Category: <span>TC VIP Content</span>

GST TC VIP Content

Learn! How to Make Voluntary Payment in GST through Form GST DRC-03

Dhanraj SharmaJuly 26, 2021July 26, 2021

Form GST DRC-03 is used to make voluntary payment in GST when we are making any payment through Annual Return (GSTR-9)/ Reconciliation Statement (GSTR-9C)/ payment in response to any notice...

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CBIC Issues Clarification Regarding Extension of Limitation under GST Law in terms of Hon’ble Supreme Court’s Order Dated 27th April 2021

Dhanraj SharmaJuly 26, 2021July 26, 2021

The Government has issued notifications under Section 168A of the CGST Act, 2017, wherein the time limit for completion of various actions, by any authority or by any person, under...

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A Thread on 25 Problems in GST

Dhanraj SharmaJuly 25, 2021

CA Harshil Sheth tweeted about 25 current problems in GST: ITC restrictions in 36(4) and 16(2)(aa). ITC Denial of utilizing u/r 86B. ITC reversal due to 180 days Non-payment. No...

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Bombay High Court’s Judgement on Depreciation on Intangible Assets: PCIT vs Piramal Glass Limited

Dhanraj SharmaJuly 25, 2021

COURT: Bombay High Court CORAM: Akil Kureshi J, S. J. Kathawallla J SECTION(S): 32(1)(ii) GENRE: Domestic Tax CATCH WORDS: Depreciation, intangible asset COUNSEL: Atul Jasani, Mehul Agarwal DATE: June 11,...

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Learn! How to Register under GST and File Amendment

Dhanraj SharmaJuly 24, 2021July 24, 2021

Training Kit: Registering with GST You can register with GST as a Normal Taxpayer/ Composition/ Casual Taxable Person/ Input Service Distributor/ SEZ Developer/ SEZ Unit/ Tax Deductor at Source or...

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Bombay High Court’s Judgement on Section 40A(9) of the Income Tax Act: PCIT vs State Bank Of India

Dhanraj SharmaJuly 24, 2021

COURT: Bombay High Court CORAM: Akil Kureshi J, S. J. Kathawallla J SECTION(S): 40A(9) GENRE: Domestic Tax CATCH WORDS: business expenditure, disallowance COUNSEL: Atul Jasani, Nitesh Joshi, P.J. Pardiwalla DATE:...

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Supreme Court’s Judgement in Vodafone Idea Ltd vs ACIT Case

Dhanraj SharmaJuly 23, 2021

COURT:Supreme CourtCORAM:Uday Umesh Lalit J, Vineet Saran JSECTION(S):143(1), 143(2), 241AGENRE:Domestic TaxCATCH WORDS:RefundCOUNSEL:J.D. Mistri, Zoheb HossainDATE:April 29, 2020 (Date of pronouncement)DATE:April 30, 2020 (Date of publication)AY:2017-18 CITATION: [ihc-hide-content ihc_mb_type="show" ihc_mb_who="2" ihc_mb_template="1" ] Grant of refund...

Corporate Compliance Calendar GST INCOME TAX MCA/ROC RBI SEBI NEWS TC VIP Content

39th Weekly Corporate Affairs Newsletter Only for TC VIP Users

CS LALIT RAJPUTJuly 23, 2021July 23, 2021

We thought it would help to give you a sense of what's available to you by subscribing to this 39th WEEKLY CORPORATE AFFAIRS Newsletter- · SEBI Updates · MCA Updates · RBI Updates · IBC Law Updates · Labour...

GST TC VIP Content

GST Important Advisory: Filing of Annual returns by composition taxpayers – Negative Liability in GSTR-4

taxconceptJuly 22, 2021July 22, 2021

Filing of Annual returns by composition taxpayers. - Negative Liability in GSTR-4 Instances have come to notice where taxpayers are reporting negative liability appearing in their GSTR-4Background: Since FY 2019-20, composition taxpayers...

