Rajkumar Gutti
30 January 2020 at 16:59
Stay order for paying Rcm Gst on import ocean freight has been granted by Gujrath High court on 23.01.20. ( Mohit minerals V/s UOI ) In above case Rcm gst is paying or not on Import ocean freight. Please guide elborately
thank you sir for your answer
Anonymous
16 January 2020 at 20:05
A person limit on cash deposits and withdrawals in bank sb and current account as per income tax act.
Can ITC Claim of F.Y.-2018-19 in GSTR-3B up to September'2019 ? one of my client itc of nov'2018 not claimed till the GSTR-3B of Feb'2019. I wants to know can he Claim such ITC in GSTR-3B from March'2019 to Sep'2019 as his GSTR-3B not filed from Feb'2019. Please reply. Thanks & Regards
Anonymous
16 January 2020 at 08:55
Sir,
One I t.person (son) cash gift received from another person( Mather) Rs.150000/- * 3 times different dates total Rs.450000/- received one finicial year allowed in income tax act.
I have asked to CA he said that ito can not levy Penalty U/S 234F if my original return is filed in due time and there is no provision of penalty u/s 234F in Revised Return. then now what i to do?
Thanks & Regards
Anonymous
15 January 2020 at 12:56
Sir,
One I.t. individual person and one I.t. business person maximum cash on hand limit show in balance sheet at the end of the finicial year under income tax act
sir how can ito levy penalty u/s 234F as my original return filed in prescribed time period i.e. 31.08.2019 of Income tax Return A.Y.-2019-20.As per rule of Income tax If i filed my return in time then there is no provision to levy penalty in Revise Return. Please answer in details.
Thanks & Regards
I have Submitted Income Tax Return A.Y.-2019-2 on Dt. 31.08.2019 showing Income Rs. 317000/- and e verified on 24.12.2019. Thereafter I filed a revised I.T. Return on Dt. 24.12.2019 and showing Income Rs. 340000/-. Thereafter I got Intimation U/s 143(1) on Dtd. 13.01.2020 showing Penalty U/s 234F of Rs. 1000/-. I want to Know that an ITO can Impose Penalty U/s 234F in Revise Return or not ? Please Answer anyone Thanks & Regards.
Gujarat high court deceision on ocean import freight rcm gst
ON 23.01.2020, GUJRAT HIGH COURT GIVEN DECISION REGARDING GST ON IMPORT OCEAN FREIGHT IN THE CASE OF –MOHIT MINERALS V/S UNION OF INDIA. ON 23.01.2020. HON. HIGH COURT DECLARED THAT NOTIFICATION NO.8/2017 INTEGRATED TAX ( RATE ) DT.28.06.17 & THE ENTRY NO.10 OF NOTIFICATION NO.10/2017 , INTEGRATED TAX ( RATE ) ARE BY ULTRA VIRES.
MR. NIRZAR DESAI THE LEARNED STANDING COUNSEL APPEARING FOR THE UNION OF INDIA ,MADE A REQUEST TO STAY THE OPERATION ,IMPLEMENTATION, & EXECUTION OF THE JUDGMENT.
HAVING TAKEN THE VIEW THAT THE IMPUGEND NOTIFICATION & THE ENTRY NO.10 THERE IN ARE ULTRA VIRES THE IGST ACT 2017. THE HON. GUJRAT HIGH COURT
DECLINE TO STAY THE OPERATION OF JUDGMENT,
HON.JUDGE- 1) J.R.PARDIWALA
2) A.G. RAO
DATE-: 23.01.2020
MY QUESTION IS RCM GST ON IMPORT OCEAN FREIGHT IS IS TO BE PAY OR NOT PAY
PLEASE GIVE EXACT ANSWER.
REGARDS
RAJKUMAR GUTTI