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GST not payable on drilling bore wells and their energisation for Govt entities

September 18, 2019 20625 Views 1 comment Print

It could be seen from the above that the function of implementation of individual irrigation works has been entrusted to the Taluk Panchayat. The activity of drilling bore wells and their energisation, involved in the supply of the applicant is clearly in relation to the said function entrusted to the panchayat by Government of Karnataka, stipulated under Article 243 G of the Constitution of India. Thus the third condition is also satisfied.

Correction Window for CA Exams, Nov 2019 Extended to 18-09-2019

September 18, 2019 549 Views 0 comment Print

Candidates who had applied for Chartered Accountant Examinations i.e. Foundation Course {Under New Scheme}, Intermediate (IPC) {Under Old Scheme}, Intermediate {Under New Scheme} and Final {Under Old & New Scheme} scheduled from 1st to 18th November, 2019 may kindly note that they can change their Examination City / Group / Medium through Correction Window from 12.9.2019 (11 Hrs) to 18.09.2019 on icaiexam.icai.org.

Start-Up – A Growth Engine For Economy

September 17, 2019 1215 Views 0 comment Print

Start-up India is a flagship initiative, launched by government in January 2016, within the ambit of the ‘Make in India’ programme. Start-up India was brought in with the intention to build a strong eco-system for promoting innovation, improve sustainable economic growth and to generate large scale employment opportunities.

GST on amount collected by RWA from members for setting up corpus fund

September 17, 2019 27408 Views 0 comment Print

In re M/s Vaishnavi Splendour Home Owners Welfare Association (GST AAR Karnataka) i. Whether the applicant is liable to pay CGST and SGST on the amount of contribution received from its members? The applicant is liable to pay CGST and SGST on the amount of contribution received from its members as their activities of amounts […]

AAR on GST on Maintenance, Electricity Charges etc. charged by Housing Society

September 17, 2019 24069 Views 4 comments Print

In re M/s Prestige South Ridge Apartment Owners’ Association (GST AAR Karnataka) Question 1) Whether the activity of procuring Goods and Services from third parties for upkeep and maintenance of Apartments and collecting the monies from its members to pay third party vendors is an activity liable to GST? Answer 1. The activity of procuring […]

Discharge & Back to town of Export Containers shipped to Pakistan from Nhava Sheva

September 17, 2019 2802 Views 0 comment Print

Representations are received from Exporters/Shipping Lines regarding permission to allow for back to town of containers already shipped to Pakistan in the light of cancellation of bi lateral trade between India & Pakistan on 09.08.2019.

SEBI (Prohibition of Insider Trading) (Third Amendment) Regulations, 2019

September 17, 2019 10482 Views 0 comment Print

SEBI notifies Securities and Exchange Board of India (Prohibition of Insider Trading) (Third Amendment) Regulations, 2019 on 17th September, 2019 and they shall come into force on the 100thday from the date of their publication in the Official Gazette. SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 17th September, 2019 SECURITIES AND EXCHANGE BOARD […]

How to View applications submitted under SVLDR Scheme, 2019

September 17, 2019 4440 Views 0 comment Print

Manual View applications submitted under SVLDR Scheme,2019 Step by step process: Step 1 : The tax officers of the designated committee will login in application using their SSO-ID. Step2: The tax officer clicks on GST icon from the screen. Step 3 : The tax officer click on the ” Menu “. Step 4: From the […]

Extend due date for filing Tax Audit reports and ITR to 30 November 2019

September 17, 2019 86037 Views 48 comments Print

Request for Extension of due date for filing of Tax Audit reports and Income-tax returns from 30th September 2019 to 30 November 2019 to Smt. Nirmala Sitharaman, Hon’ble Union Minister of Finance & Corporate Affairs.

CBDT omits Proviso to Sub-Rule (5) of Rule 2F of Income-tax Rules

September 16, 2019 2292 Views 0 comment Print

Rule 2F of Income-tax Rules, 1962 provides Guidelines for setting up an Infrastructure Debt Fund for the purpose of exemption under clause (47) of section 10. In this Rule Proviso to sub-rule (5) is been omitted by CBDT vide Notification No. 66/2019 dated 16th September, 2019 with effect from 16.09.2019. Text of the sub-rule (5) […]

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