During Rajaswa Gyan Sangam held on 1st and 2nd September, 2017, Hon’ble Prime Minister had observed that the Income-tax Act, 1961 (the Act) was drafted more than 50 years ago and it needs to be redrafted....
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Circular No. 21/21/2017-GST -
22/11/2017
The issue pertaining to inter-state movement of rigs, tools and spares, and all goods on wheels [like cranes] was discussed in GST Council’s meeting held on 10th November, 2017 and the Council recommended that the circular 1/1/2017-IGST shall mutatis mutandis apply
to inter-state movement of such goods...
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Circular No. 20/20/2017-GST -
22/11/2017
The GST rate on Idols made of clay is nil. (S.No. 135A of Schedule notification 2/2017 dated 28.06.2017)....
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Cabinet approves setting up of the 15th Finance Commission. The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the setting up of the 15th Finance Commission. Under Article 280 (1) of the Constitution,it is a Constitutional obligation....
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No. NOC/2017/UAN/Pt./2741 -
21/11/2017
Currently, if employee wants to correct his/her basic details against UAN, employee and employer are required to submit a joint request to the concerned EPFO field office for correction of above mentioned basic details of employee. ...
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Venkata Siva Reddy Nellore Vs ITO (ITAT Hyderabad) -
The learned Commissioner (Appeals) is not justified in rejecting the contention of the appellant that since the reason on which the proceedings under section 147 ceased to exist, the assessing officer is not justified in making additions on other issues....
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Anti Profiteering is a check against profiteering – something which ought to be ethical but is now a legal issue in Goods and Service Tax....
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Dy. CIT Vs. Mukesh Kalubhai Prajapati (ITAT Ahemdabad) -
A disclosure made under the fear of a plausible penalty or other proceedings cannot be termed voluntary or made in good faith. Mere request for non-initiation of penalty on the ground of disclosure branding the same to be voluntary with a view to buy peace and avoid litigation will not take the assessee out of the scope and ambit of Expla...
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Suppose Mr. A (supplier) provide professional services (professional fees ₹ 10000) and he make some expense (amounting ₹ 5000) on behalf of Mr. B (recipient), whether such amount recovered by Mr. A paid on behalf of Mr. B will be part of invoice value and whether GST will be charged on whole amount ( i.e. ₹ 15000)....
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Service Tax No./Central Excise No./VAT/TIN is required to be added on the Business details Tab through Non-Core Amendment form through Non-Core Amendment form...
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