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Archive: 10 June 2019

Posts in 10 June 2019

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

May 15, 2024 6291 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 19320 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!

Practical Solution for Issues in ITC Reporting in GSTR-9

June 10, 2019 143115 Views 168 comments Print

GST law was supposed to Simply the Indirect Tax Practice & Compliance thereof. But the same seems to be nightmare. Annual GSTR 9 format introduced by GST Authorities has lot of complications being faced by Taxpayers & Tax Professionals. Government has recently given clarification on some issues, but a lot of clarifications are still awaited. […]

Due date of various GST Returns and applicability

June 10, 2019 24885 Views 0 comment Print

We know that GST has been implemented in India w.e.f 01.07.2017. In GST various types of returns are required to be filed. These returns are required to be filed on monthly, quarterly, annual as well as on one time basis depending upon the occurrence of some events (like transitional forms, ITC returns etc). Below table […]

GST AUDIT: GSTR-9C -Analysis of Point No. 5A to 5O

June 10, 2019 94026 Views 5 comments Print

POINT NO. 5  OF  FORM  GSTR 9C (CLAUSE WISE) – SHORT ANALYSIS 5A – Turnover (including exports) as per audited financial statements for the State / UT (For multi-GSTIN units under same PAN the turnover shall be derived from the audited Annual Financial Statement) The turnover as per the audited Annual Financial Statement shall be […]

DPT 3 – One Time Return & Annual Return- Comprehensive analysis

June 10, 2019 129999 Views 15 comments Print

Rule 16: Return of deposits to be filed with the Registrar: an annual return in Form DPT-3 shall be filed as return of deposit or particulars of transaction not considered as deposit or both and furnish the information contained therein as on the 31st day of March of that year duly audited by the auditor of the company.

Reg. Anti-dumping duty till 24.06.2019, on imports of “Paracetamol”

June 10, 2019 864 Views 0 comment Print

Seeks to extend levy of anti-dumping duty till 24.06.2019, on imports of ‘Paracetamol’ originating in or exported from china PR, imposed vide notification No. 39/2018 Customs (ADD), dated the 20th August, 2018,in pursuance order of Hon’ble High Court of Gujarat in the matter of SCA 5278/2019. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, […]

Post Incorporation Compliance: A Story

June 10, 2019 4764 Views 4 comments Print

We all know that doing business in India through a Private Limited Company has its own advantages (i.e. Limited Liability, the preferred structure for FDI, share capital-based ownership) as secured by the law in force viz. Companies Act, 2013. But before deciding that we should opt for Private Limited Company to carry out business it […]

Self-occupied property cannot enter into block of depreciable asset

June 10, 2019 3558 Views 0 comment Print

Further it is the claim of the assessee that subsequent to the sale of flat on which depreciation was claimed assessee has purchased a flat the income from which has been offered under the income from house property and that the new flat enters into the block of asset irrespective of the use. When the income from the new flat is being offered as income from house property by no stretch of imagination it can be said that it falls into the block of depreciable assets.

Suggestions to consider for Budget 2019 implementation on Taxation

June 10, 2019 8937 Views 2 comments Print

It is admirable that the erstwhile Finance Minister has brought down corporate taxes to 25% plus 4% cess in the First innings of the Government as promised. However, there are many taxes apart like the Dividend Distribution Taxes 20.56% effectively, Taxes on Dividend above 10 lakhs in Individual hands @ 10%. In effect its cumulative effect demotivates the earning for private limited companies.

Revisionary jurisdiction cannot be exercised against Void order

June 10, 2019 1125 Views 0 comment Print

Pioneer Distilleries Limited Vs Pr. CIT (ITAT Pune) In the present set of facts where the Commissioner himself has given a finding that the re-assessment proceedings have not been correctly carried out against the assessee and the Assessing Officer has failed to fulfill his obligation, then under such circumstances where, he has also held that […]

ITAT Member Selection Board can evolve its own procedure

June 10, 2019 3879 Views 0 comment Print

Puneet Sharma Vs Union of India & Ors. (Delhi High Court) 649 applications were received by Department of Legal Affairs’ circular dated 06th July, 2018 for 37 members (Judicial/Accountant) in ITAT. Considering the huge number of applications received for the above-mentioned posts, the interim Search-cum-Selection Committee deemed it fit to conjointly read Section 252 of the […]

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