Follow Us :

Archive: November, 2019

Posts in November, 2019

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

November 27, 2019 1563 Views 0 comment Print

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 were created for rotation of money and fraudulent Input Tax Credit (ITC), thus defrauding the Exchequer. Prima facie fraudulent ITC of about Rs 140 crores has been passed on using invoices involving an amount of Rs 1,040 crores.

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

November 27, 2019 621 Views 0 comment Print

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.

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

November 27, 2019 21093 Views 0 comment Print

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 […]

Important Takeaways from Master Circular on GST refund

November 27, 2019 10158 Views 2 comments Print

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 summary of important […]

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

November 27, 2019 26688 Views 0 comment Print

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 disbursement of all tax heads […]

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

November 27, 2019 2409 Views 0 comment Print

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 27.11.2019. The regulations shall come into force from the […]

60 Disclosures to be made in GST Audit Report

November 27, 2019 193149 Views 13 comments Print

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 6,8,10,13 and […]

Show Cause Notice for Suo-Motto GST Registration Cancellation

November 27, 2019 55002 Views 0 comment Print

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 […]

Central Excise Duty rebate claim filed after expiry of 1 year from export date is ineligible

November 27, 2019 1041 Views 0 comment Print

Section 11(B)(1) of the Act read with the Explanation thereto, clearly requires any claim for rebate to be submitted within one year of export of the goods, where against rebate is claimed. There is no provision which permits relaxation of this stipulated one year time limit.

Indian Visa Requirements for Foreigners

November 27, 2019 1914 Views 1 comment Print

Under Indian law, the legal rights and the restrictions imposed on foreign nationals depend on whether they are categorized as residents or non-residents. Entry into India generally requires a valid visa granted by an Indian Mission (that is, consulate of the Indian embassy) abroad. Furthermore, foreign nationals who enter India must register themselves with the […]

Search Post by Date
June 2024