"24 August 2018" Archive

GSTR-1 Due date extended for certain taxpayers with Turnover upto 1.50 Cr

Notification No. 38/2018-Central Tax (G.S.R. 803(E)) 24/08/2018

CBIC extends due dates for quarterly furnishing of FORM GSTR-1 for taxpayers taxpayers registered in Kerala, Mahe (Puducherry) and Kodagu (Karnataka) with aggregate turnover of upto Rs.1.5 crores for the quarter July, 2018 to September, 2018 vide Notification No. 38/2018 – Central Tax Dated: 24th August, 2018. Government of India Minist...

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GSTR-1 Due date Extended for certain taxpayers with Turnover >1.50 Cr

Notification No. 37/2018-Central Tax (G.S.R. 802(E)) 24/08/2018

CBIC extends due dates for furnishing of FORM GSTR-1 for taxpayers registered in Kerala, Mahe (Puducherry) and Kodagu (Karnataka) with aggregate turnover of more than Rs. 1.5 crores for the months of July, 2018 and August, 2018 vide Notification No. 37/2018 – Central Tax Dated: 24th August, 2018. Government of India Ministry of Finance ...

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GSTR-3B Due Date Extended for taxpayers of Kerala, Mahe & Kodagu

Notification No. 36/2018-Central Tax (G.S.R. 801(E)) 24/08/2018

CBIC extends the due dates for filing FORM GSTR-3B for the months of July, 2018 and August, 2018 for taxpayers registered in Kerala, Mahe (Puducherry) and Kodagu (Karnataka) vide Notification No. 36/2018 – Central Tax Dated: 24th August, 2018. Government of India Ministry of Finance (Department of Revenue) [Central Board of Indirect Tax...

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RFP for Appointment of Firm of CAs with General Insurance Corporation of India

Request For Proposal (RFP) / E-Tender For Appointment Of Firm Of Chartered Accountants For Certification Of Investment Risk Management Systems & Process (IRMSP) by General Insurance Corporation of India General Insurance Corporation of India Suraksha, 170, J. Tata Road, Churchgate, Mumbai – 400 020. Phone -> +9122 22867730 E-mail...

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Validity of time limit for availing input tax credit for FY 2017-18

As per GST provisions, October 20, 2018 is the definite time limit for availing input tax credit on any inward supplies for the previous financial year ending March 31, 2018. This timeline is based on the due date for September month return. Is this time limit good in law? If GSTR-3B in lieu of GSTR-3?...

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Much needed clarification on Removal of restriction of refund of accumulated ITC on fabrics

Circular No.56/30/2018-GST 24/08/2018

In the 28th GST Council meeting, it was decided to remove the restriction of not allowing refund of ITC accumulated on account of inverted duty structure on fabrics with prospective effect on the input supplies received after the date of issue of notification....

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Advisory to taxpayers for filing refund application under GST-RFD-01A

Advisory to taxpayers for filing refund application under GST-RFD-01A: 1. Refund application can be filed using refund application form GST-RFD-01A. 2. Refund application filing for multiple tax period is available for the below ground of refunds: - Export of Goods and Services – Without payment of Tax...

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7 Reasons Why Filing ITR with Tax2win is Everyone’s First Choice

When it comes to filing of income tax return, the first thing which comes to everyone’s mind is lot of forms, calculations, paperwork, sections; in short- a lot of confusion. For a layman who is not at all aware of tax provisions, ITR means a year end hassle & for a professional like CA’s, it […]...

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Bogus purchases- Entire purchases cannot be added to total income of assessee

ACIT Vs M/s. Technotrade Impex India Pvt. Ltd. (ITAT Mumbai)

These appeals are filed by the Revenue and cross objections by assessee against the orders of the Ld. Commissioner of Income Tax (Appeals)- 21, Mumbai dated 16.06.2016 for the Assessment Years 2009-10 and 2012-13....

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Deeming provisions of section 292BB not applies to Non-issuance of notice U/s.143(2)

Kamla Devi Sharma Vs Income Tax Officer (ITAT Jaipur)

Kamla Devi Sharma Vs ITO (ITAT Jaipur)  Non-issuance of notice under section 143(2) was not a procedural error which could have been corrected in the wake of deeming provisions of section 292BB. Thus, assessment completed under section 143(3) read with section 147 was quashed. FULL TEXT OF THE ITAT JUDGMENT This is an appeal filed [&hell...

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