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Archive: December, 2017

Posts in December, 2017

Sec. 12AA Training in rock climbing, mountaineering, bag-packing, kayaking, sailing and rafting is educational activity

December 8, 2017 1332 Views 0 comment Print

Nandadevi Outdoor Leadership School Vs. DIT (Exemptions) (ITAT Delhi)  The assessee is engaged in the activities of rock climbing and mountaineering, bag-packing, kayaking, sailing and rafting. It says that it is one of the world‟s biggest outdoor skill trainer and its parent is headquartered in the USA. It offered courses in the Himalayan by instructing. […]

Pure Agent Concept in GST

December 8, 2017 32767 Views 6 comments Print

Brief: In general practice, number of reimbursement of expenses are taken place along with the consideration for the supply of Goods, Services or both. Now the question may arise whether such reimbursement of expenditure would be chargeable to tax or not? Answer to such question is conditional i.e. where such expenditure is incurred as a […]

Google Case: ITAT Grants Conditional Stay on Income Tax Demand

December 8, 2017 1539 Views 0 comment Print

The present four stay petitions are filed by the assessee for the assessment years 2009-10 to 2012-13, seeking extension of the stay earlier granted by the Tribunal on various occasions. In this regard, it was pointed out by the Ld. AR that the assessee had made the following payments out of the total demand, for the assessment years 2009-10 to 2012-13

Error Message ‘CESS liability is yet to be set off’ while resetting GSTR-3B

December 8, 2017 1485 Views 0 comment Print

Taxpayer is not able to reset and file GSTR-3B. Error report shows YOU HAVE ALREADY OFF SETTED GSTR-3B, but CESS liability is yet to be set off.

Calendar for GST Return filing

December 8, 2017 19383 Views 0 comment Print

Taxpayers other than composition taxpayers, non-resident taxpayers, input service distributors and taxpayers liable to pay tax under section 51 & 52 of GST Law. The time period for filing GSTR-2 & GSTR-3 for month of July, 2017 to March, 2018 is being looked into by a Committee set up by the GST council.

The Real Travel Experience In Bangkok

December 8, 2017 1716 Views 0 comment Print

Serving as a gateway to many other parts of Thailand, Bangkok is a fascinating city. Meeting every expectation you would have from the capital of Thailand, Bangkok tourism is an amalgamation of spirituality and thrilling nightlife. Thailand is noisy, crowded, colorful, exciting, and delightful and yet it manages to maintain a high-end ambience. Content of […]

MVAT: Filing of vat audit report in form E-704 by on SAP system

December 8, 2017 35574 Views 0 comment Print

Filing of audit report in Form E-704 by the dealers registered on SAP system from 25/05/2016 for the financial year 2016-2017 on Mahavat website. :- Earlier MSTD had issued a Trade Circular No. 27T of 2009 date 1st October, 2009 on the subject of filing of VAT Audit Report in Form- 704 electronically.

CBEC eases norms for Bank Guarantee/ cash security and Surety on Imported Goods

December 8, 2017 22692 Views 0 comment Print

Bank Guarantee/ cash security/ surety shall be taken as per the following norms for the purpose of extending the benefit under the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017.

Empower NCLT to grant tax relief on waiver of interest on stressed assets

December 8, 2017 1236 Views 0 comment Print

The National Company Law Tribunals (NCLTs) should be empowered by law to grant relief on any tax that may be imposed on any waiver of accrued interest with regard to stressed assets referred for resolution under the Insolvency and Bankruptcy Code, the ASSOCHAM has said in its communication to the Finance Minister Mr Arun Jaitley.

Facility to revise Form GST TRAN-1 enabled on GST Portal

December 8, 2017 2859 Views 0 comment Print

Facility to edit/revise / Amend/ Form GST TRAN-1 filed after 08-11-2017 enabled. Taxpayers can now file revised FORM GSTR-1 related to Transitional ITC Credit on stock even if it results in downward credit. In such cases, the difference will be added to their liability.

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