ICAI’s contribution in GST recognized by Goods and Services Tax Network (GSTN) The Goods and Services Tax Network (GSTN) on the occasion of its foundation day on 5th April, 2019 felicitated The Institute of Chartered Accountants of India (ICAI) in recognition of its contribution and support in development of GST ecosystem. It …
Merger of Lakshmi Vilas Bank and Indiabulls Housing Finance Ltd not approved yet- RBI Reserve Bank of India Date : Apr 06, 2019 Announcement of Merger of Lakshmi Vilas Bank and Indiabulls Housing Finance Limited Reserve Bank of India (RBI) has learnt through media reports that Lakshmi Vilas Bank …
Sale of client relationship and goodwill by CA firm was of capital asset u/s 2(14) chargeable to tax under the head capital gain and deduction u/s 54EC was allowable – ITAT ABCAUS Case Law Citation: ABCAUS 2867 (2019) (04) ITAT The appellant assessee was a partnership firm carrying …
Capital introduced by partner can not be taxed in firms hand as undisclosed income. It could be added in the hands of partners only – ITAT ABCAUS Case Law Citation: ABCAUS 2866 (2019) (04) ITAT Important Case Laws Cited/relied upon by the parties India Rice Mills vs. CIT …
Clarification on exercise of option to pay central tax @ 3% on first supplies of goods or services upto an aggregate turnover of 50 lakhs Circular No. 97/16/2019-GST F. No. CBEC-20/16/04/2018 – GST (Pt. I)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy …
GST Tax Invoice Series to be used wef 1st April, 2019 and Bill of Supply. Taxpayers advised to make suitable modifications accordingly-GSTN Advisory Attention of all taxpayers is invited to Rule 46 (b) of the CGST Rules 2017, which specifies that the tax invoice issued by a registered …
