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Archive: 02 January 2018

Posts in 02 January 2018

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6447 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Wife liable to reply Notice issued U/s. 133(6) to deceased Husband

January 2, 2018 10653 Views 1 comment Print

Mrs. S. Savithri Vs. ITO (Karnataka High Court) The Noticee even if deceased, the Legal Representatives or the persons who inherit the estate of the deceased persons will have to comply with the said Notice for furnishing the requisite information. The very purpose of the provisions of Section 133 (6) of the Act is to […]

Compensation for resigning is eligible for tax benefit U/s. 10(10B) as Retrenchment Compensation

January 2, 2018 16680 Views 0 comment Print

Right now we are dealing with an employee who is giving up his source of livelihood under the threat of dislocation, and the hyper technical interpretations based on technicalities about the wordings in the settlement deed, signed by him under these compelling circumstances, is being taken as the understanding about assessee’ s actual conduct;

FAQs on GST Advance Ruling Application Submission

January 2, 2018 16959 Views 1 comment Print

Q.1 Who needs to file an application (FORM ARA 01 ) for seeking Advance Ruling? Ans: In GST regime, the application for seeking Advance Ruling can be filed by a registered person as well as an unregistered person who is desirous of obtaining registration under the Act. Both Registered and Unregistered persons should create a […]

How to generate new registration for advance ruling at GST Portal

January 2, 2018 6591 Views 2 comments Print

The New Registration for Advance Ruling page is displayed. Select whether you are a Resident or a Non Resident. Enter the details on this page that include PAN of business, legal name as per PAN details of authorized signatory and address of the authorized signatory.

Registered Valuers : New Opportunity for CAs / CMAs / CS

January 2, 2018 53262 Views 12 comments Print

Ministry of Corporate Affairs (MCA) has notified the provisions governing valuation by registered valuers [section 247 of the Companies Act, 2013 and the Companies (Registered Valuers and Valuation) Rules, 2017 (the Rules), both to come into effect from 18 October, 2017.

Insolvency and Bankruptcy Code- The legal tangle continues

January 2, 2018 2688 Views 0 comment Print

The Insolvency and Bankruptcy Code, 2016 (the Code) has caused a paradigm shift in the manner in which cases of sick companies have been handled in India. The Code, which repeals the erstwhile Sick Industrial Companies (Special Provisions) Act, 1985 (SICA)

Input Tax Credit under GST: Practical Issues

January 2, 2018 8775 Views 2 comments Print

GST system now became the part of our day to day finance function since last 5 months, there are various issues faced by the Government, dealers and all stake holders under this system.

Recent Changes in Income Tax for FY 2017-18

January 2, 2018 20697 Views 4 comments Print

Article discusses recent Changes in Individual Income Tax Slab Rates, Rebate U/S 87A, Surcharge on Total Income, Fees for Delayed Filing and Compulsory Quoting Of PAN

Reassessment cannot be made to disallow deduction allowed in Original Assessment

January 2, 2018 1275 Views 0 comment Print

The powers of reassessment u/S.147/148 of the Act have to be invoked with great amount of circumspection and the relevant material on record, on the basis of which, a “reasonable opinion” can be framed in contrast with a mere change of opinion for initiating the reassessment proceedings.

Uniform list of services to be followed in SEZs for IGST Exemption

January 2, 2018 43734 Views 1 comment Print

The BoA was appraised that consequent to implementation of GST Act, some State Government are not extending the benefits of IGST exemption for default services, Since, SEZs are exempt from IGST and the above matter was placed before 80th BoA meeting held on 17th November, 2017. The BoA, after deliberations, approved the reiteration of the default authorized operations as approved, earlier.

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