Welcome To NJ & Associates

We are a firm of Auditors and Accountants, providing Auditing, Accounting and Tax Preparation Services to more than 60 clients in Bangalore, Hyderabad and Chennai. After getting good response and on demand of our clients we are expanding in Bangalore in all the industrial areas with dedicated branches in every industrial area. This will help us to serve you the best.

Blog News

We have Redesigned website 10/11/02012

Updates

30 Nov 21
GST Law Requires Needful Amendments But Hard to Implement
Taxpayers can now withdraw GST Registration before action is initiated: CBIC
Taxpayers can now withdraw GST Registration before action is initiated: CBIC
Royalty from Operator Agreement not chargeable to Income Tax under Indo-US Tax Treaty: ITAT
29 Nov 21
ICAI Triennial Elections 2021: Know the Voting Process
ICAI finds 17 Chartered Accountants Guilty of Professional Misconduct
Delhi HC quashes plea questioning Authority of NCLAT cancelling Company’s License for deliberately concealing crucial facts
No Income Tax Evasion done by Assessee as it is for parties to Settle the Sale consideration for Transfer of respective Shares in Property: Delhi HC
28 Nov 21
Calcutta High Court deletes disallowance on account of Slump Sale of Chemical Undertaking
Simple to Understand ROC Compliance with e-Filing Forms
27 Nov 21
ITC not allowed to be claimed if Concessional Rate of 5% GST is opted: AAR
18% GST on Design, Supply, Installing, Testing & Commissioning of Train Collision Avoidance System in Locomotives: AAR
No GST on Printing of Pre-examination material for Educational Boards Or Universities: AAR
GST payable on Telecom Services provided by Airtel to Greater Hyderabad Municipal Corporation: AAR
26 Nov 21
Amount collected as Membership Subscription, Admission Fees from Members by Rotary Club to meet Expenses to be considered as Supply of Services under GST: AAR
CBIC extends Validity of NOC issued for Alcoholic Beverages Bottled in Origin & in Bulk
Claim of Budgetary Support under GST can’t be rejected as it was made for period prior to Registration: Sikkim High Court grants relief to Glenmark
Punjab & Haryana HC directs GST Dept. to grant appropriate time to Subway before forcing it to pay differential GST on IPR
Is India Prepared for Single GST Rate after 5 years of GST Implementation?
State bound to Recover differential VAT from dealers: Kerala High Court upholds Validity of Demand Notices
25 Nov 21
Mere deduction of TDS doesn’t close Chapter of Tax Liability unless deposited in Govt treasury: Gujarat HC allows Income Tax Refund to Pilot of Kingfisher Airlines
ICAI submits Pre-Budget Memorandum, 2022
CBIC issues Instructions on Import of Wireless Equipment by Telecom Service Providers on basis of self-declaration
Cryptocurrency Bill in Parliament: Govt to Ban Private Cryptocurrencies in India, Create Official Digital Currency
Benefit of ITC can’t be frustrated on Ground of Technicalities: Madras HC directs GST Authority to allow Filing of revised Form TRAN-1 by opening GST Portal
23 Nov 21
Check the Benefits of Tax Deductions & Exemptions
Solved! Confusion Between Old or New Tax Regimes for ITR
18% GST Exigible on Services Provided by Airbus Group as it qualifies as Intermediary Services, affirms AAAR
CBIC Circulates GST SCNs and Adjudication Process Guidelines
Mahindra Renewables eligible to be compensated for increase in Capital Cost due to Introduction of GST: CERC
22 Nov 21
CBIC issues Instructions on Issuance of SCNs and Adjudication Process in pre-GST regime
7% More GST Rate on Apparel, Fabrics & Footwear from Jan 2022
Telangana AAR: GST Levy Only Works Contract in Land Agreement
21 Nov 21
Policymakers Back Review of GST Slabs
GoM Meeting May Soon to Finalise GST Recommendations on Rates & Exemptions
Common Parlance Test’, ‘Marketability Test’; ‘Popular Meaning Test’ are tools for Interpretation to arrive at decision on Proper classification of Tariff Entry: Karnataka High Court directs recomputation of Sales Tax
Revision of Returns under GST: Two sides of the Coin
19 Nov 21
Tamil Nadu Govt. issues instructions regarding Levy of Penalty for Minor defects in E-Way Bill not intended for GST Evasion
CESTAT grants of IGST Refunds paid on Imported Goods demanded when there is no intention to take Release of Goods
Certification or Declaration under GST Rules not required to be furnished along with Application for Refund of Excess Balance in Electronic Cash Ledger: CBIC
Registered Person under GST need not mandatorily utilise DS or TCS amount credited to electronic cash ledger only for discharging GST liability, clarifies CBIC
18 Nov 21
Relief to Celestial Aviation Trading: Delhi HC allows Nil Rate of withholding Tax under India-Ireland DTAA on Aircraft leased to AIL
17 Nov 21
Tamil Nadu Govt. issues instructions regarding Levy of Penalty for Minor defects in E-Way Bill not intended for GST Evasion
CESTAT grants of IGST Refunds paid on Imported Goods demanded when there is no intention to take Release of Goods
CA Election 2021: ICAI notifies Appointment of Authorized Representatives at Polling Booths
Relief to Swiggy: Karnataka High Court allows GST Refund as payment made to GST Dept as goodwill gesture during Investigation can’t be taken as Self-Ascertained Tax
After Effects If Late Payment Done to Vendor Under MSME Act
IFSCA Advises New Amendments in GST & SEZ Act on Ship Leasing
16 Nov 21
Cancellation of GST Registration of Businesses on Hyper Technical grounds Adversely impacts employment and Revenue: Calcutta High Court
Punjab & Haryana High Court grants Bail to person accused of submitting Fake Documents on GST Online platform for Falsely utilizing ITC
GST Evasion: CGST Officials unearth Input Tax Credit fraud of around Rs 34 cr involving 7 Firms
Karnataka High Court allows Adjustment of Excess Amount paid as Pre-deposit under SLVDR Scheme

