‘E-invoicing’ is a measure vide which the invoices will be validated electronically through GSTN for further use on the common GST portal. It is a measure to bridge the gap in data reconciliation to reduce mismatch errors. However, it should be noted that this process is only an authentication measure and not an invoice generation […]
38th GST Council Meeting on 18th December 2019 decisions- Highlights and Analysis GST Rate Changes and Analysis | 38th GST Council Meeting 1. To exempt long term lease contracts of industrial/ financial infrastructure plots by an entity having 20% or more ownership of Central or State Government- Releases Working Capital pressure for entities where Govt […]
The GST Council in its 38th meeting held on 18th December 2019 at New Delhi discussed and approved: (i) certain amendments in the GST Law and procedures; and (ii) Changes related to GST Rates Below mentioned is the gist of announcements made by the GST Council categorised into below sections: 1. GST Revenue Trends – […]
Article explains What are Micro, Small & Medium Enterprises , Is GST mandatory for Registered MSME, Section 22 of CGST Act Person liable for Registration How MSMEs comply with GST, Benefits of GST to MSME , Major Steps by GST Council to give relief to MSME, What is Composition Levy (Sec.10) , Eligibility category for […]
Karvy Stock Broking limited according to the SEBI, transferred client’s pledged shares in its account and transferred a stupendous amount of Rs 1,096 crore to its own group company, Karvy Realty Pvt. Ltd, within the time span of April 1, 2016, and October 19, 2019.
Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman held her 5th Pre-Budget Consultation with the representatives of various Trade Unions and Labour Organisations here today in connection with the forthcoming General Budget 2020-21.
Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman held her 6th Pre-Budget Consultation with leading Industrialists here today in connection with the forthcoming General Budget 2020-21.
In this age and time, Management System and auditors face greater challenges in their task. They need to respond effectively to the demands of a rapidly changing and complex business environment, while helping organizations continue comply with growing regulatory mandates and conform to other requirements.
Brahma Center Development Pvt. Ltd. Vs PCIT (ITAT Delhi) The Mumbai Bench of Tribunal while noticing the decision of jurisdictional High Court in the case of CIT vs. Sunbeam Auto Ltd, 332 ITR 167 and the case of Nagesh knitwear Pvt. Ltd., 355 ITR 135 observed that the Explanation-2 to section 263 inserted by Finance […]
Office Order No. 262 of 2019 – Extension of ad-hoc appointment to the grade of Assistant Commissioners of Income Tax (ACIT) – reg F.No. A-32013/1/2018 – Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) ***** North Block, New Delhi. The 20th December 2019. Office Order No. 262 of […]
