Month: September 2017
Direct Tax Collections up-to August, 2017 in the current FY 2017-18 show Growth of 17.5%. Beaten on demonetisaion and GDP front, Govt relies on tax figures Press Information Bureau Government of India Ministry of Finance 11-September-2017 19:12 IST Direct Tax Collections up-to August, 2017 in the current …
Counting of Specified Bank Notes-RBI says it uses hi-tech machines. Press had reported that RBI was not using machines for counting SBNs Reserve Bank of India September 10, 2017 RBI says it uses sophisticated machines for processing currency notes It has been reported in a section of the …
LIST OF GOODS-CHANGES IN GST RATE RECOMMENDED BY GST COUNCIL IN ITS 21st MEETING HELD ON 9TH SEPTEMBER, 2017 1. The GST Council has recommended changes in the GST rates on the following goods: S. No. HSN Description Present GST Rate Recommended GST rate 1. 0802 Walnuts, whether …
GST Council increases cess on mid-size-large cars and SUVs. The increase is 2 % on mid size cars, 5% on Large cars and 7% on SUVs In its 20th meeting held on the 5th of August 2017, the GST Council had considered the issue of cess leviable on …
Extension of due dates for filing GSTR1 GSTR2 and GSTR3 returns for the month of July 2017 to October and November 2017 as per GST Council Recommendations GSTR-1 Return due date for July 2017 extended to 10th October 2017 Press Information Bureau Government of India Ministry of Finance …
Computer generated bills-account-Objection u/s 65B of Indian Evidence Act should be lodged before cross-examination of witness-High Court For admissibility as evidence in a Court of Law, an electronic record (for example a computer generated invoice/bill) needs to be accompanied by a certificate as per section 65B of the …
Promotion and Posting of in the grade of PrCCIT-CCIT-DGIT CBDT by order no. 151 of 2017 dated 08/09/2017 has made the following promotions/changes/assigned additional charges: Grade Number of Officers promoted/ Locally changed/assigned additional charges Principal Chief Commissioner of Income Tax (Pr. CCIT) 13 CCIT/DGIT 3 CCIT/DGIT 4
Challenge to reopening u/s 147-Only reasons recorded relevant which the Court has to examine and not reasons or explanations given by the AO at a later stage – High Court ABCAUS Case Law Citation: ABCAUS 2066 (2017) (09) HC The Grievance: The assessee by the instant writ …
Religious and charitable society/trust can not be denied exemption u/s 11 if not exclusively meant for one particular religious community- High Court ABCAUS Case Law Citation: ABCAUS 2065 (2017) (09) HC The Substantial Question of Law urged/framed for determination: The Revenue urged the following question: Whether it …
Important points in filing of Form GSTR1 Return. Steps in Filing GSTR-1, Salient Features of Form GSTR-1, Pre-conditions for filing of Form GSTR-1 Attention taxpayers! Don’t wait for the last date, file GSTR-1, 2 and 3 within the prescribed period VISIT www.gst.gov.in Kindly note that, the following are …
