Taxcharcha

Month : April 2019

CGST CircularsGST

Circular No. 99/18/2019-GST-extension in time under sub-section (1) of section 30 of the Act to provide a one time opportunity to apply for revocation of cancellation of registration on or before the 22nd July, 2019 for the specified class of persons for whom cancellation order has been passed up to 31st March, 2019.

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CGST CircularsGSTGSTLatest

Circular no. 98/17/2019-manner of utilization of input tax credit post insertion of the rule 88A of the CGST Rules

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by Team Taxcharcha0559
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CGST Tax NotificationsGSTGSTLatestTax Notifications

Notification no. 22/2019-Seeks to notify the provisions of rule 138E of the CGST Rules w.e.f 21st June, 2019

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CGST Tax NotificationsGSTGSTLatestTax Notifications

Notification no. 21/2019- procedure for quarterly tax payment and annual filing of return for taxpayers availing the benefit of Notification No. 02/2019– Central Tax (Rate), dated the 7th March, 2019

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Income TaxRecent Case Laws

That the return of notices issued under Section 133(6) unserved by the postal authorities is not sufficient to reach to the conclusion that sales to those parties are not genuine where the assesse has provided all the documentary evidence to prove genuineness of the sales. Further, disallowance on the ground of non-genuine sales cannot be a basis for addition u/s 68 of the Income Tax Act, 1961 – ITAT Delhi

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    [docxpresso file=”https://taxcharcha.com/wp-content/uploads/2019/04/ITAT-Delhi.odt” comments=”true” SVG=”true”]   To Download, M/s Singhal Exim Pvt.Ltd., Vs. Income Tax Officer, ITA No.6520/Del/2018...
Income TaxLatest

Where the High Court has framed substantial question of law in respect of the additions confirmed by the ITAT, penalty u/s 271(1)(c ) of the Income Tax Act cannot be levied as the same are on debatable and disputable issues on which difference of opinion can legitimately exist – ITAT Dellhi

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by Team Taxcharcha0365
    [docxpresso file=”https://taxcharcha.com/wp-content/uploads/2019/04/Bombay-HIgh-Court.odt” comments=”true” SVG=”true”]   To Download, GE Packaged Power Inc. Vs. DCIT (International Taxation)...
Income TaxRecent Case Laws

When an amount is paid as Dharmada along with the sale price of goods, such payment is not made in consideration of the transfer of goods. Such payment is meant for charity and is received and held in trust by the seller – SC

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    [docxpresso file=”https://taxcharcha.com/wp-content/uploads/2019/04/Supreme-Court-Civil-Appeal-No.-5282-of-2005.odt” comments=”true” SVG=”true”]   To Download order, Supreme Court Civil Appeal No. 5282 of 2005...
GSTLatest

Extension of Due date of GSTR 1 of Taxable persons having turnover more than Rs. 1.5 Crores to 13-04-2019

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by Team Taxcharcha0479
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Company LawLatest

Only declaration by first subscriber(s) and director(s) in INC-9 is mandatory and affidavit is NOT required to be filed. It may be noted while filing SPICe forms for incorporation of Companies.- MCA

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Stakeholders are requested to please note that Filing of affidavits (from each of the subscribers to the memorandum and from persons named as the first directors, if...
CGST CircularsGST

Circular clarifying issues regarding exercise of option to pay tax under notification No. 2/2019- CT(R) dt 07.03.2019 (first supplies of goods or services or both upto an aggregate turnover of fifty lakh rupees made on or after the 1st day of April in any financial year)issued

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Income TaxRecent Case Laws

Having regard to the manner in which the Assessing Officer has issued notice under section 274 r.w.s. 271(1)(c) of the Act without striking off the irrelevant words, the penalty proceedings show a non-application of mind by the Assessing Officer and is, thus, unsustainable.- ITAT Delhi

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    [docxpresso file=”https://taxcharcha.com/wp-content/uploads/2019/04/ITAT-Delhi-05.04.2019_2019-1.odt” comments=”true” SVG=”true”]   To Dowload , Shree Mahadev Cotex Vs ITO. ITA No. 6447/Del/2018...
Income TaxRecent Case Laws

Even if no activity has been carried out by the assessee-society towards its objects, it would not make the assessee-society disentitle for approval under section 80G of the I.T. Act. – ITAT Delhi

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by Team Taxcharcha0419
    [docxpresso file=”https://taxcharcha.com/wp-content/uploads/2019/04/ITAT-Delhi-04.04.2019-2.odt” comments=”true” SVG=”true”] To Download, Kedar Educational Society. Vs The CIT (Exemption), Chandigarh. ITA No. 7708/Del/2018...