"10 September 2018" Archive

Unlisted Public Companies to dematerialize their shares Compulsorily

G.S.R. _ (E) (10/09/2018)

MCA notifies Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018 mandating Issue of securities in dematerialised form by unlisted public companies. MCA notifies  issue & transfer of all shares in dematerialised form only by all unlisted Public companies The Ministry of Corporate Affairs (MCA) has notified...

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Extension of Due date of TRAN-1 and TRAN-2- Power of Commissioner

Notification No. 48/2018 – Central Tax (10/09/2018)

 Notification No. 48/2018 – Central Tax- CBIC empowers Commissioner to extend the date for submitting the declaration electronically in FORM GST TRAN-1 by a further period not beyond 31st March, 2019, in respect of registered persons who could not submit the said declaration by the due date on account of technical difficulties on the c...

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Due date to file FORM GSTR-3B for recently migrated taxpayers

Notification No. 47/2018 – Central Tax (10/09/2018)

Notification No. 47/2018 – Central Tax- Seeks to extend the due date for filing of FORM GSTR – 3B for newly migrated (obtaining GSTIN vide notification No. 31/2018-Central Tax, dated 06.08.2018) taxpayers [Amends notf. No. 34/2018 – CT]. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirec...

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Due date to file FORM GSTR-3B for newly migrated taxpayers

Notification No. 46/2018 – Central Tax (10/09/2018)

Seeks to extend the due date for filing of FORM GSTR – 3B for newly migrated (obtaining GSTIN vide notification No. 31/2018-Central Tax, dated 06.08.2018) taxpayers [Amends notf. No. 35/2017 and 16/2018 – CT] vide Notification No. 46/2018 – Central Tax Dated: 10th September, 2018 Government of India Ministry of Finance (Depa...

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CBIC extends due date for filing of FORM GSTR-3B for newly migrated taxpayers

Notification No. 45/2018 – Central Tax (10/09/2018)

CBIC extends the due date for filing of FORM GSTR – 3B for newly migrated  taxpayers who received provisional IDs but could not complete the migration process (obtaining GSTIN vide notification No. 31/2018-Central Tax, dated 06.08.2018) vide Notification No. 45/2018 – Central Tax, Dated: 10th September, 2018. Government of India ...

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Extended due date to file Form GSTR-1 if T.O. more than Rs 1.5 crores

Notification No. 44/2018 – Central Tax (10/09/2018)

CBIC extends the due date for filing of FORM GSTR – 1 for taxpayers having aggregate turnover above Rs 1.5 crores for the months from July, 2017 to September, 2018 till the 31st day of October, 2018 and for the months from October, 2018 to March, 2019 till the eleventh day of the succeeding month […]...

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Extended due date to file Form GSTR-1 if T.O. up to Rs 1.5 crores

Notification No. 43/2018 – Central Tax (10/09/2018)

CBIC extend the due date for filing of FORM GSTR – 1 for taxpayers having aggregate turnover up to Rs 1.5 crores vide Notification No. 43/2018 – Central Tax Dated: 10th September, 2018. For registered persons having aggregate turnover up to Rs 1.5 crores in Kerala, or whose principal place of business is in Kodagu […]...

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Extension of Due Dates for filing of Form GSTR-1 & GSTR-3B

It has been observed that the number of taxpayers who have filed FORM GSTR-3B is substantially higher than the number of taxpayers who have furnished FORM GSTR-1. Non-furnishing of FORM GSTR-1 is liable to late fee and penalty as per the provisions of the GST law....

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Posted Under: Company Law |

Income from renting of IT park with services related to its use as technology centers constitutes Business Income

Ambattur Infra Developers Vs The Deputy Commissioner of Income Tax (ITAT Chennai)

Ambattur Infra Developers Vs DCIT (ITAT Chennai) It is not disputed that assessee was a recognized IT park and had rented it out to various software companies. It is also not disputed that assessee had entered into two agreements with its lessees, one for renting out the space and other for providing services and maintenance. […]...

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Addition for Bogus Purchases based merely on statements and not backed by any material evidences is not sustainable

M/s. Aquatic Remedies Pvt. Ltd. Vs The DCIT (ITAT Mumbai)

M/s. Aquatic Remedies Pvt. Ltd. Vs The DCIT (ITAT Mumbai) The Revenue has alleged the assessee of taking bogus purchases and accommodation bills on account of such purchased. In our considered opinion this refers to two possibilities. 1) A person is purchasing goods from another person without any bill and then taking purchase bills from ...

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