Rejected anticipatory bail application due to severity of allegations and conduct of assessee In Directorate General of CGST Intelligence (Delhi East Unit) v. Saurav Gupta [Bail Application No. 1423/21 decided on July 28, 2021] Saurav Gupta (Respondent), 90% shareholder of M/s Saurav Beverages Private Limited (Company) filed anticipatory bail application. The Department submitted that during […]
Court directed the department to make appropriate changes in the portal so as to enable the Petitioner to file returns and dismissed the petition. Further, If such payment is effected, the recipients of the Appellant shall not be denied ITC only on the ground that the transaction is not reflected in GSTR 2A.
There are many paid software’s are available for TDS Return preparing. However NDSL has provided their own Software which is very simple & easy to use. We can use the same for TDS Return Filing. If Assessee has done online registration on Income tax site then entire process become online. Advantage is that we can […]
This AAR deals with the point of taxation and time of supply with respect to flats allotted (transfer of possession) to landowner by the builder Post-GST implementation and entered in agreement fixing the total number of flats to be allotted in Pre-GST period.
यह निबंध भारत के हाल के कुछ वर्षो में विश्वगुरु बनने की राह पर द्रुतगति से आगे बढ़ने के संदर्भों और दावों का विश्लेषण कयह निबंध भारत के हाल के कुछ वर्षो में विश्वगुरु बनने की राह पर द्रुतगति से आगे बढ़ने के संदर्भों और दावों का विश्लेषण करता है । इस निबंध में लेखक […]
Tax is a mandatory fee levied by the Government on an individual or entity to collect revenue for public work and we all are aware of the importance of tax for the development of any country. But, in many instances, we come across the news in our surroundings about tax evasion or non-payment of tax […]
Residential Status for Indian Tax Purposes – Individual The residential status of an individual for tax purposes is crucial for determination of the taxable income. In India, an individual is treated as either “Resident” or “Non-resident” (‘NRs’) for tax purposes. Residents are further classified into “Resident and Ordinary Resident” (‘ROR’)” or “Resident but Not Ordinarily […]
Key Points of Private Placement under Section 42 of Companies Act, 2013 read with The Companies (Prospectus and Allotment of Securities) Rules, 2014 PRIVATE PLACEMENT{Explanation I of Section 42(3)} Private Placement means any offer or invitation to subscribe or issue of securities to a select group of persons by a company (other than by way […]
New functionality on Annual Aggregate Turnover (AATO) deployed on GST Portal for taxpayers- A. Introduction of the new functionality on taxpayers’ dashboard: √ The taxpayers can now see the exact Annual Aggregate Turnover (AATO) for the previous FY, instead of just the two slabs of Above or Upto Rs. 5 Cr. √ The taxpayers can […]
The World Bank (WB) announced on June 30, 2021 that it would be providing over $4 billion for the purchase and deployment of COVID-19 vaccines for 51 developing countries, half of which pertain to Africa. More than half of the financing would come from the International Development Association (IDA), the Bank’s fund for the world’s […]
