"12 September 2018" Archive

Maharashtra Value Added Tax (Second Amendment) Rules, 2018

Notification No. VAT-1518/CR-32/Taxation-1 (12/09/2018)

Government of Maharashtra hereby, makes the following rules further to amend the Maharashtra Value Added Tax Rules, 2005, namely:-Maharashtra Value Added Tax (Second Amendment) Rules, 2018 vide Notification No. VAT-1518/CR-32/Taxation-1 dated 12/09/2018....

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Extend Tax Audit Due Date to 31st October, 2018: ICAI

ICAI requests CBDT   for extension of Due Date for submission of Tax Audit Reports and related Income Tax returns from 30th September, 2018 to 31st October, 2018. Read ICAI Representation on extension of Tax Audit Due Date, Dated: 17th September 2018 Read ICAI Representation on extension of Tax Audit Due Date, Dated: 10th September, 201...

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Aadhar not mandatory for booking an International Parcel

The Department of Posts today clarified that it is mandatory to produce an Identity Proof acceptable for important transactions like booking an International Parcel or International EMS (Merchandise) for safety and security reasons....

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Water-logged land adjacent to agricultural land will be treated as agricultural land

CIT Vs Shri. Shaji thomas (Kerala High Court)

CIT Vs Shri. Shaji thomas (Kerala High Court) Assessing Officer had accepted the fact that 97.60 Ares of land sold by the assessee is agricultural land. In fact, the said finding was also on proof of specific agricultural operations having been undertaken in the said The adjacent land which is lying as Kayal land and […]...

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Service Tax Payment before issue of SCN not a bar to Impose Penalty

N & N Chopra Consltants Pvt. Ltd Vs Principal Commissioner, Goods & Service Tax & Central Excise (Delhi High Court)

N & N Chopra Consltants Pvt. Ltd Vs Principal Commissioner, Goods & Service Tax & Central Excise (Delhi High Court) The facts of this case, in the opinion of this court, notes that the assessee was aware about its service tax liability; despite this knowledge, it filed its returns claiming that no liabilities were attracted. [...

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HC explains the Principle for reliability of computer printouts as admissible evidence

Shri A K Prasad Vs Shri S. K. Bansal (CESTAT Delhi)

Shri A K Prasad Vs Shri S. K. Bansal (CESTAT Delhi) The Evidence Act does not contemplate or permit the proof of an electronic record by oral evidence if requirements under Section 65B of the Evidence Act are not complied with, as the law now stands in India. Thus, it has been clearly laid down […]...

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Release goods detained on Compliance with Kerala GST Rules: HC

Kaniayamparambil Steels  Vs Asstt. Sales Tax Officer (Kerala High Court)

Kaniayamparambil Steels  Vs Asstt. Sales Tax Officer (Kerala High Court) The petitioner seeks release of the goods detained by the 1st respondent, under Section 129 of the Central Goods and Services Tax Act, 2017 as also the Kerala State Goods and Services Tax Act. 2. Earlier, a Division Bench of this Court, under similar circumstanc...

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Unsecured loan/ Gifts to be added to Income if creditworthiness of giver not proved

Sitaram Ramchanddas Patel Vs Income-tax Officer (Gujarat High Court)

Sitaram Ramchanddas Patel Vs ITO (Gujarat High Court) When the assessee failed to prove the capacity of the concerned persons who alleged to have given the unsecured loan and/or gift, it cannot be said that the learned Tribunal has committed any error in confirming the additions made by the Assessing officer and confirmed by the CIT (...

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6 Tips to Cut down Your Bike Insurance Premium

In a country like India, bikes are preferred as a daily mode of transport for a major section of the community. Some of the reasons why bikes are so popular form of transport in India include relatively low maintenance cost and fuel efficiency. As per law established in India, if you own a bike, you have to get it insured....

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Maintenance of Accounts and Records under GST

Hello friends, greetings for the day in the current article we will discuss about the maintenance of accounts and records as per the provisions of CGST Act. Introduction Assessment in GST is mainly focused on self-assessment by the taxpayers themselves. Every taxpayer is required to self-assess the taxes payable and furnish a return for s...

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