GST Portal calculation of late fee for GSTR-3B Return after due date Late Fee (CGST + SGST) payable by taxpayers will now be calculated on the GST Portal as below. GST Portal will now be calculating Late Fee (CGST + SGST) payable as below: Rs. 50 per day …
Destruction of Pan Masala stock on court’s order due to impermissible limits of magnesium carbonate disallowed u/s 37(1) being prohibited by law and not incurred for the purpose of business – ITAT ABCAUS Case Law Citation:ABCAUS 2124 (2017) (11) ITAT The Challenge/Grievance:The instant appeal was filed by …
Milling of paddy into rice not eligible for GST exemption under Notification 12/2017-Central Tax (Rate) Clarification Circular No. 19/19/2017-GST F. No. 354/263/2017-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit **** North Block, New Delhi 20th November 2017 To, The Principal Chief Commissioners/Chief Commissioners/ …
Aadhaar Data is Never Breached or Leaked UIDAI denies media news report, that 210 Government sites made Aadhaar info public Press Information Bureau Government of India Ministry of Electronics & IT 20-November-2017 14:22 IST Aadhaar Data is Never Breached or Leaked: UIDAI The Unique Identification Authority of India …
No deemed dividend u/s 2(22)(e) where personal property pledged as collateral security for enabling the company to obtain loan/credit facilities from bank – ITAT ABCAUS Case Law Citation:ABCAUS 2123 (2017) (11) ITAT The respondent assessee was one of the directors of a Private Limited Company with substantial interest. …
Voluntary disclosure in all cases cannot absolve liability of concealment penalty. High Court confirmed penalty u/s 271(1)(c) for deferral/avoidance of tax. Willful concealment is not an essential ingredient for attracting civil liability as is the case in the matter of prosecution under section 276C – High Court ABCAUS Case …
