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Standard Operating Procedure on TDS under GST-FAQ and Ready Reckoner for guidance of DDOs and other deductors under GST by Law Committee of GST Council Central Board of Excise and Customs has issued Notification No. 33/2017 – Central Tax making the TDS oricusuins under GST applicable from 18th September …
FAQ on TCS provisions under GST by Law Committee GST Council. E-Commerce operator has to obtain separate registration for TCS As per Notification No. 51/2018 – Central Tax, TCS provisions under GST applicable from 01.10.2018. Under section 52 of CGST Act, electronic commerce operator are liable to deduct TCS. …
Internal Auditor cannot undertake GST Audit of the same entity simultaneously- ICAI. Bar on internal auditor regarding tax audit also apply to GST Audit The ICAI had received the following query from the members and other stakeholders as to: Whether an internal auditor of an entity can also undertake GST Audit of …
High Court explains the law of taxation of agent / representative assessee u/s 163 who is liable to tax on both-income directly or indirectly arising / accruing in India through a business connection PILCOM treated agent u/s 163 of non-resident Foreign Cricket Boards liable to tax on income …
High Level Committee Constituted on CSR to review existing framework and guide / formulate roadmap for a coherent policy of CSR High Level Committee Constituted on Corporate Social Responsibility A High Level Committee on Corporate Social Responsibility – 2018 (HLC-2018) has been constituted under the Chairmanship of Shri. …
Assured return received on flat booking from Builder was interest income not capital receipt or income from other sources ABCAUS Case Law Citation: ABCAUS 2539 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: CIT Vs. Saurashtra Cement Ltd (2010) 325 ITR 042 (SC) : 192 …
Deduction u/s 54B allowed for purchase of agricultural land in the name of son to avoid future family disputes relating to the inheritance of the property ABCAUS Case Law Citation: ABCAUS 2538 (2018) 09 ITAT The appellant assessee was aggrieved by the order of the CIT(A) for the …
Sale of Electoral Bonds at 29 Authorised Branches of State Bank of India (SBI) starts with effect from 01st October, 2018 to 10th October, 2018. The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 02nd January 2018. As per provisions of …
Expenditure incurred for maintenance of immature rubber plants in replanted areas not allowable as deduction as per High Court judgment The assessee had challenged the order of CIT(A) in upholding the assessment order of the AO disallowing the cost of planting and maintenance of immature rubber plants. ABCAUS …
ITAT Condone delay as CA consumed time for preparation appeal papers. ITAT condoned the delay of 24 days in filing the appeal and admitted the appeal ABCAUS Case Law Citation: ABCAUS 2536 (2018) 09 ITAT There was a delay of 24 days in filing the appeal before …