INCOME TAX TC VIP Content

Important updates for Individual and HUF- No need to file Form 10-IE in case ITR 1 or ITR 2

CA Jayprakash PandeyJuly 22, 2021July 22, 2021

Option to opt for the new tax regime will be available for the taxpayers filing return of ITR 1 or ITR 2 in the return itself. There is no need...

BUSINESS & ECONOMY TC VIP Content

Important updates for all Aadhar Card holders – Now mobile number on Aadhar card by postman door-to-door service

CA Jayprakash PandeyJuly 22, 2021July 22, 2021

Now, you can update your mobile number on Aadhar card by postman door-to-door. India Post Payments Bank (IPPB) announced today it has launched a service for updating mobile number in...

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Madras High Court’s Judgement on Section 143(3) of the Income Tax Act: Salem Sree Ramavilas Chit Company vs DCIT

Dhanraj SharmaJuly 22, 2021

COURT: Madras High Court CORAM: C Saravanan J SECTION(S): 143(3) GENRE: Domestic Tax CATCH WORDS: Assessment, E-Assessment COUNSEL: G. Baskar DATE: February 4, 2020 (Date of pronouncement) DATE: February 19,...

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Bombay High Court’s Judgement on Section 68 of the Income Tax Act: Ivan Singh vs ACIT

Dhanraj SharmaJuly 21, 2021

COURT: Bombay High Court (Goa Bench) CORAM: M. S. Jawalkar J, M. S. Sonak J SECTION(S): 68 GENRE: Domestic Tax CATCH WORDS: Section 68 cash credit COUNSEL: Dr. P. Daniel...

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39th Weekly Taxation Newsletter

CS LALIT RAJPUTJuly 20, 2021July 22, 2021

We thought it would help to give you a sense of what's available to you by subscribing to this 39th WEEKLY TAXATION NEWSLETTER. ü Income Tax Updates ü GST Updates ü Custom/Excise Updates ü Important Case...

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Major six benefits of switching to Electric Vehicles (EVS)

CA Jayprakash PandeyJuly 20, 2021July 20, 2021

Current global market focus has shifted to Electric Vehicles due to its own attractiveness. India is one of them and growing at a much faster pace. Major six benefits of...

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Bombay High Court’s Judgement on Bogus Cash Credits: PCIT vs Alag Securities Pvt. Ltd

Dhanraj SharmaJuly 20, 2021

COURT:Bombay High CourtCORAM:Milind D. Jadhav J, Ujjal Bhuyan JSECTION(S):68GENRE:Domestic TaxCATCH WORDS:Bogus Accomodation EntriesCOUNSEL:Suresh KumarDATE:June 12, 2020 (Date of pronouncement)DATE:June 13, 2020 (Date of publication)AY:2003-04 CITATTION: Section 68- Bogus Cash Credits: In...

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AAR Maharashtra’s Judgement on Entitlement of Input Tax Credit under the CGST/ SGST Act

Dhanraj SharmaJuly 20, 2021

Case: Sundharams Private Ltd. Dated: 18.03.2020 Query: Whether it is entitled to avail Input tax credit under CGST/SGST Act in respect of taxes to be paid on its purchase of...

GST TC VIP Content

Important GST Weekly Update

VIPUL KHANDHARJuly 19, 2021July 19, 2021

GSTN portal has recently added an option to pre-fill an application form for the tax refund of the tax filed for the taxpayers: The portal has included the columns for the information...

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Karnataka High Court’s Judgement on Section 54F of the Income Tax Act: Navin Jolly vs ITO

Dhanraj SharmaJuly 19, 2021

COURT: Karnataka High Court CORAM: Alok Aradhe J, M. Nagaprasanna J SECTION(S): 54F GENRE: Domestic Tax CATCH WORDS: Exemption, Residential House COUNSEL: A. Shankar DATE: June 18, 2020 (Date of...

