"September, 2020" Archive

CBIC extends exemption on 2 type of transportation Services

Notification No. 04/2020-Central Tax (Rate) [G.S.R. 604(E)] (30/09/2020)

CBIC extends exemptions on supply Services by way of transportation of goods by an aircraft from customs station of clearance in India to a place outside India and Services by way of transportation of goods by a vessel from customs station of clearance in India to a place outside India under CGST Act till 30th […]...

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Relaxation in E-Invoice Provisions Implementation for Oct 2020

NA (30/09/2020)

The Government had in December 2019 prescribed that the GST Taxpayers having aggregate annual turnover more than Rs. 100 crores in any preceding Financial Year will be required to issue e-invoice for all the Business to Business (B2B) supplies, in the manner prescribed under rule 48(4) of the CGST Rules, 2017 w.e.f. 1st April 2020....

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GST E-Invoice- CBDT amends rules related to IRN & QR Code

Notification No. 72/2020-Central Tax [G.S.R. 603(E)] (30/09/2020)

Quick Reference code, having embedded Invoice Reference Number (IRN) in it, in case invoice has been issued in the manner prescribed under sub-rule (4) of rule 48....

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Dynamic QR Code on B2C invoices requirement deferred to 01.12.2020

Notification No. 71/2020-Central Tax [G.S.R. 602(E)] (30/09/2020)

Implementation of requirement of Dynamic QR Code on B2C invoices deferred to 1st December 2020. Notification 71/2020-Central Tax dated 30.09.2020 issued. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 71/2020–Central Tax New Delhi, the 30th September, 2020 G.S.R. 602(E).—In e...

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GST Case Law Updates – September 2020

1. Is the recipient eligible to claim a refund? Whether the refund of the unutilized ITC in the e-credit ledger be claimed? In the case of M/s Britannia Industries Limited Vs Union of India (Gujarat High Court) the assessee is an SEZ unit being an exporter has procured the goods and services with payment of […]...

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CBIC extends UTT exemption on 2 type of transportation Services

Notification No. 04/2020-Union Territory Tax (Rate) [G.S.R. 606(E)] (30/09/2020)

Notification No. 04/2020 – Union Territory Tax (Rate)– dated 30th September, 2020- CBIC extends exemptions on supply Services by way of transportation of goods by an aircraft from customs station of clearance in India to a place outside India and Services by way of transportation of goods by a vessel from customs station of cl...

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CBIC extends IGST exemption on 2 type of transportation Services

Notification No. 04/2020-Integrated Tax (Rate) [G.S.R. 605(E)] (30/09/2020)

Notification No. 04/2020 – Integrated  Tax (Rate)– dated 30th September, 2020- CBIC extends exemptions on supply Services by way of transportation of goods by an aircraft from customs station of clearance in India to a place outside India and Services by way of transportation of goods by a vessel from customs station of clear...

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Detection of substantial unaccounted cash & other valuables during surveys under section 133A of Income Tax Act, 1961

F.No.414/16/2014-IT(INV.1) (30/09/2014)

Instances have come to the notice of CBDT where despite detection of considerable unaccounted cash and other valuables during the course of survey under section 133A of the Income Tax Act, 1961, Investigation Directorate concerned was not informed to consider appropriate action as per the provisions of section 132 of the Act....

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Checklist for DPT 3

Checklist for DPT 3 so that the same is easily available to get the required details from the Finance Team. Checklist for DPT 3 contains the following detail format- -Net Worth as per the latest audited balance sheet preceding the date of the return as on 31.03.2020 -Particulars of charge as on 31.03.2020 -Particulars of […]...

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No Service Tax on deputation of employees from a group company in Japan to Appellant in India

Mikuni India Pvt. Limited Vs Commissioner of Central Goods and Service Tax, Customs & Central Excise (CESTAT Delhi)

Mikuni India Pvt. Limited Vs Commissioner of Central Goods and (CESTAT Delhi) It is not in dispute that the issue involved in this appeal is similar to the issues involved in the appeal that came up for decision before the Division Bench of the Tribunal in M/s India Yamaha Motor Private Limited. The Division Bench […]...

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