Daily Archives: May 21, 2017

Gift received from HUF would be exempt from tax u/s 56(2)(vi) of Income Tax

By | May 21, 2017

ITAT Mumbai DCIT Vs Ateev V. Gala  Appeal Number : ITA NO.1906/Mum/2014 Date of Judgement/Order : 19/04/2017 Related Assessment Year : 2010-11 Issue Whether gift received from HUF by a member of HUF falls under the definition of “relative” as provided in the Explanation to clause (vi) of sub section (2) of section 56 of… Read More »

Final GST Registration Forms approved by GST Council 18.05.2017

By | May 21, 2017

GST Registration Forms 2017 [ Final GST Registration Forms 2017 as approved by GST Council 18.05.2017 ] Here are the latest GST Registration forms as approved by GST Council as per Final GST Registration Rules Approved by GST Council 18.05.2017 Final GST Registration Forms  Sr No  Form NO  Description 1 GST REG 1  Application for Registration… Read More »

Final GST Determination of Value of Supply Rules Approved by GST Council 18.05.2017

By | May 21, 2017

Chapter ___  Determination of Value of Supply ( GST Determination of Value of Supply Rules as approved by GST Council on 18.05.2017 ) 1. Value of supply of goods or services where the consideration is not wholly in money Where the supply of goods or services is for a consideration not wholly in money, the… Read More »