The year 2017 has marked the beginning of the dream of a New India. The present Government under the leadership of Prime Minister Narendra Modi is forging ahead to usher a revolution of world-class infrastructure, enhanced connectivity and an India that shines on the global map.
Login into ICEGATE website using login credentials. II. Access the e-SANCHIT application by clicking on e-SANCHIT link provided in menu III. Upload document by clicking on Upload Documents button.
I haven’t applied for GST registration. Transition from Service Tax was automatic. Suggest the way to cancel the registration. Ans 2: Please refer to sub=-rule (4) of Rule 24 of of CGST Rules, 2017 wherein application for cancellation can be filed tin FORM GST REG-29.
Hyderabad Cricket Association is not engaged in activities in nature of trade and commerce or business and therefore, eligible to enjoy the benefit of section 11 of the Income Tax Act, 1961, the Income Tax Appellate Tribunal, Hyderabad bench said last week while disposing appeals filed by both HCA and the department.
In an appeal before Ahmedabad ITAT, DCIT vs. Parinay Organizers Pvt. Ltd., one of the grounds raised was that whether on the facts of the circumstances of the case, the CIT(A) was justified in deleting the penalty levied by the AO on account of dis allowances of interest expenses of Rs. 44,19,194/- without considering the merits of the case.
ACIT Vs. M/s. Sutures India Pvt. Ltd. (ITAT Bangalore)- ITAT Slams CIT(A) for violation of Judicial Discipline by taking contradictory view on issue already confirmed on merit by it and CIT (Appeals) have no jurisdiction to take any decision on issue which is already been decided by CIT under Section 263.
Your Honor are well aware that this year, professionals are busy in making compliance with GST obligations. GST Act is new, compliances are many, notifications are being issued everyday and the technical glitches in the system have aggravated the problems. Further dates are being extended everyday and the professionals have to make the compliances on daily basis. Accordingly, professionals are finding a very short time for making compliance with the income tax obligations.
Export will be treated as zero rated supplies. No tax will be payable on export of Goods or Services, however ITC will be available, and the same will be available as refund to the exporters. The exporter will have an option to either pay tax on the output or claim refund of IGST or export under bond without payment of IGST or claim refund of ITC.
Clarification has been sought by stakeholders as to whether approval of shareholders/ members of the corporate debtor/ company is required for a resolution plan at any stage during the process for its consideration and approval as laid down under sections 30 and 31 of the Insolvency and Bankruptcy Code, 2016
Onetime relaxation for condonation of delay in submission of installation certificate under EPCG Scheme is being provided. Public Notice No. 37/2015-20