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AAR Maharashtra’s Judgement on Applicability of Notification and Admissibility of Input Tax Credit of Tax Paid or Deemed to be Paid

Dhanraj SharmaJuly 18, 2021

Case: M/s TATA Motors Limited. Dated: 25.08.2020. Query: Applicability of Notification and Admissibility of input Tax Credit of tax paid or deemed to be paid. [ihc-hide-content ihc_mb_type="show" ihc_mb_who="2" ihc_mb_template="1" ]...

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Bombay High Court’s Judgement on Section 28(iv) of the Income Tax Act: Essar Shipping Limited vs CIT

Dhanraj SharmaJuly 18, 2021

COURT: Bombay High Court CORAM: Milind D. Jadhav J, Ujjal Bhuyan J SECTION(S): 28(iv) GENRE: Domestic Tax CATCH WORDS: subsidy, waiver of loan COUNSEL: P. C. Chhotaray, P. C. Tripathi,...

INCOME TAX TC VIP Content

Income Tax Quarterly Updates (April 2021 to June 2021)- Including Covid-19 relaxations / updates

CA Heer GajjarJuly 17, 2021July 17, 2021

Income Tax Quarterly Updates (April 2021 – June 2021)- Including Covid-19 relaxations / updates Income Tax is the tax that is collected by the Central Government for each financial year...

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Bombay High Court’s Judgement on Section 69C of the Income Tax Act: PCIT vs Vaman International Pvt Ltd

Dhanraj SharmaJuly 17, 2021July 17, 2021

COURT: Bombay High Court CORAM: Milind D. Jadhav J, Ujjal Bhuyan J SECTION(S): 69C GENRE: Domestic Tax COUNSEL: Akhileshwar Sharma DATE: January 29, 2020 (Date of pronouncement) DATE: July 3,...

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AAR Gujarat’s Judgement on HSN Code and GST Tax Rate of ‘Geared Motor’

Dhanraj SharmaJuly 16, 2021July 16, 2021

Case: M/s. Power Build Private Limited. Dated: 13.12.2017 Query: What is the HSN Code and GST Tax Rate of a product ‘Geared Motor’? [ihc-hide-content ihc_mb_type="show" ihc_mb_who="2" ihc_mb_template="1" ] To Download...

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Bombay High Court’s Judgement on Reopening for Bogus Capital Gains from Penny Stocks

Dhanraj SharmaJuly 16, 2021

CASE: Gateway Leasing Pvt. Ltd vs. ACIT COURT: Bombay High Court CORAM: Milind D. Jadhav J, Ujjal Bhuyan J SECTION(S): 10(38), 147, 148, 45 GENRE: Domestic Tax COUNSEL: Jas Sanghvi,...

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AAR Gujarat’s Judgement on Classification of the Products Manufactured and Service Provided

Dhanraj SharmaJuly 15, 2021July 15, 2021

Case: M/s. Docsun Power Pvt. Ltd. Dated: 20.03.2018 Query: Classification of the products manufactured and service provided by them. To Download the Judgement, Please Click Here

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Bombay High Court’s Judgement on Section 68 of the Income Tax Act: CIT vs Sadiq Sheikh

Dhanraj SharmaJuly 14, 2021July 14, 2021

COURT: Bombay High Court (Goa Bench) CORAM: Dama Seshadri Naidu J, M. S. Sonak J SECTION(S): 68 GENRE: Domestic Tax COUNSEL: Nikhil Pai, S. S. Kantak, Susan Linhares DATE: October...

