New GST News 21.07.18

By | July 21, 2018

Share this on WhatsApp New GST News 21.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News ICAI GST Newsletter June 2018 10% GST on Truck mounted cranes being special purpose motor vehicles; HARYANA AAR No GST on Frozen meat sold in packaged form : Haryana AAR CBIC Special instructions to… Read More »

ICAI GST Newsletter June 2018

By | July 21, 2018

Share this on WhatsAppICAI GST Newsletter June, 2018 Download ICAI GST Newsletter June 2018 : Click here  Related Post ICSI GST Newsletter ICSI GST Newsletter June 2018 ICSI GST Newsletter May 2018 Related Post ICAI GST Newsletter ICAI GST E-Newsletter – May 2018 ICAI GST E-Newsletter -April, 2018  ICAI GST E-Newsletter –March 2018 ICAI GST… Read More »

10% GST on Truck mounted cranes being special purpose motor vehicles; HARYANA AAR

By | July 20, 2018

Share this on WhatsAppThe applicant has submitted that they buy readymade trucks say Ashok Leyland, TATA, etc. Such Trucks and Lorries which are meant for transport of goods are covered under chapter heading 8704. Accordingly, classification of the impugned goods under heading 8426 is ruled out, as because the trucks being purchased/used by the applicant… Read More »

Depreciation can be claimed on goodwill : ITAT

By | July 20, 2018

Share this on WhatsAppIN THE ITAT SPECIAL BENCH, NEW DELHI CLC & Sons (P.) Ltd. v. Assistant Commissioner of Income-tax, Circle- 3 (1), New Delhi G.D. AGRAWAL, PRESIDENT R.S. SYAL, VICE-PRESIDENT AND BHAVNESH SAINI, JUDICIAL MEMBER IT APPEAL NO. 1976 DELHI OF 2006 [ASSESSMENT YEAR 2001-02] JULY  19, 2018 Rohit Jain, Adv. Deepesh Jain and Mrs. Meenal Goyal, CA’s for the… Read More »

7.6% interest rate of deposit made under special deposit scheme w.e.f 01.07.2018 to 30.09.2018 : Notification

By | July 20, 2018

Share this on WhatsApp Govt. has announced 7.6% interest rate of deposit made under special deposit scheme for non-government provident, superannuation and gratuity fund. MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 17th July, 2018 F.No.5(4)-B(PD)/2018.—It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation… Read More »

New GST News 20.07.18

By | July 20, 2018

Share this on WhatsAppNew GST News 20.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News Circular 21/2018 Customs : Help Desks setup for IGST Refund on Export of Goods Third Refund fortnight for IGST Refund : Instructions to Chief Commissioners Circular No 22/2018 Customs : Rectification facility to Shipping Bills… Read More »

Interest rates for Small Savings Schemes for Q2 of financial year 2018-19

By | July 20, 2018

Share this on WhatsAppInterest rates for Small Savings Schemes RBI/2018-19/22 DGBA.GBD.123/15.02.005/2018-19 July 19, 2018 The Chairman/Chief Executive Officer Agency Banks handling Small Saving Schemes Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.2573/15.02.005/2017-18 dated April 12, 2018 on the above subject. The Government of India, has vide their Office Memorandum (OM) No.F.No.01/04/2016–NS… Read More »

RBI to Issue New Design Rs 100 Denomination Banknote

By | July 20, 2018

Share this on WhatsAppRBI to Issue New Design Rs 100 Denomination Banknote Video Tutorial by CA Satbir Singh (Voice in Hindi)  explaining New Rs 100 Bank Note The Reserve Bank of India will shortly issue Rs 100 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank… Read More »

Speed Limit on National Highways

By | July 20, 2018

Share this on WhatsAppMinistry of Road Transport & Highways Speed Limit on National Highways Posted On: 19 JUL 2018 6:47PM by PIB Delhi The Government has notified S.O. 1522 (E) dated 6th April, 2018 fixing maximum speed of motor vehicles in kilometres per hour on different categories of roads:- Maximum speed per hour in kilometers on… Read More »

Revised Pension to Sportspersons w.e.f 01.04.2018

By | July 20, 2018

Share this on WhatsAppMinistry of Youth Affairs and Sports Pension to Sportspersons Posted On: 19 JUL 2018 5:18PM by PIB Delhi Minister of State (Independent Charge) for Youth Affairs and Sports Col. Rajyavardhan Rathore has said that government gives lifelong pension under the Scheme of ‘Pension to Meritorious Sportspersons’, sportspersons who have won medals for… Read More »

Exchange Rate of Foreign Currency w.e.f 20.07.2018

By | July 20, 2018

Share this on WhatsAppPress Information Bureau Government of India Ministry of Finance 19 JUL 2018 4:14PM by PIB Delhi Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of… Read More »

