"02 June 2020" Archive - Page 5

GST Council to discuss GST late fee issue (Aug 2017 to Jan 2020)

Issue of GST late fee for the past period (August 2017 to January 2020) to be discussed in the next GST Council meeting. In the recent past tweets have been noticed by the government on the issue of waiver of late fee applicable on non-filing of GSTR 3B returns. The demands are largely for the waiver of late fee for the returns which were...

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Disclosure of underwriting philosophy of offering Insurance coverage to Persons with Disability (PWD) and people affected with HIV/AIDS and Mental Illness diseases

IRDAI/HLT/MISC/CIR/129/06/2020 02/06/2020

Disclosure of underwriting philosophy of offering Insurance coverage to Persons with Disability (PWD) and people affected with HIV/AIDS and Mental Illness diseases....

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Fair value of land is be considered as on date of execution of document

State of Kerala Vs Sunitha Paul (Kerala High Court)

Where the document was executed by the parties prior to the revision of the fair value, the valuation need only be done in accordance with the fair value existing as on the date of execution of the document and the stamp duty for the purpose of registration need be calculated accordingly....

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ITR wise changes in Income Tax Return Forms – AY 2020-21

The most awaited moment for all the chartered accountants is here. Finally, the CBDT has released all the Income Tax Return (ITR) forms for AY 2020-21 / FY 2019-20. Every year we are waiting for these forms to release so that we can start our workings and data collating work from client, according to the […]...

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Bail Granted for offense of Wrongful Availment of ITC under GST

Mohit Vijay Vs Union Of India (Rajasthan High Court)

Mohit Vijay Vs Union Of India (Rajasthan High Court) In the present case, petitioner filed bail application u/s 439 CrPC for the offense of wrongful availment of Input Tax Credit under Section 132(1)(b)(c)(f)(j) and (I) of the Central Goods and Service Tax Act, 2017. High Court States that, the grant or denial is regulated, to […]...

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How To GET Registration In Startup India

GOOD DAY Hereby, I wrote an article on “how to get registration under start-up india”. But before going to main agenda let’s discuss few concept about the same:- Definition: A startup company, or simply a startup, is an entrepreneurial venture in its early stages of operations typically aimed at resolving a real life is...

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Key Changes in ITR forms for Financial Year 2019-20

1) The new forms require a separate table to disclose tax saving investment made during 1st April 2020 to 30th June 2020 for availing them in FY 2019-20. Deductions under Chapter-VI of Income Tax Act which includes Section 80C (LIC, PPF, etc), 80D (Mediclaim) and 80G (donations) will now be allowed for spending till 30th June. 2) [&hell...

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MSME – Registration & Benefits

MSME – Registration & Benefits for Trading and small scale manufacturer’s & Service Industries MSME stands for Micro, Small and Medium Enterprises. The MSME sector contributes to 45% of India’s Total Industrial Employment, 50% of India’s Total Exports and 95% of all industrial units of the country and more than 60...

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Micro, Small & Medium Scale Enterprises- Registration & Benefits  

MICRO, SMALL & MEDIUM SCALE ENTERPRISES INDUSTRY IN INDIA The Indian Micro, Small & Medium Scale Enterprises (MSME) sector is the backbone of the national economic structure and has unremittingly acted as the bulwark for the Indian economy, providing it resilience to ward off global economic shocks and adversities. With around 63...

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Time to say Thank You & Respect Small Taxpayers from Business Sector

Who are these people; they are those who are paying the taxes. They are traders; small entrepreneur, Hotelier, Manufacturers, professionals and they are called by a name VYAPARI. This is the time to say thanks to them and to award them with VYAPARI SAMMAN. ...

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August 2022