Day: December 13, 2018

Taxability of Interest on enhanced compensation arising on compulsory acquisition of agricultural land

13 Dec 2018

Taxability of Interest on enhanced compensation arising on compulsory acquisition of agricultural land Interest earned under section 28 of Land…

Permanent transfer or sale of business assets on which input tax credit has been availed will also be treated as supply even if there is no consideration received. GST is applicable to the sale of business assets only. It does not apply to the sale of personal land/building and other personal assets. “Permanent transfer” means transfer without any intention of receiving the goods back. Goods sent on job work or goods sent for testing/certification will not qualify as supply as there is no permanent transfer. Donation of business assets or scrapping or disposal in any other manner (other than as a sale – i.e., for a consideration) would also qualify as ‘supply’, where input tax credit has been claimed.

GST

Transactions Treated as Supply under GST Even If Made Without Consideration

13 Dec 2018

Transactions Treated as Supply under GST Even If Made Without Consideration This article deals with transactions between related persons and…

IT Judgement

Section 14A cannot be invoked where no exempt income was earned by assessee in relevant assessment year.

13 Dec 2018

Section 14A cannot be invoked where no exempt income was earnedby assessee in relevant assessment year. Kamat Hotels (India) Ltd.…

Income Tax

Addition on the basis of TDS claimed due to Cash system of accounting is not sustainable

13 Dec 2018

Addition on the basis of TDS claimed due to Cash system of accounting is not sustainable In terms of Rule…

GST

TIME, PLACE AND VALUE OF SUPPLY

13 Dec 2018

TIME, PLACE AND VALUE OF SUPPLY Under GST, 3 types of taxes can be charged in the invoice. SGST and CGST…

IT Judgement

List of Penny stock judgement in favor of Assessee

13 Dec 2018

Gist of Penny stock judgement in favor of Assessee There are plenty of decision in favor of Assessee on penny…

Income Tax

Power to restrict validity of e-way bill as to distance per day finally challenged !!

13 Dec 2018

Power to restrict validity of e-way bill as to distance per day finally challenged !! Orson holdings_GST-2 (2)

GST

Gujarat HC admits writ challenging IGST on imports, ITC denial & IGST exemption on capital goods

13 Dec 2018

Gujarat HC admits writ challenging IGST on imports, ITC denial & IGST exemption on capital goods Gujarat HC issues notice…

Company Law

Draft Notice of First AGM & Director’s Report for Private Companies (Other than Small Company & OPC)

13 Dec 2018

Draft Notice of First Annual General Meeting & Director’s Report As per Provisions of Companies Act, 2013 (For the Private…

Income Tax

New revised Form No.49A for PAN Application !!

13 Dec 2018

New revised Form No.49A for PAN Application !! New revised Form No.49A for PAN Application !! Download

IT Judgement

CBDT issues directions for compulsory filing of Appeal if it relates to seven issues

13 Dec 2018

CBDT issues directions for compulsory filing of Appeal if it relates to seven issues It has been unambiguously and expressly…

Day: December 13, 2018

Taxability of Interest on enhanced compensation arising on compulsory acquisition of agricultural land

Transactions Treated as Supply under GST Even If Made Without Consideration

Section 14A cannot be invoked where no exempt income was earned by assessee in relevant assessment year.

Addition on the basis of TDS claimed due to Cash system of accounting is not sustainable

TIME, PLACE AND VALUE OF SUPPLY

List of Penny stock judgement in favor of Assessee

Power to restrict validity of e-way bill as to distance per day finally challenged !!

Gujarat HC admits writ challenging IGST on imports, ITC denial & IGST exemption on capital goods

Draft Notice of First AGM & Director’s Report for Private Companies (Other than Small Company & OPC)

New revised Form No.49A for PAN Application !!

CBDT issues directions for compulsory filing of Appeal if it relates to seven issues

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