सुखार्थिनः कुतो विद्या

by Pushkar Mer

सुखार्थिनः कुतो विद्या विद्यार्थिनः कुतः सुखम् ।

सुखार्थी वा त्यजेत्विद्यां विद्यार्थी वा त्यजेत् सुखम् ।

सुख चाहने वाले से विद्या दूर रहती है और विद्या चाहने वाले से सुख। इसलिए जिसे सुख चाहिए, वह विद्या को छोड़ दे और जिसे विद्या चाहिए, वह सुख को।

आजकल अधिकतर बच्चे मोबाइल में रील देखने में व्यस्त रहते हैं । ये रील देखने से रियल लाइफ़ का तबाह हो जाना निश्चित है । ये क्षणिक सुख , ये पल दो पल का मज़ा पूरी ज़िंदगी को बुरी तरह प्रभावित करेगा । ( खता लम्हों में होती है, सजा सदियों को मिलती है ) । बच्चों को रील से सख़्त परहेज़ करना चाहिए, रील व्रत बच्चों को संयमी और अनुशासित बनाएगा और निश्चित रूप से जीवन के लिए उपजाऊ भूमि तैयार करेगा जिससे बच्चा अपनी क्षमतानुसार उन्नति के पथ पर अग्रसर होगा । रील खरपतवार है इसे उगने का मौक़ा दिया तो ये आपकी सारी संभावनाओं को लील जाएगी ।

मत देखो रील

by Pushkar Mer

आज कंपीटिशन ने राह में गाढ़ दी कील

होनहार मेहनत कर रहे, गधे देख रहे रील

वक़्त ज़ाया किया सजा हो जाएगी तामील

ना गवाह काम आए ना बचा पाएगा वकील

और धरी रह जाएगी सारी की सारी दलील

वक़्त की आँधी सपनों को जाएगी लील

वक़्त बहुत क़ीमती है इसे मत करो जलील

वक़्त रहते तौबा कर लो, मत देखो तुम रील

Limitation period for filing appeal

by Pushkar Mer

Honorable Delhi High Court held that according to Section Section 12(2) of the Limitation Act,1963, for the purpose of calculation of limitation period for filing appeal under GST law, the date on which the judgment has been pronounced should be excluded.

 (Pramod Kumar Tomar (Prop. M/s. Paramount Steel) Vs Assistant Commissioner)

Madras High Court Stays INR 80 Crore GST Demand on Hyundai Seconded Employees Salary

by Pushkar Mer

Interim stay has been granted by honourable Madras High Court to Hyundai Motor India Limited against the demand raised in the impugned Order, in relation to salaries paid to seconded employees. The GST authorities said that in the secondment arrangement, the company is deemed as the recipient of the service, and the services provided by the expatriate will be considered as a “supply of manpower” under GST laws.
In May, 2022 Honourable Supreme court in a historic judgement imposed service tax liability on Northern Operating Services Pvt Ltd on salary of seconded employees .The GST authorities started issuing orders to other companies demanding GST on seconded employees. However, GST liability will be decided case to case basis and all facts will be considered.

*Disallowances of expenses due to non-payment to MSMEs [Section 43B(h)]

by Pushkar Mer

Section 43B(h) is introduced by the Finance Act, 2023 and applicable from FY 2023-2024. The Government wants to ensure timely payments to Micro & Small Enterprises. As per MSMED Act, 2006, the definition of MSME enterprises is as under:

*Particulars*                                    *Micro*     *Small*   *Medium*

Turnover                                         <=5 crore <=50 crore <=250 crore

Investment in Plant & Machinery <=1 crore <=10 crore <=50 crore

As per MSMED Act, 2006, *the time limit for making payments* is as under:

(a) Where written agreement does not exist – within 15 days from the date of acceptance

(b) Where written agreement exist – Agreed date or within 45 days from the date of acceptance, whichever is earlier

Section 43B(h) says that if payment is not made to MSME enterprises within the specified time limit, then the expenses will not be allowed as deduction under Income Tax Act and shall be added back to the total income. 