30 Nov 21

GST Law Requires Needful Amendments But Hard to Implement

Taxpayers can now withdraw GST Registration before action is initiated: CBIC

Royalty from Operator Agreement not chargeable to Income Tax under Indo-US Tax Treaty: ITAT

29 Nov 21

ICAI Triennial Elections 2021: Know the Voting Process

ICAI finds 17 Chartered Accountants Guilty of Professional Misconduct

Delhi HC quashes plea questioning Authority of NCLAT cancelling Company’s License for deliberately concealing crucial facts

No Income Tax Evasion done by Assessee as it is for parties to Settle the Sale consideration for Transfer of respective Shares in Property: Delhi HC

28 Nov 21

Calcutta High Court deletes disallowance on account of Slump Sale of Chemical Undertaking

Simple to Understand ROC Compliance with e-Filing Forms

27 Nov 21

ITC not allowed to be claimed if Concessional Rate of 5% GST is opted: AAR

18% GST on Design, Supply, Installing, Testing & Commissioning of Train Collision Avoidance System in Locomotives: AAR

No GST on Printing of Pre-examination material for Educational Boards Or Universities: AAR

GST payable on Telecom Services provided by Airtel to Greater Hyderabad Municipal Corporation: AAR

26 Nov 21

Amount collected as Membership Subscription, Admission Fees from Members by Rotary Club to meet Expenses to be considered as Supply of Services under GST: AAR

CBIC extends Validity of NOC issued for Alcoholic Beverages Bottled in Origin & in Bulk

Claim of Budgetary Support under GST can’t be rejected as it was made for period prior to Registration: Sikkim High Court grants relief to Glenmark

Punjab & Haryana HC directs GST Dept. to grant appropriate time to Subway before forcing it to pay differential GST on IPR

Is India Prepared for Single GST Rate after 5 years of GST Implementation?

State bound to Recover differential VAT from dealers: Kerala High Court upholds Validity of Demand Notices

25 Nov 21

Mere deduction of TDS doesn’t close Chapter of Tax Liability unless deposited in Govt treasury: Gujarat HC allows Income Tax Refund to Pilot of Kingfisher Airlines

ICAI submits Pre-Budget Memorandum, 2022

CBIC issues Instructions on Import of Wireless Equipment by Telecom Service Providers on basis of self-declaration

Cryptocurrency Bill in Parliament: Govt to Ban Private Cryptocurrencies in India, Create Official Digital Currency

