"02 August 2019" Archive - Page 3

AAR cannot determine Place of Supply: AAAR Maharashtra

In re Commissioner, CGST (Respondent -NES Global Specialist Engineering Services Pvt. Ltd.)  (GST AAAR Maharashtra)

In re Commissioner, CGST (Respondent –NES Global Specialist Engineering Services Pvt. Ltd.)  (GST AAAR Maharashtra) We observe that Respondent had filed application before the Advance Ruling Authority asking for ruling as to whether the services being provided by them to their overseas client i.e. M/s NES Abu Dhabi in terms of the ...

Read More

Fit and Proper’ Criteria for Elected Directors on Boards of PSBs

Reserve Bank of India RBI/DBR/2019-20/71 Master Direction DBR.Appt.No: 9/29.67.001/2019-20 August 2, 2019 Master Direction – Reserve Bank of India (‘Fit and Proper’ Criteria for Elected Directors on the Boards of PSBs) Directions, 2019 In exercise of the powers conferred by sub-section (2) of Section 19A of the State Bank of Ind...

Read More

Laminated Textiles Products classifiable under HSS Code 5911

In re Emmbi Industries Ltd. (GST AAR AAR Daman/Diu/DNH)

Technical laminated Fabrics woven out of strips below 5 mm fit fort use as Pond liner are Laminated Textiles Products and are covered under HSS Code 5911....

Read More

CBDT notifies Bangalore Water Supply and Sewerage Board for exemption U/s. 10(46)

Notification No. 56/2019-Income Tax [S.O. 2782(E)] 02/08/2019

CBDT notifies Bangalore Water Supply and Sewerage Board for exemption U/s. 10(46) of Income Tax Act, 1961 vide Notification No. 56/2019 dated 2nd August, 2019. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 56/2019 New Delhi, the 2nd August, 2019 S.O. 2782(E).—In exercise of the powers confe...

Read More

TDS under Section 194LB, 194LBA, 194LBB and 194LBC

Article covers TDS provisions under Section  under Section 194LB – Income by way of interest from Infrastructure Debt Fund,Section 194LBA – Certain Income from units of business trust, Section 194LBB – Income in respect of units of the investment fund and Section 194LBC – Income in respect of investment in securitization trust. S...

Read More

Mere Reflection of ITC in electronic credit ledger not amounts to availment or utilization of ITC: HC

Reflection of input tax credit in electronic credit ledger does not amount to availment or utilization of credit- Patna HC Issue under consideration As per section 73 of CGST Act, 2017 if it is found that an assessee has wrongly availed or utilized input tax credit then the proper officer shall issue a show cause […]...

Read More

GST Commissionerate detects fraudulent ITC of about Rs 25 crores

The accused and their associates were found to be operating 19 fake firms created to facilitate fraudulent Input Tax Credit (ITC), thus defrauding the Exchequer. Prima facie fraudulent ITC of about Rs 25 crores has been detected to have been passed on using invoices involving an amount of Rs 137 crores....

Read More

Income tax return through ‘e-filing Lite’- Faster/Lighter

Hello friends, greetings for the day in the current article we will discuss about the newly launched ‘e-filing lite’ for the sole purpose of hassle free return filing as quickly as possible Introduction As we know the last date for return filing of certain section of taxpayers has been extended from 31st July to 31st […...

Read More

SEBI automates generation of SCORES user id and password

SEBI/HO/OIAE/IGRD/CIR/P/2019/86 02/08/2019

Generation of SCORES user id and password has been automated for all new SEBI registered intermediaries. This has been done to streamline the process of providing SCORES credentials in the interest of investors....

Read More

CSR – Companies Amendment Act, 2019

Companies Amendment Act, 2019– Section 135: Corporate Social Responsibility (CSR) – In-depth Analysis Section 135 has been amended with respect to spending of CSR amount by companies, transfer of unspent amount, penal provisions and power to CG to issue directions. Amendment: Clause (a) in sub-section (5), — (i) after the w...

Read More

Search Posts by Date

September 2021
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930