Fugitive Economic Offenders Ordinance 2018 : Features

By | April 22, 2018

Share this on WhatsAppMinistry of Finance With the assent of the President of India, the Fugitive Economic Offenders Ordinance, 2018 gets promulgated; New Law lays down the measures to empower Indian authorities to attach and confiscate the proceeds of crime associated with economic offenders and the properties of the economic offenders. Posted On: 22 APR… Read More »

GST Return filing : Issues and Challenges

By | April 22, 2018

Share this on WhatsAppThe Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Annexure – A Points of discussion with the Group of Ministers on 17th April 2018 on ” Return filing under GST-Issues and Challenges” A) Jurisdiction of Tax Payer. 1. Distribution of Taxpayers between Central and State is not… Read More »

Direct Taxes Law & Practice Book : 59th Edition A.Y. 2018-19 : Vinod K. Singhania

By | April 22, 2018

Share this on WhatsApp Direct Taxes Law & Practice -With special reference to Tax Planning (59th Edition A.Y. 2018-19) Paperback – 2018 by Dr. Vinod K. Singhania & Dr. Kapil Singhania (Author) For CA (Final) May/November 2018, CS (Professional) June/December 2018, CMA (Final) June /December 2018,M.Com/MBA/LL.b and other specialised examinations for academic year 2018-19 Price Rs 1099 Click to… Read More »

Taxmann Tax Practice Manual 2018 5th Edition

By | April 22, 2018

Share this on WhatsAppTax Practice Manual-Day to Day Tax Practice Guide for Professionals (As Amended by Finance Act 2018) by Gabhawala & Gabhawala (Author) A Tax Practice Guide especially conceived for Chartered Accountants &Tax Practitioners to assist them in their day-to-day Tax Works.*****Also Incorporating: More than 330 Case Studies to Deal with Real Life Animated Situations, Draft… Read More »

GST Audit Checklist

By | April 21, 2018

Share this on WhatsAppGST Audit Checklist we have compiled GST Audit Checklist Carry forward of Cenvat /VAT Credit : TRAN 1 Audit Checklist : Auditor should check :- Whether the person have filed TRANS-1 and the said form has carried forward all the accumulated credits appearing as closing balance in the service tax returns/Excise /VAT returns… Read More »

IDBI Bank Empanelment for Concurrent Auditors 2018-19

By | April 21, 2018

Share this on WhatsAppIDBI Bank Empanelment for Concurrent Auditors 2018-19 IDBI Bank invites online applications for Concurrent Auditors. The online system shall be available from April 01, 2018 till April 30, 2018 for allotments to be made during the year 2018-19 (July 2018 – June 2019). Link to Apply for Empanelment. Share this on WhatsApp

Default of Rs 41 Crore in GST Payments : Visakhapatnam Central GST Commissionerate

By | April 21, 2018

Share this on WhatsAppVisakhapatnam Central GST Commissionerate through a press note intimated that default of Rs.41 Crores in payment of GST and other taxes have been uncovered. The press note read: Visakhapatnam Central GST Commissionerate unearths Rs.41 Crores default in payment of GST and other taxes. Rs.18.09 Crores recovered. The Visakhapatnam Central GST Commissionerate, having jurisdiction over the Revenue districts of… Read More »

GST Final Return : Format and Provisions

By | April 21, 2018

Share this on WhatsAppGST Final return Notification No. 21/2018 – Central Tax for GST Final Return. Central Board of Indirect Taxes and Customs on 18th April 2018 vide Notification No. 21/2018 – Central Tax notified the FORM GSTR-10 for furnishing Final return in GST. Who is required to furnish the Final return in GST? As per section 45, of THE CENTRAL… Read More »

New NPS Subscriber Registration Form Prescribed by PFRDA

By | April 20, 2018

Share this on WhatsAppMinistry of Finance Pension Fund Regulatory and Development Authority prescribes New NPS Subscriber Registration Form – Additional Mandatory Requirements Posted On: 20 APR 2018 11:27AM by PIB Delhi Pension Fund Regulatory and Development Authority (PFRDA) has been established by the Government of India for regulation and development of Pension Sector in order… Read More »

GSTR4 Offline Tool Version V2.2 : download

By | April 20, 2018

Share this on WhatsApp GSTR4 Offline Tool Version V2.2 Download ; Unzip and open the GSTR-4 Offline utility (excel macro) to prepare your GSTR-4 return in offline mode. Download  Your downloaded (GSTR4 Offline Tool) zip file contains: GSTR_4_Offline_Utility (Excel Macro) FAQs and User Manual Returns Offline Tool_GSTR4 Readme ReleaseNotes Important! Before you Unzip and open the… Read More »

State Govt can not make rules for inter state movements under GST, UP TDF form not required : HC

By | April 20, 2018

Share this on WhatsAppHIGH COURT OF ALLAHABAD Satyendra Goods Transport Corp. v. State of U.P. PRASHANT KUMAR AND RAJAN ROY, JJ. MISC. BENCH NO. 5536 OF 2018 APRIL  13, 2018 Pradeeo Agrawal for the Petitioner. Dr. Deepti Tripathi, C.S.C., A.S.G. for the Respondent. ORDER   Rajan Roy, J. – Heard Sri Pradeep Agarwal, learned counsel for the petitioner, Sri Rahul Shukla, learned… Read More »

