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Archive: 14 February 2020

Posts in 14 February 2020

Cash credits can be taxed only in the year of credit

February 14, 2020 1143 Views 0 comment Print

Section 68 – Bogus Cash Credit – The expression ‘any previous year’ to mean as not referring to all the previous years, but, the previous year in relation to the assessment year concerned.

Recent Updates in GST till 13th February 2019

February 14, 2020 4128 Views 0 comment Print

Tax evasion and related arrests on tax offences have increased in last few weeks and the amounts involved are huge running into few thousand crores. Is it tax terrorism ! not for evaders. However, compliances continue to be troublesome. ‘We evolve and mature as we grow’ seems to be the Government’s stance. CBIC appears to […]

Mistake of two digits of vehicle no. in invoice & E-way bill is typographic error

February 14, 2020 23349 Views 0 comment Print

As per the facts in hand it appears that the mistake of two digits while entering vehicle no in invoice and E-way bill is a typographic error and may be treated as a minor one.

E-way bill- Shifting of Goods by other vehicle due to breakdown- Penalty despite vehicle no. updation unsustainable

February 14, 2020 18615 Views 0 comment Print

Integrated Constructive Solutions Vs Vs ACST&E-cum-Proper Officer (GST Appellate Authority, Himachal Pradesh) It appears that there is no dispute regarding quantity of goods and further all concerns documents were placed before the proper officer. It is a fact that the E-way Bill for the material in question was generated at 05:52 pm on 1-11-2018 and […]

Game where success depends upon substantial degree of skill are not gambling

February 14, 2020 2046 Views 0 comment Print

As per Section 12 of the Rajasthan Public Gambling Ordinance, 1949, the game involving ‘mere skill’ is exempted from the applicability of the Act/Ordinance and since ‘Dream 11’ game has been held to be a game of skill, no fault can be found by the answering respondents in the activity which is carried out by the private respondents.

Penalty imposed ignoring updated e-way bill is unsustainable

February 14, 2020 1206 Views 0 comment Print

On Dutt S/o Shri Bal Krishan Vs ACST&E-cum-Proper Officer (GST Appellate Authority, Himachal Pradesh) It appears that there is no dispute regarding quantity of goods and further all concerns documents were placed before the proper officer. It is a fact that The E Way bill for the goods in question was generated at 09:43 pm […]

Income tax returns are public documents & can be summoned by Court

February 14, 2020 16272 Views 0 comment Print

Income tax returns are public documents and they can be summoned by the Court. If same are produced before the Court , the same does not result in violation of Article 21 of Constitution of India, as they are Government documents and are accessible to others.

Information/ Documents Required For Incorporation of LLP

February 14, 2020 1410 Views 0 comment Print

A. Information Required For RUN (Name Approval Form) 1. Proposed Names (Maximum 2 Names) 2. Significant of Proposed Name 3. Object (Proposed Business) of LLP 4. Trademark/ NOC if any to use name. B. Information Required For Preparation of Incorporation Documents I. General Information: 5. Total No. of Designated Partner. 6. Total No. of Partners […]

Draft Submission against Interest Recovery on Gross GST Dues

February 14, 2020 21996 Views 8 comments Print

Draft Format of Reply / Submission against notice seeking  recovery of interest on the gross tax dues on account of delayed filing of GSTR 3B. To, Commissioner, Central/State GST, Commissionerate ____ Respected Sir/Madam, Re.:- Notice dated ___________ seeking recovery of interest on the gross tax dues on account of delayed filing of GSTR – 3B […]

Rajasthan HC allows bail application of a CA upon furnishing of personal bond

February 14, 2020 1644 Views 0 comment Print

Hon’ble HC, Rajasthan in Paridhi Jain v. State [S.B. Criminal Miscellaneous Bail Application No. 742/2020, 48/2020 dated January 20, 2020] after considering the fact that fact that the Petitioner being a practising Chartered Accountant and a lady of 27 years is facing incarceration for last more than one month, allowed bail application on furnishing of a personal bond of Rs. 10,00,000/- each with two sureties of ₹ 10,00,000/- each with the stipulation to appear before that Court on all dates of hearing.

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