GST on Educational Services – Guide by CBEC “Education” is not defined in the CGST Act but as per Apex Court decision in “Loka Shikshana Trust v/s CIT”, education is process of training and developing knowledge, skill and character of students by normal schooling. Taxing the Education Sector …

Non speculative business loss can be set off against profits of any business including speculative business carried on by assessee – High Court  ABCAUS Case Law Citation: ABCAUS 2096 (2017) (10) HC The Challenge/Grievance: This instant Income Tax Appeal was filed under Section 260(A) of the Income Tax …

Steps in using latest version of GSTR-2 offline tool 2.0 1. Log in to GST Portal, click on “Returns Dashboard”. Select return period, on the next screen select “Prepare Offline” on the GSTR-2 returns file. 2. Navigate to download section and download data for GSTR-2 return preparation by …

GST Late fee being observed in September return is actually a carry forward of late fee of the return filed for the month of August. Any late fee left unpaid from previous tax period will be carried forward to next tax period . The calculation is done as …

GST-FAQ GSTR-3B Return Revision and Late filing. Traders are required to file other returns also if filed GSTR-3B.No waiver of late fee for August 2017  GST-FAQ GSTR-3B Question 1: Do I need to file other returns if I have filed GSTR-3B? Answer: Yes Question 2: I was not …

Affidavit of assessee not accepted as it was signed by some one else on behalf of the assessee and not by the assessee himself. High Court found no illegality in ITAT order.   ABCAUS Case Law Citation: ABCAUS 2095 (2017) (10) HC The Challenge/Grievance: This instant Income Tax …