Taxcharcha

Month : March 2019

G.S.TRecent Case Laws

“Reasons to Believe” in GST and what procedure followed during the search was illegal – High Court of Allahabad

Team Taxcharcha
by Team Taxcharcha01626
    [docxpresso file=”https://taxcharcha.com/wp-content/uploads/2019/03/Reason-to-belive-in-CGST.odt” comments=”true” SVG=”true”] To Download the order of High Court, WTAX(A)_619_2018...
Income TaxRecent Case Laws

When the assessee company stands dissolved as defunct company u/s 560(5) of the Companies Act, 1956 (section 248(2) of the Companies Act, 2013) that doesn’t mean that income tax proceedings and appeals become infructuous. – Supreme Court of India

Team Taxcharcha
by Team Taxcharcha0617
    [docxpresso file=”https://taxcharcha.com/wp-content/uploads/2019/03/Defunct-Company-1.odt” comments=”true” SVG=”true”] To download, High Court of Rajasthan at Jaipur- Gopal Shri Scrips Pvt Ltd. Supreme Court of India _ Gopal...
G.S.TRecent Case Laws

The Long duration post graduate programs offered by Indian Institute of Management, Bangalore will be exempt from GST under Si. no. 66 of the Notification No. 12/2017 CT(R) – AAR Karnataka

Team Taxcharcha
by Team Taxcharcha0410
[docxpresso file=”https://taxcharcha.com/wp-content/uploads/2019/03/AAR-Karnataka.odt” comments=”true” SVG=”true”] To download order, The Karnataka Appellate Authority for Advance Ruling – IIMB The Authority on Advance Rulings – Karnataka – IIMB...
GSTLatest

Circular No. 92/2019 – Circular clarifying various doubts related to treatment of sales promotion scheme under GST

Team Taxcharcha
by Team Taxcharcha0660
Circular No. 92/11/2019-GST F. No. 20/16/04/2018-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing...
GSTLatest

Notification No. 02/2019-Central Tax (Rate) – To give composition scheme for supplier of services with a tax rate of 6% having annual turn over in preceding year upto Rs 50 lakhs.

Team Taxcharcha
by Team Taxcharcha0400
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of Revenue) Notification...
GSTLatest

Notification no. 14/2019-Central Tax – Seeks to supersede notification No. 08/2017 – Central Tax dated 27.06.2017 in order to extend the limit of threshold of aggregate turnover for availing Composition Scheme u/s 10 of the CGST Act, 2017 to Rs. 1.5 crores.

Team Taxcharcha
by Team Taxcharcha0373
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central...
GSTLatest

Notification no. 13/2019-Central Tax, prescribe the due dates for furnishing of FORM GSTR-3B for the months of April, May and June, 2019.

Team Taxcharcha
by Team Taxcharcha0422
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central...
GSTLatest

Notification No. 12/2019-Central Tax-prescribe the due dates for furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover of more than Rs. 1.5 crores for the months of April, May and June, 2019.

Team Taxcharcha
by Team Taxcharcha0758
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central...
GSTLatest

Notification No. 11/2019-Central Tax – Seeks to prescribe the due dates for furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover upto Rs. 1.5 crores for the months of April, May and June, 2019.

Team Taxcharcha
by Team Taxcharcha0469
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central...
GSTLatest

Implementation of various decisions taken by the GST Council for the MSME Sector; Issue of Notifications there of

Team Taxcharcha
by Team Taxcharcha0355
The GST Council in its 32nd Meeting held on 10th January, 2019, inter-alia, had taken the following decisions to be effective from 1st April, 2019 (01.04.2019): ·         Higher Exemption Threshold Limit...
Income TaxRecent Case Laws

Merely because assessee company had filed all primary evidence, it could not be said that onus on assessee company to establish the credit worthiness of investor companies stood discharge. Assessing Officer was justified in passing assessment order making additions under section 68 for share capital/share premium received by assessee company – SC

Team Taxcharcha
by Team Taxcharcha0501
Held:  The Court/Authorities below did not even advert to the field enquiry conducted by the AO which revealed that in several cases the investor companies...