Delhi ITAT has in the case of Krishan Kumar v/s ITO in ITA No. 3985/Del/2017 has quashed the reassessment proceedings as there was no nexus between reasons recorded and addition made.
Noti.No.01/2018-(ST)- Amd. to Noti. No.8/2017-(ST) to prescribe effective rate of tax under composition scheme for manufacturers and other suppliers
Sec 24 of the CGST act mention certain categories of suppliers, who shall be liable to take GST registration even if their aggregate turnover is below the said threshold limit of 20 lakh rupees.
Please refer to your letter dated 22.12.2017 relating to classification of a) Nonwoven bags b) Cotton bags c) Nonwoven rice bags and d) Cotton rice bags. As per Customs Tariff, your products are classifiable under the following HSN code:
Even though GST has put its feet in our economy months back, amendments and extension of due dates plays more role now a days. This article is not for explaining the Basics of GST but to update the recent Changes and the amended due dates of filings announced as of now.
One of the major questions running in the minds of CA aspirants, who are opting for transition under Revised Scheme of Education and Training, is What are Open Book Exams?. Through this Article, we’ll try to resolve all your major questions and queries regarding Open Book Exams introduced by the Institute in the category of Elective Paper 6 of CA Final Examinations and give you an insight about the same.
The Blockchain technology is probably the best invention since the internet itself. Blockchain technology addresses the long-standing challenges related to economic development and expands opportunities for exchange and collaboration by reducing reliance on intermediaries.
Article summarises key highlights of GST notifications No. 71/2017 to 75/2017- Central Tax dated 29th December 2017 issued by CBEC to extend GSTR-1 Return Filing Due Dates, To revise GSTR-4 Late Return Filing Penalty, to notify applicability of E-Way Bill rules and to amend GST registration and refund forms.
As we all know that the year 2017 was full of new and unexpected moves. With so many events happening throughout the year, Indian economy has seen some major changes. There are number of events that kicked up a storm in news and on social media in 2017.
