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Archive: 22 April 2020

Posts in 22 April 2020

After Appeal department withdraws Order passed in haste during Lockdown

April 22, 2020 3348 Views 0 comment Print

In the given case, the writ petitioner has requested Income Tax Department for the adjournment of 3 weeks to respond to the show cause notice on account of the lockdown declared by the Government of India across India so as to effectively deal with the Covid-19 pandemic.

जीएसटी के तहत गिरफ्तारी के प्रावधान -सुधीर हालाखंडी-

April 22, 2020 33921 Views 3 comments Print

जीएसटी के तहत गिरफ्तारी के प्रावधान आज आपसे हम जीएसटी कानून से जुड़े एक बहुत ही संवेदनशील मुद्दे पर चर्चा कर रहें है और वह है जीएसटी कानून में गिरफ्तारी के प्रावधान . जीएसटी जिस समय भारत में लगाया गया था उस समय एक सवाल सबसे अधिक चर्चा का विषय था वह था क्या जीएसटी […]

Foreign Exchange Management (Non-debt Instruments) Amendment Rules, 2020

April 22, 2020 20247 Views 0 comment Print

Provided that an entity of a country, which shares land border with India or the beneficial owner of an investment into India who is situated in or is a citizen of any such country, shall invest only with the Government approval:

Epidemic Diseases (Amendment) Ordinance, 2020

April 22, 2020 3432 Views 0 comment Print

No person shall indulge in any act of violence against a healthcare service personnel or cause any damage or loss to any property during an epidemic. Whoever, while committing an act of violence against a healthcare service personnel, causes grievous hurt as defined in section 320 of the Indian Penal Code to such person, shall be punished with imprisonment for a term which shall not be less than six months, but which may extend to seven years and with fine, which shall not be less than one lakh rupees, but which may extend to five lakh rupees.

Conversion of a Private Limited Company in to Public Limited

April 22, 2020 9450 Views 0 comment Print

A Private company can be converted in to public company by complying with the following requirements: > Alteration of its articles thereby deleting the three restrictions of a private company, by passing a special resolution as per Section 14; and > Changing its name thereby deleting the word ‘Private’ from its name, by passing special […]

SC: Doctrine of Promissory Estoppel not applicable on subsequent industrial policies

April 22, 2020 1989 Views 0 comment Print

Subsequent notifications/industrial policies  were issued in public interest and in the interest of the Revenue and they seek to achieve the original object and purpose of giving incentive/exemption while inviting the persons to make investment on establishing the new undertakings and they did not take away any vested rights conferred under the earlier notifications/industrial policies and therefore could not be said to be hit by the doctrine of promissory estoppel, the same was to be applied retrospectively and they could not be said to be irrational and/or arbitrary.

Direct Tax Vivad se Vishwas Act, 2020- FAQs You must Know

April 22, 2020 22488 Views 1 comment Print

It has now been clarified that where only notice for initiation of prosecution has been issued without prosecution being instituted, the assessee is eligible to file declaration under Vivad se Vishwas.

Allotment of Filing Reference Number (FRN) for Cross Border Reinsurers

April 22, 2020 4299 Views 0 comment Print

On the basis of the submissions made by Cross Border Reinsurer (CBR) and recommendations of the insurers, the Authority has granted approval to the below mentioned CBR’s , who do not fulfil stipulated eligibility criteria.

Shifting of Registered Office (Along With Listing Regulation)

April 22, 2020 3930 Views 0 comment Print

1. Every time question comes in our mind? Why the Govt creates the requirement registered office for my business? -Registered office of the company is the official address shown in the records of the Government organisation and its own. It will be beneficial for the Corporate/government for following purpose: CORPORATE a. Conduct day to day […]

Detailed analysis on filing of GST PMT-09

April 22, 2020 20748 Views 19 comments Print

The CBIC has recently introduced Form PMT-09 for transfer of amount from one head to another head. This enables a registered taxpayer to transfer any amount of tax, interest, penalty, etc. that is available in the electronic cash ledger, to the appropriate tax or cess head under IGST, CGST and SGST in the electronic cash […]

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