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Search results for: section 54

Telephone and E-mails Cant Change Personal Hearing

Bombay HC Reminds GST Authority for a New Decision Via Personal Hearing

Hearings cannot be replaced by telephone & e-mails. This verdict was passed by the Bombay High Court while responding to the petitioner “BA Continuum India Pvt. Ltd.” and respondent “GST authority” in a hearing-related case. The petitioner(BA Continuum India Pvt. Ltd.) is a company and provides information technology and information technology-enabled services to customers located […]

Steps After Suspension of GST Registration

Legal Procedure to Follow After GST Registration Suspension

Prior to the changes in the CGST reform act 2018, there is no idea of the suspension of the GST registration beneath GST law. This act introduced the suspension of the enrollment through inserting the proviso to section 29 (2) of the CGST Act, 2017 effective from 01.02.2019. The proviso directed that: Moreover, it further […]

GST Amendments in Budget 2021

Finance Bill 2021: Brief Details of All Major GST Amendments

The budget 2021, which was announced by the Finance Minister on Feb 1, 2021, proposed many changes in a range of finance sectors. The sectors which were affected the most by the recent Indian budget are taxation, personal finance, pensioners, etc. A number of proposals for amendment in certain GST rules were also proposed by […]

Tax Deductions on Capital Gain

ITAT Bangalore: Deductions on Capital Gain Over Sale on Land

The Income Tax Appellate Tribunal (ITAT) Bangalore, ruled that the profit on selling the land comes beneath the capital gain and thus liable for all the deductions permitted while calculating the income beneath the capital gain. The taxpayer is the owner of Shri Babulal is the proprietor of M/s. Bangalore sales and marketing is said […]

Physical Location Verification Before GST Registration

GST Reg. After Physical Location Verification Without Authentication of Aadhaar

The government of Delhi specifies that Delhi Goods and services tax (3rd alteration) Rules, 2020 to change the rules Delhi Goods and services tax 2017. On providing the application the notification reveals that the applicant is liable for the testimonial process of Aadhar number for giving the enrollment from April 1, 2020. There occurs a […]

TDS will be Refunded Post-filing an ITR

TDS will be Refunded Post Filing an Income Tax Return

An income tax return (ITR) will be furnished when the income from all sources will (without giving effect to exemptions under section 54/54F or deduction under chapter VI A) exceed the highest value not liable to the income tax. One seeks to see the difference in income arising from all the sources before filing ITR […]

GST Refund Claims within 15 Days

Act for the GST Refund Claims within 15 Days or Pay Interest: Delhi HC

The Delhi High Court has ordered the GST (Goods and Services Tax) officials to act upon the refund claims of the assessees within 15 days or pay the claims of the assessee along with an interest. The high court asked the officials to do so pointing out the errors in the GST refund claims Get […]

No Capital Gain Deduction

Capital Gain Deduction of House Sale Rejects Water & Electricity Bills

The Income Tax Appellate Tribunal (ITAT), Jaipur, has ruled that the previous water and electricity bills can not be provided as proof of construction of a house to claim deductions under capital gains under section 54F of the Income Tax Act, 1961 “Get to know complete guide of TDS provisions under income tax act 1961 […]

GSTR 2A - ITC Refund Clarification

GST Circular No. 139/09/2020 Issued on GSTR 2A ITC Refund Clarification

The Central Board of Indirect Tax and Customs (CBIC) issued a clarification of the refund of ITC under form GSTR-2A The CBIC has issued the notification on October 09, 2019 regarding Input tax credit limitation. Now, it is mandatory to upload complete invoices if taxpayers want full credit. Read More. The clarification has been provided […]

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