Circular No 22/2018 Customs : Rectification facility to Shipping Bills filed till 30.06.18

By | July 19, 2018

Share this on WhatsAppCircular No 22/2018 Customs summary of Circular No 22/2018 Customs The exporters committed the SB005 error due to invoice mismatches in shipping bills and GST returns. CBIC has extended the rectification facility to shipping bills filed upto June 30, 2018. Read Circular No. 22/2018-Customs F. No: 450/119/2017-CusIV Government of India Ministry of Finance… Read More »

Customs Declaration CN 23 form : Download/Print

By | July 19, 2018

Share this on WhatsAppCustoms Declaration CN 23 form Customs Declaration CN 23 form Customs Declaration CN 23 form : Download Instructions for Customs Declaration CN 23 form You should attach this customs declaration and accompanying documents securely to the outside of the item, preferably in an adhesive transparent envelope. If the declaration is not clearly… Read More »

Customs Declaration CN 22 form : Download /print

By | July 19, 2018

Share this on WhatsAppCustoms Declaration CN 22 form Customs Declaration CN 22 form Customs Declaration CN 22 form : Download Instructions for Customs Declaration CN 22 form To accelerate customs clearance, you must complete all applicable fields, and fill in this form in English, French or in a language accepted by the destination country. If the… Read More »

New GST News 19.07.18

By | July 19, 2018

Share this on WhatsAppNew GST News 19.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News ICAI Free Book on E-way bill under GST (July,2018) : Download /Print CAI submitted an alternative workable RCM under GST on 17.07.18 Grievance Redressal Officers for e-way bill system under rule 138D of Central/ State… Read More »

Guide to Company Directors : Book May 2018 by L V V Iyer 

By | July 19, 2018

Share this on WhatsAppGuide to Company Directors: Powers, Rights, Duties, Liabilities, Corporate Social Responsibilities and Company Precedents by L V V Iyer (Author), Arun Visweswaran (Editor) Key Highlights of Guide to Company Directors This edition incorporates the key developments of the Companies Act, 2018 and the Companies (Amendment) Act 2017 while retaining its focus on the best principles of corporate… Read More »

GST Accounting and GST Audit Book by CA Sunil Jain

By | July 19, 2018

Share this on WhatsAppGST Accounting and GST Audit and maintenance of Accounting records under GST Law by Sunil Jain (Author) The book mainly focuses on two important aspects of GST implementation from professionals’ perspective. The first one is GST accounting & maintenance of accounting records and the second is GST audit. The book explains the accounting entries… Read More »

Complaints/information under e-way Bill System : Grievance Redressal Officers

By | July 18, 2018

Share this on WhatsApp Grievance Redressal Officers for processing the complaints/information under e-way Bill System Posted On: 18 JUL 2018 5:06PM by PIB Delhi As per the decision of the GST Council, e-way bill system has been rolled-out in a staggered manner across the country. E-way bills are getting generated successfully and till 17th July, 2018, more… Read More »

Grievance Redressal Officers for e-way bill system under rule 138D of Central/ State GST Rules, 2017.

By | July 18, 2018

Share this on WhatsAppGrievance Redressal Officers for e-way bill system Grievance Redressal Officers (CBIC and State / UT Governments) for e-way bill system under rule 138D of Central/ State GST Rules, 2017. Download PDF file Click here Heldesk on Eway Bill Government sets up an IT Grievance Redressal Mechanism for GST Portal State wise Helpdesk numbers… Read More »

E-way bill mandatory if non-taxable supplies made through delivery challan : Kerala HC

By | July 18, 2018

Share this on WhatsAppWhether E-way bill mandatory if non-taxable supplies made through delivery challan Video Tutorial by CA Satbir Singh (Voice in Hindi , Slides in English)  explaining how mandatory if non-taxable supplies made through delivery challan In the present case the delivery chalan which accompanied the transport is one issued by the assessee respondent, over… Read More »

New GST News 18.07.18

By | July 18, 2018

Share this on WhatsAppNew GST News 18.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News How to file Appeal against GST Demand Order :FAQ and User Manual GST Amendment Bill  to be introduced in Monsoon Session 2018 of parliament GST Refunds : CBIC to observe Third Refund Fortnight from 16th… Read More »

The Trafficking of Persons (Prevention, Protection and Rehabilitation) Bill 2018 : Download/Print

By | July 18, 2018

Share this on WhatsAppThe Trafficking of Persons (Prevention, Protection and Rehabilitation) Bill 2018 The Trafficking of Persons (Prevention, Protection and Rehabilitation) Bill 2018 has been introduced in Lok Sabha on 18.07.2018, Bill No 89 , year 2018  The Trafficking of Persons (Prevention Protection and Rehabilitation) Bill 2018 : Download/Print   Share this on WhatsApp

The Airports Economic Regulatory Authority of India (Amendment) Bill 2018 : Download/print

