"10 August 2018" Archive

PAN Sole identifier for all participants transacting in securities market

Securities and Exchange Board of India (SEBI), vide circular dated April 27, 2007, has mandated that PAN would be the sole identification number for all participants transacting in the securities market, irrespective of the amount of transaction....

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Posted Under: SEBI |

GST on services provided by Industrial Training Institutes (ITI)

Circular No. 55/29/2018- GST (10/08/2018)

CBIC clarifies vide CIRCULAR No. 55/29/2018- GST on (a) Whether GST is payable on vocational training provided by private ITIs in designated trades and in other than designated trades. and on (b) Whether GST is payable on the service, provided by a private Industrial Training Institute for conduct of examination against consideration in t...

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5% GST on fertilizers supplied for use in manufacture of other fertilizers

Circular No. 54/28/2018-GST (09/08/2018)

It is clarified that the fertilizers supplied for direct use as fertilizers, or supplied for use in the manufacturing of other complex fertilizers for agricultural use (soil or crop fertilizers), will attract 5% GST....

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FORM GSTR-3B to continue till March, 2019- CBIC notifies due date

Notification No. 34/2018–Central Tax [G.S.R. 761(E)] (10/08/2018)

CBIC prescribe the due dates for filing FORM GSTR-3B for the months from July, 2018 to March, 2019 vide Notification No. 34/2018–Central Tax dated 10th August, 2018...

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Due dates to file GSTR-1 -Turnover upto Rs.1.5 Crore- July 2018 to March 2019

Notification No. 33/2018–Central Tax [G.S.R. 760(E)] (10/08/2018)

CBIC prescribes due dates for quarterly furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover of upto Rs.1.5 crores for the period from July, 2018 to March, 2019 vide Notification No. 33/2018–Central Tax dated 10th August, 2018...

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Due dates to file Form GSTR-1 -Turnover more than 1.5 Crore- July 2018 to March 2019

Notification No. 32/2018–Central Tax [G.S.R. 759(E)] (10/08/2018)

G.S.R……(E). - In exercise of the powers conferred by the second proviso to sub-section (1) of section 37 read with section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), the Commissioner, on the recommendations of the Council, hereby extends the time limit...

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Bank of Baroda invites RFP for Concurrent Auditors Appointment

Appointment of Concurrent Auditor For each of the following Zones of Bank of Baroda Namely Ahmedabad Zone and Mumbai Zone To carry out Concurrent Audits of Branches/RLBO/CBOs/TFBO/CPC/Other Units For -12- months From 01-10-2018 to 30-09-2019. Last Date: 03/09/2018 ELIGIBILITY CRITERIA  One Firm is allowed to bid for one zone only. If one...

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Posted Under: SEBI | ,

Addition U/s 68 not justified for Mere Non-Production of Director of Share Holder Company

Moti Adhesives P. ltd. Vs ITO (ITAT Delhi)

Moti Adhesives P. ltd. Vs ITO (ITAT Delhi) Mere non production of Director of said share holder company cannot justify adverse inference u/s 68 of the Act. Even if there was any doubt if any regarding the creditworthiness of the share applicants was still subsisting, then AO should have made enquiries from the AO of […]...

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Addition U/s. 68 for Receipt of share capital not justified when Identity, creditworthiness & genuineness proved

Asstt. CIT Vs Ravnet Solutions (P.) Ltd. (ITAT Delhi)

ACIT Vs Ravnet Solutions (P.) Ltd. (ITAT Delhi)  Where assessee, in receipt of share capital, had established onus cast on it to explain identity and creditworthiness of subscribers and genuineness of impugned share transactions by filing evidences such as copies of confirmations, ITRs, PANs and bank statements, etc. AO was not justified...

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Section 269SS & 269T of Income Tax Act,1961

Section 269SS and 269T of Income Tax Act,1961 been explained in the Article. Section 269SS and 269T deals with restrictions on taking Cash Loan of Rs. 20000 of more than and its repayment in cash....

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Posted Under: SEBI |
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