"November, 2018" Archive

HC declines demand of Common GST investigations of units by Lemon Tree Hotel Gorup

Lemon Tree Hotels Ltd. Vs. Union of India (Delhi High Court)

Lemon Tree Hotels Ltd. Vs. Union of India (Delhi High Court) The petitioner had approached this Court claiming directions that common investigations be carried out having regard to the nature of its business functioning and having regard to the fact that M/s. Lemon Tree Hotels Ltd. maintains common accounts and, therefore, prepares balanc...

Read More

Beneficiaries not Taxable for Fund invested by Trust in Swiss Bank

Deepak B. Shah Vs ACIT Mumbai (ITAT Mumbai)

Deepak B. Shah Vs ACIT Mumbai (ITAT Mumbai) In the present case the Income Tax Department sought to tax fund lying in a Swiss bank account as “Unaccounted Income” in the hands of two residents of Mumbai. The appellants maintained account in Swiss Bank stated that they had no contribution in the said account as […]...

Read More

Validity period of EPCG Authorisations extended to 24 months

Public Notice No. 47/2015-20   (16/11/2018)

Import validity period of the EPCG Authorisations which have been issued prior to the date of issuance of this Public Notice and whose validity has not expired on the date of issuance of this Public Notice shall also be extended to 24 months from the date of the issuance of the Authorisation. ...

Read More

Weekly newsletter from Chairman, CBIC dated 16/11/2018

D.O.No.21/CH(IC)/2018 (16/11/2018)

CBIC has put up a GST & Customs Pavilion in IITF, which has six Helpdesks relating to GST, GSTN and Customs to guide and assist taxpayers. General information has been displayed through interesting info-graphics in the Pavilion....

Read More

Service of Notice under GST & Validity of notice by affixation

Kashi Bartan Bhandar Vs State of UP (Allahabad High Court)

Kashi Bartan Bhandar Vs State of UP  (Allahabad High Court) The notice under the CGST Act is required to be served in accordance with the provisions of Section 169 of the Act which provides that it can be served by giving or tendering it directly or by messenger to the person concerned or to a […]...

Read More

Money Changer Business in India

One of the strata of business which can give you a substantial level of profit is no other than the cash trade. In this sort of business, what you have to get associated with is cash and budgetary exchange....

Read More

GST late fee for delay in filing form GSTR1

The GST Act fixed due date of filing Form GSTR-1 is on 10th of Succeeding month under sub section 1 of Section 37. Form GSTR-1 is prescribed to furnish the details of outward supplies of goods or services or both effected during a tax period....

Read More

Every thing about GSTR-9

Read the below article to known every thing about GSTR-9 in simple language. All the registered taxable persons under GST as regular taxpayers filing GSTR 1, GSTR 2, GSTR 3  except Casual Taxable Person, Input service distributors, Non-resident taxable persons, Person paying TDS under section 51 of GST Act are required to file GSTR-9. O...

Read More

Income from House Property in a Nutshell

SECTION 22 – CHARGING SECTION ♣ Annual Value of Property consisting of any buildings or land appurtenant there to. Tax under this head is not levied on the rent of the property but it is on the capacity of a property to earn income, Hence the words used in the charging Section is “Annual Value”. […]...

Read More

HC allows Payment of GST Arrears in Installments 

M/s Indus Projects Limited Vs UOI (Gujarat High Court)

M/s Indus Projects Limited Vs UOI (Gujarat High Court) 1. Petitioner has to pay GST dues of Rs.3.85 crores (rounded off), for which, due to its financial difficulties, the petitioner has applied to the authority for installments. Such request came to be turned down by the impugned order dated 30.08.2018 without assigning reasons. Couns...

Read More