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 …