"13 January 2018" Archive

Share User Experience on GST- ACES: CBEC Chairman

DO. No. 02/CH(EC)/2018 -  (13/01/2018) - 

Member (IT) had issued a letter dated 19th December 2017 on User Experience on GST- ACES and I had referred to the same in my weekly correspondence with you on 22nd December 2017. Your feedback on the user experience is very valuable. ...

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Posted Under: Goods and Services Tax | ,

Income Tax Credit Statement 26AS – Advisory to Taxpayers

26AS statement contains information regarding Advance Tax, Self Assessment Tax, Regular Assessment Tax, TDS, TCS credits available to taxpayer for claim in ITR alongwith information on refund, high value transactions and TDS defaults....

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Posted Under: Goods and Services Tax |

Debarring Promoters from Bidding for their own Company under Bankruptcy Law

While the Insolvency and the Bankruptcy Code, 2016 (Code) has been in existence for a year, which has been surfaced with certain controversies, nuances and issues and the same were fixed by the NCLT and the Court....

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Posted Under: Goods and Services Tax |

GST Laws Need To Undergo Change

Union Budget 2018-19 is just a fortnight away from now and there is one school of thought which say that Budget will not contain GST proposals....

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Posted Under: Goods and Services Tax | ,

Text of Letter From 4 Senior SC Judges to to Chief Justice of India

It is with great anguish and concern that we have thought it proper to address this letter to you so as to highlight certain judicial orders passed by thin Court which has adversely affected the overall functioning of the justice delivery system and the independence of the High Courts besides impacting the administrative functioning of th...

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Posted Under: Goods and Services Tax |

Highlights of Companies (Amendment) Act, 2017

Companies (Amendment) Bill, 2017 was introduced in Lok Sabha on March 16, 2016 then the Bill was referred to the Standing Committee on Finance on 12 April, 2016 and Committee after hearing the views of different representatives and professionals adopted its report on 30th November, 2016....

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Posted Under: Goods and Services Tax |

Landlord’s PAN not needed to claim HRA if annual rent is below Rs 1 lakh

An employee who receives HRA can claim an exemption in respect of rental payments under section 10(13A) read with rule 2A of the Income Tax Rules. For claiming an HRA exemption, the individual must be residing in a rented premises and actually pay rent for the house . In case one stays in a house […]...

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Posted Under: Goods and Services Tax |

“Keep Away” From Benami Transations

I-T started initiating action under the new benami Transactions (Prohibition) Amendment Act, 2016 from November 1, 2016. As per the act benami property includes movable or immovable, tangible or intangible, corporeal or incorporeal property. It empowers provisional attachment and subsequent confiscation of benami properties....

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Posted Under: Goods and Services Tax |

E-waybill Generation: How to generate E-waybill?

The rules for implementation of nationwide e-way bill system for inter-state movement of goods on a compulsory basis will be notified with effect from February 1, 2018...

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Posted Under: Goods and Services Tax |

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