How to Submit Request for Rectification of Income Tax Return

By | April 20, 2018

Share this on WhatsApp Submit Request for Rectification of ITR To submit Request for Rectification, please follow the below steps: Login to e-Filing website with User ID, Password, Date of Birth/ Date of Incorporation and Captcha. Go to My Account and click on “Rectification Request”. Enter PAN, Assessment Year, and Communication Reference Number in the Latest order (either u/s… Read More »

FAQs on Tax audit

By | April 20, 2018

Share this on WhatsAppFAQs on Tax audit What is tax audit? ​​The dictionary meaning of the term “audit” is check, review, inspection, etc. There are various types of audits prescribed under different laws like company law requires a company audit, cost accounting law requires a cost audit, etc. The Income-tax Law requires the taxpayer to… Read More »

10 Recent Income Tax Judgments

By | April 20, 2018

Share this on WhatsAppIncome Tax Judgments 1 Depreciation on Road constructed on BOT basis allowed as Intangible asset : ITAT IN THE ITAT HYDERABAD BENCH (SPECIAL BENCH) Assistant Commissioner of Income-tax, Circle-16(2), Hyderabad v. Progressive Constructions Ltd. D. MANMOHAN, VICE-PRESIDENT J. SUDHAKAR REDDY, ACCOUNTANT MEMBER SAKTIJIT DEY, JUDICIAL MEMBER IT APPEAL NO. 1845 (HYD.) OF… Read More »

10 Recent GST Judgments

By | April 20, 2018

Share this on WhatsAppGST Judgments 1 Goods detained under GST could be released on giving bank guarantee : HC HIGH COURT OF KERALA Beena Steel Corpn. v. Assistant Sales Tax Officer, Thrissur A.K. JAYASANKARAN NAMBIAR, J. W.P. (C) NO. 28277 OF 2017 (H) AUGUST  31, 2017 JUDGMENT   1. A consignment of GI Squares, that was… Read More »

New GST Books in April 2018

By | April 20, 2018

Share this on WhatsAppNew GST Books in April 2018 Price Rs 1350 Click to buy online Click to View contents of this Book GST Ready Reckoner (6th Edition 2018) revised : VS Datey : April 2018 Book Price Rs 900 Click to buy online Click to view contents of Book Guide to the Goods and Services Tax:… Read More »

 Prevention of Money Laundering : Property held outside country is also proceeds of crime

By | April 20, 2018

Share this on WhatsAppPMLA-Property held outside country, amended provisions effective from 19thApril, 2018 The Finance Act has made an important amendment in the definition of “proceeds of crime” as appearing in Prevention of Money Laundering Act, 2002. Previously, the definition was amended in 2015 to include “property equivalent held within the country” in case proceeds of crime… Read More »

Maharashtra Intra state e way bill from 01.05.2018

By | April 19, 2018

Share this on WhatsAppNotification No. 15B/2018 -State Tax. No. JC(HQ)-1/GST/2018/Noti/1/E-way Bill/ADM-8. Dated 18 th April, 2018 In exercise of the powers conferred by clause (d) of sub-rule (14) of rule 138 of the Maharashtra Goods and Services Tax Rules, 2017, the Commissioner of State Tax, Maharashtra State, hereby makes the following amendments in the Notification… Read More »

Guide to IND AS under MAT (2nd Edition April 2018) Book Taxmann

By | April 19, 2018

Share this on WhatsAppGuide to IND AS under MAT (2nd Edition April 2018) Price Rs 595 Click to buy online Also Incorporating : Ind AS 115 Revenue from Contracts with Customers Notified on 29th March 2018 with MAT implications Paperback: 354 pages Publisher: Taxmann; 2nd Edition April 2018 edition (2018) Language: English Share this on WhatsApp

Income Tax Department advisory for salaried taxpayers

By | April 19, 2018

Share this on WhatsAppCentralized Processing Center, Bengaluru Income Tax Department Advisory Bengaluru, 16th April, 2018 Sub: Cautionary Advisory on Reports of tax evasion by under-reporting income or inflating deductions/Exemptions by salaried taxpayers. The Income Tax Department has from time to time issued advertisements requesting taxpayers to report their correct income in their Income Tax Returns. In… Read More »

Direct Tax Ready Reckoner with Tax Planning 2018-19 : Bharat Publication 6th Edition 2018

By | April 18, 2018

Share this on WhatsApp DIRECT TAXES READY RECKONER with Tax Planning 2018-19 Paperback – 2018 by Mahendra B. Gabhawala Price Rs 861. Click to buy online   About DIRECT TAXES READY RECKONER with Tax Planning   Chapter 1      Significant Amendments made by Finance Bill, 2018 Chapter 2      Guidelines for Online Submission Chapter 3      Due Dates Calendar (Monthwise) Chapter 4      Rates of Taxation Chapter… Read More »

