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GST registration application: How to reply notice on GST Portal

January 9, 2018 13512 Views 0 comment Print

Manual on Filing Clarification for GST registration application submitted on GST Portal I have received notice for seeking clarifications for the registration application submitted on the GST Portal. How do I respond to the notice issued by the Tax Official? To respond to the notice seeking clarifications on the GST Portal, perform the following steps: […]

Licence fee paid for using MS Office software cannot be treated as Capital expenditure-

December 28, 2017 4293 Views 0 comment Print

By purchasing licence to use MS Office software assessee received enduring benefit in the course of earning of profit, however, it did not become owner of the software, therefore, licence fee could not be treated as capital expenditure.

Allowability of Depreciation on assets leased out

December 19, 2017 13551 Views 0 comment Print

Where assessee was a rightful owner of leased assets and lessees had confirmed the ownership of assets, and they had not claimed depreciation in their books of account for purchase and lease of assets, assessee was duly entitled to depreciation on such assets.

GST Enrolment of Existing Taxpayer with Provisional ID & Password

December 6, 2017 732 Views 0 comment Print

A. Manual on Enrolment of Existing Taxpayer with Provisional ID and Password I am an existing taxpayer registered under Excise, Service Tax and State Tax Laws such as VAT, Entry Tax, Luxury Tax and Entertainment Tax. I received SMS/ E-Mail with Provisional ID and Password. What are next steps for me? How do I begin […]

Anti-dumping duty on imports of color coated aluminium foil from China

November 22, 2017 402 Views 0 comment Print

The Designated Authority vide notification No. 14/06/2015- DGAD dated 10th March, 2017, notified its final findings recommending imposition of anti-dumping duty on the imports of aluminium foil origination in or exported from China PR.

Exemption U/s 54 available on amount invested despite non-completion of construction by builder within prescribed time

November 10, 2017 1494 Views 0 comment Print

ACIT Vs Shri Dilip Ranjrekar (ITAT Bangalore) It was held that despite the non completion of the construction of the new property by the builder, the assessee would be entitled to the benefit of exemption u/s 54 of the Act. We have heard the rival contentions and perused and carefully considered the material on record. It […]

Section 263 order invalid if it covers Matter not part of Limited Scrutiny

October 10, 2017 1896 Views 0 comment Print

Deccan Paper Mills Co. Ltd. Vs CIT-IV (ITAT Pune) Now, coming to the aspect of book profits which was considered by the Commissioner and the order of the Assessing Officer was held to be erroneous and prejudicial to the interest of revenue. In this regard, it may be pointed out that the case of assessee […]

Adjudicating Authority only can decide on Benami nature of property

August 16, 2017 558 Views 0 comment Print

Kailash Assudani Vs CIT (Madhya Pradesh High Court) High Court held that It is the Adjudicating Authority who is to decide the question of Benami nature of the property. The proceedings under Section 24 of the Act contemplates the issuance of show cause notice as to why the property specified in the notice should not […]

Where to find list of holidays applicable in GST regime

August 16, 2017 3954 Views 0 comment Print

FAQs on View Holiday List Q.1. How can I find out the working and non-working days of the Central Government and State Government? Ans. Check the list of Central Government and State-wise holidays so that you are aware of working and non-working days of the relevant state and central departments. This list is as per […]

What is API Access Permission under GST and why it is needed

August 16, 2017 59694 Views 0 comment Print

Taxpayers can avail services of any ASP/GSP to do GST compliance related activities such as filing Returns. To use ASP/GSP services, Taxpayers need to allow access to APIs for ASP/GSPs.

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