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Abcaus

mca portal

Extension of due dare for filing CRA-4 XBRL for FY 2017-18 upto 31.12.2018

administrator December 15, 2018 Companies Act
Extension of due date for filing cost audit report CRA-4 XBRL format for FY 2017-18 without additional fees upto 31.12.2018 General Circular No. 11/2018 F.No. 01/34/2013 CL-V Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi-1. Dated: 10.12.2018 …
Limitation period

Seizure of goods-Limitation for appeal under UPGST runs not from service of order on truck driver but owner– HC

administrator December 15, 2018 GST, High Courts
Seizure of goods under UPGST-Limitation period for appeal  starts not from the date of service of order on truck driver but the owner– High Court ABCAUS Case Law Citation:ABCAUS 2669 (2018) (12) HC A writ petition was filed in the Hon’ble High Court on the following interesting question …
house property income

No deemed rental house property income when flats held as stock in trade

administrator December 15, 2018 Income Tax, ITAT
No deemed rental house property income can be computed when flats are held as stock in trade – ITAT deletes addition ABCAUS Case Law Citation:ABCAUS 2668 (2018) (12) ITAT Important Case Laws Cited/reliedupon:M/s. Cosmopolis Construction vs. ITOM/s. C.R. Developments Pvt. Ltd. Vs. JCITM/s. Runwal Constructions Vs. ACIT Shri …
input tax credit

Assessee entitled to full ITC claim for VAT paid at higher rate – High Court

administrator December 14, 2018 GST, High Courts, VAT
Assessee entitled to full ITC forVAT paid at higher rate if the liability had been borne by the assessee and not passed on – High Court ABCAUS Case Law Citation:ABCAUS 2667 (2018) (12) HC The instant revision was filed by the assessee under the Uttar Pradesh Value Added …
tax evasion

GST evasion of Rs. 12766.85 crore identified in FY 2018-19 till November, 2018

administrator December 14, 2018 GST
GST evasion-During FY 2018-19, suspected GST Evasion amounting to Rs. 12766.85 crore identified till the month of November, 2018 Shri Shiv Pratap Shukla, Minister of State for Finance in a Written Reply to a question in Lok Sabha today stated that during the current financial year (between April …
RBI

Autonomy of RBI acceptable within the framework of RBI Act

administrator December 14, 2018 RBI
Autonomy of RBI acceptable within the framework of RBI Act says Minister of State for Finance. RBI transferred surplus fund of Rs. 2.65 lakh crores to Govt in last 5 years Shri Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in …

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