No GST if Goods supplied from one Country to another country : AAR

By | April 18, 2018

Share this on WhatsAppAUTHORITY FOR ADVANCE RULINGS KERALA Synthite Industries Ltd., In re SENTHIL NATHAN S. AND N. THULASEEDHARAN PILLAI, MEMBER ORDER NO. CT/2275/18-3 MARCH  26, 2018 ORDER   1. M/s Synthite Industries Ltd, Synthite Valley, Kadayiruppu P 0, Kolenchery, Ernakulam District, Kerala – 682311 (hereinafter called the applicant) is a registered person under GST having GSTN: 32AADCS5616E1ZQ. 2. They… Read More »

Notification No 21/2018  Central Tax : CGST Fourth Amendment Rules 2018

By | April 18, 2018

Share this on WhatsAppNotification No 21/2018  Central Tax Notification seeks to make amendments (Fourth Amendment) to the CGST Rules, 2017 vide Notification No 21/2018  Central Tax Dated 18th April  2018 [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance Department of Revenue Central… Read More »

Pay GST on Recovery of Food expenses from Employee for Canteen : AAR

By | April 18, 2018

Share this on WhatsAppAUTHORITY FOR ADVANCE RULING – KERALA Tax Tower, Killippalam, Karamana P. 0, Thiruyananthapuram – 695 002 e-mail id: aar.gst@’kerala.gov.jn PROCEEDINGS OF THE AUTHORITY FOR ADVANCE RULING U/s.98 OF THE GOODS AND SERVICES TAX ACT, 2017. Members present are: 1. Senthil Nathan 5, IRS Joint Commissioner, Office of the Commissioner of Central Tax… Read More »

GST Ready Reckoner (6th Edition 2018) revised : VS Datey : April 2018 Book

By | April 18, 2018

Share this on WhatsAppGST Ready Reckoner (6th Edition 2018) Revised and reprint with Amended upto 03.04.2018 Description Incorporating: Charge of Tax Composition Scheme Exemptions Place and Time of Supply of Goods and Services Valuation of Supply Input Tax Credit Registration under GST Tax Invoice,Credit and Debit Notes Transitional Provisions GST Returns Job Work Reverse Charge… Read More »

Depreciation on Road constructed on BOT basis allowed as Intangible asset : ITAT

By | April 18, 2018

Share this on WhatsAppIN THE ITAT HYDERABAD BENCH (SPECIAL BENCH) Assistant Commissioner of Income-tax, Circle-16(2), Hyderabad v. Progressive Constructions Ltd. D. MANMOHAN, VICE-PRESIDENT J. SUDHAKAR REDDY, ACCOUNTANT MEMBER SAKTIJIT DEY, JUDICIAL MEMBER IT APPEAL NO. 1845 (HYD.) OF 2014 C.O. NO. 36 (HYD.) OF 2015 [ASSESSMENT YEAR 2011-12] FEBRUARY  14, 2017 J.V. Prasad, Sr. Standing… Read More »

TDS on hired vehicles u/s 194I and not under 194C : High Court

By | April 17, 2018

Share this on WhatsAppHIGH COURT OF KERALA Commissioner of Income-tax-1, Cochin v. Pioneer Peresonalised Holidays (P.) Ltd K. VINOD CHANDRAN AND ASHOK MENON, JJ. IT APPEAL NOS. 138 & 176 OF 2013 FEBRUARY  26, 2018 P.K.R. Menon, Sr. Counsel and Jose Joseph, Adv. for the Appellant. Joseph Markose, V. Abraham Markos, Sr. Adv., Binu Mathew, Tom Thomas (Kakkuzhiyil), Abraham Joseph Markos and Abraham Varghese Tharakan, Advs. for… Read More »

There is no Shortage of Cash with RBI : Govt

By | April 17, 2018

Share this on WhatsAppMinistry of Finance Government reviews the currency circulation in the country Government and RBI have taken all steps to meet unusual demand of the currency Adequate reserves of currency to meet the rising demands Non Functional ATMS to be normalized soon Posted On: 17 APR 2018 1:41PM by PIB Delhi There are… Read More »

Accounting Policy Changes (Proposed amendments to IAS 8)

By | April 17, 2018

Share this on WhatsAppAccounting Policy Changes (Proposed amendments to IAS 8) Introduction In this Exposure Draft, the International Accounting Standards Board (Board) proposes to amend IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. The Board expects these amendments to facilitate the application of particular voluntary changes in accounting policy, improving the overall quality of… Read More »

Transfer Pricing Documentation & Reporting Book 2018

By | April 17, 2018

Share this on WhatsAppTransfer Pricing Documentation & Reporting  Transfer Pricing Documentation & Reporting is written by by CA Rajat Chawla & CA Richa Chawla (Author) Finance Act 2016 had aligned Indian TP regulations with the OECD’s BEPS project by introducing Master file and CBCR compliances. Finance Act, 2018 has further rationalized Master file CBCR provisions. Lately, there has… Read More »