GST & Hostel services : Hostel facility provided for less than Rs. 1,000 per day with other services without any charge is exempt from GST

KEY CHALLENGES IN ANNUAL RETURN

Excellent Representation against complicated GST Annual Return & GST Audit

GST exemption on the upfront amount for long term lease of plots

Delay in issuance of completion certificate on account of time taken by competent authority & admissibility of duction under section 80-IB(10)

Interesting Case: Brokerage paid for arranging tenant is allowable expenditure?

A well elaborated order by Kolkata ITAT – Loss on share trading couldn’t be disallowed alleging it as bogus if all transactions were carried on stock exchange

Cancellation of registration of charitable trust – Order passed by CIT(E) based on mere surmises and conjectures need to be set aside.

How to close the account opened under Capital Gain Deposit Account Scheme (CGDAS)?

Selling of own land after plotting it out in order to secure better price is not an adventure in the nature of trade or business

Isolated activity could not come within the purview of adventure in the nature of trade and business.

Conversion of agricultural land in to non agricultural land can be said to be a business activity?

Input Tax credit (GST) cannot be denied to recipient for default on part of the supplier- Delhi High Court issued notice to UNION OF INDIA

Additional reporting required to be done by the Auditors of Trust in Maharashtra

Section 276CC deals with failure to comply with the obligation under sections 139(1) or 142(1) or 148 of Income Tax Act. Disobedience of each said provision of law itself constitutes a distinct offence

Before you begin Tax Audit for FY 2018-19, Know important points in Form No. 3CD

Addition under section 68 towards Unexplained cash credits

GSTN to consider error committed by assessee in filing Tran-1 after HC’s decision on identical issues