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Major decisions taken by 23rd meeting of GST Council Major decisions taken by GST Council at its 23rd meeting at Guwahati on 10th November, 2017 Only 50 items remain in top GST tax rate bracket of 28% 177 items now moved out of tax rate bracket of 28% …
Defective return notice u/s 139(9) for non tax audit. CPC has sent emails stating such notices were issued inadvertently and advised to ignore them It is reported by many assessees that even in the cases where tax audit report has been duly filed and duly approved, they have …
Manual paper return with refund claims filed by non super senior citizens not valid-CBDT As per Section 139(1) of the Income Tax Act, 1961 read with Rule 12(3) of Income Tax Rules, 1962, every individual whose total income during the previous year exceeds five lakhs or if any …
Correcting JSON file processed with error using GSTR 4 Offline Tool 1) In case of validation failure of one or more details upon processing of uploaded JSON file on the GST portal, status will be updated as ‘Processed with Error’ 2) Click the link to Generate error report. 3) Once …
Guide to download-Upload JSON file using GSTR 4 Offline Tool. Downloading JSON file using GSTR 4 Offline Tool 1) One can also download the earlier uploaded file and open it in the Offline tool using “Open Downloaded GSTR-4 JSON File” and modify, delete or correct the earlier declared values and …
CIT can exercise powers u/s 263 despite assessee’s appeal on that or some other aspect if the same was the subject matter of AO’s order, if in his opinion, it was erroneous-High Court ABCAUS Case Law Citation: ABCAUS 2119 (2017) (11) HC The Challenge/Grievance: The assessee was …
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017 RBI has notified the said Regulations which seek to regulate investment in India by a Person Resident Outside India. The Regulations supersedes of Notification No. FEMA 20/2000-RB and Notification No. FEMA 24/2000-RB …
Findings of Disciplinary Committee of ICAI related to misconduct by chartered accountants would ordinarily not be disturbed unless found to be unjust, unwarranted or contrary to law. High Court can not re-appreciate evidence on record or assess the findings of the Committee as an Appellate Authority-Gujarat High Court …
Common errors hindering disbursal of lGST export refund and decisions taken to address such errors-CBEC Circular Circular No. 42/2017-Customs F. No: 450/119/2017-Cus.IV(Pt. I) Govt. of India Ministry of Finance Dept. of Revenue Central Board of Excise and Customs ***** Room No.229-A, North Block, New Delhi, 7th November, 2017 …
linkage of Aadhaar number to Insurance Policies is mandatory under the Prevention of Money-laundering (Maintenance of Records) 2nd Amendment Rules 2017-IRDAI INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA Ref : IRDAI/SDD/MISC/CIR/248/11/2017 Dated: 8th November, 2017 CIRCULAR To Life and General lnsurers (lncluding Standalone Health lnsurers) Sub: The Prevention …