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Archive: 02 October 2019

Posts in 02 October 2019

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

May 15, 2024 6456 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.

CBDT clarification on MAT Credit on exercise of section 115BAA option

October 2, 2019 33309 Views 0 comment Print

Representations have been received from the stakeholders seeking clarification on following issues relating to exercise of option under section 115BAA: (a) Allowability of brought forward loss on account of additional depreciation; and (b) Allowability of brought forward MAT credit.

Changes effective w.e.f 01.10.2019 under GST

October 2, 2019 97980 Views 14 comments Print

In month of september, 2019, CBIC issued various notifications which have been effective from 01.10.2019. Here, we summarised the major changes which are going to effective from  01.10.2019. All below notifications shall be effective from 0.10.2019 Extension of Exemption List Entry No. Earlier  Now New Notification Principal Notification 7 Service provided by CG/SG/UT to a […]

Deduction under section 80RRB of Income Tax Act

October 2, 2019 11940 Views 0 comment Print

The term ‘Royalty’ defines the income received by the innovator against the usage of the patented innovation. The individual receiving such income can claim deduction under section 80RRB if they satisfy all the requisite conditions. The present article explains all the provisions attached with deduction available under section 80RRB of the Income Tax Act. Eligibility […]

Refund under GST – Zero rated supplies

October 2, 2019 10686 Views 1 comment Print

Refund under GST is dealt under Section 54 of CGST and SGST Act. GST refund is eligible for following cases 1) IGST paid on Zero rated supplies 2) Tax paid on inputs for Zero rated supplies (Export supplies) 3) Inverted Duty Structure 4) If taxable person has paid excess tax by mistake 5) Excess balance […]

Set off of MAT credit against Total Income computed U/s. 115BAA

October 2, 2019 13386 Views 2 comments Print

Understand the implications of the new tax sections, 115BAA and 115BAB. Learn about the restrictions on availing benefits and incentives for companies.

Knowledge about Trademark for safety of your Brand

October 2, 2019 2724 Views 1 comment Print

WHAT IS TRADEMARK? In general, trademark refers to ‘Brand’ or ‘Logo’. Trademark gives protection to your business name, symbol, phrase, design, tag line, brand name or logo which you are using for your business. It differentiates your product or service from others as it makes your customer recognize your product or service rendered. Trademark is […]

Reassessment without disposing of assessee’s objections by separate order makes jurisdiction of AO ultra-vires in law

October 2, 2019 7752 Views 0 comment Print

Since AO had purported to assume the jurisdiction for reopening of assessment, without having first disposed of assessees objections to the reasons by passing a speaking order, therefore, failure to follow the procedure renders the assumption of jurisdiction by AO ultra vires in law.

DIN system of CBDT launched- DIN must on Income Tax Notices

October 2, 2019 19083 Views 1 comment Print

All communication from Income Tax Department must have a computer generated DIN w.e.f. Oct 01, 2019 With effect from October 01, 2019, any communication from Income Tax Department without a computer-generated DIN i.e. Documentation Identification Number, be it a notice, letter, order & summon or any other correspondence,would be treated as invalid & shall be non […]

Online GST refund processing & single authority disbursement

October 2, 2019 33756 Views 0 comment Print

Online processing of refund applications and single authority disbursement GST Refunds – Online refund processing (End to End) has been deployed by GSTN. Consequently, refund ARNs generated from 26.09.2019 onwards would be processed online , including issuance of GST RFD-04, GST RFD-06 orders and disbursement of all tax heads like CGST/IGST/Cess and SGST/UTGST throughout India […]

Extension of last date of filing of Form DIR-3 KYC to 14/10/2019

October 2, 2019 1245 Views 0 comment Print

We are pleased to inform you that the MCA has extended the time limit for filing e-form DIR-3 KYC for Financial year 2018-19 till 14th October 2019. In this regard, the following amendments may be noted:

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