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Archive: 09 May 2018

Posts in 09 May 2018

Format of Draft Certificates Under GST Law

May 9, 2018 20334 Views 1 comment Print

Draft Certificates Under GST Law – Recommendatory Indirect Tax Committee of ICAI has released Draft Format of Various Type of Certificates to be issued under GST Law- Certificate under the State Goods and Services Tax Act, 2017 (in short SGST  Act) and the Central Goods and Services Tax Act, 2017 (in short CGST Act) in […]

Analysis of Section 186 with respect to Companies (Amendment) Act, 2017

May 9, 2018 25896 Views 4 comments Print

The Companies (Amendment) Act, 2017 at first glance manifests sweeping changes in the Corporate Governance system of our country and highlights the intention of the government to change from control based or regulatory regime to a disclosure based and transparent regime. Section 186 is the hottest topic in the corporate sector today which reads as follows:

HC reject application for condonation of delay of 1819 days as no Sufficient Cause existed

May 9, 2018 1347 Views 0 comment Print

Commissioner Tax Vs M/s Hanuman Industries Kichha (Uttarakhand High Court) There is delay of 1819 days’ in filing the Revision. It is stated that after receiving the copy of the judgment dated 29.01.2013, matter was discussed at various levels and the proposal was received by the Department on 01.05.2013. It is stated that Department instructed […]

No supporting document required for change of ‘gender’ to ‘transgender’ in PAN

May 9, 2018 5199 Views 0 comment Print

New PAN allotment and Change request applications with ‘gender’ as ‘transgender’ is allowed without any hassle. Also, there is no requirement of depositing any supporting document for change of ‘gender’ to ‘transgender’ vide PAN Change request application made either through the portal of NSDL ( or portal of UTITSL (

Deduction U/s 80HHC on Duty Draw Back & DEPB to supporting manufacturer; SC refers to larger bench

May 9, 2018 3912 Views 0 comment Print

Whether in the light of peculiar facts and circumstances of the instant case, supporting manufacturer who receives export incentives in the form of duty draw back (DDB), Duty Entitlement Pass Book (DEPB) etc. is entitled for deduction under Section 80HHC of the Income Tax Act, 1961?

Architect services eligible for input service credit

May 9, 2018 13995 Views 0 comment Print

Services being architect services does not fall under exclusion to the definition of input service as per rule 2 (l) of CENVAT Credit Rules 2004, as the said exclusion is in respect of execution of works contract.

Unless otherwise expressly provided, same income cannot be taxed twice

May 9, 2018 18957 Views 0 comment Print

Mahaveer Kumar Jain Vs CIT (Supreme Court) It is a fundamental rule of law of taxation that, unless otherwise expressly provided, income cannot be taxed twice. Furthermore, a taxing Statute should not be interpreted in such a manner that its effect will be to cast a burden twice over for the payment of tax on […]

know your e-way bill jurisdictional Grievance Redressal Officer

May 9, 2018 8691 Views 1 comment Print

Got any grievances related to e-way bill? Follow the link to know your jurisdictional Grievance Redressal Officer (CBIC and State /UT Governments) appointed under rule 138D of Central/ State GST Rules, 2017.

Transition Form GST TRAN- 2- Things you must Know

May 9, 2018 50319 Views 2 comments Print

1. Why do I need to file transition Form GST TRAN – 2? 2. What do I need to fill in the transition Form GST TRAN – 2? 3. What do I need to do to submit the transition Form GST TRAN – 2?

ICAI members can have Chartered Accountants Australia & New Zealand membership

May 9, 2018 17826 Views 0 comment Print

Chartered Accountants Australia & New Zealand (CA ANZ) announces a Pilot International Pathway Programme for ICAI Members The Institute of Chartered Accountants of India (ICAI) has entered into a unilateral arrangement “Pilot International Pathway Scheme” with Chartered Accountants Australia & New Zealand (CA ANZ) for ICAI members based in Australia and New Zealand. The said […]

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May 2018