{"id":2727,"date":"2016-09-27T13:27:51","date_gmt":"2016-09-27T07:57:51","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=2727"},"modified":"2021-12-10T11:42:58","modified_gmt":"2021-12-10T06:12:58","slug":"corporate-and-professional-update-sept-27-2016","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/corporate-and-professional-update-sept-27-2016\/","title":{"rendered":"CORPORATE AND PROFESSIONAL UPDATE SEPT 27, 2016"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69ea9d7fc3e1f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69ea9d7fc3e1f\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-sept-27-2016\/#Professional_Update_For_the_Day\" title=\"Professional Update For the Day:\">Professional Update For the Day:<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-sept-27-2016\/#Direct_Tax\" title=\"Direct Tax:-\">Direct Tax:-<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-sept-27-2016\/#INDIRECT_TAX\" title=\"INDIRECT TAX:\">INDIRECT TAX:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-sept-27-2016\/#MCA_UPDATE\" title=\"MCA UPDATE:\">MCA UPDATE:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-sept-27-2016\/#GST_UPDATE\" title=\"GST UPDATE: \">GST UPDATE: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-sept-27-2016\/#FAQ_as_Issued_by_CBEC\" title=\"FAQ as Issued by CBEC\">FAQ as Issued by CBEC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-sept-27-2016\/#FAQ_on_Company_Law\" title=\"FAQ on Company Law:\">FAQ on Company Law:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-sept-27-2016\/#MCA_UPDATE-2\" title=\"MCA UPDATE \">MCA UPDATE <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-sept-27-2016\/#OTHER_UPDATE\" title=\"OTHER UPDATE \">OTHER UPDATE <\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-sept-27-2016\/#Key_Dates\" title=\"Key Dates:\">Key Dates:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-sept-27-2016\/#E-Invoice_Mechanism_under_the_GST\" title=\"E-Invoice Mechanism under the GST\">E-Invoice Mechanism under the GST<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-sept-27-2016\/#BlockingUnblocking_the_E-Way_Bill_creation_system_if_fails_to_file_GSTR-3B_GSTN\" title=\"Blocking\/Unblocking the E-Way Bill creation system if fails to file GSTR-3B: GSTN\">Blocking\/Unblocking the E-Way Bill creation system if fails to file GSTR-3B: GSTN<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-sept-27-2016\/#Reasons_for_the_Movement_of_Goods_under_the_GST\" title=\"Reasons for the Movement of Goods under the GST\">Reasons for the Movement of Goods under the GST<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><img decoding=\"async\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/02\/6-768x468.png\" alt=\"6\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Professional_Update_For_the_Day\"><\/span>Professional Update For the Day:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Direct_Tax\"><\/span><strong><span style=\"text-decoration: underline;\">Direct Tax:-<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">IT:\u00a0Assessee has directly deposited cash in the supplier\u2019s account and has produced the bills, no evasion of tax by claiming the bogus expenditure in cash &#8211;\u00a0Arun Kumar Mondal Vs ITO, W-2(2), Burdwan (2016 (9) TMI 995 &#8211; ITAT Kolkata)<\/p>\n<p style=\"text-align: justify;\">SC modifies Karnataka HC order on the issue of taxability of amount received by assessee-company (engaged in real estate business) on account of share capital from various share-holders.<\/p>\n<p style=\"text-align: justify;\">ITAT has held that share capital received by the assessee was in the nature of \u00a0of capital receipt and cannot be treated as business income despite the same having been received towards allotment of flats\/ units.