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Archive: December, 2018

Posts in December, 2018

Section 54 Exemption allowable even If Investment made in Joint Name of Husband

December 3, 2018 2700 Views 0 comment Print

Smt. Waheeda Asif Abbas Vs The ITO (ITAT Chennai) The Assessing Officer disallowed the claim of the assessee under Section 54F of the Act on the ground that the assessee’s husband was not having any share in the property sold by the assessee. Since the investment was made in the name of the assessee and […]

CBIC disposes GST refunds to the tune of Rs 91,149 crores

December 3, 2018 633 Views 1 comment Print

Total GST refunds to the tune of Rs 91,149 crores have been disposed by CBIC and State authorities out of the total refund claims of Rs 97,202 crores received so far. Thus, the disposal rate of 93.77 per cent has been achieved.

Provisionally entertain GST TRAN-1 and other returns: HC

December 3, 2018 657 Views 0 comment Print

Alchem International Pvt. Ltd. Vs Union of India and Ors. (Rajasthan High Court) Respondents are directed to provisionally entertain the GST TRAN-1 and other returns of the petitioner either by way of opening the portal or manually. FULL TEXT OF THE HIGH COURT ORDER /JUDGEMENT Issue notice to respondents. Mr. Kinshuk Jain, learned counsel accepts […]

Date of Occupancy Certificate should be treated as date of completion: AAR

December 3, 2018 8649 Views 0 comment Print

In re Bindu Ventures (GST AAR Karnataka) (a) Which date should be considered as the date of completion of the property – the date of receipt of necessary approvals from BBMP / Karnataka Pollution Control Board / Karnataka Electricity Board or the date of receipt of completion certificate from a registered Chartered Engineer? The date […]

Format of letter for Acceptance of Appointment as GST Auditor

December 3, 2018 29979 Views 0 comment Print

Suggested format for Acceptance Letter <<<< Name and address of the entity>>>> Dear Sir, Sub: Our appointment as GST Auditors* (Joint Auditors*) under section 35(5) and section 44(2) of the CGST Act CGST Act read with Rule 80(3) of the CGST Rules [read with the corresponding provisions of the State / Union Territory Goods and Services Tax Acts] to certify the […]

GST on commodity of Eucalyptus/Polar Wood Waste in Logs

December 3, 2018 6921 Views 0 comment Print

In re M/s Sharda Timber (GST AAR Uttarakhand) Whether the commodity of Eucalyptus/Poplar wood waste in logs having length of 30 cm to 200 cm in girth of approx 10 cm to 60 cm is covered under Hsn 4401 and chargeable under Uttarakhand State GST @ 2.5% and Under CGST @ 2.5%? The answer is […]

AAAR ruling on classification of Laminated Taurpalins of HDPE Woven Fabrics

December 3, 2018 1299 Views 0 comment Print

Tarpaulins of HDPE woven fabrics, laminated as per specification of IS 7903:2017, being expressly excluded, do not merit classification under Chapter 63.

Availability of Speed Post dispatch particulars in MEIS module

December 3, 2018 882 Views 0 comment Print

A new feature is being added, with immediate effect, so that exporters can track the MEIS speed post dispatch made by the Regional Authorities.

Section 54F on investment of sale proceeds in name of assessee & her husband

December 3, 2018 1947 Views 1 comment Print

Smt. Waheeda Asif Abbas Vs ITO (ITAT Chennai) The Assessing Officer disallowed the claim of the assessee under Section 54F of the Act on the ground that the assessee’s husband was not having any share in the property sold by the assessee. Since the investment was made in the name of the assessee and her […]

Cyber Security & Resilience framework for Stock Brokers / Depository

December 3, 2018 5871 Views 0 comment Print

Rapid technological developments in securities market have highlighted the need for maintaining robust cyber security and cyber resilience framework to protect the integrity of data and guard against breaches of privacy.

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