Daily Archives: June 21, 2018

Fresh series ‘ Panama Papers Leaks ‘ : Govt Prompt Investigation

By | June 21, 2018

Ministry of Finance Prompt investigation in fresh series of cases pertaining to ‘Panama Papers’ Posted On: 21 JUN 2018 5:22PM by PIB Delhi The fresh release made in the media today under ‘Panama Paper Leaks’ is being promptly looked into by the law enforcement agencies under the aegis of the Multi Agency Group (MAG) already… Read More »

11th GST Council Meeting : Agenda and Minutes : Download

By | June 21, 2018

11th GST Council Meeting : Agenda and Minutes : Download 11th GST Council Meeting held on  4th March, 2017 in New Delhi Agenda of 11th GST Council Meeting Agenda of 11th GST Council meeting is not made available by Govt Minutes of Meeting of 11th GST Council Meeting Download Minutes of Meeting of 11th GST Council Meeting Refer GST Council :… Read More »

10th GST Council Meeting : Agenda and Minutes : Download

By | June 21, 2018

10th GST Council Meeting : Agenda and Minutes : Download 10th GST Council Meeting held on 18th February, 2017 at Udaipur, Rajasthan Agenda of 10th GST Council Meeting Agenda of 10th GST Council meeting is not made available by Govt Minutes of Meeting of 10th GST Council Meeting Download Minutes of Meeting of 10th GST Council Meeting Refer GST Council :… Read More »

8th GST Council Meeting : Agenda and Minutes : Download

By | June 21, 2018

8th GST Council Meeting : Agenda and Minutes : Download 8th GST Council Meeting held on 3rd & 4th January, 2017 in New Delhi Agenda of 8th GST Council Meeting Agenda of 8th GST Council meeting Detailed Agenda Additional Agenda Item – Suggested Changes in MGL Detailed Agenda Additional Agenda Item – Suggested Changes in MGL Minutes of… Read More »

6th GST Council Meeting : Agenda and Minutes : Download

By | June 21, 2018

6th GST Council Meeting : Agenda and Minutes : Download 6th GST Council Meeting held on on 11th December, 2016 in New Delhi Agenda of 6th GST Council Meeting Agenda of 6th GST Council meeting is not made available by Govt Minutes of Meeting of 6th GST Council Meeting Download Minutes of Meeting of 6th GST Council Meeting Refer GST Council… Read More »

2nd GST Council Meeting : Agenda and Minutes : Download

By | June 21, 2018

2nd GST Council Meeting : Agenda and Minutes : Download 2nd GST Council Meeting held On 30th September 2016 Venue: Main Committee Room, Parliament House Annexe, New Delhi Agenda of 2nd GST Council Meeting Download Agenda of 2nd GST Council Meeting Minutes of Meeting of 2nd GST Council Meeting Download Minutes of Meeting of 2nd GST Council Meeting   Refer GST Council :… Read More »

Circular No 49/23/2018 GST : Inspection of goods and Conveyance

By | June 21, 2018

Circular No 49/23/2018 GST Summary of Circular No 49/23/2018 GST Circular No 49/23/2018 GST Dated 21st June, 2018 Seeks to modify Circular No. 41/15/2018-GST and prescribe procedure for 1.  Inspection of goods and Conveyance 2. How goods will be released by GST Officer 3.Within How manydays  GST officer is required to issue Final inspection report 4… Read More »

E-way Bill Date wrongly declared , Seized goods to be released on furnishing security other than cash or bank guarantee: HC

By | June 21, 2018

HIGH COURT OF ALLAHABAD Pragati Enterprises v. State of U.P. BHARATI SAPRU AND NEERAJ TIWARI, JJ. WRIT TAX NO. 25 OF 2018 JANUARY  12, 2018 Murari Mohan Rai for the Petitioner. ORDER 1. We have heard Shri M.M. Rai, learned counsel for the petitioner and Shri C.B. Tripathi, learned Standing Counsel for the respondent. 2. Learned Standing Counsel has received… Read More »

Sale of old newspapers not liable to State Sales Tax: Madras HC

By | June 21, 2018

HIGH COURT OF MADRAS State of Tamil Nadu v. P.S. Sambandam Mudaliar & Co. S. MANIKUMAR AND V. BHAVANI SUBBAROYAN, JJ. TAX CASE NO. 94 OF 2018 APRIL  6, 2018 V. Hari Babu, Addl. Govt. Pleader (Taxes) for the Petitioner. ORDER S. Manikumar, J. – Instant Tax Case (Revision) is filed by the Revenue against the order of the… Read More »

1st GST Council Meeting : Agenda and Minutes : Download

By | June 21, 2018

1st GST Council Meeting : Agenda and Minutes : Download 1st GST Council Meeting held on 22nd & 23rd September, 2016 in New Delhi Agenda of 1st GST Council Meeting Download Agenda of 1st GST Council Meeting Minutes of Meeting of 1st GST Council Meeting Download Minutes of Meeting of 1st GST Council Meeting Refer GST Council : Free Study Material

