What is Micro, Small and Medium Enterprises? MSME is classified under two categories. Manufacturing Enterprise Service Enterprise They are defined in term of investment in plant and Machinery/Equipment- Enterprises Micro Small Medium Manufacturing Rs. 25 Lakh More than Rs. 25 Lakh but less than Rs. 5 Crore More than 5 Crore but less than 10 […]
Bombay Chartered Accountants’ Society has made a Representation on ‘Suggestions for Amendments in the Income Tax Act’, on 24th May, 2019, to the Joint Secretary TPL, Central Board of Direct Taxes, Ministry of Finance, Government of India.
This Article Analyse All Possible Scenarios When There is Mismatch Of ITC Between Books & GSTR 3B Filed. Also Solutions Are Provided When There Is Difference Of Claimed ITC & ITC Reflected In GSTR 2A. Mainly It Is Focusing On Table 6J and Table 8D Difference Where Even Help Menu In GSTR 9 Guideline Is Also Silent. Hope […]
GST on goods supplied to and from Duty Free Shops is rightly conferred and the claims of any accumulated unutilized ITC are refundable to respondent.
If you ever lose your phone; hurdles, measures and precautions to be taken in order to reduce your struggles and inconvenience This article is crux of an experience (sort of a nightmare) which I had when I lost a phone along with a SIM card which is used for all business purposes, for all personal […]
Participants in the capital market in India have been early adopters of technology. SEBI believes that encouraging adoption and usage of financial technology (‘FinTech’) would have a profound impact on the development of securities market. FinTech can act as an instrument to further develop and maintain an efficient, fair and transparent securities market ecosystem.
Smt. D. Zeenath Vs ITO (Madras High Court) Conclusion: Assessee created mortgage after acquiring the property and clearing off of the mortgage debt prior to transfer of the property would not entitle her to claim deduction under section 48 as there was only a mere application by the owners themselves of the profits realized on […]
In re Greentech Mega Food Park Pvt. Ltd. (GST AAR Rajasthan) Whether the Lease Agreement between the Applicant Company i.e. the lessor and the lessee for a period of 99 years is a sale of immovable property and outside GST and is exempt from levy of GST? If the present transaction of giving land on […]
In re National Highway Authority of India (Regional Office) (GST AAR Rajasthan) We observe that the applicant is a Central Government entity whose primary work is building roads and bridges. Shifting, dismantling and raising of transmission lines is done by the applicant as and when required for safe electrical clearances during the widening of the […]
In view of the reorganization of Divisions in the Ministry of Home Affairs and allocation of work relating to countering of terror financing to the Counter Terrorism and Counter Radicalization (CTCR) Division, the Government has modified the earlier order dated August 27, 2009 by the order dated March 14, 2019
