"10 August 2019" Archive

Exclusive Important Tip For GSTR 9C

During filling & filing of GSTR 9C it was found that there is an error file generated by GSTN when Digitally Signed GSTR 9C is up-loaded and error is reflecting at PT III (9) at row Q & P - by saying The amount paid by you mentioned at Q is not matching with amount reported by you in GSTR 9. Similar error reflected at R also....

Read More

Here is the handy and easy tool to handle difficult GST…

What is needed by a GST certifier in the pressing times of completing GSTR-9C? What are the essentials of a GST practitioner to advise a client? What does a GST taxpayer need to know to effectively comply with the law? What does a GST administrator need to implement the law? May be common answers to above questions could be as [&hell...

Read More

One-time partial credit guarantee to PSBs to purchase pooled assets of financially sound NBFCs

F. No.1/17/2019-BOA-II (10/08/2019)

Partial Credit Guarantee offered by Government of India (Go ) co Public Sector Banks (PSBs) for purchasing high-rated pooled assets from financially sound  Non-Banking  Financial  Companies (NBFCs)/ Housing Finance Companies (HFCs)...

Read More

Online Workshop for GST Audit and Annual Return

After much success of One day workshop conducted by us across India, we are happy to announce Online GST workshop for effective GST Audit and Annual Return. The workshop would cover clause wise clause detailed Analysis for Form GSTR 9, GSTR 9C along with GST Audit tool for GST Health Check-up. Online Workshop Coverage Legal […]...

Read More

Arrest of MakeMyTrip officials was illegal and unconstitutional: HC

Makemytrip (India) Pvt Ltd Vs Union of India & Ors. (Delhi High Court)

Makemytrip (India) Pvt Ltd. Vs Union of India & Ors. (Delhi High Court) (i) The scheme of the provisions of the Finance Act 1994 (FA), do not permit the DGCEI or for that matter the Service Tax Department (ST Department) to by-pass the procedure as set out in Section 73A (3) and (4) of the […]...

Read More

Analysis of Insolvency Bankruptcy Code (Amendment) Act, 2019

The Ministry of Corporate Affairs had notified Insolvency and Bankruptcy Code (Amendment) Act, 2019 dated 06.08.2019. Apart from, bare link, the amendment has been abridged in a concise manner as a ready reference while going through the operational day to day activities. The amendments are read as follows: 1) Amendment in Section 5: Exp...

Read More

Anti-dumping duty on imports of Homopolymer of vinyl chloride monomer (suspension grade)

Notification No. 32/2019-Customs (ADD) (10/08/2019)

Seeks to impose anti-dumping duty on imports of ‘Homopolymer of vinyl chloride monomer (suspension grade)’ originating in or exported from China PR and USA for 30 months with effect from 13th August, 2019, in pursuance of SSR investigation by DGTR vide  Notification No. 32/2019-Customs (ADD) Dated 10th August, 2019. MINISTRY ...

Read More

CBDT further increases Monetary Limits for filing of appeal

Analysis of Circular No. 17/2019 dated 08/08/2019 1. As a measure for reduction in the tax litigations, CBDT has further increased Monetary Limits for filing appeals by the Income Tax Department. The revised monetary limits are as under: Sr. No. Appeals/SLPs in lncome tax matters Earlier Limits Revised Limits vide this circular 1 Before A...

Read More

TMA scheme – An initiative to boost agriculture / food exports

Transport and Marketing Assistance (TMA) scheme for specified agriculture products aims to provide assistance for the international component of freight and marketing of agricultural produce. #Eligible persons All Exporters, duly registered with relevant Export Promotion Councils as per Foreign Trade Policy, of eligible agriculture produc...

Read More

Maturity of Life Insurance Policy – Whether Taxable or Not?

Any amount received from any life insurance companies is totally tax free is one of the most common presumptions of the taxpayers.  This is not entirely correct. Amount received from life insurance companies (including bonus) is tax free u/s 10(10D) of the Income Tax Act- 1961, except following receipt: (a) any sum received u/s 80DD(3) [...

Read More