*Namaskaram*!
मनुष्य अपने विश्र्वास से निर्मित होता है, जैसा वो विश्र्वास करता है वैसा वह बन जाता है।
The lie you tell today will force you to lie again tomorrow.
“Profession *FIRST*” Updates:
# *GST*: Liquidated damages - classifiable within the Heading 9997 - rate of GST is @ 18% - payable when established as per the agreement – AAR, Maha. in Maharashtra State Power Gen.Co. Ltd. (2018 (5) TMI 1332).
# *GST*: Old newspapers when sold as such are newspapers - Covered by entry 54 (List 2)/ entry 92 (List 1) of the Constitution - Exempted from Tax - State of TN Vs. P.S. Sambandam Mudaliar & Co. (2018 (5) TMI 1283 - Madras HC).
# *NCLT* has issued a notice w.r.t summer vacation between 1st JUN to 1st JUL, 2018 and working hours of the Registry, Office and the vacation Court.
# *NCLT* has issued an order that there shall be Vacation Bench at NCLT, Chandigarh from 18.06.18 to 29.06.18, to attend the urgent matters.
# *IT*: No TDS liability on monthly maintenance charges paid to housing societies since it is merely reimbursement expenses by the members – ACIT Vs. Modi Rubber Ltd. (2018 (5) TMI 1377 - ITAT Delhi).
# *IT*: Capital contributed by the partner in the partnership firm does not tantamount to loan or deposit within the meaning of section 269SS - No penalty U/s 271D – ITO Vs. Dayamayee Marble & Granite (2018 (5) TMI 1313 - ITAT Kol).
Truly for the Profession…
CA Sunil Kumar
If your mind is not willing, everything will go.
There's so much great power of our mind that we take for granted,
and how we think is what positiveness can do.
--- --- Jennifer Holliday
CAclubindia
