Entertainment Services under GST to have lower tax incidence. Service providers eligible for full Input Tax Credits of GST paid for inputs Ministry of Finance 23-May, 2017 Press Release Lower Tax Incidence on Entertainment Services under Goods and Services (GST) Tax Service providers shall be eligible for full …
Bogus Purchases-AO cannot sit back and make addition without enquiry simply relying on information from Sales Tax Deptt. and issuing notices u/s 133(6)-ITAT ABCAUS Case Law Citation: ABCAUS 1258 (2017) (05) ITAT The Grievance: The instant case deal with four appeals. Common grievance of all the assessee pertained …
Change in CA Firm Constitution on Account of Partner Leaving and Allied Issues. ICAI forms groups to review the decisions Formation of a Group for Reviewing the Decision Regarding Noting of Change in Constitution on Account of Leaving of Partner of Firm and Allied Issues No.M-626/17/2017 22nd May, …
CBDT signed two Unilateral APA with Indian taxpayers related to chip design/development of embedded software and IT software development sectors Central Board of Direct Taxes (CBDT) signs 2 Unilateral Advance Pricing Agreements (APA) with Indian taxpayers taking the number of APAs signed in the current Financial Year to …
Penalty 272A(2)(k)-Accountant left services was reasonable cause. If TDS + interest paid and statements filed though belatedly there was no loss to Revenue – ITAT ABCAUS Case Law Citation: ABCAUS 1257 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Commissioner …
Handling-distribution loss in dealing wholesale poly pack milk allowed. The nature of business demanded such losses and the percentage incurred was consistent. ABCAUS Case Law Citation: ABCAUS 1256 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Commissioner of Income Tax …
