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Archive: 13 February 2019

Posts in 13 February 2019

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6312 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Live Course on How to Reply to GST Notices & SCN & to Fake ITC Notices? – Last day to Register

May 15, 2024 19338 Views 0 comment Print

Join our live course to learn expert strategies for replying to GST notices, SCNs, and fake ITC notices. Understand litigation nuances, evidence insights, and practical tips for effective responses. Register now!


February 13, 2019 113250 Views 17 comments Print

Under the newly introduced Companies (Amendment) Ordinance 2018, all companies registered in India after the commencement of the Companies (Amendment) Ordinance, 2018 and having a share capital is required to obtain commencement of business certificate before commencing any business or exercising any borrowing powers. Since The Companies (Amendment) Ordinance 2018 was introduced in November 2nd 2018, any […]

Amendment in Debit Note or Credit Note Under GST wef 01.02.2019

February 13, 2019 91365 Views 15 comments Print

Understanding the requirement of issuance of a debit note or credit note, in simple terms, means when the goods being supplied are returned back or when there is any revision in the invoice value, the debit note or credit note is being issued by the supplier and the receiver of the goods / services. The provisions […]

Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2019

February 13, 2019 8151 Views 0 comment Print

1. (1) These rules may be called the Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2019. (2) They shall come into force on the date of their publication in the Official Gazette.

Specified Goods and Services under GST Reverse Charge Mechanism

February 13, 2019 88764 Views 4 comments Print

Specified Reverse Charge Under GST (As Updated Till 31-Jan-2019 )- Under Reverse charge  mechanism  recipient of the goods and/or services is liable to pay GST instead of the supplier. As per the provisions of section 9(3) of CGST / SGST (UTGST) Act, 2017 / section 5(3)of IGST Act, 2017, the Government may, on the recommendations […]

Use of robotics and Optical character reader for accounting & return filing

February 13, 2019 1716 Views 0 comment Print

As we are progressing  towards a world full of process automation, the use of new technology to make the accounting and return filing process integrated, accurate and less time consuming is becoming a reality much faster. This does not mean that it will do away the need of humans in processing, but will surely automate […]

Issues Relating To Determining And Disclosing Outward Supply In Annual GST Return

February 13, 2019 27846 Views 3 comments Print

Goods and Service Tax revolves around the occurrence of the event supply, the whole concept of indirect taxation in the new GST regime have changed from the point of ‘manufacture’ under erstwhile central excise law or providing of ‘service’ under erstwhile service tax law or point of ‘sale’ under erstwhile Sales Tax/ VAT law to the point of ‘supply’ under the new GST law.

Taxability of Lump sum Payments or Monthly Financial Assistance

February 13, 2019 30129 Views 3 comments Print

Lump sum Payments or Monthly Financial Assistance made gratuitously or by way of compensation or otherwise to window / other legal heirs of employee after his death is taxable or not

Selection of Most Appropriate Method – whether mandatory under transfer pricing regime?

February 13, 2019 2868 Views 0 comment Print

M/s. CLSA India Private Limited Vs DCIT (ITAT Mumbai) Facts of the case: The assessee company, i.e. CLSA India Private Limited is a subsidiary of Credit Lyonnais Securities Asia (CLSA) incorporated in Netherlands. The assessee is primarily engaged in the business of equity broking. The assessee’s customers comprise of foreign institutional investors (FIIs) and domestic […]

Interim budget has good news for property owners as well

February 13, 2019 15414 Views 3 comments Print

This interim budget as expected intends to harvest good votes in the election season and has therefore proposed various beneficial proposals for small tax payers It  proposes various provisions which are beneficial for the owners of property. Let us discuss. Enhancement for limit on TDS on rent The Finance Minister (FM) has proposed to enhance […]

GST on Manpower Supply services to Panchayats for operation of tube well & booster of drinking & irrigation water supply

February 13, 2019 1449 Views 0 comment Print

In re R. R. Enterprises (GST AAR Haryana) Whether the provision of services (Manpower Supply) of tube well operator for operation of tube well and booster of drinking and irrigation water supply in various villages covered under Panchayat are exempt or taxable? It is case of the applicant that services supplied by it are exempted, […]

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