Taxpayers can now provide amendment to details of invoices/ credit or debit notes etc filed in previous period, through Table 9 of Form GSTR 1.
It has been decided to extend the facility of payments in Indian rupees, through INR debit cards or credit cards at Duty Free Shops, without any need for conversion of foreign currency into Indian Rupees.
Taxpayers, who have opted for Monthly filing of Form GSTR 1, can do so for the month of July, August, September, October and November 2017, sequentially.
Without prejudice to the provisions contained in this Act, a company shall unless otherwise prescribed, make investment through not more than two layers of investment companies
The Institute of Chartered Accountants of India (ICAI), has released Digital Competency Maturity Model (DCMM) for Professional Accounting Firms to enable the members/ firms to assess the current digital competence of their firms and building their firms competencies for their own growth and the profession at large.
ITO Vs. Shreedham Construction Pvt Ltd (ITAT Mumbai) Section 68 casts the initial burden of proof on the assesse to show prima facie and to explain the nature and source of credit found in its When the statute places the burden of proof in income tax cases on the tax payer, it is understood to […]
Non-issue of notice u/s. 143(2) after filing of the return of the Assessee, by way of letter, makes the assessment order passed u/s. 143(3) r.w.s. 147 bad in law.
Merely because an even higher authority has expressed similar satisfaction does not obliterate the satisfaction of appropriate authorities.
What is contemplated by Section 263, is an opportunity of hearing to be afforded to the assessee. Failure to give such an opportunity would render the revisional order legally fragile not on the ground of lack of jurisdiction but on the ground of violation of principles of natural justice.
As alcoholic liquor for human consumption is outside the purview of GST such liquor served in restaurants will attract local taxes as per State laws. This is an amount to be paid in lieu of tax payable by restaurants opting for Composition Scheme & they shall not collect any tax from the customer on supplies, made by Them.
