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Archive: 25 April 2018

Posts in 25 April 2018

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

May 15, 2024 6456 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.

2 Crore e-way bills generated from 1st April till 24th April, 2018

April 25, 2018 891 Views 0 comment Print

E-waybill implemented for inter-State movement of goods across the country from 1st April, 2018. More than 2 Crore e-way bills have been successfully generated from 1st April till 24th April, 2018. 16 states and 1 Union Territory have also adopted E-way Bill for intra-State movement of goods. These include Puducherry (UT) and 16 statesnamely Bihar, […]

Service tax not payable on collection of Maintenance Charges on Actual basis as Reimbursement of expenses incurred

April 25, 2018 3504 Views 1 comment Print

Ld. Advocate submits that the amounts collected from the tenants / lessees would only be in the nature of collection of reimbursable expenses and the ratio laid down by the Hon’ble Apex Court in the case of UOI Vs Intercontinental Technocrafts Pvt. Ltd. – 2018 (10) GSTL 401 (SC) will apply.

Empanelment with Dena Bank of CA Firms for Concurrent Audit

April 25, 2018 60745 Views 1 comment Print

Dena Bank invites Applications for selection of CA Firms as Concurrent Auditors for the period July 2016 to June 2017. Members should submit their applications online on Bank website as per the format attached. The recipient/ respondent need not send the print out / hard copy of application.

Registration U/s. 12AA cannot be denied for non-filing of returns and audited accounts

April 25, 2018 4044 Views 0 comment Print

Section 13 comes into play at the time of granting exemption under section 11 and not at the time of granting registration under section 12AA, therefore, CIT was not justified in denying registration on the ground that assessee trust had not got its account audited and not filed its return of income for preceding years.

BCAS representation on Instructions on irregularities in Appellate Orders & processing of returns pushed to AOs by CPC

April 25, 2018 6990 Views 1 comment Print

Representation regarding Instructions dated 8th March, 2018 relating to irregularities in Appellate Orders and Instructions dated 28th March, 2018 regarding processing of returns u/s 143(1) which are pushed to Assessing Officers [AOs] by CPC

Rice mill Lease rentals taxable as Income from other sources

April 25, 2018 2292 Views 0 comment Print

In this case Since the rice mill owned by the assessee was let out to another rice mill and the rental income was received without carrying on any business activity or rendering any services incidental to carrying on the rice mill, therefore, the AO rightly assessed the income under the head ‘Income from other sources’.

Cenvat Credit eligible on sales commission paid to promote Sale

April 25, 2018 2451 Views 0 comment Print

The present appeal is directed against the impugned order dated 13.10.2017 passed by the Commissioner (A) whereby the Commissioner (A) has rejected the appeal of the appellant.

AO cannot ignore sale price declared by assessee without any basis

April 25, 2018 3129 Views 0 comment Print

Flipkart India (P) Ltd. Vs ACIT (ITAT Bangalore) Where the assessee sold goods at loss in order to create market for itself, AO disregarded the loss without any basis and converted the same into income then action of AO was not justified. What can be taxed is only income that accrues or arises as laid […]

DGFT amends Transitional Arrangements in Foreign Trade Policy 2015-2020

April 25, 2018 4938 Views 0 comment Print

Central Government hereby amends the provision in Para 1.05 (b) of the Foreign Trade policy (2015-20) on Transitional Arrangements as under:

DGFT amends Import policy of Yellow Peas from free’ to ‘restricted’

April 25, 2018 1140 Views 0 comment Print

Import policy of Yellow Peas under Exim Code 0713 1000 is revised from free’ to ‘restricted’ for a period of three month only vide Notification No. 04 /2015-2020

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