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Archive: 16 September 2020

Posts in 16 September 2020

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

May 15, 2024 7002 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.

Refund on Inverted Tax Rate Structure-Anomaly Persists!!

September 16, 2020 5991 Views 1 comment Print

INTRODUCTION: Under the Central Goods and Services Tax Act, 2017 normally, the refund provisions under Section 54 of the Act applies in the following cases :- 1. Zero Rated Supplies (Exports to a country outside India & Supplies to SEZ). 2. Inverted Tax Rate Structure. “Inverted Tax Rate Structure” means a situation when there is […]

Request to extend due date of GSTR 9 & 9C for F.Y. 2018-19

September 16, 2020 35619 Views 10 comments Print

Ae would like to humbly request your honour to kindly extend the due date of filing GSTR 9 and GSTR-9C for the Financial year 2018-19.

Equalisation Levy 2.0 – Non-payment of tax by major tech giants

September 16, 2020 2673 Views 0 comment Print

Equalisation Levy is a form of direct tax. The primary issue with such type of unconventional taxing is lack of payment getaways and methods, for this reason the payment is withheld at the time of payment by the service recipient.

Is Income Tax is tax on income or tax on turnover ????

September 16, 2020 5196 Views 0 comment Print

Most of taxpayers under Income tax act, 1961 afraid to file appeal against additions made by assessing officers due to fear of departmental procedures/penalty/bar/attachment in  the thought process of normal taxpayers. however, most of cases  seen  where department made disallowance of expenditure even if payment made through  electronic payment system due to unsupported documents/evidence towards […]

Cost recovery from employees – Whether taxable & ITC implications

September 16, 2020 12918 Views 0 comment Print

1. An employer may be providing certain facilities (e.g. transportation, canteen, etc.) to its employees as part of the employment contract. For the sake of maintaining accountability, the employer may also be recovering a certain portion of the cost incurred from the salaries payable to the said employees. Now the following issues will arise in […]

Alternative Disput Resolution and Arbitration

September 16, 2020 3165 Views 0 comment Print

A dispute arises as soon as a person is born and this carries out throughout his life. A small child has a dispute with his parent with regards to his choice of food he eats, games he plays. Dispute can arise between parties where they have common interest in a thing but they have different of opinion on the method of fulfilling that interest.

22 queries & solutions relating to GSTR-9 for 2018-2019

September 16, 2020 25716 Views 11 comments Print

1. Whether the figures of supply made during 2017-18 but disclosed and tax paid in 2018-19 will be reported under the Table 4 of 2018-2019? While preparing the GSTR-9 for 2017-18, the said amount of under reporting must have been shown in Table 10 of the GSTR-9 of 2017-18. Table 4 of GSTR-9 of 2018-19 […]

Deemed dividend provisions not attracted to running account with Group companies to meet business exigencies

September 16, 2020 1143 Views 0 comment Print

Budhia Agencies Pvt. Ltd. Vs DCIT (ITAT Kolkata) Learned authorized representative vehemently contends that the impugned deemed dividend addition is not sustainable in the eyes of law. His case as per page 4 of the paper-book indicating the assessee’s ledger in the books of M/s Republic Tractor Motor Pvt. Ltd. is that it had been […]

Impact of Measures Announced In Response To Spread of Covid-19 On Corporate Compliances

September 16, 2020 651 Views 0 comment Print

Impact of Measures Announced In Response To The Spread of Covid-19 On Corporate Compliances In response to the spread of the Covid-19 virus, various business support measures have been put in place by Central Government, State Governments, RBI, SEBI, Ministry of Corporate Affairs (MCA), ICSI and ROC. The purpose of this document is to present […]

Impact of Lockdown on India’s Export: Analysis and Government Initiatives

September 16, 2020 372 Views 0 comment Print

Read about the impact of the lockdown on India’s export industry, including a decline in overall exports. Discover the government’s key steps to boost exports and revive the economy.

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