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Archive: 13 July 2021

Posts in 13 July 2021

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

May 15, 2024 6354 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.

Live Course on How to Reply to GST Notices & SCN & to Fake ITC Notices? – Last day to Register

May 15, 2024 19380 Views 0 comment Print

Join our live course to learn expert strategies for replying to GST notices, SCNs, and fake ITC notices. Understand litigation nuances, evidence insights, and practical tips for effective responses. Register now!

GST Council News Letter for the Month of June 2021

July 13, 2021 1494 Views 1 comment Print

GST NEWSLETTER -JUNE 2021 GST Council Secretariat, New Delhi Highlights of 44 GST Council Meeting The 44th GST Council met on 12 June 2021 under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman through video conferencing. The meeting was attended by Union Minister of State for Finance & Corporate Affairs Shri […]

Empanelment for Stock Audit with Union Bank of India

July 13, 2021 15270 Views 0 comment Print

Applications are invited by Union Bank of India for empanelment of Stock Auditors, subject to fulfilment of the Eligibility Criteria related to educational qualifications, experience & other requirements

Works Contract Services under GST- A Compendium regarding Development/Changes in the law

July 13, 2021 24696 Views 2 comments Print

Works contract have always been a matter of mystery and doubts, however in current GST scenario many things are sorted out unlike erstwhile VAT and Service Tax laws. In this article we have tried to compile and discuss all the relevant sections, rules and notifications in lieu of Works Contract Services. At the Outset definition […]

Depreciation on smart phones functioning equivalent to computers

July 13, 2021 95070 Views 0 comment Print

Falcon Business Resources Pvt. Ltd. Vs DCIT (ITAT Delhi) The lower authorities while deciding the issue whether the depreciation is allowable on mobile phones @ 15% or considering the mobile phones computers @ 60%. This issue has been decided by the solitary decision of Hon’ble Kerala High Court in the case of Federal Bank Ltd. […]

SC pulled up department for delay in filing of appeal, imposes personal cost of Rs 25,000

July 13, 2021 1446 Views 0 comment Print

Hon’ble SC has in the case of UNION OF INDIA & ORS v/s M/S VISHNU AROMA POUCHING PVT. LTD. & ANR in SPECIAL LEAVE PETITION (CIVIL) Diary No(s). 1434/2021 has come down heavily on the lethargy on part of the revenue department in late filing of appeals, even when so much computerization have been achieved. […]

Article 25 not Gives any Immunity from Taxation to nuns & priests: Kerala HC

July 13, 2021 4953 Views 0 comment Print

Nirmal Rani Provincial House Vs. Union of India (Kerala High Court) Facts: 1. The appellants submitted that the salaries received by the nuns and priests and made over to the religious congregations were not chargeable to income tax, and tax was never deducted at source from the salaries paid to them. They relied upon circulars […]

DGGI booked about 8000 cases involving fake ITC of over Rs. 35000

July 13, 2021 1134 Views 0 comment Print

During the financial year 2020-21 the CGST zones and the Directorate General of GST Intelligence (DGGI) have booked about 8000 cases involving fake ITC of over Rs. 35000 crore. During the financial year 426 persons including 14 professionals such as CAs, Lawyers and masterminds, beneficiaries, directors etc were arrested.

Extension of time limit for filing claims under TMA Scheme

July 13, 2021 2019 Views 0 comment Print

The claims for assistance under the TMA Scheme for the quarters ending on 31.03.2020 and 30.06.2020 can be filed upto 30th September, 2021. Public Notice No. 14/2015-2020 | Dated The 13th July, 2021. Government of India Ministry of Commerce and Industry Department of Commerce Udyog Bhavan, New Delhi New Delhi Public Notice No. 14/2015-2020 | […]

IPA ICAI invites applications for the Post of Managing Director

July 13, 2021 537 Views 0 comment Print

Insolvency Professional Agency of Institute of Cost Accountants of India (Section 8 Company registered under the Companies Act, 2013) The Insolvency Professional Agency of the Institute of Cost Accountants of India (IPA ICAI), a Section 8 Company incorporated under Companies Act 2013 has been promoted by the Institute of Cost Accountants of India (Institute) and […]

Compensation paid to tenant for vacation of land allowable as deduction from Capital Gains

July 13, 2021 8229 Views 0 comment Print

Trimm Exports Private Limited Vs DCIT (Karnataka High Court) The issue which arises for consideration in this appeal is whether an amount of Rs.1 Crore paid as compensation by the appellant to the lessee can be claimed as expenses incurred in connection with transfer of the capital asset. The assessee was the owner of land […]

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