Updated GST Rules and New GST News 21.06.2018

By | June 21, 2018

New GST News 21.06.2018 [ Join online GST Course by CA Satbir Singh ] Updated GST Rules (PDF File) CGST Rules 2017 as amended upto 19.06.2018  [Online ] CGST Rules 2017 – : Chapter Wise & Rule wise (Last upated with Notification Dated 13.06.2018] Analysis of CGST (Fifth Amendment ) Rules 2018 GST Input Tax Credit… Read More »

Category: GST

Income Tax Return Provisions

By | June 21, 2018

RETURN OF INCOME UNDER INCOME TAX [As amended by Finance Act, 2018] It is mandatory for every taxpayer to communicate the details of his income to the Income-tax Department. These details are to be furnished in the prescribed form known as return of income. In this part, you can gain knowledge about the various provisions… Read More »

Income Tax Commissioner power to reduce or waive Penalty

By | June 21, 2018

POWER OF PRINCIPAL COMMISSIONER OR COMMISSIONER TO REDUCE OR WAIVE INCOME TAX PENALTY [As amended by Finance Act, 2018] In the tutorial on “Penalties Under the Income-tax Act”, we discussed various penalties imposable under the Income-tax Act in respect of various defaults. Apart from enacting penalty provisions, the Income-tax Act also designed provisions empowering the… Read More »

Presumptive taxation u/s 44AD Income Tax: Audit Limit w.e.f AY 2017-18

By | June 21, 2018

Presumptive taxation u/s 44AD Income Tax: Audit Limit w.e.f AY 2017-18 CIRCULAR No. 2/2018 Dated 15.02.2018 23. Exclusion of certain specified person from requirement of audit of accounts under section 44AB. 23.1 The provisions of section 44AB of the Income-tax Act provide inter alia that every person carrying on the business is required to get his… Read More »

Income Tax on Provident Fund : Free Study Material

By | June 21, 2018

Income Tax on Provident Fund : Free Study Material Here is the Free study material Income Tax on Provident Fund Income Tax on amount received from Provident Fund No Income Tax Exemption for PF interest on accumulated balance after retirement : ITAT Provident Fund withdrawal taxability if 5 years service not completed Withdrawal from provident fund… Read More »

No GST if Government/Authority providing services to other Government/Authority :UTTARAKHAND AAR

By | June 21, 2018

Government/Authority providing services to other Government/Authority is exempted from GST. AUTHORITY FOR ADVANCE RULINGS, UTTARAKHAND IT Development Agency (ITDA), In re ANIL SINGH AND AMIT GUPTA, MEMBER RULING NO. 04/2018-19 AND APPLICATION NO. 03/2018-19 MAY  29, 2018 Damanpreet Singh for the Applicant. RULING 1. This is an application under Sub-Section (1) of Section 97 of the CGST Act and the… Read More »

E-way bill not made, Seized vehicle could be released without security if there was no possibility of evasion of tax: HC

By | June 21, 2018

HIGH COURT OF ALLAHABAD Puneet Automobiles Ltd. v. State of U.P. PANKAJ MITHAL AND SARAL SRIVASTAVA, JJ. WRIT TAX NO. 99 OF 2018 JANUARY  31, 2018 Shubham Agrawal and Rituraj Singh for the Petitioner. Gyan Prakash, C.S.C. for the Respondent. ORDER 1. Heard Sri Shubham Agrawal, learned counsel for the petitioner and Sri C.B. Tripathi special counsel has appeared for the State of… Read More »

ICAI E-Newsletter on GST May, 2018 edition

By | June 21, 2018

E-Newsletter on GST- May, 2018 edition   Download  E-Newsletter on GST- May, 2018 edition CLICK HERE Related Post ICAI GST E-Newsletter -April, 2018  ICAI GST E-Newsletter –March 2018 ICAI GST E-Newsletter – Febraury 2018 ICAI GST E-Newsletter-January 2018 ICAI GST E-newsletter – December 2017 ICAI GST E newsletter -November 2017 ICAI GST E-Newsletter – October 2017 … Read More »

Category: GST

GST on Renting of Shuttering Material to builders , Writ can’t be filed if no cause of action arose in favour of assessee : Punjab and Haryana HC

By | June 21, 2018

HIGH COURT OF PUNJAB AND HARYANA Naveep Sharma v. Union of India AJAY KUMAR MITTAL, ACTG. TEJINDER SINGH DHINDSA, J. CWP NO. 12490 OF 2018 (O&M) MAY  17, 2018 Brijesh Nandan, Adv. for the Petitioner. ORDER Ajay Kumar Mittal, Actg – The petitioner has approached this Court under Articles 226 /227 of the Constitution of India, for… Read More »