\u00a0[TS-513-SC-2016]<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/02\/Untitled8.png\" alt=\"Untitled8\" width=\"813\" height=\"501\" \/><\/p>\n<p style=\"text-align: justify;\">Rajasthan High Court in the below citied case held that once it has been held as deemed income of the assessee or an addition u\/s.68, has been made the character of the said amount\/addition will not remain as a loan or deposit and section 269-SS will not be applicable.<\/p>\n<p style=\"text-align: justify;\">Hence no penalty u\/s 271D shall be imposed. (Gyarsi Lal Vijay Vs. CIT &amp; Others)<\/p>\n<p style=\"text-align: justify;\">Madras High Court in the below citied case held that In between agricultural land and the nearest municipality, if there is a mountain, or lake or private lands or government properties, and in such other cases, where the public has no access to reach the municipality, the distance has to be measured only through the access road and not in a straight line or horizontal plane.(The CIT, Chennai Vs. Dr. R. Rangarajan)<\/p>\n<p style=\"text-align: justify;\">CBDT\u00a0has entered\u00a020 unilateral advance pricing agreements (APAs) with Indian taxpayers\u00a0on 29-30 Aug 2016 in order to reduce litigation by providing certainty in transfer pricing.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"INDIRECT_TAX\"><\/span><strong><span style=\"text-decoration: underline;\">INDIRECT TAX:<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">CBEC amended the Notification No. 25\/2012- Service Tax dated 20\/06\/2012 vide\u00a0Notification no. 39\/2016 dated on 02\/09\/2016.\u00a0In the said notification, in the first paragraph, in entry 62, for the words and figures \u201cduring the financial year 2015-16\u201d, the words, figures and letters \u201cduring the period prior to 1st April, 2016\u201d shall be substituted. (Click here to view)<\/p>\n<p style=\"text-align: justify;\">Where only service of Clinical Research is provided then such service would be not taxable under the Act in light of Rule 3 of the Place of Provision of Services (POP) Rules 2012 as the applicant renders said services to its customers and the place of provision is located outside India (M\/s Steps Therapeutics Limited, Hyderabad Versus Commissioner of Customs)-2016 (9) TMI 143 &#8211; AUTHORITY FOR ADVANCE RULINGS &#8211; Service\u00a0Tax<\/p>\n<p style=\"text-align: justify;\">All religious places shall be considered to fall within the purview of clause (a) of entry 5 of Notification No. 25\/2012- Service Tax, to be exempted from payment of service tax.\u00a0No. 40\/2016-Service Tax. \u00a0[F. No.3354\/45\/2016 -TRU]<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"MCA_UPDATE\"><\/span><strong><span style=\"text-decoration: underline;\">MCA UPDATE:<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">MCA: The Ministry of Corporate Affairs has amended the Investor Education and protection Fund Authority (Appointment of Chairperson and Members, holding of meeting and provision for offices and officers) Rules, 2016.<\/p>\n<p style=\"text-align: justify;\">These rules may be called\u00a0the Investor Education and protection Fund Authority (Appointment of Chairperson and Members, holding of meeting and provision for offices and officers) Amendment Rules, 2016.<\/p>\n<p style=\"text-align: justify;\">\u00a0They shall come into force on the date of their publication in the Official Gazette. In the said rule after rule 3, Rule 3A inserted.<\/p>\n<p style=\"text-align: justify;\">\u201c3A. The Authority shall be a body corporate by the name aforesaid having perpetual succession and a common seal with power to acquire, hold and dispose of property both movable and immovable, and to contract and shall, by the said name, sue or be sued.\u201d<\/p>\n<p style=\"text-align: justify;\">MCA:\u00a0IEPF Forms\u00a0are likely to be available on the IEPF portal w.e.f\u00a07th Sep 2016.