Month: October 2017
Charitable Trust registration us 12A-Amendment of Rule 17A and Form 10A. Draft Notification inviting comments and suggestions Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 18th October, 2017 PRESS RELEASE Draft Notification of amendment of Rule 17A and Form 10A …
Actions to be taken by receiver taxpayer in GSTR 2 Actions to be taken by receiver taxpayer in GSTR 2 1. The records added (Saved /Submitted) by supplier in GSTR-1 will be available in B2B invoices and Credit/Debit Notes section under tab “Uploaded by Supplier”. 2. Select “Uploaded by supplier” …
Income Tax CASS Scrutiny parameters for Returns received in FY 2017-18 DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Centre, Ground Floor, E-2, Jhandewalan Extension, New Delhi-110055 Ph No-0120-2770029E-mail id- adg2.systems@incometax.gov.in F.No. DGIT(S)/ADG(S)-2/CASS 2018/2017-18 …
GST-Refund of unutilised Input Tax Credit (ITC) A Guide by CBEC Accumulation of Input Tax Credit happens when the tax paid on inputs is more than the output tax liability. Such accumulation will have to be carried over to the next financial year till such time as it …
GST on Educational Services – Guide by CBEC “Education” is not defined in the CGST Act but as per Apex Court decision in “Loka Shikshana Trust v/s CIT”, education is process of training and developing knowledge, skill and character of students by normal schooling. Taxing the Education Sector …
Non speculative business loss can be set off against profits of any business including speculative business carried on by assessee – High Court ABCAUS Case Law Citation: ABCAUS 2096 (2017) (10) HC The Challenge/Grievance: This instant Income Tax Appeal was filed under Section 260(A) of the Income Tax …
Steps in using latest version of GSTR-2 offline tool 2.0 1. Log in to GST Portal, click on “Returns Dashboard”. Select return period, on the next screen select “Prepare Offline” on the GSTR-2 returns file. 2. Navigate to download section and download data for GSTR-2 return preparation by …
GST Late fee being observed in September return is actually a carry forward of late fee of the return filed for the month of August. Any late fee left unpaid from previous tax period will be carried forward to next tax period . The calculation is done as …
GST-FAQ GSTR-3B Return Revision and Late filing. Traders are required to file other returns also if filed GSTR-3B.No waiver of late fee for August 2017 GST-FAQ GSTR-3B Question 1: Do I need to file other returns if I have filed GSTR-3B? Answer: Yes Question 2: I was not …
Affidavit of assessee not accepted as it was signed by some one else on behalf of the assessee and not by the assessee himself. High Court found no illegality in ITAT order. ABCAUS Case Law Citation: ABCAUS 2095 (2017) (10) HC The Challenge/Grievance: This instant Income Tax …