e-Invoicing under India GST is proposed to applicable from 1st October,2020. Index Of Discussion topics > What is an e-Invoice > Applicability of e-invoice compliance > Time limit for reporting invoice > Current transaction flow > New transaction flow > Process of issuing e-invoice > e-invoice Cancellation process > ERP Integration flow What is an […]
One revisits good schemes introduced some time back and forgotten due to a sudden change of fortune in the economy, temporarily. Let me enthuse you with some gems under the aegis of NSE, a world-famous investment platform to benefit all investment-related stakeholders. Let me introduce you to NSE – Emerge which is a credible and […]
RBI’s clear directions on implementing cKYC for new clients Last month my article on the subject ‘cKYC mechanism becomes a mockery & wastage of country’s resources‘, was published on your popular website. The link is given below for those who wish to read it. https://taxguru.in/finance/ckyc-mechanism-become-mockery-wastage-countrys-resources.html To ensure the success cKYC the mechanism I had suggested […]
Notification No. 91/2020-CUSTOMS (N.T.) dated 24th September, 2020 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 91/2020-CUSTOMS (N.T.) New Delhi, 24th September, 2020 2 Asvina, 1942 […]
The Central Bureau of Investigation has arrested two Superintendents and one Inspector, all working in the office of Commissioner, Central Goods & Service Tax, Central Excise, Belgaum(Karnataka) in an alleged bribery case of Rs. Five Lakh.
Due date for filing of returns for all the taxpayers for A.Y. 2020-21 be extended to 31st March, 2021 and the due date for filing the tax audit report also be extended to 28th February, 2021. Consequently, the timeline for filing all the reports and certificates under the Act which fall due alongwith or in connection with the ITR filing due dates may also be extended to 31st March, 2021.
The provisions of section 206C(9) of the Act may be suitably amended to allow persons covered under section 206C(1H) of the Act to apply to the assessing officer for Nil/ Lower Tax collection at source certificate.
Case : Bangalore water supply v/s A. Rajappa & Others Appellant : Bangalore water supply Respondent : A. Rajappa & Others Ref : AIR 1978 SC 553 Subject : Case is based on section 2(j) of Industrial Dispute Act 1947 – Definition Of Industry. Facts : A. Rajappa – employee of Bangalore water supply & […]
This article is penned down to enlighten the implications in respect of capital goods that are lost, stolen, destroyed or disposed by way of gift and sale of capital goods under Goods and Services Tax Act, 2017. Page Contents ♦ Meaning of Capital Goods ♦ Meaning of Supply in context to “Transfer/Disposal of Capital Goods” […]
Students at all levels may please note that the Institute on account of cancellation and merging of May 2020 examination with November, 2020 examination due to Covid-19 pandemic as a one-time measure has granted upto one year extension in the validity period of registration at all levels.
