GST Update
GST is applicable on Paying Guests Services.
Paying Guest Services not to be confused with Exemption under Clause 12 , Notification No. 12/2017 (Central) Services by way of renting of residential dwelling for use as residence.
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NCLAT : In Rajesh Arora vs. Sanjay Kumar Jaiswal
Adjudicating Authority passed exparte order without notice to the ‘Corporate Debtor’ is in violation of rules of Natural Justice.
Read full case law at : https://dasgovernance.com/2018/12/14/nclat-in-rajesh-arora-vs-sanjay-kumar-jaiswal/
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AAR, Maharashtra ruling in Lions Club of Poona Kothrud (2018 (12) TMI 590). when the Fee collected from the Members of Lions Club is not ‘supply’.
Writ petition admitted in High Court challenging the press release dated 18.10.2018 pointing out that according to sec 16(4) of CGST Act, a registered person is not entitled to take ITC in respect of invoice or debit note after the due date of furnishing September month return u/s 39 of CGST Act following the end of the FY to which such invoice or debit note pertains or furnishing of annual return whichever is earlier.
Taxmen may soon come knocking at the premises of companies that have registered for the goods and services tax and vanished, not having filed returns or paid their taxes. The authorities are considering putting in place an extensive plan to hunt for these missing GST taxpayers, which includes visiting their premises.
Sebi eased norms for startup listings and allowed mutual funds to segregate distressed assets to safeguard investment returns. Sebi board also approved a proposal to expand the offer-for-sale mechanism for reduction of a stake in listed companies and relaxed clubbing of investment limit norms for well-regulated foreign investors.
Final Bank Branch Auditors’ Panel of Chartered Accountants/firms for the year 2018-19 is hosted at www.meficai.org till 14th December, 2018, thereafter the same will be sent to RBI.
Elections commission will propose amendments to the Representation of the People Act, 1951, that will require citizens to link their Electoral Photo ID Card (EPIC) with the 12-digit Aadhaar, while ensuring privacy protection, said people with knowledge of the matter.
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Income Tax Dept asks Taxpayers to Beware of Phishing and Fake Refund Messages
Read more at: http://www.taxscan.in/income-tax-phishing-fake-refund/31574/
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Commissioner (Appeals) can’t condone Delay beyond Statutory Period: Madras High Court condones Delay [Read Order]
Read more at: http://www.taxscan.in/delay-statutory-period-madras-high-court/31577/
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Capital Gain of Minor rightly Clubbed with Income of Mother: ITAT [Read Order]
Read more at: http://www.taxscan.in/capital-gain-minor-clubbed-mother-itat/31583/
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GST Evasion: Govt releases State-Wise details of Cases, Maharashtra Tops the List
Read more at: http://www.taxscan.in/gst-evasion-govt-releases-state-wise-details-of-cases-maharashtra-tops-the-list/31606/
