"22 January 2020" Archive

Recent Amendments – Rule 36(4) of CGST Rules & GST E-Invoicing

GST has been a major structural reform of the current government. Replacing multiple taxes of state and central governments into a single tax has given a major relief to trade and industry. However, since the introduction of GST in India in 2017, it has seen several changes. The current article covers some of such significant […]...

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Transfer of Property Through Trust

A trust is an arrangement by which the property of the author of the trust or settlor is transferred to another, the trustee, for the benefit of a third person, the beneficiary. In general terms, trusts fall into one of two categories, private trusts and public trusts. The India Trusts Act, 1882 (act) governs private […]...

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Cabinet approves Amendments in Acts dealing with GST, VAT & Excise Duty in view of merger of Dadra & Nagar Haveli and Daman & Diu

Cabinet approves Amendments/Extension/Repeal in Acts dealing with Goods and Services Tax, Value Added Tax and Excise Duty in view of merger of Dadra & Nagar Haveli and Daman & Diu...

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SEBI SOP for suspension & revocation of trading of specified securities

SEBI/HO/CFD/CMD/CIR/P/2020/12 (22/01/2020)

The recognized stock exchanges shall disclose on their website the action(s) taken against the listed entities for non-compliance(s); including the details of the respective requirement, amount of fine levied, details regarding the freezing of shares of promoters, the period of suspension etc....

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SEBI Streamlines Procedures on the Rights Issue process

Circulars No. SEBI/HO/CFD/DIL2/CIR/P/2020/13 (22/01/2020)

a. The issuer shall dispatch a common application form to its shareholders as on the record date. Along with application form, the issuer shall also send the details of the rights entitlements of the shareholder separately....

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PPF Account -12 Frequently Asked Questions

Public Provident Fund (PPF) is considered as most important and safe amongst all tax saving investments schemes.  This scheme is falls under the EEE category i.e. Exempt, Exempt and Exempt which means if you invest in it, you will get a deduction u/s 80C on your income. Further, the interest you earn on it alongwith […]...

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E-Invoicing under GST- An Overview

The ‘e-invoicing’ system under GST  has been  introduced from January 1, 2020 for generating business-to-business (B2B) invoices on a voluntary basis. It will  become mandatory w.e.f 01 April 2020 for Registered person whose aggregate turnover in a financial year exceeds Rs 100 Crore. E – Invoice is a standard format of t...

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GST ASMT-10 – Notice for Discrepancies in GST Returns

Form GST ASMT-10 is the notice issued under section 61 of CGST Act, 2017 read with Rule 99 of CGST Rules, 2017 for intimating discrepancies in GST returns filed by taxpayer and seeking explanation for same....

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On-line facility for change of Centre/Group/Medium in CA exams

It is found that some candidates while filling the examination application form do not exercise reasonable care and commit errors and seek change of Centre/Group/Medium, on account of errors committed by them in their examination application forms, after submission....

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What are the capital gain tax benefits by listing on SME Platforms?

By listing on recognized SME exchange a company can avail numerous benefits under the Income Tax Act. An SME entrepreneur or investor can avail tax benefit on the transfer of shares of a listed company, which ultimately results in enormous tax savings....

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March 2021