"15 November 2019" Archive - Page 4

Mis-declaration by SEZ – Permission based on project report to be relied

Texool Wastesavers Vs C.C (CESTAT Ahmedabad)

Texool Wastesavers Vs C.C (CESTAT Ahmedabad) Relying on the permission which was granted in terms of project report made before the Development Commissioner, which stated that the SEZ unit was permitted to import garments that were almost new but could be out of fashion in terms of time as far as the country of production […]...

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Blocking/Unblocking of e-way bill generation- New feature

E-Way Bill system will have a new feature of blocking/unblocking of the taxpayers from next month, as per the rule. That is, if the GST taxpayer has not filed Return 3B for the last two successive months in GST Common portal, then that GSTIN will be blocked for generation of e-way bill either as consignor or consignee....

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Posted Under: Custom Duty |

Taxing Multinationals: Unified Approach proposal is not good enough

Taxing multinationals: Unified Approach proposal is not good enough – ICRICT urges Secretariat to bring G24 proposal back to the table and to publish economic impact analysis so that the debate can be both transparent and objective. Last month, under the mandate of the G20, the OECD Secretariat has presented a proposal to address the [&...

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Posted Under: Custom Duty |

GST Confusions of UTs of J&K and Ladakh Post 30.10.2019

The introduction of Jammu & Kashmir Reorganization Act, 2019 has led to the bifurcation of State of Jammu & Kashmir into two Union Territories namely the Union Territory of Jammu & Kashmir & the Union Territory of Ladakh necessitating the numerous changes both Legislative as well as Administrative. The Re-organization is e...

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Posted Under: Custom Duty |

Compliance related to Maintenance of Databank of Independent Directors

Compliance related to Maintenance of Databank of Independent Directors by Institute notified by Central Government Section 150 of the Companies Act, 2013 deals with manner of selection of Independent Directors and maintenance of databank for Independent Directors wherein institute for creation and maintenance of databank be notified by Ce...

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Posted Under: Custom Duty |

Restrictions on Availment of Input Tax Credit: With Illustration

Government now showing full intention to stop ITC leakages and in order to shove taxpayers to timely file their statement of outward supplies, has come up with imposition of restrictions on availment of input tax credit. This means when a supplier does not file its GSTR-1 then receiver will not be able to get its […]...

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Posted Under: Custom Duty |

Simplification & extension of date for filing Form GSTR-9 & GSTR-9C

Simplification and extension of date for filing Annual Return – GSTR-9 and Audit Report – GSTR-9C/ Extension of due date for filing Form GSTR-9 and Audit Report in Form GSTR-9C and simplification of the Forms Based on the press release hosted on the website of Press Information Bureau – Govt of India (PIB), it has […]...

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Posted Under: Custom Duty |

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