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Archive: 06 September 2018

Posts in 06 September 2018

Free YouTube Live on The global landscape –  from market’s to trade

May 24, 2024 1173 Views 0 comment Print

Join us for an insightful and dynamic YouTube Live session on “The global landscape –  from market’s to trade.” with renowned financial analyst Ankit Baid, MBA Finance. The presentation explores shifting of the global economic landscape, focusing on the decline of US dominance and the rise of China. It examines the potential decrease in global […]

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

May 15, 2024 7698 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.

MCA extends last date of filing Form BEN-2

September 6, 2018 23118 Views 0 comment Print

Time limit for filing the BEN-2 form would be 30 days from the date of deployment of BEN-2 e-form on the MCA-21 portal and no additional fee shall be levied if the same is filed within 30 days from the date of deployment of the said e-form. General Circular No. 07/2018 F.No.01/01/2018-CL-V GOVERNMENT OF INDIA […]

All About Proposed Simplified GST Returns – Sahaj And Sugam

September 6, 2018 13998 Views 1 comment Print

Sahaj and Sugam returns are already popular amongst the income tax assessee. Goods and Service Tax council has also come up with the similar returns in order to simplify the return filing process under GST.

Issues with GST like rates & compensation may take some time to settle: N. K. Singh

September 6, 2018 609 Views 0 comment Print

Acknowledging that there are issues with GST like rates and the compensation which may take some time to settle, he said that Commission will try to make realistic GST projections for states considering that 14% compensation will not be there for states in the last three years of award period of this commission.

Wharfage Charges is not Rent: TDS not deductible U/s. 194I

September 6, 2018 6513 Views 0 comment Print

M/s. MCC PTA India Corp. Pvt. Ltd. Vs ACIT (ITAT Kolkata) Section 35 of Major Ports Act 1963 empowers the Board to execute works providing appliances which includes wharves, quays, docks, stages, jetties, piers and other works within or without the port limits and also moorings and cranes, scales and all other necessary needs and […]

5 ways how Flexi Term Loans help your CA firm grow

September 6, 2018 9045 Views 0 comment Print

As a CA/CS/CWA running an independent practice, there are a plethora of situations that may require extra funding. In such scenarios, a loan can help you tackle the expenses that you are likely to incur with ease. While you choose amongst various loans, here’s what you should know about a Flexi Loan that is the […]

SC clarifies Retirement Age of ITAT President and Members

September 6, 2018 2475 Views 0 comment Print

We make it clear that the person selected as Member of the ITAT will continue till the age of 62 years and the person holding the post of President, shall continue till the age of 65 years.

Reopening Notice is without jurisdiction if it do not specify quantum of tax which escaped assessment

September 6, 2018 1593 Views 2 comments Print

Dulraj U. Jain Vs ACIT (Bombay High Court) Section 147 / Section 148– Reasons recorded do not specify, prima-facie, the quantum of tax which has escaped assessment but merely states that it would be atleast be Rs.1,00,000/-. Prima-facie, we are of the view that the reasons recorded do not indicate reasonable belief of the Assessing Officer himself to issue the impugned […]

HC restrain dept. from encashment of Bank guarantee under GST till exhaustion of statutory remedy

September 6, 2018 1227 Views 0 comment Print

Safa Mill Stores Vs Assistant State Tax Officer, Karukutty (Kerala High Court) 1. The petitioner, a partnership firm, transported certain goods ostensibly from Bombay to Perumbavoor. But when the petitioner tried to unload the goods at Malamury, Perumbavoor, the authorities checked the documents carried along with the goods and found that they did not correctly reflect […]

Mere genuineness of Transaction not enough for non levy of Penalty U/s. 271D

September 6, 2018 1665 Views 0 comment Print

Deepak Sales & Properties Pvt. Ltd  Vs  ACIT (ITAT Mumbai) There is no dispute between the parties that bonafide nature of transactions alone would not be sufficient to escape the clutches of sec. 271D of the Act. As per the decision rendered by Hon’ble Supreme Court in the case of Kum. A.B. Shanthi (supra), it […]

Introducing Customers to Financial Institutes for Commission is BAS

September 6, 2018 513 Views 0 comment Print

Preet Financial Services Pvt. Ltd. Vs C.S.T.-Service Tax (CESTAT Delhi) Business model of the appellant was such that they used to get commission from financial institutes for introducing customers. The said financial institutes used to pay commission in a fixed percentage on the loan amount disbursed to the end customer. After this commission, the appellant […]

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