State of Punjab and Another vs Kalsi Pipes Private Limited [PUNJAB AND HARYANA HIGH COURT, 23 Nov 2009]New Model Industries Private Limited vs State of Punjab and Another [PUNJAB AND HARYANA HIGH COURT, 11 Nov 2009]Sales Tax - VAT - Punjab General Sa ..
1. Definitions – Manufacture – Clause 3 – S 2 (29BA):- Clause 3 of the Finance Bill 2009 has sought to introduce sub section 29BA in section 2 of the Income Tax Act wherein the manufacture is defined for the first time The amendment ..
One should not keep any unaccounted or undisclosed money, property or income popularly known as black money. If such a disclosure is made before its detection by the Income Tax Department, the chances of being trapped in a tax raid are minimized. A t ..
The Maharashtra Value Added Tax Act, 2002 (MVAT Act, 2002) is in force from 01.04.2005. One of the features of this Act is that specified dealers are required to submit Audit Report as obtained from Auditor i.e. either Chartered Accountant ..
Frequently Asked Questions and Answers on GSTQuestion 1 : What is the justification of GST ? Answer : There was a burden of "tax on tax" in the pre-existing Central excise duty of the Government of India and sales tax system of the State Go ..
INPUT SERVICE Rule 2 (1) “Input Service” Input Service means any service(i) used by a provider of taxable service for providing an output service(ii) used by manufacturer, whether directly or indirectly, in ..
Section 143 of the Income Tax Act, 1961 (the Act) was substituted by the Direct Tax Laws (Amendment) Act, 1987 w.e.f 1/4/1989. Prior to 1/4/1989, as per the provisions of sub-section (3) of section 143 of the Act the Assessing Officer after examinati ..
Section 66A – Setoff Issue The subject matter of this paper is – Whether Cenvat credit can be setoff against liability on import of services? Argument of the Department against set-off is - Provision of Rule 5 of the Taxation of Service ..
Online TAN Registration The Income Tax Department requires all deductors to register their TANs online. Authenticated access (through user ID and password) will be provided to registered deductors. On login, the following will be available to the ded ..
MAHESH KAPASI & CO E-Mail: maheshkapasi49@gmail.comChartered Accountants Phone: 2686 8147B-49, Gulmohar Park, ..