"02 January 2020" Archive - Page 2

Blocking of E-way Bills / ITC Ledger and Amendment to Rule 36(4)

Notification No. 75/2019–Central Tax Dated: 26th December, 2019 Blocking of E-way Bills for non-furnishing of GSTR-1 With effect from the 11th January, 2020, in rule 138E, after clause (b), the following clause shall be inserted, namely:- “(c) being a person other than a person specified in clause (a), has not furnished the statement ...

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How to Respond to Outstanding Income Tax Demand intimation U/s. 143(1)

Outstanding Income Tax demand arises when taxpayer’s tax as per Income Tax Return is less than the tax payable as per Income Tax Department. ITD sends the intimation under Section 143(1) asking for outstanding demand along with the calculations, stating the reason why you need to pay more tax. You can go through the calculations [&h...

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Various Assessments Under The Income Tax Law

Every taxpayer has to furnish the details of his income to the Income-tax Department. These details are to be furnished by filing up his return of income. Once the return of income is filed up by the taxpayer, the next step is the processing of the return of income by the Income Tax Department. The […]...

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NAA directs DGAP to further Verify total amount of ITC Benefit

Ajay Kumar Vs Pivotal Infrastructure Pvt Ltd. (NAA)

Ajay Kumar Vs Pivotal Infrastructure Pvt Ltd. (NAA) Facts of the Case: The brief facts of the case are that vide their applications dated 09.10.2018 and 16.12.2019 filed before the Standing Committee on Anti-profiteering under Rule 128 (1) of the CGST Rules, 2017, the Applicant No. 1 and 2 had alleged profiteering by the Respondent [&hell...

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Bio Processed Meal not falls under HS Code 23099090- GST Payable

In re Vippy Industries Ltd. (GST AAR Madhya Pradesh)

In re Vippy Industries Ltd. (GST AAR Madhya Pradesh) The Product Preparation of a kind used in Animal Feeding – Bio Processed Meal is not entitled to classify under HS Code 23099090 and therefore not entitled for the benefit of Notification No. 02/2017-CT(Rate) dated 28.06.2017 and corresponding notification issued under MPGST Act. ...

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How NRIs can avoid Double Taxation?

To avoid paying tax on same income twice, one can use the provisions of the Double Taxation Avoidance Agreement (DTAA), a tax treaty India has signed with many countries....

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CAG Policy of Empanelment of CA Firms/LLPs and Selection of Auditors

A. Empanelment of CA firms/LLPs Chartered Accountant firms (firms) and Limited Liability Partnerships (LLPs) in India with at least one full time [1] FCA (Partner/Sole Proprietor) can apply for empanelment with this office for the purpose of appointment of auditors of Companies as per Section 139 (5) and 139(7) of the Companies Act 2013 ...

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Public Notice No. 54/2015-2020-DGFT, Dated: 02.01.2020

Public Notice No. 54/2015-2020-DGFT 02/01/2020

 6 APA – ITC (HS) Code No. 29411050, is removed from Appendix 4J of HBP, and from point no. 15 under general notes for Chemical and Allied Products of Standard Input Output Norms (SION) under Hand Book of Procedures Volume 2 of 2015-2020. Public Notice No. 62/2016 dt. 24.03.2017 also stands amended, to that extent. […]...

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Q 1. What is Employee Company Secretary Identification Number (eCSIN) Guidelines, 2019? Ans. It is 17 digit alphanumeric number used to enable the Institute to identify a Company Secretary employed in particular company and bring transparency. Q 2. What is the objective of Employee Company Secretary Identification Number (eCSIN) Guideline...

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ICSI (Employee Company Secretaries Identification Number (eCSIN) Guidelines), 2019

ICSI (Employee Company Secretaries Identification Number (eCSIN) Guidelines), 2019 (as approved by the Council in its 261st (Special) Meeting held on 27th June, 2019 at New Delhi and further amended by the Council in its 263rd Meeting held on 23 September, 2019 at New Delhi) In exercise of the powers conferred by clause (1) of […]...

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September 2021