GST TC VIP Content

GSTN’s Webinar on New Functionalities related to Returns, Ledgers and Payments deployed on GST Portal

taxconceptJuly 14, 2021July 14, 2021

Invite to Taxpayers for GSTN’s Webinar on New Functionalities related to Returns, Ledgers and Payments deployed on GST Portal In Hindi on Wednesday, 14th July 2021 (4:00 PM) at Link

MCA/ROC TC VIP Content

MCA / ROC Updates / Circulars- Quarterly E-Newsletter [April 2021 – June 2021]

CS LALIT RAJPUTJuly 13, 2021July 13, 2021

MCA / ROC Updates / Circulars Quarterly E-Newsletter April 2021 – June 2021 (Including Covid-19 News) [embeddoc url="https://taxconcept.net/wp-content/uploads/2021/07/MCA-Quarterly-Updates-_-April-to-June-2021_-CS-Lalit-Rajput.pdf" download="all"] अपने पसंद की भाषा में नोटिफिकेशन/सर्कुलर पढ़े।CLICK HERE TO DOWNLOAD APP

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AAR Gujarat’s Judgement on Applicability of GST on Invoices Raised for Storage Charges for Storing Imported Agri Product in Godowns

Dhanraj SharmaJuly 13, 2021

Case: M/s. Rishi Shipping. Dated: 20.03.2018 Query: The applicability of GST for invoices raised to their clients for storage charges for storing their imported agri product in godowns at Gandhidham....

Category: TC VIP Content

Learn! How to Make Voluntary Payment in GST through Form GST DRC-03

CBIC Issues Clarification Regarding Extension of Limitation under GST Law in terms of Hon’ble Supreme Court’s Order Dated 27th April 2021

A Thread on 25 Problems in GST

Bombay High Court’s Judgement on Depreciation on Intangible Assets: PCIT vs Piramal Glass Limited

Learn! How to Register under GST and File Amendment

Bombay High Court’s Judgement on Section 40A(9) of the Income Tax Act: PCIT vs State Bank Of India

Supreme Court’s Judgement in Vodafone Idea Ltd vs ACIT Case

39th Weekly Corporate Affairs Newsletter Only for TC VIP Users

GST Important Advisory: Filing of Annual returns by composition taxpayers – Negative Liability in GSTR-4

Important updates for Individual and HUF- No need to file Form 10-IE in case ITR 1 or ITR 2

Important updates for all Aadhar Card holders – Now mobile number on Aadhar card by postman door-to-door service

Madras High Court’s Judgement on Section 143(3) of the Income Tax Act: Salem Sree Ramavilas Chit Company vs DCIT

Bombay High Court’s Judgement on Section 68 of the Income Tax Act: Ivan Singh vs ACIT

39th Weekly Taxation Newsletter

Major six benefits of switching to Electric Vehicles (EVS)

Bombay High Court’s Judgement on Bogus Cash Credits: PCIT vs Alag Securities Pvt. Ltd

AAR Maharashtra’s Judgement on Entitlement of Input Tax Credit under the CGST/ SGST Act

Important GST Weekly Update

Karnataka High Court’s Judgement on Section 54F of the Income Tax Act: Navin Jolly vs ITO

AAR Maharashtra’s Judgement on Applicability of Notification and Admissibility of Input Tax Credit of Tax Paid or Deemed to be Paid

Bombay High Court’s Judgement on Section 28(iv) of the Income Tax Act: Essar Shipping Limited vs CIT

Income Tax Quarterly Updates (April 2021 to June 2021)- Including Covid-19 relaxations / updates

Bombay High Court’s Judgement on Section 69C of the Income Tax Act: PCIT vs Vaman International Pvt Ltd

AAR Gujarat’s Judgement on HSN Code and GST Tax Rate of ‘Geared Motor’

Bombay High Court’s Judgement on Reopening for Bogus Capital Gains from Penny Stocks

AAR Gujarat’s Judgement on Classification of the Products Manufactured and Service Provided

Bombay High Court’s Judgement on Section 68 of the Income Tax Act: CIT vs Sadiq Sheikh

GSTN’s Webinar on New Functionalities related to Returns, Ledgers and Payments deployed on GST Portal

MCA / ROC Updates / Circulars- Quarterly E-Newsletter [April 2021 – June 2021]

AAR Gujarat’s Judgement on Applicability of GST on Invoices Raised for Storage Charges for Storing Imported Agri Product in Godowns

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