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HC, Madras in the matter of Sutherland Global Services Private Limited v. Assistant Commissioner CGST and Central Excise, has allowed the writ petition challenging the denial of transitional credit of Education Cess (EC), Secondary and Higher Education Cess (SHEC) and Krishi Kalyan Cess (KKC) into GST regime through the TRAN-1 declaration.
The Income Tax Department conducted search action in Mumbai and Surat on 06.11.2019 on entry providers and beneficiaries who have been engaged in execution of civil contracts mainly in Brihanmumbai Municipal Corporation (BMC). A total of 37 premises were covered under search action and 7 premises were covered under survey.
a. various changes in formats of GSTR-9 and 9C to give effect to its applicability for F.Y 2018-19 b. changes in formats of GSTR-9 & 9C to provide substantial relief by making various mandatory fields ‘optional’ for the F.Y 2017-18 and 2018-19
India’s overall exports (Merchandise and Services combined) in April-October 2019-20* are estimated to be USD 310.23 billion, exhibiting a positive growth of 1.51 per cent over the same period last year. Overall imports in April-October 2019-20* are estimated to be USD 359.68 billion, exhibiting a negative growth of 4.61 per cent over the same period last year.
What Is A Trademark? In simple terms Trademark is often referred to as a brand. Trademark means a mark capable of being represented graphically and which is capable of distinguishing the goods or services of one person from those of others in the market and may include the shape of goods, their packaging and combination […]
CBIC has vide Notification 56/2019-Cerntral Tax Dated 14.11.2019 made the amendment in GSTR 9 & GSTR 9C. Various changes took place in such forms. In short, CBIC relaxed some of detailed requirements. A brief of changes are hereby given below: 1. Amendment made in Form GSTR 9: Sr. No. Table Number Existing Amendment 1 4I, […]
Central GST Delhi North Commissionerate has unearthed a racket of issuance of fake invoices without actual supply of goods and services. Shri Naveen Mutreja and Shri Keshav Ram have been arrested in this matter and remanded to judicial custody for 14 days by the Chief Metropolitan Magistrate (CMM), New Delhi at Patiala House Courts. The […]
ध्यान रखें इस समय सरकार पूरा प्रयास कर रही है कि किसी भी तरह से जीएसटी से जुडी समस्याएँ हल कर करदाताओं को राहत दी जा सके और देर से ही सही इस और से सकारात्मक संकेत आने लगे है और यह एक उम्मीद जगाता है कि अब उलझे हुए जीएसटी को सुलझा लिया जाएगा लेकिन इन प्रयासों को और गति देने की आवश्यकता है और समस्याओं को सुलझाने के लिए विभागीय अधिकारियों के साथ जमीनी स्तर पर जुडे जीएसटी विशेषज्ञों की मदद ले और इस समय नए प्रयोग करना जैसे “इनपुट क्रेडिट का 20%” वाले प्रावधान फिलहाल स्थगित रखे.
ITAT Chennai ORDER in the case of Herve Pomerleau International CCCL Joint Venture Vs. DCIT on Section 167B of Income Tax Act, 1961 which deals with Charge of tax where shares of members in association of persons or body of individuals unknown, etc. makes for a curiously interesting reading.
The resolution plan submitted by ArcelorMittal on 02.04.2018 proposed an upfront payment of INR 35,000 crores towards resolution of the debt of INR 49,213 crores of financial creditors. This was buttressed by a letter of commitment from Credit Agricole Corporate and Investment Bank. From this upfront cash recovery, unsecured financial creditors were to be paid only an aggregate amount of 5% of their admitted claims.