Late fee waiver for furnishing GSTR-1 for the period July-2017 to November-2019 up to 10th January 2020 CBIC waives late fees for non- filing of FORM GSTR-1 from July, 2017 to November, 2019 vide Notification No. 74/2019 – Central Tax Dated: 26th December, 2019. Government has notified that the amount of late fee payable shall […]
In the existing GST return filing system, dealers with Turnover up to Rs.1.5 crore in the previous year or anticipating turnover up to Rs.1.5 crore in the current financial year, are eligible to file their GSTR 1 – returns on a Quarterly basis. The due dates being 31st July, 31st October, 31st January, 30th April.
Changing the age old methodology of levy of penalty u/s. 271(1)(c ) of the Income tax Act, Finance Act 2016 has introduced a new mechanism for penalty in the form of section 270A and 270AA.
Job work sector is an integral part of manufacturing process and contributing significant role in the Indian manufacturing industry, by its nature and importance GST gives the special attention on this sector and made some special provision related to Job work industry. Generally job work sector majorly consists of small scale industries, hence GST provision […]
What I am wondering? Every company needs a theme to fight against disruptions across every vertical. How do I pull the millennia’s towards my company? I do I stay ahead of the competition? How much should I allocate between Technology, Human manpower and Skill Development? What should be my R&D cost and what should […]
Globally On 7 June 2017, the International Accounting Standards Board (IASB or the Board) issued IFRIC Interpretation 23 — Uncertainty over Income Tax Treatments (the Interpretation). The Interpretation clarifies application of recognition and measurement requirements in IAS 12 Income Taxes when there is uncertainty over income tax treatments.
Shri Dharmendra Gaud Vs JMK Holdings Pvt. Ltd. (National Anti-Profiteering Authority) We have carefully considered all the Reports filed by the DGAP, submissions of the Respondent and other material placed on record and it is revealed that the Respondent is executing his ”Grand IV A” project under the Affordable Housing Scheme approved by the Government […]
Addition under section 68 on account of high premium was unjustified as there was a clear lack of inquiry on the part of AO once assessee had furnished all the relevant material.
SEBI notifies Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Sixth Amendment) Regulations, 2019 vide Notification No. SEBI/LAD-NRO/GN/2019/47 dated 26th December, 2019. SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 26th December, 2019 SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (SIXTH AMENDMENT) REGULATIONS, 2019 No. […]
The dwelling units measuring less than 60 sq.mtrs. will qualify as low cost houses. They are eligible for the concessional rate of 12% (8% GST after deducting value of land)under Entry (v) (da) of Notification No. 11/2017 Central Tax (Rate) dated 28.6.2017 as amended by Notification No. 1/2018-Central Tax (Rate) dated 25.01.2018 with effect from 25.01.2018 on such units.
