SECTION-7 MEANING AND SCOPE OF SUPPLY UNDER GST

Bye Bye to One Nation – One Tax: Kerala retaining old GST threshold limit – Now different states – Different Limit

Conversion of stock in trade in to capital assets is taxable now

Whether the trust is eligible for basic exemption limit as is applicable to Individual?

FMV of the shares has to be calculated by taking the Stamp Duty Value of the immovable property

Bogus share capital matter decided in favour or revenue by Delhi HC

Section 56(2)(x) and Section 50CA: In an attempt to plug the loopholes, it has resulted in double taxation for the same income.

Works contract service to State power distribution company for its commercial use attract 18% GST: AAR-Chhatisgar

Shares issued below fair market value- No tax if issued on proportionate basis

Notification No. 48/2017 amended to amend the meaning of Advance Authorisation by C.A. to avail Input Tax Credit : Notification 01/2019

ANGEL TAX ON START UP: NOTIFICATION NO. 24/2018, DATED: 24-05-2018

Section 56(2)(viib) not applicable where the company had only closely related shareholders

Assessee is free to adopt the adopt a method of his choice to determine FMV of shares u/s 56(2)(viib)

Premium is abnormally high as per test of human probabilities is not sufficient for its taxation

Non availability of vendors at the given address does not make purchase as Bogus

Procedure for charge registration under the Companies Act- Easy and Simple reference:

Filing of Form GSTR-4 -Inward details in Table 4A is mandatory or not?

Power of Attorney which does not enable enjoyment of property does not result in a “transfer”. CBDT Circular No.495 dated 22.9.1987 reads more into s. 2(47)(vi) than warranted