<\/p>\n<p style=\"text-align: justify;\">MCA:\u00a0The Central Govt. designates\u00a0as Special Courts for\u00a0Chhattisgarh, Rajasthan, Punjab, Haryana, UT of Chandigarh, UT of Puducherry, Manipur and some Distrct of Tamilnadu for\u00a0the purposes of providing speedy trial of offences punishable with imprisonment of two years or more under the Companies Act, 2013 &#8211; F. No. 01\/12\/2009-CL-I (Vol-IV), dt.01.09.2016.<\/p>\n<p style=\"text-align: justify;\">MCA made Annual filing forms available for Companies Act, 1956 &#8211; Form 23AC, Form 23ACA, Form 23B, Form 20B, Form 21A, Form 66 on MCA21 Forms Download page.\u00a0Further,\u00a0IEPF Forms\u00a0are likely to be available on the IEPF portal with effect from 07.09.2016.<\/p>\n<p style=\"text-align: justify;\">Provisions of Companies Act, 2013 relating to IEPF (Investors Education and Protection Fund) to be effective from 07.09.2016.<\/p>\n<p style=\"text-align: justify;\">CLB if inclined to injunct appellants from using information derived from statutory records, would have to first deal with the submission that it would have no jurisdiction to prevent them from using information. [Jasmohan Singh vs. Freeze King Ind (P.) Ltd.\u00a0High Court Of Delhi].<\/p>\n<p style=\"text-align: justify;\">CBEC has made amendments in various notification u\/s 25(1) in Custom Act 1962\u00a0vide Notification No. 52\/2016 \u2013Custom-Tariff\u00a0 dated 23\/09\/2016.(Click here to view)<\/p>\n<p style=\"text-align: justify;\">Reg. <a href=\"https:\/\/carajput.com\/services-tax-registration.php\">Service Tax<\/a> exemption on advancement of Yoga\u00a0[Notification No. 42\/2016-Service Tax]<\/p>\n<p style=\"text-align: justify;\">In the below citied case petitioner had calculated and deposited tax 10.3% whereas the tax had to be calculated 12.36% as per department.Delhi high court held that here is no provision in the VCES which permits correction of errors of this nature by the Petitioner.<\/p>\n<p style=\"text-align: justify;\">It was not obligatory for the Respondent to inform the Petitioner what the correct rate of service tax was. It was for the Petitioner to have ascertained the correct rate of tax and calculated the service tax.(Techno Concept India Pvt. Ltd. Versus The Deputy Commissioner of Service Tax, Delhi)<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"GST_UPDATE\"><\/span><strong><span style=\"text-decoration: underline;\"><a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\">GST<\/a> UPDATE: <\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Under <a href=\"https:\/\/carajput.com\/gst\/gst-registration.php\">GST, registration<\/a> required in each state from where supplies to be made. File 3 Returns p.m. for each Registration &amp; 1 Annual Return. (Min 37 per regn)<\/p>\n<p style=\"text-align: justify;\">GST Department to nominate Chartered \/ Cost Accountant for Special Audit if in scrutiny etc it seems that value has not been correctly declared or excess credit is availed.<\/p>\n<p style=\"text-align: justify;\">Under GST, mandatory audit of books of account of all registered persons shall be carried on by Chartered\/ Cost Accountant, if the turnover\u00a0in Financial Year exceeds the specified limit.<\/p>\n<p style=\"text-align: justify;\">Under GST,all cesses to be subsumed in GST. Only 5% assessees would be audited in GST regime, against 70-80% by some states now<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"FAQ_as_Issued_by_CBEC\"><\/span><strong><span style=\"text-decoration: underline;\">FAQ as Issued by CBEC<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Q . How to compute \u2018aggregate turnover\u2019 to determine eligibility for composition scheme?<\/p>\n<p style=\"text-align: justify;\">Ans. The methodology to compute aggregate turnover is given in Section 2(6). Accordingly, \u2018aggregate turnover\u2019 means \u2018Value of all supplies (taxable and non-taxable supplies + Exempt supplies + Exports) and it excludesTaxes levied under CGST Act, SGST Act and IGST Act, Value of inward supplies + Value of supplies taxable under reverse charge of a person having the same PAN.