Is ITC available on vehicle taken on lease for employee in a manufacturing company? No. It is not allowed as per section 17(5) of CGST Act, 2017.
Central Secretariat Club Vs. Geetam Singh (Delhi High Court) Non-payment of minimum wages, to a workman is, therefore, unconscionable and unpardonable in law. It strikes at the very root of our constitutional framework, and belies the aspirations set out in the preamble thereto. The preamble to the Constitution is the Constitution. It is the most […]
M/s. Bokaro Power Supply Co. Ltd. Vs. DCIT (ITAT Delhi) In the case of Swadeshi Cotton Mills Vs. CIT Ltd. (supra) the Hon’ble Supreme Court has held that, ‘where the amount paid is partly penal and partly compensatory, the amount to the extent that it is compensatory could be allowed as deduction’. Further, Hon’ble Jurisdictional […]
As per Rule 96, the refund of IGST paid on export of goods is processed and disbursed by Customs. For processing such refund, GST System transmits invoice level data of Table 6A in GSTR 1 subject to following validations: 1. GSTR 3B is filed for corresponding period, with admitted tax liability of IGST under Table […]
Article Contains updated due date for filing of GSTR-3B (Summary GST Returns), GSTR-1- Detail of Outward Supplies) for those having turnover exceeding Rs.1.50 crore in Previous Financial Year (PFY) or Current Financial Year (CFY) , Tran-1 for Person Claiming Transitional Credit, GSTR-4 for Composition Opt Taxpayer, ITC-01 for those Claiming Input Tax Credit u/s 18(1), […]
Every person who is registered under the GST regime and wishes to claim the tax credit of ITC available under the pre-GST regime is required to file these Transitional Forms namely- TRAN-1 and TRAN-2 as per their requirement.
It has been seen that many EPF members are facing problem in seeding Aadhaar with their UAN as there is mismatch in Name, DOB or Gender between Aadhaar data and UAN data. Presently member and employer are required to give joint request to concerned EPFO field office for correction in basic details.
This book help you to understand Financial Terms in simple way. Hand Book for Financial Terms Aa Accidental damage Damage to a person’s possessions by accident, such as spilling paint on a carpet, that is covered by some home insurance policies Account A record of spending and income, provided by a bank, post office or building society Accounting date The last date of the period covered by an organization’s annual accounts
There are popular 5 Ws (What, who, when, why, where) which can generally answer all type of questions in respect of any topic. Composition scheme is yet not clear to more of the persons. It seems to be very attractive when things are not crystal clear. But right decision can only be taken after considering all the aspects.
It is not that complicated for Non-Resident Indians (NRI) to buy or sell immovable property in India and remittance of sale proceeds, but there are certain rules and regulations to be followed during such transactions.
