"September, 2020" Archive - Page 30

TDS on property purchased from Non Resident

Any person purchasing the property in India is required to comply with the Tax Deduction at Source (TDS) provisions. However, the TDS rate and provision is different if the property is purchased from Resident vis a vis purchased from Non Resident. Property Purchased from Resident: TDS provisions are simple if the property is purchase...

Read More
Posted Under: Income Tax |

Setting up of RFAC under Faceless Appellate Scheme, 2020

Office Order -02 25/09/2020

OFFICE ORDER - 2 Subject: Setting up of RFAC under Faceless Appellate Scheme, 2020- reg- In pursuance of para 4 of S.O. 3296 (E) Notification No. 76/2020/F.No. 370142/33/2020-TPL, dated the 25th September, 2020 notifying the Faceless Appeal Scheme, 2020 and powers conferred under section 250 (6B) of the Income-tax Act, 1961, the Centra...

Read More

Setting up of NFAC under “Faceless Appellate Scheme, 2020

Officer Order No. 01 25/09/2020

OFFICE ORDER - 1 Subject: Setting up of NFAC under "Faceless Appellate Scheme,  2020"- reg In pursuance of para 4 of S.O. 3296 Notification No 76/2020/F.No 370142/33/2020-TPL,dated the 25th September, 2020, notifying the Faceless Appeal Scheme, 2020 and powers conferred under section 250 (6B) of the Income-tax Act, 1961, the Centra...

Read More

Can ROC deactivate DIN for Section 164(2) disqualification?

Whether ROC has power to deactivate DIN of any person on incurred the disqualification under Section 164(2) of the Companies Act, 2013? Whether, the Director Identification Number (DIN) and Digital Signature Certificate (DSC) of directors that have incurred the disqualification under Section 164(2) of the Companies Act, 2013 can be cancel...

Read More
Posted Under: Income Tax |

Recent Updates in GST till 24th September 2020

E-invoicing is going to commence from 1st October, 2020 but now various industry bodies including MNC’s have sought its deferment at least till January, 2021 for want of proper preparedness , i.e. to develop requisites technical capabilities and festive season ahead....

Read More
Posted Under: Income Tax |

Display Date of Manufacturing & Best Before Date in case of Sweets -Reg

F. No. 13 (29) 2019/Milk/RCD/FSSAI 25/09/2020

The FBOs shall decide and display the Best Before Date of sweets depending upon the nature of the product and the local conditions. An indicative list of shell life of various types of sweets is given in the Guidance Note on Safety of Traditional Milk Products which is available on FSSAI website....

Read More

HC quashes order passed during Lokdown in breach of principles of natural justice

Gobind Enterprises Through Gurjinder Singh Vs State of Gujarat (Gujarat High Court)

Gobind Enterprises Through Gurjinder Singh Vs State of Gujarat (Gujarat High Court) At the outset, it is contended by the petitioner that order is passed on 27.3.2020, when the whole nation was under lock down due to Covid19 and order is served upon the petitioner on 17.6.2020 and therefore, there was no effective hearing and […]...

Read More

Valuation Under GST – Section 15 – CGST Act, 2017

Introduction In case of GST, tax is payable on ad-valorem basis i.e., percentage of value of the supply of goods or services. Thus, it becomes important to know how to arrive at the value on which tax is to be paid. Section 15 of the CGST Act prescribes the provisions for determining the value of […]...

Read More
Posted Under: Income Tax |

Role of Payment of consideration in availment of ITC under GST

Role of Payment of consideration in availment of Input tax credit (ITC) under GST Objective and scope: – 1. whether the consideration for any supply can be paid by any other person other than the recipient? 2.If consideration is paid by 3rd party i.e. someone else then whether credit\exemption is available to recipient though there ...

Read More
Posted Under: Income Tax |

Unveiling the GST Registration Free of Cost Process

Goods and Service Tax (GST)!! Currently this word brings happiness on the face of Government because of good centralised collection of the taxes and on the other hand this brings tension on the face of the tax payers because of lots of monthly compliances, professional fees, etc etc. If in such scenario someone comes and […]...

Read More
Posted Under: Income Tax |

Search Posts by Date

June 2021
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930