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GST Returns-Filing Process Type of return Revision of returns and penal provisions. CBEC explains the basics of GST Returns The basic features of the returns mechanism in GST include electronic filing of returns, uploading of invoice level information and auto-population of information relating to Input Tax Credit (ITC) …
CA made co-accused for preparing false projected financials for bank loan, High Court declines to interfere in criminal prosecution though CA was absolved by Disciplinary committee of ICAI ABCAUS Case Law Citation: ABCAUS 2058 (2017) (09) HC The Issue: Whether the exoneration of the Chartered Accountant (CA) …
Complete list of ministers after revised portfolios in Modi Cabinet. Cabinet ministers (27), State Ministers-Independent Charge (11) and State Ministers (37) PRESS COMMUNIQUE – President of India allocates portfolios of the Council of Ministers The President of India, as advised by the Prime Minister, has directed the …
Local puja and festival committees donations allowed as business expenditure as those contributions were paid to avoid confrontation and to smooth running of the business. ABCAUS Case Law Citation: ABCAUS 2057 (2017) (09) ITAT Assessment Year : 2011-12 Brief Facts of the Case: The assessee had claimed …
Registration 12AA cannot be denied on the ground of dissolution clause not providing transfer of income and assets to another similar institution registered u/s 12AA ABCAUS Case Law Citation: ABCAUS 2056 (2017) (08) ITAT Brief Facts of the Case: The Assessee was an university which had come into …
Disallowance u/s 14A read with Rule 8D beyond scope of rectification u/s 154 as the issue relating to applicability of section 14A is debatable – ITAT ABCAUS Case Law Citation: ABCAUS 2055 (2017) (08) ITAT The Grievance: The appeal filed by the assessee was directed against the order …
Waiver of late fee for filing Form GSTR-3B for July 2017 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No.28 /2017 – Central Tax New Delhi, the 01st September, 2017 G.S.R. ( )E.:- In exercise of the powers conferred by …
Non-furnishing reasons for reopening vitiated the assessment proceedings in law. If assessee did not repeat request cannot mean that he waived its right to be provided the reasons – High Court ABCAUS Case Law Citation: ABCAUS 2054 (2017) (08) HC The Grievance: Six appeals had been filed …
Reopening approval by an officer superior to Joint Commissioner invalid. Approval by a superior officer do not satisfy the requirement of Section 151(2) of the Income Tax Act. ABCAUS Case Law Citation: ABCAUS 2053 (2017) (08) HC The Grievance: This present writ petition was filed under Articles …
TDS provisions not applicable on internet leaseline charges u/s 194-I 194C or 194J of Income Tax Act as assessee only availed internet connection and was not using any asset, plant or machinery which involved payment of rent. ABCAUS Case Law Citation: ABCAUS 2052 (2017) (08) ITAT Important …
