Having afforded a hearing, ITO can not attach assessee’s bank straightway without informing as to whether the stand taken by the assessee is justified or not-High Court Prelude: Section 222 of the Income Tax Act, 1961 (the Act) provides that in where an assessee is in default or …
Reactivation of DINs of disqualified Directors has been completed and the status of the relevant DINs can be checked now for applying under CODS-2018 MCA has notified Condonation of Delay Scheme (CODS) (notified vide General Circular No.16/2017 dated 29th December 2017) for re-activation of companies that has been struck …
Comparable company following calendar year for maintaining accounts can not be used in contrast to assessee following financial year ending 31st March despite functional similarities – ITAT Prelude: Chapter X of the Income Tax Act, 1961 (the Act) contains Special provisions relating to avoidance of Tax. Section 92 …
GST FAQ Compilation on transportation and logistics CBEC has issued a comprehensive compilation of frequently asked question on transportation and logistics. The FAQ has been compiled after analysing various question received through various mediums. The FAQ comprises of total nineteen questions and answers. The questions replied in the FAQ ranges from basic …
Steps required for cancellation of GST Registration-Download User Guide/Manual with examples on detailed procedure for cancellation Who can file for cancellation of GST Registration? The following can file for cancellation of GST registration: 1. Existing Taxpayers. 2. Migrated Taxpayer whose application for enrolment has been approved. 3. Migrated …
GST Rate on Food prepared in office kitchens and served there is 5% without ITC. This has been clarified by the Official twitter handle of the GoI for queries on GST.
