"22 January 2018" Archive

5 Functionalities recently been added on GST Portal

Recently, following 5 new functionalities were made available on GST portal : 1. Registration: a. Form GST REG 16, application for cancellation of registration by the newly registered taxpayers, has been made available on the GST portal. b. It may also be noted that, the period for migration of taxpayers from VAT/Service Tax and Central [...

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ICAI clarification on Exemptions(s) from appearing in a paper(s) or Group of CA exams

Clarifications on the announcement dated 9th January 2018 on Exemptions(s) from appearing in a paper(s) or Group of CA exams under the New Scheme of Education and Training w.e.f May 2018 examinations...

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50 Practical issues & possible solutions on E-way bills under GST

The free movement of goods across India without any checkposts in between is one of the major objectives of GST. Nation-wide E-Way bill system under GST is set to be implemented from February 1, 2018. ...

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Recording of UINs mandatory when supplying to Foreign Diplomatic Mission / UN Organization

Complaints have been received from Foreign Diplomatic Missions / UN Organizations regarding unwillingness of vendors / suppliers / E-commerce websites to record the UIN (Unique Identify Number) while making sales to such Embassies / Missions / Consulates or UN organizations. ...

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How to Get out and Stay out of Debt?

In spite of steady, regular income there are so many individuals who live paycheque to paycheque, carry their credit card outstanding, and fail to save anything for retirement....

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Tax Deduction at source (TDS) under GST

As per GST Flyers by CBEC, The purpose of TDS is just to enable the Government to have a trail of transactions and to monitor and verify the compliances. Certainly, TDS provisions will help in achieving transparency in the operations of governmental contracts and tax compliance....

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Common Maintenance Collected by Residents welfare Association and GST

The RWA are required to pay for the contribution collected by them from members as reimbursement of payments to third person for services and / or goods where the collection is more than 5k per month per member - this article focus on the items which are not includible in Rs. 5k threshold...

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How to convert failure into Grand Success

As we all know that the CA final results are out now…. For some people 17th January, 2018 has become the best day of their life, they have successfully added Prefix to their name, their dream come true while for others this day has become a biggest nightmare....

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Directions of JCIT or CIT cannot only be reason to believe for reopening of assessment

Agfa India Pvt. Ltd. (now merged with Afga Healthcare India Pvt. Ltd.) V/s. ACIT (ITAT Pune)

In the present case, a perusal of reasons for initiating reassessment proceedings clearly show that they are against the sprit of provisions of section 147 of the Act. The AO has issued notice under section 148 of the Act on the directions of JCIT and CIT. The learned Members of the ITAT held that in our considered opinion the notice issu...

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Govt depts should avoid unnecessary litigation in Constitutional Courts just for the sake of proving their fictional desires: HC

ACIT Vs. Epson India Pvt. Ltd. (Karnataka High Court)

Revenue authorities and other Government Departments should not avail constitutional remedies for not good reasons, waste the public money and time of constitutional court for frivolous writ petitions...

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