Notifications and Circulars issued on 4th September 2018
The Central Board of Indirect Taxes and Customs have released the various notifications and circulars on 4th September 2018 which has been categorized in the...
Circular No. 57/31/2018 – GST – Scope of Principal-agent relationship in the context of Schedule I of the CGST Act
Circular_No.57.pdf jsessionid=19DAC5712D3F3C0500B873C48DAB4F80...
Notification No. 39/2018 – Central Tax – Government notifies GSTR 9 and GSTR 9A
The Central Board of Indirect Taxes (CBIC) has notified the GSTR 9, GSTR 9A and substituted the GST REG 20 and GST ITC 04. To...
All about “Damages”
DAMAGES Damages, in simple terms, refer to a form of compensation due to a breach, loss or injury. “Damages” are often confused with “damage”. However,...
Implementation Guide to SA 610 (Revised) by ICAI
The Institute of Chartered Accountants of India (ICAI) has released “Implementation guide to standards on Auditing (SA) 610 (Revised) titled Using the work of Internal...
Mandatory e-assessments in majority of cases for AY 2018-19 excepts 7 cases – CBDT
In the direction of paperless working in the income tax department, the CBDT vide its Instruction no. 03/2018 issues an instruction for conducting assessment proceedings...
Implementation guide w.r.t. Notification no. 33/2018 dated 20.07.2018 effective from 20.08.2018 issued by ICAI
The Institute of Chartered Accountants of India (ICAI) has issued the Implementation guide w.r.t Notification no. 33/2018 dated 20.07.2018 effective from 20.08.2018 on 22nd August...
Deduction u/s 54 is allowed even if the assessee purchased new residential house before the sale of another residential house owned by him – ITAT Mumbai
Held: The Mumbai Tribunal in a recent decided case law has held that where the assessee has purchased the new residential house before the sale...
SLP admitted against the ruling that interest earned on funds deposited prior to commencement of business – SC
The Supreme Court has granted SLP against the High Court ruling that interest received on funds deposited with the banks borrowed for specific purpose of...
CBDT proposes to amend the rules for making the process of issue of certificate for no deduction or lower deduction electronically
For the purpose of downloading the revised Form No. 13, Click here...
Amended Form 3CD deferred to next year
CBDT has deferred the implementation of reporting requirement under the proposed clause 30C(pertaining to General Anti-Avoidance Rules (GAAR)) and proposed clause 44 (pertaining to Goods...
GST is attracted on the services of employees of Corporate Office to Branch Office : AAR Karnataka
Ruling : The activities performed by the employees at the corporate office in the course of or in relation to employment such as accounting, other...