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Archive: 20 March 2020

Posts in 20 March 2020

ITAT Mumbai to hear urgent matters through video conferencing via skype or WhatsApp

March 20, 2020 657 Views 0 comment Print

It has been decided that henceforth, and till further orders, the Income Tax Appellate Tribunal, Mumbai benches, will hear only extremely urgent matters, such as, for example, stay petitions in deserving cases, preferably through web-based video conferencing call such as skype or WhatsApp video group call

Draft CSR Policy Amendment Rules 2020-: Noteworthy points

March 20, 2020 4374 Views 0 comment Print

Draft Companies (Corporate Social Responsibility Policy) Amendment Rules, 2020 In order to operationalize the Companies (Amendment) Act, 2019, the Companies (Corporate Social Responsibility Policy) Amendment Rules , 2020 has been drafted for carrying out amendments in the Companies (CSR Policy) Rules, 2014. Definitions amended/ newly inserted Amended Definition of Corporate Social Responsibility The following activities […]

Revenue not entitled to attach properties of Private Trust to recover dues of trustees

March 20, 2020 3162 Views 0 comment Print

Revenue is not entitled to attach the properties belonging to a Private Trust to recover dues of the trustees, who was a director of a company which had allegedly defaulted in paying its tax dues.

Vivad se Vishwas Scheme 2020 for Minimizing Tax-related Litigation

March 20, 2020 3750 Views 0 comment Print

BRIDGING THE  DISPUTE- TRUST DIVIDE for Minimizing Tax-related Litigation Avail this golden opportunity …Settle your Income Tax disputes Objectives of Vivad Se Vishwas Scheme 2020 > Reduce income tax pending litigation > Generate timely revenues for the Government > Help taxpayers end their tax disputes with the department by paying disputed tax and get waiver […]

Instruction to Fill Form 1 & 2 -Direct Tax Vivad Se Vishwas Scheme

March 20, 2020 77340 Views 2 comments Print

CBDT has released Direct Tax Vivad Se Vishwas Rules 2020 vide Notification No. 18/2020-Income Tax Dated- 18/03/2020 and also released following forms- FORM-1- Form for filing declaration, Form-2 – Undertaking Under Sub-Section (5) Of Section 4 Of The Direct Tax Vivad Se Vishwas Act, 2020 (3 Of 2020), Form-3- Form For Certificate Under Sub-Section (1) Of […]

Handwritten Serial Number cannot be the reason for denial of ITC

March 20, 2020 1467 Views 0 comment Print

Krupa Trading Company Vs C.C.E. & S.T. (CESTAT Ahmedabad) The short issue involved in the present case is that whether the denial of Cenvat Credit by the Adjudicating Authority for the reason that invoices of input service bear handwritten serial number is correct or otherwise. It is clear from the rules that the invoice should […]

COVID-19- Companies & LLPs to file web Form CAR

March 20, 2020 26211 Views 0 comment Print

The web form named CAR. (Company Affirmation of Readiness towards COVID-19) should be filed by an authorized signatory of Companies & LLPs. CAR-2020 shall be deployed on the 23rd of March, 2020.

Availment of ineligible drawback & IGST: Search & seizure by DRI justified

March 20, 2020 984 Views 0 comment Print

The issue under consideration is whether the Search and resultant seizure of documents and record by Director of Revenue Intelligence is justified under Customs Act, 1962?

Extend due dates of VAT assessments, Fill vacant posts: JCTBA

March 20, 2020 2715 Views 0 comment Print

JHARKHAND COMMERCIAL TAXES BAR ASSOCIATION March 19, 2020 To, Hon’ble Finance Minister Government of Jharkhand Ranchi. Sub : Practical difficulties in day to day affairs Respected Sir, Our Association was formed in the year 1965 with the purpose of providing assistance and educate its Members practicing in Indirect taxes field. Time and again representations have […]

Section 194O TDS by E-Commerce Operator

March 20, 2020 5832 Views 0 comment Print

Section 194O TDS by E-Commerce Operator PROVISION When E-Commerce Operator provides its platform to E-Commerce participant for sale of goods or services or both then, E-Commerce operator must deduct 1% TDS at the time of credit of amount of sale of goods, service or both to the account of e commerce participant or at the […]

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