"17 October 2018" Archive

Assessment cannot be made on dead entity

DCIT Vs. NDC Telecommunications India Pvt. Ltd. (ITAT Delhi)

CIT(A) quashed the reassessment proceedings on the ground that the same has been initiated on a non-existing entity and, therefore, the reassessment proceedings are void ab initio. ...

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HC dismisses petition challenging Jurisdiction to recover Service Tax demand

Laxmi Narayan Sahu Vs Union of India (Gauhati high court)

Laxmi Narayan Sahu Vs Union of India & Others  (Gauhati Cigh Court) Issue Raised Before High Court In all the writ petitions, the demand-cum- show cause notices of various dates issued by the Assistant Commissioner, Central Goods and Service Tax of the district of Dibrugarh and Guwahati respectively are assailed. The said demand-cum...

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Oppression & Mismanagement

Whenever there is a group of people it becomes very difficult to manage them properly. Each and every person has their own view, thinking and idiosyncrasies. To ensure proper rules and regulation to be maintained in the company we have Companies Act. In the Companies Act, 2013 Chapter XVI deals with the topic of “Prevention […]...

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Posted Under: Income Tax |

Records to be Maintained Under GST

Every person registered under the GST Act is required to maintain certain books of accounts and records. The provisions related to the same has been provided under Sections 35 and 36 of the CGST Act, 2017 and Rules 56 to 58 of CGST Rules, 2017. An analysis of these provisions is given in this article....

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Posted Under: Income Tax |

GST on services by Corporate Office to unit in other states as well

The big question is whether activities performed by the employees at the corporate office in the course of or in relation to employment such as accounting, other administrative and IT system maintenance for the units located in the other states as well i.e. distinct persons as per Section 25(4) of the Central Goods and Services […]...

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Posted Under: Income Tax |

How to Appeal Against Cancellation of NBFC Registration

It is mandatory for every NBFC to obtain a certificate of registration from RBI before undertaking any business. Following conditions are required to be complied by each NBFC at the time of obtaining a certificate of registration:...

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Posted Under: Income Tax |

Public Limited Company Registration

This Article is about Registration of Public Limited Company, which includes topics like (a) about public limited company (b) who are eligible for public limited company registration (c) documents required (d) procedure for registration of public limited company (e) Advantage of public limited company registration....

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Posted Under: Income Tax |

Refund Under Inverted Rate Structure

Inverted rate structure specify that as the rate of tax on inputs is higher than the rate of tax on output supplies, credit gets accumulated in the electronic credit ledger which is granted as GST refund to the taxable person....

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Posted Under: Income Tax |

Serial number 4A of Table 4 of FORM GSTR-4 not needed to be filled

It is clarified that the taxpayers who have opted to pay tax under the composition levy shall not furnish the data in serial number 4A of Table 4 of FORM GSTR-4. The required changes in the CGST Rules, 2017 would be notified shortly....

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Posted Under: Income Tax |

GST Invoice Contents

GST system has replaced the invoices such as tax invoice, excise invoice and retail invoices with one general GST tax invoice that has to be issued for all sales of goods and services, as a GST registered dealer, you are obligated to provide GST invoices that are compliant with GST rules and regulations for all supply of goods and servic...

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Posted Under: Income Tax |