Daily Archives: August 1, 2018

Expenses incurred on abandoned project was revenue expenses as no new Asset is created : MADRAS HC

By | August 1, 2018

The abandoned project was not a new one and it was a decision taken by the Government after about 12 years after the petitioner was invited to take over the project, which was already in existence, as they were an expert in the same line of business. Therefore, on facts, we find that the CIT… Read More »

New GST News 01.08.2018

By | August 1, 2018

New GST News 01.08.2018 [ Join online GST Course by CA Satbir Singh ] New GST News ICAI’s E-Handbook for Guidance on HSN Classification under GST : Download Circular No 51/25/2018 GST : GST on ambulance services provided to Government under NHM Circular No 50/24/2018 GST : Govt withdrawn Circular No. 28/02/2018-GST New Books for… Read More »

Category: GST

GST Council : Minutes of Meetings and Agenda : updated Till Date

By | August 1, 2018

GST Council : Minutes of Meetings and Agenda : updated Till Date GST Council Meetings GST Council – Journey so far : 918 Decisions Taken as on 28.10.2018 31st GST Council Meeting 30th GST Council Meeting  held on 28th Sep 2018  29th GST Council Meeting held on 4th Aug 2018 28th GST Council Meeting held… Read More »

Unearthing of Benami Properties worth Rs. 4300 crore

By | August 1, 2018

Ministry of Finance Unearthing of Benami Properties worth Rs. 4,300 crore Posted On: 31 JUL 2018 6:00PM by PIB Delhi Due to intensive efforts undertaken by the Income-tax Department, provisional attachment has been made in more than 1600 cases of properties under the Benami Transactions (Prohibition) Act, 1988. These include plots of land, flats, shops, vehicles,… Read More »

Penalty imposed is valid for obtaining & repaying cash loans exceeding Rs. 20000 : MADRAS HC

By | August 1, 2018

In course of inspection of the books of A. Kannan, it was found that the appellant assessee had repaid loan of Rs. 20,00,000/- in cash to A. Kannan on various dates. Held Statutory provisions which prohibit acceptance of repayment of loans in cash are binding on all Income Tax payees and breach thereof attracts the… Read More »

GST Notice : Free Study Material

By | August 1, 2018

GST Notice : Free Study Material GST Notices : Free Study Material [Video] How to Check GST Notice and Orders : GST News 425 How to View & Download GST Additional Notices and Demand Orders How to View and Download GST Notices and Orders on GST Portal How to Pay GST Demand in DRC 03… Read More »

Category: GST

New Books for GST , Income Tax & Law Practice (Till July 2018)

By | August 1, 2018

New Books for Tax Practice you can refer these New Books for GST and Income Tax Tax Practice  in India [ Join GST Online Course by CA Satbir Singh]   Buy Click here View Contents of Balance Sheet Decoded Book Taxmann July 2018 Price Rs 962 Buy online Click here  View contents of Insolvency & Bankruptcy Practice… Read More »