Appeals under GST

Appeal before Appellate Authority Any person who thinks that the order or decision by the adjudicating authority is not as per law then such person can file an appeal to the Appellate Authority. The appeal should be filed within three months of communication of order or decision to such person. Commissioner may at its own […]

GST on DropShipping Business

What is a dropshipping business? Dropshipping is a business in which the seller sells the goods which he does not own at time of selling goods but then passes the order to a third party after receiving order. Such third party then delivers the order to the purchaser. For example, a person has a website […]

GST on Government Related Activities

Introduction Government is considered as a “person” under the GST act. Therefore, any supply of goods or services by or to government is subject to GST unless exempted. Activities or transactions undertaken by the Central Government or State Government or Union Territory or Local Authority in which they are engaged as public authority i.e. services by way […]

Transfer of ITC in case of Death of Sole Proprietor

In case of death of sole proprietor and business is continued by any person being transferee or successor, the input tax credit which remains un-utilized in the electronic credit ledger is allowed to be transferred to the transferee. The manner of taking such ITC is as below Registration liability of successor – Successor is liable […]

Transfer of ITC in case of Transfer of Business

A registered taxpayer may change its constitution vide sale/ amalgamation/merger/demerger/transfer of business. In such condition registered taxpayer has available matched Input Tax Credit (ITC) in electronic credit ledger which will need to be passed to the transferee. In this article, we will discuss about in which conditions ITC can be transferred and how it will […]

Assessment Under GST

New standard procedures issued by the CBIC requires the proper officers to issue a notice under GSTR-3A within 5 days of due date of return. As per Section 46 of CGST Act, a period of 15 days is to be given to taxpayer to file returns. If the taxpayer still not files the returns within […]

5 changes that come into effect from 1st April 2020 in Income Tax

The current financial year 2019-20 is closing on 31st March as usual and the new financial year 2020-21 is starting from today (April 1). In view of the lockdown to check the spread of corornavirus, the government had earlier extended the deadline for filing income tax returns for 2018-19 as well as that for linking PAN with […]

4 Best Indian Billing Software

There are hundreds of invoicing and accounting software available in market. Choosing one is a difficult task. Businesses who has a good amount of turnover or are liable to audit under Income tax or GST should go for a accounting software. Read here our article about Best Indian Accounting software. Businesses whose books are not […]

Shri Tapas Kumar Bandopadhyay vs Assessee on 1 June, 2016

This appeal by assessee is arising out of order of CIT(A)-22, Kolkata vide Appeal No. 102/CIT(A)-22/Kol/14-15 dated 02.11.2015. Assessment was framed by DDIT- 3(1) (IT), Kolkata u/s. 143(3) of the Income-tax Act, 1961 (hereinafter referred to as “the Act”) for Assessment Year 2010-11 vide his order dated 07.02.2013. 2. The only issue to be decided in […]

Shri Sharad Mishra Vs ITO (ITAT Lucknow)

Brief of the case: The ITAT Lucknow in the case of Sharad Mishra vs. ITO held that the arrival of assessee in India at night cannot be treated as his stay for the complete day. Thus, the actual hours of the day stayed only could be counted as stay in India on that day. Therefore, […]