GST is levied on goods and services on supplies for a consideration in the course of business wherein in definition of business includes that any activity or transactions undertaken by the Central/State Government. However, certain exemption has been provided in regard to supplies made to Government and supplies made by Government. Except a few, most […]
Additions could not be made in respect of assessments already completed if no incriminating material was found during search or during 153A proceedings.
Late fee is levied u/s 47 of the CGST Act, 2017 on any registered person who fails to furnish returns by the due date at the rate of Rs.100 every day during which such failure continues subject to maximum amount of Rs.5000/-.
ICAI is gearing up to cross another milestone in its long historical journey towards technological advancement by adopting the e-hearings in its Disciplinary processes which is instrumental in bringing out cost-effective disciplinary mechanism.
A. Merit List – All India – November 2018 Intermediate (IPC) Examinations Merit List – All India – November 2018 Intermediate (IPC) Examinations S.No. Roll No Registration No Name Total Marks All India Rank Address/ City 1 637710 NR00461563 Arjun Minocha 519 1 Delhi / New Delhi 2 622187 NR00456857 Divya Gupta 500 2 Chandigarh […]
New Return Filing System of GSTN GSTN will focus, amongst others, on the development of new return filing, further improving the user interface, and Business Intelligence and Analytics. Improvement in User Interface on the basis of feedback is a continuous process. Few important initiatives/improvements made for better User Experience are: Questionnaire for filing GSTR-3B to […]
GST in India ‑ Policy Matters! Guide on GST policy matters for policy makers and policy influencer’s in India! Please find our handbook on GST Policy Matters which contains:- Policy level issues in GST – Legal issues in GST – Policy Way forward for GST
Compensation received by foreign companies from assessee for loss of business/profit would constitute business receipts in the hands of foreign companies but the same was not liable for TDS under section 195 as the foreign companies did not have permanent establishment in India.
Amount received by a retired partner from its erstwhile partnership firm could not be claimed as exempt under section 10(2A) as the reading of section makes it clear that it makes profit of a firm assessed as such exempt in the hands of its partners and assessee was not at all partner in the said firm.
The results of Chartered Accountants Intermediate (IPC) & Intermediate (New) Examination were declared today by the Institute of Chartered Accountants of India (ICAI). Chartered Accountants Intermediate (IPC) Examination held in November, 2018 I. Details of top three rank holders on All India Basis for Chartered Accountants Intermediate (IPC) Examination held in November, 2018 are mentioned […]
