"24 May 2019" Archive

GST payable on Security Services to University imparting graduation courses

In re Security and Intelligence Services (India) Ltd. (GST AAR Maharastra)

In re Security and Intelligence Services (India) Ltd. (GST AAR Maharastra) We find that the applicant has been given the status of a Deemed University by the University Grants Commission. The UGC was formally established 1956 as a statutory body of the Government of India through an Act of Parliament for the coordination, determination an...

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GST on Services of printing or reproducing contents of customers

In re Colo Color (Prop. Hiral Pinkal Rambhia) (GST AAR Maharashtra)

Whether the activity of merely printing or reproducing the content given by the photographers / retail customers on pen drive, CD, memory card or any other storage media will be classifiable under Service Code 998912 or 998386?...

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How to edit deductee details in unmatched TDS/TCS challans

Brief Steps for Online Challan Correction- Edit deductee details in unmatched challans This feature enables deductor to Edit deductee details in unmatched challans , this Functionality is available from FY 13-14 onwards only if Digital Signature Certificate is registered at TRACES website Step 1 : Login to TRACES Step 2 : Go to “Request...

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How to View Status of Regular & Correction TDS/ TCS statement filed

Important Information on Statement Status ♣ For Donwloading Form 16/16A, Consolidated file, justification Report, etc. and for filing Online correction, it is important that relevant statement should be processed. ♣ Statement Status can be viewed only after Login into TRACES by deductor ♣ Statement status will help Deductor to check...

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Proposed New GST Return Prototype – Introduction and Key Aspects

GSTN releases proposed New GST Return Prototype: The Goods and Services Tax Network (GSTN) has recently released a web-based prototype of the offline tool of new return system.  The said prototype is set to replace the existing mechanism of filing returns (GSTR 1 and GSTR 3B), and shall go live in the coming months. This […]...

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Form PAS-6 and its Applicability

Form PAS-6 (Reconciliation of Share Capital Audit Report on half yearly basis) and It’s Applicability Purpose: Reconciliation of Share Capital Audit Report on half yearly basis. Provisions: Pursuant to Rule 9A of Companies (Prospectus and Allotment of Securities) Rules, 2014 as amended vide Companies (Prospectus and Allotment of Sec...

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Conversion of Partnership Firm into Private Limited Company

Relevant Sections / Rules – Part XXI of the Companies Act, 2013 read with Companies (Incorporation) Rules, 2014 Requirements: a) Registered Partnership firm with minimum 2 or more Partners b) Minimum Share Capital shall be Rs. 100,000 (INR One Lac) for conversion into a Private Limited Company c) There must be provision in the Partnersh...

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How Capital Income Tax Is Calculated If We Demolish Property

One of the most lucrative investments in India is to invest in properties. People constantly buy, sell, renovate and even demolish properties as per their convenience. All of these transactions have income tax implications. Whenever there is a transaction of profit that falls in an appropriate income tax slab, the profit amount becomes ta...

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GST: Vehicle cannot be detained if No Tax Evasion and Valid documents

Avtar Trading Co. Vs State of U.P. (Allahabad High Court)

Avtar Trading Co. Vs State of U.P. (Allahabad High Court) Learned counsel for the petitioners submits that the opposite parties in most arbitrary and illegal manner have detained the vehicle as well as the goods. There is no contravention of the provisions and there is no evasion of tax. The driver of the vehicle was […]...

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NAA dismisses complain against builder filed mistakenly

M/s. Hermeet Kaur Bakshi Vs M/s Conscient Infrastructure Pvt Ltd. (National Anti-Profiteering Authority)

M/s. Hermeet Kaur Bakshi Vs M/s Conscient Infrastructure Pvt Ltd. (National Anti-Profiteering Authority) The main allegation of the above Applicant was that GST @12% was charged instead of 8%. However as noticed from the demand letter dated 16.04.2018 which the above Applicant had quoted the total value was shown as Rs. 3,21,124/- and the...

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