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Archive: 13 June 2020

Posts in 13 June 2020

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

May 15, 2024 6501 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.

Know-how under development is self-generated asset & hence no Capital Gain Tax

June 13, 2020 4122 Views 0 comment Print

Whether the CIT(A) is correct in holding that consideration received on assignment of know-how is chargeable to tax as Capital Gains?

SC slaps fine for filing frivolous PIL seeking Ban on Coca Cola, Thums Up

June 13, 2020 888 Views 0 comment Print

SC against misuse of frivolous Public Interest Litigation (PIL) without any supportive technical data- slaps exemplary cost Public interest litigation(PIL) is a highly effective weapon in the armory of law for imparting  justice to the common man. It is a unique and unparalleled phenomenon in the Indian Constitutional Jurisprudence. It is a litigation on behalf […]

Revocation of cancellation of GST registration (Provisions & Practical steps)

June 13, 2020 6093 Views 5 comments Print

Section 29 of CGST Act 2017: Cancellation or suspension of registration. (1) The proper officer may, either on his own motion or on an application filed by the registered person or by his legal heirs, in case of death of such person, cancel the registration, in such manner and within such period as may be […]

CGST Act with Rules updated Upto 04-04-2020 (Section 67 to 174)

June 13, 2020 4188 Views 1 comment Print

In Part one Author updated Section 1 to 66 of CGST Act 2017 as on 04.04.2020.  Author taken CGST ACT, 2017 and GST Rules published in various sites as source files and compiled the booklet with Sections and appended the related rules below each section. CGST Act with Rules – Updated Upto 04-04-2020 (Section 1 […]

Reverse Brainstorming : A Creative Group Problem-Solving Technique Approach for Complex Problems

June 13, 2020 11913 Views 0 comment Print

Brainstorming is a creative group problem-solving technique and a great way to gather ideas that involves the spontaneous contribution of ideas from all members of the group. This Technique is sparingly used in almost all Projects. Reverse Brainstorming, on the other hand, flips traditional brainstorming techniques upside down, allowing you to approach complex problems from a different […]

Highlights of 40th GST Council Meeting with FAQs

June 13, 2020 3957 Views 4 comments Print

1. Waiver of Late Fees:No late fee will be charged for non-filing of GSTR 3B during the tax period from July, 2017 to January, 2020 if there is no tax liability. Provided that GSTR 3B returns are furnished between July 1, 2020 to September 30, 2020. 2. Reduction in Late Fee:Reduction in late fee will be […]

Current Scenario of GST On Director’s Remuneration

June 13, 2020 1983 Views 0 comment Print

The question of taxability of director’s remuneration has been a subject matter of dispute so far as taxability is concerned. The recent advance rulings on the subject have created more confusion than clarity on this issue. Here is an attempt to look into the taxability aspect in the light of law and advance rulings. Supply […]

Checklist for preparation of GSTR-3B

June 13, 2020 12084 Views 2 comments Print

Savita Joshi INSTRUCTIONS FOR PREPARING ♦ The comments indicate suggested answers , however it can be suitable modified on case to case basis. ♦ This is to be completed on the basis of financials of the client for the month. ♦ To download and attach GSTR -2 A for the month as availble on GST […]

Reconciliation of Output Tax Liability & Reporting In GSTR 9 for FY 2018-19

June 13, 2020 9924 Views 2 comments Print

The process of preparing and filing of annual return in GSTR 9 for FY 2018-19 under GST has started and there have been a number of doubts arising as to how to reconcile the output tax liability under various tables pertaining to the FY 2018-19, because the GSTR 3B filed for 2018-19 contains rectifications for […]

Section 269SU: Mandating Acceptance of Payment through prescribed Electronic modes

June 13, 2020 4503 Views 0 comment Print

The applicability of the provisions of section 269SU to those business entities who do not receive payments from retail customers was always in question.

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