Updates by CA Atul Modani
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Tax And Legal Updates by CA Atul Modani
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*The 21st GST Council Meetings is being conducted at Hyderabad, wherein the demands of States for review of GST rates on certain items, technical glitches being faced by the Taxpayers while filing the GST returns at GSTN, etc. are being considered. Also, Govt. has appointed Mr Ajay Bhushan Pandey (CEO/ UIDAI) as the Interim Chairman of the GSTN.*
IT : Statement declaring undisclosed income by assessee being recorded after date of search, could be of no evidentiary value in terms of section 132(4)

IT : Undisclosed income for block period has to be computed on basis of material found in course of search and declaration made by assessee under VDIS being not material discovered during course of search, same cannot form basis of assessment

[2017] 84 taxmann.com 275 (Bombay)

HIGH COURT OF BOMBAY

Commissioner of Income-tax-II, Nagpur

v.

Shankarlal Bhagwatiprasad Jalan
GST opens a Pandora’s box for exporters - http://www.livemint.com/Money/KrifMLRnYcj7RRm8M03YnN/GST-opens-a-Pandoras-box-for-exporters.html

Despite the new tax regime being in place for over two months now, there is limited clarity on the refund mechanism. This is making the situation worse.
Dear Friends,

In case of newly registered GST dealers, many complaints were received that these *dealers were not receiving mail containing First Time login and Password*.

So, these dealers were not able to make payment or file GSTR-3B or GSTR-1.

GSTN has resolved this issue by providing a link to "Resend this Welcome mail".

The steps to use this link are -

1. Go to Services - Registration - New Registration - Login with TRN.

2. This will prompt a message "Please click here to resend the Email and SMS".

3. On Click of link, email with GSTIN and password will be retriggered on the Registered email id.
✅
https://goo.gl/gATTsh
*CBEC has released a booklet to explain the provisions under GST which are applicable to Goods Transport Agency (GTA), particularly about definition of GTA, applicable rate of GST, eligibility for ITC, persons liable for payment of tax, levy of GST on GTA Services, liability under reverse charge, exempt GTA services, etc.*
https://goo.gl/DVs6PP
*CBEC has released a booklet to explain the provisions under GST which are applicable to 'Non Resident Taxable Person', particularly about meaning/ definition of 'Non Resident Taxable Person', registration requirements in India, liability for estimation and advance deposit of tax, input tax credit, filing of return in GSTR-5, Refunds, etc.*