By | July 18, 2018

Share this on WhatsAppThe Airports Economic Regulatory Authority of India (Amendment) Bill, 2018 The Airports Economic Regulatory Authority of India (Amendment) Bill, 2018 has been introduced in Lok Sabha on 18.07.2018, Bill No 59 , year 2018  The Airports Economic Regulatory Authority of India (Amendment) Bill 2018 : Download/print Download Bill Click here Share this… Read More »

Rebate allowable under Section 87A of Income Tax w.e.f AY 2018-19

By | July 18, 2018

Share this on WhatsAppRebate allowable under Section 87A of Income Tax Rebate allowable under Section 87A of Income Tax w.e.f AY 2018-19 ( Financial Year 2017-18 onwards) CBDT CIRCULAR NO.2/2018 [F.NO.370142/15/2017-TPL], DATED 15-2-2018 42. Rationalization of rebate allowable under Section 87A. 42.1 Before amendment by the Act, the provisions of section 87A of the Income-tax Act provided… Read More »

Password to open Income Tax Refund Payment Advice

By | July 18, 2018

Share this on WhatsAppPassword to open Income Tax Refund Payment Advice The Income Tax Refund Payment Advicee is password protected. Please use your PAN number in capital letters to open the attachment. For more details please contact CPC Bengaluru at 1800-425-2229 (Toll Free) or 080-22546500 if the Return was filed online. If other cases,you need… Read More »

CBDT Notification No 31/2018 ask unique number for identification of non-resident, amends advance ruling forms

By | July 17, 2018

Share this on WhatsAppNotification No 31/2018 Summary of Notification No 31/2018 The Central Board of Direct Taxes (CBDT) has released final notification amending Rule 44E of the Income-tax Rules, 1962 and Form 34C, 34D, 34DA as per Base Erosion and Profit Shifting (BEPS) Action 5. The new Forms 34C & 34D seek unique number used for… Read More »

No reassessment without considering assessee’s explanation about cash deposit :GUJARAT HC

By | July 17, 2018

Share this on WhatsAppThe Assessing Officer formed a belief that income chargeable to tax has escaped assessment, on the ground that noticing a big mismatch between the returned income and cash transactions in the assessee’s bank accounts, queries were raised, which remained un-replied. This is contrary to the facts on record. The assessee had also… Read More »

18 new bill to be introduced in Monsoon Session 2018 of parliament

By | July 17, 2018

Share this on WhatsAppMinistry of Parliamentary Affairs Government holds All Party Leaders Meeting ahead of Monsoon Session 2018 of Parliament, beginning tomorrow Shri Narendra Modi expressed confidence that all political parties will cooperate on smooth running of the Parliament during Monsoon Session 2018 People of India want the Parliament to function; Government calls for cooperation… Read More »

Amendments Proposed to Central Motor Vehicles Rules

By | July 17, 2018

Share this on WhatsAppAmendments Proposed to Central Motor Vehicles Rules Video Explanation by CA satbir Singh in Hindi on Amendments Proposed to Central Motor Vehicles Rules Press Information Bureau Government of India Ministry of Road Transport & Highways 17 JUL 2018 2:20PM by PIB Delhi Amendments Proposed to Central Motor Vehicles Rules Ministry of Road Transport… Read More »

Trust Registration deemed to be granted if CIT failed to dispose off sec. 12AA Application within 6 months : BANGALORE ITAT

By | July 17, 2018

Share this on WhatsAppUndisputedly, the trust was created on 01-04-1998 and application was moved on 25-05-1999. There was delay of 1 month 25 days for which assessee has moved an application requesting therein that the delay may be condoned and registration may be granted from the date of its inception. Though the Revenue was required… Read More »

New MGT-7 Form : Download /Print

By | July 17, 2018

Share this on WhatsAppMGT-7 Form version Changed Please be noted that MGT-7 Form version is being changed MGT-7 is available on MCA21 Company Forms Download page for filing purposes. Click here to download   Form for filing annual return by a company. Form MGT-7 [zip] (982 KB) (e-Form with Instruction kit) Form MGT-7 [zip] (531 KB) e-Form… Read More »

New GST News 17.07.18

By | July 17, 2018

Share this on WhatsAppNew GST News 17.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News GST Refunds : CBIC to observe Third Refund Fortnight from 16th July, 2018 ICAI’s 121 Suggestions on GST Law submitted to Government on 10.07.2018 Govt contractors may have to pay TDS under GST from Oct… Read More »

Evidence under Income Tax : Free study Material

By | July 17, 2018

Share this on WhatsAppEvidence under Income Tax Free Study material on Evidence under Income Tax Act Not necessary to submit Evidence at the time of seizure , can be submitted in Assessment : Bomaby HC Proof to be given to employer for adjustment of House Property Loss from Salary Income   Share this on WhatsApp