Benefit of ITC can’t be frustrated on Ground of Technicalities: Madras HC directs GST Authority to allow Filing of revised Form TRAN-1 by opening GST Portal

23 Nov 21

Check the Benefits of Tax Deductions & Exemptions

Solved! Confusion Between Old or New Tax Regimes for ITR

18% GST Exigible on Services Provided by Airbus Group as it qualifies as Intermediary Services, affirms AAAR

CBIC Circulates GST SCNs and Adjudication Process Guidelines

Mahindra Renewables eligible to be compensated for increase in Capital Cost due to Introduction of GST: CERC

22 Nov 21

CBIC issues Instructions on Issuance of SCNs and Adjudication Process in pre-GST regime

7% More GST Rate on Apparel, Fabrics & Footwear from Jan 2022

Telangana AAR: GST Levy Only Works Contract in Land Agreement

21 Nov 21

Policymakers Back Review of GST Slabs

GoM Meeting May Soon to Finalise GST Recommendations on Rates & Exemptions

Common Parlance Test’, ‘Marketability Test’; ‘Popular Meaning Test’ are tools for Interpretation to arrive at decision on Proper classification of Tariff Entry: Karnataka High Court directs recomputation of Sales Tax

Revision of Returns under GST: Two sides of the Coin

19 Nov 21

Tamil Nadu Govt. issues instructions regarding Levy of Penalty for Minor defects in E-Way Bill not intended for GST Evasion

CESTAT grants of IGST Refunds paid on Imported Goods demanded when there is no intention to take Release of Goods

Certification or Declaration under GST Rules not required to be furnished along with Application for Refund of Excess Balance in Electronic Cash Ledger: CBIC

Registered Person under GST need not mandatorily utilise DS or TCS amount credited to electronic cash ledger only for discharging GST liability, clarifies CBIC

18 Nov 21

Relief to Celestial Aviation Trading: Delhi HC allows Nil Rate of withholding Tax under India-Ireland DTAA on Aircraft leased to AIL

17 Nov 21

Tamil Nadu Govt. issues instructions regarding Levy of Penalty for Minor defects in E-Way Bill not intended for GST Evasion

CESTAT grants of IGST Refunds paid on Imported Goods demanded when there is no intention to take Release of Goods

CA Election 2021: ICAI notifies Appointment of Authorized Representatives at Polling Booths

Relief to Swiggy: Karnataka High Court allows GST Refund as payment made to GST Dept as goodwill gesture during Investigation can’t be taken as Self-Ascertained Tax

After Effects If Late Payment Done to Vendor Under MSME Act

IFSCA Advises New Amendments in GST & SEZ Act on Ship Leasing

16 Nov 21

Cancellation of GST Registration of Businesses on Hyper Technical grounds Adversely impacts employment and Revenue: Calcutta High Court

Punjab & Haryana High Court grants Bail to person accused of submitting Fake Documents on GST Online platform for Falsely utilizing ITC

GST Evasion: CGST Officials unearth Input Tax Credit fraud of around Rs 34 cr involving 7 Firms

Karnataka High Court allows Adjustment of Excess Amount paid as Pre-deposit under SLVDR Scheme

Due Date Reminder

Jan	Feb	Mar	Apr	May	June
July	Aug	Sep	Oct	Nov	Dec
All

31 Dec 21 GST Annual Return for 20-21. Mandatory if Turnover > 2 cr.

31 Dec 21 Self certified GST Audit Report for 20-21. Mandatory if Turnover > 5 cr.

31 Dec 21 Efiling of Annual Statement of Equalisation Levy for 2020-21. (Google Tax/Tax on Digital Ads by service recipient on payments above 1 lac to a foreign service provider)

31 Dec 21 Application for exercise of option of New Scheme of income tax in ITR

31 Dec 21 Filing ITR for AY 2021-22 for non-audit cases. (extended due date)

31 Dec 21 Statement of foreign remittances by authorized dealers for Sep quarter.

31 Dec 21 Uploading declarations received in Form. 15G/15H during quarter ending June.

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Reach Us

Address :
#102, 2nd floor, 3rd block, 1st stage, opp to BSNL Office, HBR Layout, Bangalore - 560043

Mobile :
+91-9035562888/999

Phone :
080 65707536 / 65656502 / 65656534

Email Id.
info@indiantaxlaws.com