Daily Archives: September 12, 2018

CIRCULAR No 62/36/2018 GST : Levy of GST on Priority Sector Lending Certificates

By | September 12, 2018

CIRCULAR No 62/36/2018 GST F. No. 354/124/2018-TRU Government Of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs New Delhi, 12th September, 2018 To The Principal Chief Commissioners / Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) / The Principal Director Generals/ Director Generals (All). Madam/Sir, Subject: Levy of… Read More »

Taxmann’s Guide to Tax Audit : September 2018 Edition Book by CA Srinivasan Anand G.

By | September 12, 2018

Guide to Tax Audit-Incorporating IT (8th Amdt.) Rules 2018 effective from 20-8-2018 (September 2018 Edition) Paperback – 2018 by CA Srinivasan Anand G. Incorporating IT (8th Amdt.) Rules 2018 effective from 20-8-2018 Price Rs 1295 Buy online Click here Paperback: 680 pages Publisher: Taxmann; September 2018 Edition edition (2018) Language: English View Contents of this Book: Taxmann’s Guide to Tax Audit :… Read More »

Get CA Firm Registration Number in 24 Hours online : ICAI

By | September 12, 2018

ANNOUNCEMENT GET FIRM REGISTRATION NUMBER (FRN) WITHIN 24 HOURS Professional Development Committee of ICAI is pleased to inform that in order to promote the ‘Ease of Business’ among our members, an online facility has been developed for registration of proprietorship firm by Chartered Accountants within 24 hours. Any member desiring to establish the proprietorship firm… Read More »

Works Contractor needs to take GST registration in state where he has fixed establishment : AAR

By | September 12, 2018

AUTHORITY FOR ADVANCE RULINGS, RAJASTHAN Jaimin Engineering (P.) Ltd., In re NITIN WAPA AND SUDHIR SHARMA, MEMBER ADVANCE RULING NO. RAJ/AAR/2018-19/07 AND F.NO.IV(4)7/AAR/RAJ/2018-19/33-35 JULY  20, 2018 Ms. Shafaly Girdharwal, CA for the Applicant. RULING 1. SUBMISSION OF THE APPLICANT: M/s Jaimin Engineering Private Limited is engaged in construction of Cold storage. GST provisions for registration are covered in Chapter… Read More »

Date of allotment of property is relevant for Capital Gain and not date of registration of conveyance deed. : ITAT

By | September 12, 2018

In order to determine taxability of capital gain arising from the sale of property, it is the date of allotment of property which is relevant for the purpose of computing holding period and not the date of registration of conveyance deed. The provisions of the Act nowhere states that the option of selecting self occupied… Read More »

Receiver of Services can not apply GST Advance Ruling : AAR

By | September 12, 2018

AUTHORITY FOR ADVANCE RULINGS, TAMIL NADU Dr. Dathu Rao Memorial Charitable Trust, In re MS. MANASA GANGOTRI KATA AND THIRU S.VIJAYAKUMAR, MEMBER ORDER NO. 3/AAR/2018 JULY  30, 2018 RULING 1. Dr. Dathu Rao Memorial Charitable Trust, “PATHWAY” E-76/1, 12th West street, Kamaraj Nagar, Thiruvanmiyur, Chennai 600041 (hereinafter called the Applicant or the Trust) is a registered society registered under the Tamil… Read More »

Re-assessment notice invalid as not sanctioned by proper authority : HC

By | September 12, 2018

It is undisputed position before us that in terms of Section 151(2) of the Act, the sanctioning/ permission to issue notice under Section 148 of the Act has to be issued by the Additional Commissioner of Income Tax. We find that the Assessing Officer had not sought the approval of the Designated Officer but of… Read More »

New GST News 12.09.2018

By | September 12, 2018

New GST News 12.09.2018 [ Join online GST Course by CA Satbir Singh ] New GST News GSTR 3B Due date Extended for newly migrated Taxpayers : GST News 483 RFID Tag mandatory for Transporters in UP and to map to Eway Bill system ICICI Bank Overdraft facility based on GST returns : GST Business… Read More »

Category: GST

RFID Tag mandatory for Transporters in UP and to map to Eway Bill system

By | September 12, 2018

Transporters in UP required to obtain RFID Tag and map to the E-way bill system. RFID to be embed on wind screen of conveyance carrying goods  Video Explanation by CA Satbir Singh in Hindi Read Notification : RFID Tag mandatory for Transporters in UP and to map to Eway Bill system Notification No.-E-way bill-R.F.I.D./sachaldal/2018-19/1025/commercial tax. Office… Read More »