"27 November 2019" Archive

DGGI, Gurugram, arrests two for GST fraud involving Rs 141 crores

The Directorate General of GST Intelligence (DGGI), Gurugram Zonal Unit (GZU), Haryana has arrested Shri Deepak Mittal, resident of Mayur Vihar, New Delhi, and proprietor of M/s DK Enterprise and Shri Ankur Garg, resident of Hansi, district Hisar, Haryana, proprietor of M/s Garg Enterprises....

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Extension of last date of filing of Form NFRA-2-req

General Circular No. 14/2019 27/11/2019

Time limit for filing Form NFRA-2 will be 90 days from the date of deployment of this form on the website of National Financial Reporting Authority (NFRA)....

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Racket involving supply of goods-less invoices & invoice-less goods unearthed

Central GST Delhi North Commissionerate has unearthed a racket involving supply of goods-less invoices and invoice-less goods. One person has been arrested and remanded to judicial custody for 14 days by the Chief Metropolitan Magistrate (CMM), New Delhi at Patiala House Courts. The accused was found to be operating 10 fake firms which we...

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Guidelines for preferential issue & institutional placement of units by a listed REIT

SEBI/HO/DDHS/DDHS/CIR/P/2019/142 27/11/2019

Institutional Placement shall mean a preferential issue of units by a listed REIT only to Institutional Investors, as defined under REIT Regulations or circulars issued thereunder....

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All about Online Upload /Download of Form GST ANX-1 JSON File

Article explains how to To upload the generated JSON file from the New Return Offline Tool on the GST Portal, Why one need to upload the JSON file into the GST Portal, How to upload the generated JSON file from the New Return Offline Tool, Why do I need to download the JSON file from […]...

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Important Takeaways from Master Circular on GST refund

Circular No. 125/44/2019 – GST dated 18-11-2019:  The circular aims at automating the entire refund process. Many a new concepts and procedures for refunds have been laid. At the same time old guidelines have been consolidated, and some of them have been modified , altered, simplified and rationalized.  This article presents a sum...

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New Online Refund Module- FORM GST RFD-01 & single disbursement

New Online Refund Module (Fully electronic refund process through FORM GST RFD-01 and single disbursement) A. GST Refunds ♠ Online refund processing (End to End) has been deployed by GSTN. Consequently, refund ARNs generated from 26.09.2019 onwards are processed online , including issuance of GST RFD-04, GST RFD-06 orders and disburseme...

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IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2019

Notification No. IBBI/2019-20/GN/REG052 and Press Release No. No. IBBI/PR/2019/31 Dated 28.11.2019 27/11/2019

The IBBI amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 vide The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2019 on 27....

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60 Disclosures to be made in GST Audit Report

The notes for GST Audit are for guidance only. The GST auditor will have to make suitable observations, remarks, qualifications, etc. depending on the facts of the audit. AS THE GST LAW IS EVER CHANGING GSTR-9C and where to put reasons, comments, observations and qualifications and etc. Reasons for unreconciled differences in Table 6,8,10...

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Show Cause Notice for Suo-Motto GST Registration Cancellation

Dear Readers, after the implementation of GST Law in July, 2017, now GST Department has started taking action against GST Defaulter. Due to a decrease in revenue collection of GST from its targeted budget, now GST Department is taking all steps to curb GST malpractices and to catch GST Defaulters. In the recent steps, GST […]...

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