Daily Archives: September 24, 2018

GST Exam MCQ Part 5

By | September 24, 2018

GST Exam MCQ Part 5 (Multiple Choice Questions) Q: Time of supply of goods under CGST Act 2017 is  A)  Last date on which supplier is required to issue  invoice B) Date of issue of invoice C) Date on which the supplier receives the payment D) Earlier of (A), (B) and (C) Answer :  D) Earlier of (A),… Read More »

Ayushman Mitra : Guidelines under PM-JAY

By | September 24, 2018

Ayushman Mitra Here are the complete details on Ayushman Mitra under under ayushman bharat Yojana , PM-JAY (Pradhan Mantri Jan Aarogya Yojana ) 1. Introduction A support system for assisting beneficiaries at Empanelled Health Care Provider (EHCP) under Ayushman Mitra is critical to be established. Thus, to streamline the health service delivery and provide a seamless experience… Read More »

GST on Company Secretaries : FAQ’s

By | September 24, 2018

GST on Company Secretaries Q.1 What are the opportunities available for Company Secretaries under Goods and Services Tax regime? Ans. Under Goods and Services Tax, a Company Secretary has the following opportunities:  To act as a GST Practitioner Pursuant to Section 48 of CGST Act, 2017 read with Rule 83 of Central Goods and Services… Read More »

Category: GST

When you Can not Claim ITC under GST

By | September 24, 2018

When a person Can not Claim ITC under GST Here is the list of cases under which you can not claim Input Tax Credit under GST 1 Person not registered : If a person is not registered under GST , he can not claim Input Tax Credit. Eligibility and conditions for taking input tax credit… Read More »

Category: GST

ICAI Guide on Tax Audit Report Form 3CD for AY 2018-19 NN 33/2018

By | September 24, 2018

ICAI Implementation Guide on Revised Tax Audit Report in Form 3CD  as per CBDT Notification No. 33/2018 As we all are aware, recently, the CBDT vide Notification No. 33/2018 dated 20th July, 2018 has made several amendments to Form No. 3CD madating additional requirements for reporting puproses. The additional reporting requirement has increased the scope of tax… Read More »

Penalties under Income Tax Act [FA 2018]

By | September 24, 2018

PENALTIES UNDER THE INCOME-TAX ACT [As amended by Finance Act, 2018] Introduction Under the Income-tax Act, penalties are levied for various defaults committed by the taxpayer. Some of the penalties are mandatory and a few are at the discretion of the tax authorities. In this part, you can gain knowledge about the provisions relating to… Read More »

Allowable and Not allowable Business Expenses under Income Tax

By | September 24, 2018

Business Expenses under Income Tax Here are the case Laws on allowed and not allowed Business Expenses under Income Tax Business Expenses Allowed under Income Tax Expenses incurred on abandoned project was revenue expenses as no new Asset is created : MADRAS HC Depreciation on Road constructed on BOT basis allowed as Intangible asset :… Read More »