No Generation of Part A of e-way Bill will be allowed if 2 consecutive returns are not filed for the tax period up to August, 2020 w.e.f. October 16, 2020 The CBIC vide Notification No. 79/2020- Central Tax dated October 15, 2020 inserted fourth proviso to Rule 138E(b) of the CGST Rules w.e.f. March 20, […]
Bain & Company India Private Ltd. Vs DCIT (ITAT Delhi) We find the AO in the instant case disallowed the provision of professional cost amounting to Rs. 94,97,000/- debited to the profit and loss account on the ground that the assessee could not substantiate the basis for making the said provision. There was no invoice […]
Assessee made the detailed submissions inter alia contending that the provision of section 194H, 194C, 194J were not applicable to the case because the payment was not for any contractor of services or work, there was no relationship of agency.
Securities and Exchange Board of India (SEBI) has notified Securities and Exchange Board of India (Investment Advisers) Regulations, 2013 on 21st January, 2013 and amended from time to time. SEBI, after considering the inputs from public consultation, reviewed the framework for regulation of Investment Advisers (IA) and in exercise of the powers conferred under Section […]
Under GST, when an audit of accounts is conducted, the auditor is required to prepare GSTR 9C which requires much details about the year under audit in different ways. Table 14 which requires an expense wise bifurcation of the Inputs availed is labor intensive, mainly owing to the fact that such a requirement was not […]
Gurvinder Singh Sohal Vs Central Bureau of Investigation (Special CBI Court, Panchkula) As per the prima facie case of the prosecution, applicant- accused along with co-accused demanded bribe/undue advantage of Rs.9 lacs from the complainant on 06.08.2020 and accepted Rs.3 lacs as part payment of bribe on 06.08.2020 and further demanded and accepted remaining bribe […]
DCIT TDS Vs Reliance Communications Ltd. (ITAT Mumbai) Roaming charges paid by the assessee to the other telecom service provider are not in the nature of ‘fee for technical services’ no TDS under section 194J is liable to be deducted. Once there is no liability for deducting tax at source, question of charging interest under […]
Dear friends, in continuation of my earlier articles related to beneficial schemes for NGO’s and other corporates in India, in this article I am going to explain about one more opportunity for NGO and other business organisation, which is prime requirement for getting projects under Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GLY) is Permanent Registration […]
Among many intricacies of GST moving around, one is about GST implication on the ‘export of services’ and ‘Intermediary Services’. Different GST treatment provided to these two supplies and lack of clarity in GST law dragged some taxpayers to the way of litigation. Lets us try to interpret this. GST Law has defined these two […]
DCIT Vs Convergys Customer Management Group Inc. (ITAT Delhi) It is mandatory for all taxpayers, without exception, to obtain an independent accountant’s report in respect of all international transactions between associated enterprises or specified domestic transactions. The report has to be furnished by the due date of the tax return filing. Even if it is […]
