"22 November 2019" Archive

CBIC clarifies on Rate of GST on Job Work

Circular No. 126/45/2019-GST 22/11/2019

Doubts have been raised with regard to the recommendation of the GST Council to reduce rate of GST on all job work services, which earlier attracted 18 % rate, to 12%. CBIC clarified on the same...

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CGST- Bus body building includes building of body on chassis of any vehicle

Notification No. 26/2019- Central Tax (Rate) [G. S.R. 870(E).] 22/11/2019

Notification No. 26/2019- Central Tax (Rate) For the purposes of this entry, the term bus body building shall include building of body on chassis of any vehicle falling under chapter 87 in the First Schedule to the Customs Tariff Act, 1975....

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IGST: Bus body building includes building of body on chassis of any vehicle

Notification No. 25/2019- Integrated Tax (Rate) [G.S.R. 871(E).] 22/11/2019

Seeks to insert explanation regarding Bus Body Building in Notification No. 8/2017-Integrated Tax (Rate) dt. 28.06.2017 which is 'For the purposes of this entry, the term 'bus body building' shall include building of body on chassis of any vehicle falling under chapter 87 in the First Schedule to the Customs Tariff Act, 1975.'...

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UTGST: Bus body building includes building of body on chassis of any vehicle

Notification No. 26/2019-Union Territory Tax (Rate) [G.S.R. 872(E).] 22/11/2019

Seeks to insert explanation regarding Bus Body Building in Notification No. 11/2017-Union Territory Tax (Rate) dt. 28.06.2017 which is ‘For the purposes of this entry, the term ‘bus body building’ shall include building of body on chassis of any vehicle falling under chapter 87 in the First Schedule to the Customs Tariff...

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Bail granted to assessee in default under GST subject to bond securities

Atal Chopra Vs State of Rajasthan (Rajasthan High Court)

Atul Chopra Vs. State of Rajasthan (Rajasthan High Court) The issue under consideration is whether the bail will be granted to the assessee who was arrested for offence committed under GST? The offence as alleged in the FIR is under section 132(1)(a) read with section 132(1)(h), (j) and (k) of the Rajasthan Goods and Services […]...

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Section 68- No addition for duly explained cash deposited in bank

ACIT Vs Siddhartha Bhargava (ITAT Kolkata)

ACIT Vs Siddhartha Bhargava (ITAT Kolkata) The issue under consideration is whether Cash deposits in bank account held as unexplained u/s 68 is justified? During the assessment proceedings, the assessee had produced bank account of the assessee in Punjab National Bank (PNB) and HSBC. On verification of the bank accounts, it was found that...

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Web Portal for exchange of information on Income Tax Website

Release ID: 1593094 22/11/2019

Shri P.C. Mody, Chairman, Central Board of Direct Taxes (CBDT), inaugurated the Web Portal for Exchange of Information on Income Tax Website here today....

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Revisit Compliance under SEBI (LODR) Regulations, 2015 by 1st April 2020

Law being dynamic in nature can never be static. With new amendments, new compliances needs to be ensured. Keeping these in mind the following are the checklist that needs to be abided by the Listed Entities by 1st April 2020. Reg  No. Provision Views 17 (1) (A) The Board of directors of the top 1000 […]...

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Guide to Programme Credit Hours (PCH) for Company Secretaries

It is mandatory for every Company Secretary to be it in practice or in employment to achieve mandatory Programme Credit Hours (PCH) as per the guidelines issued by the Institute of Company Secretaries of India (ICSI). Guidelines issued by ICSI for Compulsory Attendance of Professional Development Programmes for the Members (PCH Guideline)...

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Loan and Investment by Company | Companies Act 2013 | Section 186

The Companies Act, 2013 has come with a change in the theory of Loan and Investment by Company. The new Act provides that inter-corporate investments not to be made through more than two layers of investment companies. T...

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