Late fee for GSTR-1 5 5A reduced. date for filing GST REG-29 for cancellation of registration extended. Policy Changes recommended by GST Council Meeting.   The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The following Policy Changes have been …

Recommendations for Changes In GST/IGST Rate and Clarifications in Respect of GST Rate on Certain Goods -As per discussions held in the 25thGST Council Meeting  The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The Council has recommended certain …

Highlights of decisions taken at 25th meeting of GST Council held on 18th January 2018 at New Delhi As per Press Briefing of Finance Minister, GST rate has been cut down on 49 items while on 29 items will have GST rate of NIL. Finance Minister briefing the …

ICAI to identify non-performing employees ICAI has constituted a Group to study how Government Departments deal with non-performing employees and to identify non-performers in ICAI. The Group shall study the procedure followed by the Government Authorities for dealing with non-performing employees and to identify employees who are not …

Provision for interest on overdue fixed deposits was ascertained liability as the assessee was able to identify it when it filed returns-High Court ABCAUS Case Law Citation: ABCAUS 2168 (2018) (01) HC Important Case Laws Cited/relied upon by the parties: Bharat Earth Movers Ltd. Vs CIT, (2000) 245 …

Specifying limb of penalty section 271(1)(c) arises only when addition is made by the AO and not where assessee surrenders the income – ITAT Prelude: Issuance of show cause notice u/s 274 of the Income Tax Act, 1961 (the Act) for imposing penalty u/s 271(1)(c) of the Act …