Legal Provision of GST Audit
There are Two important provisions which are relevant and important in this context are Section 35(5) and Section 44(2) of
Read MoreTaxation of Lottery under GST Acts
Whether CGST Act, 2017 and IGST Act,2017 to the extent proposing to tax lottery is beyond the Constitutional definition of
Read MoreRevised return validly filed pursuant to notice u/s. 153A after Search & Seizure, is accepted, defects found in original return cannot be considered for imposing penalty u/s. 271(1) ©
The assessee filed return of income declaring a huge loss. Pursuant to the search and seizure operations u/s.132 and issuance
Read MoreInput on Civil foundation for Plant & Machinery is not Allowed Held in Advance Ruling
The argument of the applicant to treat civil structures as structural support for plant & machinery is not tenable. The
Read MoreFair Market Value of property to be consider on the date of Execution of Agreement and not on the date of Registration
The assessee has entered into agreement to sale of its factory line and building on 14–8‑2007 wherein consideration of Rs.
Read MoreDoctors attending the medical conferences is allowable expenditure U/s 37
AO noted that assessee had incurred various expenses towards appointment of faculty doctor or assessee ‘s consultant doctor in a
Read MoreTurnover Limit has been Increased to Rs.1 Crore for Composition Scheme
an eligible registered person, whose aggregate turnover in the preceding financial year did not exceed One Crore rupees, may opt
Read MoreA Registered Person may choose for Composition Scheme in GST till 31.03.2017
The Registered Persons may opt to pay tax under composition scheme with effect from the first day of the month immediately succeeding
Read MoreDue for Filing ITC-01 for July17, August17 & September 17 has been extended
Declaration by the registered persons in Form GST ITC-01 who have become eligible during the months of July 17, August17
Read MoreGST Return Due date for Input Service Distributor for July17, August17 & September17 has been Extended
The GST Return Due date for Input service Distributors who requires to file GSTR‑6 for July 17, August 17 and
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