<\/p>\n<p style=\"text-align: justify;\">Q . What are the penal consequences if a taxable person violates the condition and is not eligible for payment of tax under the Composition scheme?<\/p>\n<p style=\"text-align: justify;\">Ans. Taxable person who was not eligible for the composition scheme would be liable to pay tax, interest and in addition he shall also be liable to a penalty equivalent to the amount of tax payable. (Section 8 (3) of the MGL).<\/p>\n<p style=\"text-align: justify;\">Q . What is the minimum rate of tax prescribed for composition scheme?<\/p>\n<p style=\"text-align: justify;\">Ans. 1%<\/p>\n<p style=\"text-align: justify;\">Q . When exemption from whole of tax collected on goods and\/or services has been granted unconditionally, can taxable person pay tax?<\/p>\n<p style=\"text-align: justify;\">Ans. No, the taxable person providing such goods or services shall not collect the tax on such goods or services.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"FAQ_on_Company_Law\"><\/span><strong><span style=\"text-decoration: underline;\">FAQ on Company Law:<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Query:\u00a0In case of a right issue of shares by a private limited company for which board meeting we should file MGT 14 u\/s 179(3)(c). Is it for the Board Meeting where rights issues offer is made or the Board Meeting where rights issue shares are issued and allotted?<\/p>\n<p style=\"text-align: justify;\">Answer:\u00a0In case of Rights issue, you shall be required to file Form MGT-14 under section 179(3)\u00a0within 30 Daysof passing the Board Resolution in which Shares are issuedand allotted and put its SRN in Form PAS 3 accordingly.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"MCA_UPDATE-2\"><\/span><strong><span style=\"text-decoration: underline;\">MCA UPDATE <\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">MCA\u00a0has made an\u00a0amendment\u00a0to the Companies (Management and Administration)\u00a0Rules, 2014. These\u00a0rules\u00a0may be called\u00a0the Companies (Management and Administration) Amendment Rules, 2016\u00a0which shall come into force on the date of their publication in the Official Gazette.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"OTHER_UPDATE\"><\/span><strong><span style=\"text-decoration: underline;\">OTHER UPDATE <\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">DIPP has clarified that\u00a0Internet broadcasting companies\u00a0shall also come under the purview of statutory licensing under section 31D of the Copyright Act.<\/p>\n<p style=\"text-align: justify;\">ESIC raises wage threshold to Rs 21,000 w.e.f\u00a01st October, 2016.<\/p>\n<p style=\"text-align: justify;\">IDBI entitled to auction property if it had issued notice to borrower prior to attachment order passed by TRO Suresh Kumar Goyal v. Chief Commissioner of Income-tax-2 [2016] 73\u00a0taxmann.com\u00a010 (Delhi)<\/p>\n<p style=\"text-align: justify;\">COMPAT rejected time barred complaint of unfair trade practices Wing Commander S.K. Puri\u00a0v.\u00a0Swatantra Land &amp; Finance (P.) Ltd. [2016] 72\u00a0taxmann.com\u00a0336 (CAT &#8211; New Delhi)<\/p>\n<p style=\"text-align: justify;\">Appellant couldn&#8217;t be held guilty of unauthorized dealing in Forex in absence of any evidence Prakash Bafna\u00a0v.\u00a0Special Director , Directorate of Enforcement [2016] 72\u00a0taxmann.com\u00a0354 (ATFFE &#8211; New Delhi)<\/p>\n<p style=\"text-align: justify;\">DGFT has amended the Clause 3(1)(i)(h) of Foreign Trade to allow individuals to import CIF value of consumer electronic items at any one time for personal use upto Rs. 50,000\/-.<\/p>\n<p style=\"text-align: justify;\">Last date for MEF 2016-17 is\u00a010.09.16. Members are requested to apply at\u00a0www.meficai.org.