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Income Tax Search and Seizure
Income Tax Search and Seizure Whether an Income Tax survey proceedings u/s 133A of the Income TaxAct’1961 can be converted into an Income Tax Search and Seizure action u/s 132 of the Income Tax Act ‘1961 I. Introduction: It is seen in practice that in
FAQs on E Invoice under GST
1. What is E invoicing? Rule 48(4) has been inserted vide N/N 68/2019- CT dt 13.12.2019 which amends the rules w.r.t E invoicing. ‘E-invoicing’ or ‘electronic invoicing’ is a system in which B2B invoices are authenticated electronically by GSTN for further use on the
Debate on jurisdiction of Sushant’s Case
Jurisdiction of Sushant’s Case- A long debate in the honorable supreme court for the jurisdiction of Sushant’s case. Both states, Maharastra and Bihar want to claim the jurisdiction. The concept of Zero FIR was also discussed. Now eyes are on the final decision of the
Stamp Duty Valuation of Immovable Property
Stamp Duty Valuation of Immovable Property I. Preamble: Valuation of immovable property for the purpose of stamp duty is an important aspect. The stamp duty is payable as per the provisions of the Registration Act 1908. The ascertainment of this value has become a very
CA Pankaj GuptaAug 11, 2020Compliance A Ready Reckoner
Compliance A Ready Reckoner Comprehensive Charts for Indirect Tax and Direct Tax Compliances Indirect Tax (GST Compliance) GSTR-3B (As per Rule 61(5) of CGST Rules 2017) IF TURNOVER MORE THAN RS. 5 CRORE TAX PERIOD DUE DATE LATE FEES NO INTEREST* INTEREST RATE @ 9%
TaxTru Business AdvisorsAug 11, 2020Components of the definition of Plant and Machinery examined by AAR Madhya Pradesh
Components of the definition of Plant and Machinery examined by AAR Madhya Pradesh in Atriwal Amusement Park case on 09-06-2020 for allowability of ITC to an amusement park Section 17(5)(d) of CGST law restricts ITC on goods or services received for the construction of the
CA Vinamar GuptaAug 11, 2020MCA Notifies Companies (Indian Accounting Standards) Amendment Rules, 2020
MCA Notifies Companies (Indian Accounting Standards) Amendment Rules, 2020. The Central Government in the exercise of powers conferred under Section 133 read with Section 469 of the Companies Act, 2013, in consultation with the National Financial Reporting Authority (NFRA), hereby makes the following amendments in
Notification No. 69/2019 – Central Tax
Notification No. 69/2019 – Central Tax [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section(i)] Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Notification No. 69/2019 – Central Tax New Delhi, the
GST Implications on Association of Apartment Owners
GST Implications on Association of Apartment Owners I. Preamble : These days the concept of ‘Association of Apartment Owners’ is gaining lot of importance to facilitate the upkeep of the residential project which a Builder has developed as a Group Housing Complex. These housing complexes in the
CA Pankaj GuptaAug 10, 2020Notification No. 70/2019 – Central Tax
Notification No. 70/2019 – Central Tax [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection(i)] Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Notification No. 70/2019 – Central Tax New Delhi, the
Rule 144 of the CGST Act Recovery by sale of goods under the control of proper officer.-
Rule 144 of the CGST Act Recovery by sale of goods under the control of proper officer.- (1) Where any amount due from a defaulter is to be recovered by selling goods belonging to such person in accordance with the provisions of clause (b) of
Demystifying The Interpretation of ‘A Proviso’
Demystifying The Interpretation of ‘A Proviso’ Compendium • The proviso is generally not used but is resorted to providing conditions on riders to the main provisions. • The proviso qualifies the generality of the main section or clause by inserting an exception and take out
TaxTru Business AdvisorsAug 8, 2020