"October, 2018" Archive - Page 19

Home Buyer cannot reap benefits of her own delay in taking possession: SC

M/s. Supertech Ltd. Vs Rajni Goyal (Supreme Court of India)

M/s. Supertech Ltd. Vs Rajni Goyal (Supreme Court) The Appellant – Builder inter alia submitted that – Possession of the flat was offered to the Respondent – Purchaser in December 2015 after obtaining the Completion Certificate for the building. Even though the Agreement provided for delivery of possession by 31.10.2013, the delay o...

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Refund of Excess Payment of Tax enabled on GST Portal

New Functionality Update: Refund of Excess Payment of  Tax enabled on GST Portal Facility to claim Refund on account of excess payment of tax (if any) under Section 54(1) of CGST Act,2017, has been enabled on GST Portal for the taxpayers. Extract of Section 54(1) of CGST Act, 2017 54.  Refund of tax. (1) Any person […]...

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Posted Under: Corporate Law |

Tax Audit Due Date: CBDT rejects request for Further extension

F.No. 225/358/2018/ITA.II (25/10/2018)

As concerns of the assessees have been suitably redressed with extension of due date by one month (i.e. till 31.10.18), representation of the Tax Bar Association, Guwahati dated 20.09.18, requesting for further extension of due date for filing ITR/TAR beyond 31.10.18 is hereby rejected....

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How are Mutual Funds Better than Traditional Investment Options?

Do mutual funds offer better benefits than gold investments, ULIPs, fixed deposits, and other investments? Explore the benefits of mutual funds here....

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Posted Under: Corporate Law |

Empanelment for Official Liquidator as Auditors in Companies under liquidation

No: OL/Estt/CA/Emp/2018/447 (25/11/2018)

Official Liquidator attached to the Hon'ble High Court of Delhi, invite Bio Data / Application from the eligible Chartered Accountants or firms of Chartered Accountants, who are enrolled as Members of the Institute of Chartered Accountants of India and are in active practice for the last 05 years and are interested to be empanelled for th...

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MCA notifies remaining NFRA constitution provisions WEF 24.10.2018

S.O. 5385(E) (24/10/2018)

MCA has already notified sub-section (1), (3), (11) and 12 of Section 132 of Companies Act, 2013 related to Constitution of National Financial Reporting Authority (NFRA), and omitted Sub-section (6) to (9) of the same. Now Central Government has appointed 24 October 2018 as the date on which the provisions of sub-section (2),(4),(5),(10),...

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e-filing facility to Maharashtra tax payers for smooth GST Compliance

Trade Circular No. 29T of 2018 (24/10/2018)

Maharashtra State GST Department has established dedicated helpdesks in all State GST offices in the state for assisting taxpayers in e-filing of various applications/forms, namely-1) Registration- Application for New Registration, Amendment and Cancellation. 2) Return - GST 3B, GSTR 1, GSTR 4, GSTR 5, GSTR 6, GSTR 7. 3) Payment- GST 3B r...

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MVAT: Sales detail Submission through Online Ledger Confirmation Utility

Trade Circular No. 30T of 2018 (24/10/2018)

Your attention is invited towards the Trade Circular cited at Ref. (8) above. The said Circular mandated the buyer, under certain circumstances, to submit electronic evidence (Ledger confirmation) in support of his set-off claim. ...

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MVAT: Extension of time limit for remand back cases for fresh Assessments

Maharashtra Ordinance No. XXIII OF 2018 (24/10/2018)

Section 23 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005) contains the provisions regarding assessment of the value added tax levied under the said Act....

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AO could not insist on Any particular method for Valuation of shares

DCIT Vs Ozoneland Agro (P) Ltd. (ITAT Mumbai)

DCIT Vs Ozoneland Agro (P) Ltd. (ITAT Mumbai) In this AO had ‘tampered’ with provisions of the Act. It was beyond jurisdiction of AO to insist upon a particular system, which especially allows assessee to choose one of the two methods. Until and unless legislature amends provision of the Act and prescribes only one method [&he...

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