Thus, if the payment is made in subsequent year or payment is made before the due date of income tax return or filing of income tax return in the subsequent year, then the same shall not be allowed as expense in the previous financial year, however the same shall be allowed as expense in the financial year in which the payment has been made.

*Key points of Section 43B(h):*

(a) This Clause is not applicable to Medium category enterprises. It is applicable only on Micro and Small category enterprises.

(b) This Clause is not applicable on Capital expenditure (CAPEX) items, it is applicable on goods & services.

(c) This Clause is not applicable on Traders, it is applicable on manufacturing & services sector

(d) This Clause is not applicable on buyers who are filing their income tax return u/s 44AD/44ADA/44AE of the Income Tax Act;

(e) This Clause is not applicable on those vendors who are not registered under MSMED Act, 2006

(f) This Clause is not applicable on those payables for invoices dated on or before 31/03/2023

ए आई के चमत्कार

by Pushkar Mer

पिछले कुछ समय में कम्प्यूटर साइंस ने ज़बरदस्त तरक़्क़ी की है । ख़ासकर आर्टिफ़िशल इंटेलिजेन्स में नए नए कीर्तिमान गढ़े हैं । कुछ समय पहले एक अच्छी पावरपोईंट प्रेज़ेंटेशन बनाने में घंटों लगते थे जबकि ए आई ने इसे कुछ मिनटों का काम बना दिया है । कुछ समय पहले कुछ भी सवाल होता था तो हम सर्च इंजिन गूगल या बिंग की मदद लेते थे जो अब बीते दिनों की बात हो गई है । अब शेयर जी पी टी जैसे कई ए आई टूल आ गए हैं जिनके पास आपके हर सवाल का सटीक उत्तर हैं । ए आई की दुनिया से ताल से ताल मिलाते हुए अब गूगल ने ए आई टूल गूगल बार्ड लॉंच कर दिया है । माइक्रसॉफ़्ट ने कोपाईलेट लॉंच कर दिया है । क्विलबॉट डॉट काम आपको मैल राइटिंग में मददगार है । ए आई ने लगभग हर क्षेत्र में अपनी उपस्थिति दर्ज कराई है और जिस रफ़्तार से ए आई तरक़्क़ी कर रहा है वो वाकई क़ाबिले तारीफ़ है ।

Allahabad High Court Judgement on GST Refund

by Pushkar Mer

‘Arbitrary withholding of refund claims for specific periods, despite precedents, is contrary to principles of fairness and equity’: Allahabad High Court grants relief to Samsung India Electronics Pvt Ltd. When the department has allowed refund for a specific period basis a particular set of facts, then in absence of any change in the circumstances and the facts, it is not justified on part of department to deny subsequent refund claims.

Cancellation of Registration

by Pushkar Mer

By setting aside the cancellation and revocation orders, the Court has restored the GST registration of Rane Brake Lining Limited, providing relief to the petitioner. This decision of honourable Delhi High court is a explicit message about importance of procedural compliance in the GST regime.

Amendments in Tax Audit Report and Form 3CEB for Transfer Pricing

by Pushkar Mer

In Form-3CD:

• In clause 8a – Section 115BAE is inserted for optional tax regime.

• In clause 12 – Section 44ADA is inserted for presumptive taxation.

• In clause 18(ca) – Adjustment to the WDV for depreciation is made under the different proviso to section 115BAA, Section 115BAC/115BAD, Section 115BAC with corresponding changes in clause 32 for details of brought forward loss or depreciation allowance.

• In clause 19 – Section 35ABA is inserted for admissible amounts.

• In clause 21 – Disclosure is now required for expenditure for any purpose which is an offence or prohibited by law or expenditure incurred to compound an offence etc.

• In clause 21 – Disclosure is required to be made for payment where tax deducted but not paid by Section 139(1) due date

• In clause 26 – Reporting in respect of compliance u/s 43B(h) relating to amount payable to MSME.

In Form-3CEB

Details of Specified Domestic Transaction (‘SDT’) need to be provided regarding transactions between person referred in Section 115BAE(4) resulting in more than ordinary profits. Now, the name of person with whom SDT has been done, transaction details, amount received/receivable or paid/payable and the method used to determine ALP need to be provided.