Recording AO satisfaction must for exempt income disallowance u/s 14A(2) and Rule 8(D) of the Income Tax Rules, 1962. High Court reverses ITAT judgment ABCAUS Case Law Citation: ABCAUS 2042 (2017) (08) HC Important Case Laws Cited/relied upon by the parties: Godrej and Boyce Mfg. Co. Ltd. v. …

Commissioner ordered to pay VAT Special Audit Fee to CA Firm when assessee defaulted despite there was no provision for direct payment at the relevant time ABCAUS Case Law Citation: ABCAUS 2040 (2017) (08) HC The Grievance: In the instant case, six writ petitions had been filed by …

GST on Selling of space for advertisement in print media-Clarification. 5% GST rate If agency works on principal to principal basis and 18% if works as an agent.  Press Information Bureau  Government of India Ministry of Finance 23-August-2017 16:58 IST GST on Selling of space for advertisement in …

National Anti-Profiteering Authority in GST. The Authority is constituted to ensure that consumer is protected from arbitrary price increase in the name of GST National Anti-Profiteering Authority in GST  Introduction: Any reduction in rate of tax on any supply of goods or services or the benefit of input …

Input Service Distributor in GST- ISD mechanism is meant for distributing the credit on common invoices pertaining to input services  Input Service Distributor in GST Introduction Input Service Distributor (ISD) means an office of the supplier of goods or services or both which receives tax invoices towards receipt …

Casual taxable person in GST-Registration Returns and Refund Casual taxable person in GST-Registration Returns and Refund explained by CBEC  Introduction “Casual taxable person” means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, …