSTR 4 Offline tool from the download tab on GST portal. 2) Ensure that the minimum system requirements of Windows 7 and MS Excel 2007 is met. 3) Extract the GSTR 4 offline tool. Open the GSTR 4 […]...

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15 GST FAQS replied by Official Twitter Handle of GOI

Question 1:  Is it compulsory to put HSN code wise details in GSTR 2? Answer: Pl see instruction no. 16 below GSTR-1 and no. 14 below GSTR-2. Question 2 : Is there Any notifications for converting from regular to Composition scheme, as it available in the portal.Can Now we convert from regular dealer to Composition […]...

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Advisory on GSTR 2 downloaded json & exported excel provided by taxpayer

Advisory by GSTN on GSTR 2 downloaded json and the exported excel provided by the taxpayer-1. It is recommended that please do not change the format of exported excel file. Otherwise there will be error in processing. Only fill up data as per given format....

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Commission paid to MD & working Directors is allowable expense

The Asst. Commissioner of Income Tax Vs. S.H. Kelkar & Co. Pvt. Ltd. (ITAT Mumbai)

We find that during the year under consideration, the assessee company has already declared the dividend of ₹ 5.40 crores and hence, it cannot be doubted that the payment of dividend was made in the guise of commission to the directors....

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DRT cannot condone delay in Filing Appeal before it: SC

International Asset Reconstruction Company of India Ltd. Vs The Official Liquidator of Aldrich Pharmaceuticals Ltd. (Supreme Court of India)

The application of Section 5 of the Limitation Act by resort to Section 29(2) of the Limitation Act, 1963 therefore does not arise. The prescribed period of 30 days under Section 30(1) of the RDB Act for preferring an appeal against the order of the Recovery officer therefore cannot be condoned by application of Section 5 of the Limitatio...

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Hyderabad Cricket Association allowed to claim exemption u/s. 11

Hyderabad Cricket Association Vs. Jt. Director of Income Tax (ITAT Hyderabad)

Hyderabad Cricket Association is not engaged in activities in nature of trade and commerce or business and therefore, eligible to enjoy the benefit of section 11 of the Income Tax Act, 1961, the Income Tax Appellate Tribunal, Hyderabad bench said last week while disposing appeals filed by both HCA and the department....

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