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Archive: 18 November 2019

Posts in 18 November 2019

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

May 15, 2024 6486 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.

Fully electronic refund process via Form GST RFD-01 & single disbursement

November 18, 2019 124785 Views 0 comment Print

After roll out of GST w.e.f. 01.07.2017, on account of the unavailability of electronic refund module on the common portal, a temporary mechanism had to be devised and implemented wherein applicants were required to file the refund application in FORM GST RFD-01A on the common portal, take a print out of the same and submit it physically to the jurisdictional tax office along with all supporting documents.

Optional filing of annual GST return Form GSTR-9 / GSTR-9A- CBIC clarifies

November 18, 2019 127959 Views 6 comments Print

Vide notification No. 47/2019-Central Tax it is provided that the annual return shall be deemed to be furnished on the due date if it has not been furnished before the due date for the financial year 2017-18 and 2018-19, in respect of those registered persons.

CBDT notifies Form no. 16D & 26QD for TDS Payment & Return|Section 194M

November 18, 2019 26427 Views 1 comment Print

The CBDT has notified that any sum deducted under section 194M shall be paid to the credit of the Central Government within a period of thirty days from the end of the month in which the deduction is made and shall be accompanied by a challan-cum-statement in Form No. 26QD. Every person responsible for deduction […]

E-Show cause – E-Reply: MCA’s new tracing mechanism

November 18, 2019 5646 Views 3 comments Print

The Ministry of Corporate Affairs (MCA) recently introduced an artificial intelligence mechanism called the Ministry of Corporate Affairs – Compliance Monitoring System (MCA-CMS) on the MCA 21 portal with an intent is to make compliance procedure simpler. WHAT IS MCA-CMS? Ministry of Corporate Affairs – Compliance Monitoring System (MCA-CMS) is the newly introduced online Compliance […]

Show Cause Notice under MCA-Compliance Monitoring System

November 18, 2019 7398 Views 0 comment Print

Show Cause Notice under MCA-CMS: All of us are aware about the MCA-Compliance Monitoring system (AI based system) which is tracking certain non-compliance of the company automatically and sending show cause notice for violation of Section 96 (Annual general Meeting) & other related sections based on te filings of the companies. So lets understand what […]

Changes in form GSTR-9 and GSTR-9C (14 November 2019)

November 18, 2019 12150 Views 0 comment Print

Updates on Changes in form GSTR-9 and GSTR-9C 1. Notification No. 56/2019-CGST was issued on 14th November 2019 notifying  various changes in form GSTR-9 and 9C to give effect to its applicability for F.Y 2017-18 and 2018-19. This notification provide substantial relief by making various mandatory fields ‘optional’ for the F.Y 2017-18 and 2018-19. 2. […]

Exposure Drafts of Guidance Note on ICSI Auditing Standards

November 18, 2019 525 Views 0 comment Print

THE INSTITUTE OF Company Secretaries of India IN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under an Act of Parliament (Under the jurisdiction of Ministry of Corporate Affairs) EXPOSURE DRAFTS OF GUIDANCE NOTE ON ICSI AUDITING STANDARDS FOR PUBLIC COMMENTS (Last date for submission of comments: 5th December, 2019) The Institute of Company Secretaries of India […]

Enable assessee to file rectified TRAN -1 Form: Kerala HC to GST Dept

November 18, 2019 1506 Views 0 comment Print

In the instant case, as already noted, the availment of credit by the petitioner, and its entitlement to distribute the credit to its various branches is not disputed. I am therefore of the view that the 5th respondent should either permit the petitioner to file a rectified TRAN-1 Form electronically in favour of each of its branches in the country, or accept manually filed TRAN -1 Form with the appropriate corrections, on or before 30.12.2019.

EOU entitled to Cenvat Credit Refund in respect of goods sold to SEZ units

November 18, 2019 795 Views 0 comment Print

Observing that the definition of DTA under SEZ Act includes everything located outside SEZs, CESTAT Hyderabad has held that 100% EOU located outside SEZ, constitutes DTA as far as SEZ Act is concerned. It also observed that Section 51 of the SEZ Act makes it clear that this Act prevails over any other law. The Tribunal held that the appellant (EOU) is entitled to refund of Cenvat Credit under Cenvat Rule 5 in respect of the goods which they had sold to SEZ units. CESTAT Chennai Order in case of Orbis India (P) Ltd. was relied on.

Pertinent anomalies due to GSTN Portal designing deficiencies

November 18, 2019 2487 Views 0 comment Print

GSTN might have done a commendable job to help Ministry of Finance or CBIC and the States to administer the intricate provisions of GST Law as an interface between the assessee tax payer and the Government, but at some places GSTN have made some significant mistakes in analysing and converting the provision of GST Law into Web Portal driven by the software.

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