Sponsored
    Follow Us:

Archive: 28 September 2018

Posts in 28 September 2018

Course on Mastering GST Sections Effortlessly with Memory Techniques!

November 28, 2024 5628 Views 0 comment Print

Simplify GST learning with memory techniques. Join live sessions, master CGST sections, and retain knowledge effortlessly. Register now for practical GST mastery!

Modification to Guidelines for Deductions & Deposits of TDS under GST

September 28, 2018 2700 Views 0 comment Print

Circular No. 65/39/2018-DOR dated 14/09/2018, vide which Guidelines for Deductions and Deposits of TDS by the DDO under GST had been issued by the Department of Revenue.

Haryana Goods and Services Tax (Amendment) Act, 2018

September 28, 2018 1116 Views 0 comment Print

(1) This Act may be called the Haryana Goods and Services Tax (Amendment) Act, 2018. (2) Save as otherwise provided, the provisions of this Act shall come into force on such date as the Government may, by notification in the Official Gazette, appoint:

Income from frequent Sale/Purchase of shares within small duration is business Gain

September 28, 2018 3060 Views 0 comment Print

DCIT Vs M/s Divya Shakti Trading Services Ltd. (ITAT Delhi) In this case assessee has purchased and sold scrips multiple times, on various dates alleged to have been held as investment within small duration. The magnitude of purchases on each date has been very large in respect of all these shares. Thus in our considered opinion frequency and volume […]

Revision U/s. 263 cannot be done if AO has taken Plausible view resulting in revenue loss

September 28, 2018 1254 Views 0 comment Print

If the view taken by the AO was a plausible view and if it results in loss of revenue, it could not be treated as prejudicial to the interests of the Revenue for the purpose of invoking the power under section 263.

Individual cannot be taxed for Property sold by HUF

September 28, 2018 3807 Views 0 comment Print

Janak Kanakbhai Trivedi Vs ITO (Gujarat High Court) It is the case of the appellant that the impugned ancestral property was actually acquired by the HUF of the appellant and that actually by mistake the appellant has given his individual PAN number at the time of execution of the sale deed. It has been argued […]

Who Can File an Affidavit ? Beware before you swear!

September 28, 2018 8886 Views 1 comment Print

People file affidavits being unaware of what its repercussions might be and also unaware of the fact whether they are at all competent to make the affidavit. Before analysing who can file an affidvit, it is important to understand the duty bestowed upon a person providing affidavit. Even before that let us first understand what an affidavit is.

Goods And Services Tax Practitioners (GSTP)

September 28, 2018 59076 Views 8 comments Print

In the erstwhile regime, chartered accountants, sales tax practitioners and advocates undertake the job related to accounting and taxation related to Indirect taxes mechanism in India. Under the GST regime, a GST practitioner has been authorized for conducting such activities and  formalizing the association shared between a tax payer and the person preparing his returns, in turn making the process simple, convenient and transparent.

Transfer of a portion of land in lieu of built-up area on retained land vid JDA was transfer u/s 2(47)(v)

September 28, 2018 2577 Views 0 comment Print

By virtue of JDA, assessee was parting with a portion of its land and in consideration thereof, was receiving built-up area on the land retained by it which was a transfer within the meaning of section 2(47)(v) however, AO was directed to re-compute the capital gain again by considering only elements which were necessary for the construction of the building as the cost of construction, and not the entire expenditure of the builder, including the compensation agreed to be paid to K and also the finance charges etc., which were not relevant for computing the cost of the construction. 

No separate category of ‘Commodity Derivatives Exchanges’ w.e.f. October 1, 2018

September 28, 2018 603 Views 0 comment Print

As per the amendments in Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 as notified on April 02, 2018 in the Gazette of India, there would be no separate category of ‘Commodity Derivatives Exchanges’ w.e.f. October 1, 2018.

PP Leno bags of woven PP fabric classifiable as Sacks & Bags under HSN 63053300

September 28, 2018 1746 Views 0 comment Print

In re RLJ Woven Sacks Pvt. Ltd (GST AAR West Bengal) ‘PP Leno Bags’, if specifically made from woven Polypropylene fabric using strips or the like of width not exceeding 5 mm and without any impregnation, coating, covering, or lamination with plastics, are to be classified under Tariff Sub Heading 63053300. FULL TEXT OF ORDER […]

Sponsored
Sponsored
Search Post by Date
December 2024
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031