Any reform to be classified to be successful one or failure will be known only in the short to longterm only and in a very short period of 12 months.
GST GSTR-3B (Jun 2018)-Jul 20th, 2018 GSTR-5 (Jun 2018)-Jul 20th, 2018 GSTR-6 (Jul’17 – Jun’18)- Jul 31st, 2018 GSTR-4 (Apr-Jun, 2018)-Jul 18th, 2018 GSTR-5A (Jun 2018)-Jul 20th, 2018 Quarterly return for registered persons with aggregate turnover up to Rs. 1.50 Crores- GSTR-1 (Apr-Jun, 2018)-Jul 31st, 2018 Turnover exceeding Rs. 1.5 Crores or opted to file […]
The appellant contented that penalty under section 271(1)(b) can be imposed by the AO if he is satisfied that any person failed to comply with the notice under section 142(1) or under section 143(2) or directions issued under section 142(2A) of the Act. Therefore, no penalty can be levied under section 271(1)(b) for non compliance of notice issued under section 148.
Under globalization scenario, business are crossed the boundaries of the country and the level of stakeholders are also spread across the world. So, the requirement of presenting the financial statement in common platform is an inevitable business requirement to satisfy all the stakeholders. The IFRSs are the standards which helps to prepare & present the […]
President of India Inaugurates The Platinum Jubilee Celebrations of The Institute of Chartered Accountants of India; Says GST has Made India a more Tax-Compliant Society The President of India, Shri Ram Nath Kovind, inaugurated the platinum jubilee celebrations of the Institute of Chartered Accountants of India (ICAI) in New Delhi today (July 1, 2018). Speaking […]
Macquarie Global Services Vs DCIT (ITAT Delhi) Once the claim of deduction u/s 10AA has been accepted in the first year of the operations and also in the second year, then in the third year same cannot be withdrawn by examining the factors which were required to be seen in the first year of the […]
Rs 95,610 crore of total gross revenue collected in June 2018 as compared to last month’s revenue of Rs. 94,016 crore Monthly average of GST collection in the last financial year was Rs. 89,885 crore GST revenue collection for June 2018 The total gross revenue collected in the month of June 2018 is Rs 95,610 […]
Government celebrates 1st GST Day; Finance Minister and Industry Stalwarts commemorate the first year of the unprecedented reform of Indian taxation Indirect Tax collections increase by 11.9%; 1.5% increase expected in the Non oil category, post GST roll out: Shri Arun Jaitley Government of India celebrated the 1st GST Day here today. The event saw […]
It has been one year since the country’s switchover to a new indirect taxation system – the Good and Services Tax. One single tax replaced seventeen taxes and multiple cesses imposed by the Central and the State Governments. This had obviously necessitated every assesse to file multiple returns, have an interface with multiple inspectors and […]
This is an appeal filed by the assessee against the order of Commissioner (Appeals)- 46, Mumbai dated 20-1-2017 for assessment year 2011-12 in the matter of order passed under section 143(3) of the Income Tax Act wherein following grounds have been taken by the assessee
