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Assessee entitled to full ITC forVAT paid at higher rate if the liability had been borne by the assessee and not passed on – High Court ABCAUS Case Law Citation:ABCAUS 2667 (2018) (12) HC The instant revision was filed by the assessee under the Uttar Pradesh Value Added …
GST evasion-During FY 2018-19, suspected GST Evasion amounting to Rs. 12766.85 crore identified till the month of November, 2018 Shri Shiv Pratap Shukla, Minister of State for Finance in a Written Reply to a question in Lok Sabha today stated that during the current financial year (between April …
Autonomy of RBI acceptable within the framework of RBI Act says Minister of State for Finance. RBI transferred surplus fund of Rs. 2.65 lakh crores to Govt in last 5 years Shri Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in …
Bogus donation racket for approved research association u/s 35(1)(ii) by Shri Arvindo Institute of Applied Scientific Research Trust-CBDT Advisory F. No. 225/351/2018-ITA (II) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes**** Room N0. 245A, North BlockNew Delhi, the 14th December,  2018 ToAll …
CBIC has released a Lexicon on GST in Hindi The booklet gives a  legally correct Hindi lexicon for all GST related words and phrases with reference to CGST Act, 2017, CGST Rules,  2017 and IGST Act, 2017 . The lexicon has been constructed by compiling  all legal terms …
General Circular No. 12/2018 F. No. 1/4/2016-CL-IGovernment of IndiaMinistry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan,Dr. R. P. Road, New Delhi Dated: 13th December, 2018 ToAll RDs,All RoC,The Stakeholders Subject: Extension of the last date of filing of Form NFRA-1-reg. Sir, The Ministry of Corporate Affairs …
AO exceeded jurisdiction in dropping penalty on issues pending in quantum appeal-ITAT upholds exercise of revisional powers by CIT u/s 263 ABCAUS Case Law Citation: ABCAUS 2666 (2018) (12) ITAT The appellant assessee had contested the invocation of revisional jurisdiction u/s 263 of the Income Tax Act, 1961 …
Fair Market Value of property as on 01.04.1981-ITAT follows Supreme Court Guidelines and adopts value as suggested by both Revenue and the assessee ABCAUS Case Law Citation: ABCAUS 266 (2018) (12) ITAT The appellant assessee was an individual. The case of the assessee was selected for scrutiny under …
GST Annual return filing due date for the period 01.07.2017 to 31.03.2018 extended to 31.03.2019 Government of India Ministry of Finance (Department of Revenue) Order No. 1/2018-Central Tax New Delhi, the 11th December, 2018 S.O.(E).––WHEREAS, sub-section (1) of section 44 of the Central Goods and Services Tax Act, 2017 …
Set off of expenses against surrendered income held erroneous and prejudicial to the interest of the revenue as assessee failed to demonstrate that income surrendered had a business link. ABCAUS Case Law Citation: ABCAUS 2664 (2018) (12) ITAT Important Case Laws Cited/relied upon: M/s. Makson Distributors, Vs. The …
