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Archive: 07 November 2019

Posts in 07 November 2019

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6441 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

FAQs on Special Window for Funding Stalled Housing Project

November 7, 2019 1227 Views 0 comment Print

FAQs on Special Window for Funding Stalled Affordable and Middle-Income Housing Project as Approved by Union Cabinet on November 6, 2019 The Union Cabinet chaired by Prime Minister Shri Narendra Modi  yesterday approved the establishment of a ‘Special Window’ fund to provide priority debt financing for the completion of stalled housing projects that are in […]

Income Tax Dept. ROC & ICAI Compliances Vs Quality of Work

November 7, 2019 2094 Views 0 comment Print

From a CHARTERED ACCOUNTAT’S point of view Oh my gosh ! dates are approaching! GSTR 1, GSTR 3B, COMP-08, GSTR 9, 9A, 9C, ITR, Tax Audit, Company statutory audit, Certificates, above all generation of UDIN.

CBI Searches At 187 Places in bank fraud cases of Rs. 7200 Crore

November 7, 2019 876 Views 0 comment Print

CBI has registered around 42 cases of bank frauds involving Rs. 7200 crore (approx.). The banks involved (including consortium members) are Andhra Bank, Oriental Bank of Commerce, Indian Overseas Bank, SBI, Allahabad Bank, Canara Bank, Dena Bank, Punjab & Sind Bank, Punjab National Bank, Central Bank of India, Union Bank of India, IDBI Bank, Bank of Baroda, Bank of Maharashtra and Bank of India. .

CBIC notifies Rate of Exchange of Foreign Currencies wef 08.11.2019

November 7, 2019 1050 Views 0 comment Print

Customs Rate of Exchange of Foreign Currency Conversion w.e.f. 8th November, 2019 notified vide Notification No. 81/2019–Customs (N.T.) dated 7th November, 2019.

Scheme for Non-competitive Bidding Facility in Auction of State Development Loans

November 7, 2019 477 Views 0 comment Print

As part of the overall strategy of diversifying the investor base for SDLs, Reserve Bank of India has been taking various measures to encourage participation of retail investors in SDL market including introduction of non-competitive bidding in primary auctions.

Exposure Draft on Guidelines on Wellness and Preventive Features/Benefits

November 7, 2019 873 Views 0 comment Print

In order to enhance the scope of services offered under wellness and preventive features/benefits of health insurance products, it is proposed to issue comprehensive guidelines on wellness and preventive features/benefits.

Compilation of Income Tax Case Laws for Departmental Officers

November 7, 2019 7362 Views 1 comment Print

‘Decision Kit for Departmental Officers’ is brought out for the use of the Officers of the Department. This is compiled by Shri Y.V.S.T.Sai, I.R.S., Commissioner of Income Tax, Hyderabad. This compilation book would serve as a ready reference and handy tool to the Officers of the Department in their core functions. As it is often […]

ITC – mandatory reconciliation to Form GSTR-2A?

November 7, 2019 21168 Views 4 comments Print

Notification No. 49/2019-Central Tax has been issued by CBIC last week carrying our various amendments in the CGST Rules. One of the important amendments in the Rules which was pronounced in the GST Council press release is to permit the credit to the recipient only if the corresponding supplies have been reported in the GSTR-1 by his suppliers.

Taxability of loan waivers under Section 28(iv) and Section 41(1)

November 7, 2019 6855 Views 0 comment Print

Pr. CIT Vs M/s. Colour Roof (India) Ltd. (Bombay High Court) The Supreme Court in the case of Commissioner v/ s. Mahindra and Mahindra Ltd., [2018] 404 ITR 1 has held that sine-qua-non for application of Section 41(1) of the Act, is that there should have been allowance or deduction claimed by the Assessee in […]

HC takes note of Huge Pendency at CESTAT Chandigarh due to non availability of Member Technical

November 7, 2019 849 Views 0 comment Print

We request the learned President of CESTAT, Principal Bench, New Delhi to initiate some remedial measures by deputing a Member Technical for atleast two weeks during a month to hold Court at Chandigarh Bench so that the Divisional Bench, CESTAT, Chandigarh Bench can function for reducing the pendency.

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