Pages

Friday, 29 December 2017

Latest GST updates

1. Notification- 71/2017-Central Tax ,dt. 29-12-2017
Extends the due dates for 

QUARTERLY furnishing of FORM GSTR-1

for taxpayers with aggregate turnover of upto Rs.1.5 crore.
Jul-Sep'17 :  10-Jan-2018
Oct-Dec'17 : 15-Feb-2018
Jan-Mar'18 : 30-Apr-2018

2. Notification 72/2017-Central Tax ,dt. 29-12-2017 
Extends the due dates for 

MONTHLY furnishing of FORM GSTR-1 

for taxpayers with aggregate turnover of more than Rs.1.5 crores.
Jul-Nov'17:  10-Jan-2018
Dec'17 :  10-Feb-2018
Jan'18 :  10-Mar-2018
Feb'18 :  10-Apr-2018
Mar'18 :  10-May-2018

3. Notification 73/2017-Central Tax ,dt. 29-12-2017 

Waives the late fee payable for failure to furnish the return in FORM GSTR-4

Monday, 25 December 2017

PIL on Double Taxation Issue: Delhi HC Issues Notices to Govt, GST Council

<p>In a petition relating to double taxation issue on imported goods sold from one Customs-bonded warehouse to another, the Delhi High Court issued notices to the Union government, the GST Council and the Central Board of Excise and Customs (CBEC). Recently, the CBEC had issued a circular clarifying that any supply of imported goods taking place before the goods crosses Customs frontiers of India should be treated […]</p>

Friday, 22 December 2017

CBDT, After Rap By High Court, Bans Adjournments By DRs In ITAT Without Substantial Cause

CBDT, After Rap By High Court, Bans Adjournments By DRs In ITAT Without Substantial Cause

The Delhi High Court in Showa Corporation vs. Dy. Commissioner of Income Tax passed strictures against the practice of the Departmental Representatives seeking adjournment before the Tribunal on frivolous grounds even in high demand cases. Pursuant to that, the CBDT has issued a directive dated 14th December 2017 stating that Department Representatives should not seek adjournments in cases listed before ITAT without substantial cause or reason



--
N.K. Goel & Bros.
Chartered Accountants
CA Yashu Goel
9899263490

Wednesday, 20 December 2017

Outcome of hearing at Delhi High Court on Disqualification of Directors u/s 164 (2) (a):

 

 

Scenario 1:

 

If the Co. is active but all or some of Directors are Disqualified:

 

Option Available:

 

Avail Benefit of Condonation of Delay, Scheme, 2018 and Complete your all pending annual filing withing 3 months Window of (01.01.2018 - 31.03.2018).

 

Once the company completes all pending annual filing, the DIN to continue and disqualification shall be removed permanently.

 

Scenario 2:

 

Co. Strike Off and all Directors Disqualified:

 

Option Available:

 

Stricken Off Company's fate to be decided tomm by the Hon'ble Delhi High Court whether they shld also be given a chance to complete pending annual filing through a spearate amnesty Scheme by MCA or NCLT has exclusive jurisdiction to revive a company struck off by RoC. Ministry to report tomm in DHC upon this matter.

 

Monday, 11 December 2017

Assessee is Eligible for Interest on Excess Amount Paid on Self-Assessed Tax: Kerala HC [Read Judgment]

Assessee is Eligible for Interest on Excess Amount Paid on Self-Assessed Tax: Kerala HC [Read Judgment] 

Sunday, 10 December 2017

Press Release + S. 119 Order Reg Extension By CBDT Of Due Date For Linking Of Aadhaar With PAN

Press Release + S. 119 Order Reg Extension By CBDT Of Due Date For Linking Of Aadhaar With PAN

The Ministry of Finance has issued a press release dated 8th December 2017 together with an order of the same date issued u/s 119 of the Income-tax Act, 1961 (the Act) stating that the due date under section 139AA for taxpayers having Aadhaar Number or Enrolment Number to link the same with Permanent Account Number (PAN) has been extended till31.03.2018


--
N.K. Goel & Bros.
Chartered Accountants
CA Yashu Goel
9899263490