Daily Archives: August 14, 2018

GST to be paid by Taxi Aggregator not by taxi operators for providing mobile app and billing services to customer : KARNATAKA AAR

By | August 14, 2018

The applicant is liable to tax on the amounts billed by him on behalf of the taxi operators for the service provided in the nature of transportation of passengers through it, in accordance with the provisions of sub-section (5) of section 9 of the Central Goods and Services Tax Act 2017 read with Notification No.… Read More »

Time Extended for GST registration if not taken due to unavoidable circumstances : CALCUTTA HC

By | August 14, 2018

HIGH COURT OF CALCUTTA MGI Infra (P.) Ltd. v. Assistant Commissioner, State Goods & Service Tax DEBANGSU BASAK, J. W.P. NO. 10646 (W) OF 2018 JULY  9, 2018 Boudhyan Bhttacharrya, Anindya Bagchi, Abhratosh Mazumder, Ld. Addl. AG., Prithu Dudhoria, Debasish Ghosh,K.K. Maity and Bhaskar Prasad Banerjee for the appearing Parties. JUDGMENT 1. The petitioner seeks consideration of an application for extension of time… Read More »

Coffee supplied to SEZ units is not Zero rated supply : KARNATAKA AAR

By | August 14, 2018

AUTHORITY FOR ADVANCE RULINGS, KARNATAKA Coffee Day Global Ltd., In re HARISH DHARNIA AND DR. RAVI PRASAD M.P., MEMBER ADVANCE RULING NO. KAR/ADRG 13 OF 2018 JULY  26, 2018 S. Vishnumurthy, CA for the Respondent. RULING   1. M/s Coffee Day Global Limited, 23/2, 6th Floor, Vittal Mallya Road, Bangalore – 560 001, having GSTIN number 29AABCA5291P1Z3, have filed an application,… Read More »

CBDT Circular No 4/2018 : Export & total turnover for Sec. 10A purpose clarified

By | August 14, 2018

CBDT Circular No 4/2018 The  Central Board of Direct Taxes (CBDT) following Apex Court ruling in case of HCL Technologies [2018] (SC) has clarified that freight, telecommunication charges and insurance expenses are to be excluded from both ‘export turnover’ and ‘total turnover’ while working out deduction admissible under section 10A. Download CBDT Circular No 4/2018 Dated… Read More »

Criminal Law (Amendment) Act 2018 : Download/Print

By | August 14, 2018

Criminal Law (Amendment) Act, 2018 MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 11th August, 2018/Shravana 20, 1940 (Saka) The following Act of Parliament received the assent of the President on the 11th August, 2018, and is hereby published for general information:— THE CRIMINAL LAW (AMENDMENT) ACT, 2018 NO. 22 OF 2018 [11th… Read More »

Steps to Complete GST Migration Process 2018

By | August 14, 2018

STEPS TO ENABLE TAX PAYERS TO COMPLETE THE MIGRATION PROCESS-2018 The GST Council, in its 28th. meeting, approved the proposal to allow migration for taxpayers, who received provisional IDs but could not complete the migration process even after activating PART A of the migration form. In order to implement the decision systematically, the following process… Read More »

Category: GST

Key Changes by CGST / IGST Amendment Bill 2018

By | August 14, 2018

Key Changes by CGST / IGST Amendment Bill 2018 Central Government has Passed 4 GST amendment bills in Lok Sabha  on 09.08.2018 which  were introduced  on Eighth August 2018 which The Central Goods and Services Tax (Amendment) Bill 2018 : Download /Print IGST Amendment Bill 2018 : Download /Print : The Integrated Goods and Service Tax Amendment… Read More »

Category: GST

Allahabad Bank Empanelment for Concurrent Audit for FY 2018-19

By | August 14, 2018

The application should be as per prescribed format from practicing firms of Chartered Accountants/ Retired Officials of own Bank who are willing for empanelment as Concurrent / Revenue Auditor in the Bank for year 2018-19 . Applications for Concurrent / Revenue Audit of Allahabad Bank  The panel of auditors maintained last year (including existing concurrent auditors) expiring… Read More »

[Video] Sukanya Samriddhi Account Scheme : सुकन्या समृद्धि खाता योजना

By | August 14, 2018

Sukanya Samriddhi Account Scheme Sukanya Samriddhi Account Scheme is been notified by Ministry of Finance vide Notification No. G.S.R.863(E) Dated 02.12.2014. Scheme become operational by notification of rules namely ‘Sukanya Samriddhi Account Rules, 2014’. These Rules were subsequently amended vide Notification No.G.S.R.323(E) dated-18.03.2016 by which government has notified ‘Sukanya Samriddhi Account Rules, 2016’.  These Rules were  further  amended vide Notification No.G.S.R.617(E)… Read More »

salary income and Income Tax Questions

By | August 14, 2018

Income Tax on salary income ​What is considered as salary income? S​ection 17(1) ​ of the Income-tax Act defines the term ‘salary’. However, not going into the technical definition, generally whatever is received by an employee from an employer in cash, kind or as a facility [perquisite] is considered as salary. ​What are allowances in salary… Read More »

Interest under Income Tax Act : Free Guide Book : 234A, 234B and 234C : FA 2018

By | August 14, 2018

INTEREST PAYABLE BY THE TAXPAYER UNDER THE  INCOME-TAX ACT Interest under Income Tax Act u/s 234A, 234B and 234C  [As amended by Finance Act, 2018] Introduction of Interest under income Tax Under the Income-tax Act, different types of interests are levied for various kinds of delays/defaults. In this part, you can gain knowledge about the provisions… Read More »