<\/p>\n<h4 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Key_Dates\"><\/span><strong><span style=\"text-decoration: underline;\">Key Dates:<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul style=\"text-align: justify;\">\n<li>Advance information in BE_2\u00a0 Formf or 1st fortnight of Oct of functions with booking cost more than rs 1 lakh in Banquet Halls, hotels etc. in Delhi for DVAT-27\/09\/2016<\/li>\n<li>Return by banks in Form no. 26QAA for interest upto Rs. 5000 for September quarter.-30\/09\/2016<\/li>\n<li>E-filling of reconciliation return of statutory forms for the year ending 2015-16-30\/09\/2016<\/li>\n<li>Payment of TDS for the purchase of property for the month of August-30\/09\/2016<\/li>\n<li>Due date for income declaration scheme\u00a0 2016 is\u00a030th September, no extension expected.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>&#8220;In order to carry a positive action we must develop here a positive vision<\/strong><strong>.\u201d<\/strong><\/p>\n<p style=\"text-align: justify;\">We look forward for your valuable comments.\u00a0<a href=\"https:\/\/l.facebook.com\/l.php?u=http%3A%2F%2Fwww.carajput.com%2F&amp;h=gAQHsWv16AQFzlc4f70dAECucTda_B9jilKfCgneeqqu7PA&amp;enc=AZPUk1qSy7_DGmookvElFjnUXYX3K0FPXVQ6LxfUnjgljqDX0P6jFZnpNH5t7Yt6TpvPD_TBP30DWaadPDKvaBy4FKUuIg27nk64qxy4GjjzfG96BrSAO9DKSM7QZ-zRr0H_1seDnwx81zv7LENE7mngqEq05doeSutrNoPIQRvjIbEFb_PEZA8D1pUlJzy7MCsIwWN_xt9o3UmaFFdtL9S1&amp;s=1\">www.carajput.co<\/a><\/p>\n<p style=\"text-align: justify;\">FOR FURTHER QUERIES CONTACT US:<\/p>\n<p style=\"text-align: justify;\">W:\u00a0<a href=\"https:\/\/l.facebook.com\/l.php?u=http%3A%2F%2Fwww.carajput.com%2F&amp;h=SAQGflxq6AQEemiXU5m1Sleu5gX786YxP36euwMDL4osVrw&amp;enc=AZNOhiS8emvOi54UCNVnOtgbK0wGSKeEDPbJpQZAlf7cr5YxodSOowKyOSqQSaPOGvHdnvM7BqIC59kJjZSk01ga1fRZiYW43kCBMakJLj2AABFBk9rS2CYBcAfrJuc94lg0aPhuGpayaxGpsPeGoOhC-uzXppp1p3gEF_2Ypq758ZRU2ATuk77eX5g1paVf-MLMxpH-3DA9l9FUmq44lBe_&amp;s=1\">www.carajput.com<\/a>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 E: <a href=\"mailto:singh@carajput.com\">singh@carajput.com<\/a>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0T: 011-233-4-3333, 9-555-555-480<\/p>\n<p><strong>Read our articles:<\/strong><\/p>\n<ul>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"E-Invoice_Mechanism_under_the_GST\"><\/span><a href=\"https:\/\/carajput.com\/blog\/e-invoice-mechanism-under-the-gst\/\"><strong>E-Invoice Mechanism under the GST<\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"BlockingUnblocking_the_E-Way_Bill_creation_system_if_fails_to_file_GSTR-3B_GSTN\"><\/span><strong><a href=\"https:\/\/carajput.com\/blog\/blocking-the-e-way-bill-creation-system-if-fails-to-file-gstr-3b-gstn\/\">Blocking\/Unblocking the E-Way Bill creation system if fails to file GSTR-3B: GSTN<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Reasons_for_the_Movement_of_Goods_under_the_GST\"><\/span><strong><a href=\"https:\/\/carajput.com\/blog\/reasons-for-the-movement-of-goods-under-the-gst\/\">Reasons for the Movement of Goods under the GST<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<h4 style=\"text-align: justify;\"><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Professional Update For the Day: Direct Tax:- IT:\u00a0Assessee has directly deposited cash in the supplier\u2019s account and has produced the bills, no evasion of tax by claiming the bogus expenditure in cash &#8211;\u00a0Arun Kumar Mondal Vs ITO, W-2(2), Burdwan (2016 (9) TMI 995 &#8211; ITAT Kolkata) SC modifies Karnataka HC order on the issue of &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[150,9,15],"tags":[4880,4877,4882,4881,4879,4878],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/2727"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=2727"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/2727\/revisions"}],"predecessor-version":[{"id":19668,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/2727\/revisions\/19668"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=2727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=2727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=2727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}