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Archive: 06 November 2020

Posts in 06 November 2020

No IGST (on import) is payable on DTA supplies by EOU

November 6, 2020 21375 Views 3 comments Print

As per the Foreign Trade Policy 2015-20 (FTP), the 100% Export Oriented Units (EOU) are exempted from payment of duty of customs leviable thereon under the First Schedule to the Customs Tariff Act, 1975 and additional duty leviable under section 3 of the Customs Tariff Act, 1975. The exemption from custom duty and additional custom […]

MEF 2020-21 extended till 10th November 2020

November 6, 2020 552 Views 0 comment Print

It has been decided to extend the last date for filling the Multipurpose Empanelment Form for the year 2020-21 for further 4 days, i.e., till 10th November 2020, Tuesday to mitigate the difficulties being faced by the firms in uploading of necessary data.

No section 68 Addition in Absence of Primary & Independent Enquiry by AO

November 6, 2020 1611 Views 0 comment Print

The issue under consideration is whether the addition made u/s 68 for assessee helped various beneficiaries in providing accommodation entries in relation to capital and expenses is justified in law?

No Privacy right violation when matter already in Public Domain- HC allows release of Telugu film ‘Murder’

November 6, 2020 1062 Views 0 comment Print

Ramgopal Varma and Another Vs Perumalla Amrutha (Telangana High Court) No doubt a person undoubtedly has a right to privacy in relation to her family, marriage, procreation, motherhood and child-bearing and none can publish anything concerned with these matters without his/her consent. Yet, there is an exception to the said rule i.e., that any publication […]

Employee Who Retired on 31st not eligible to Increment due on 1st of Next Month

November 6, 2020 16740 Views 0 comment Print

Hari Prakash Vs State of Himachal Pradesh & Ors. (Himachal Pradesh High Court) The petitioner, a Junior Basic Teacher, with 01.03.1958 as his date of birth was due for superannuation on 29.02.2016. The date of his annual increment was 1st March of every year. He being a State awardee was granted an extension of one […]

Scope of first appeal under GST act

November 6, 2020 18711 Views 0 comment Print

It is provided in section 107 (1) that any aggrieved person by decision or order passed under the act by adjudicating authority may file appeal to the Appellate Authorities prescribed in the act. Similarly, as per section 107 (2) of the act authorised officer, on direction of Commissioner may make an application to such Appellate Authority, in case order is prejudicial to the interest of revenue.

You will receive notice from GST department if there is mismatch in your returns

November 6, 2020 25020 Views 1 comment Print

You know that 3 years have passed since the enactment of GST laws, but many mistakes are still being committed by GST tax payers while filing GST returns particularly GSTR-3B and GSTR-1 due to negligence, oversight or due to lack of conceptual clarity on various provisions of the GST Acts and Rules. This problem of making […]

Guidelines for issue of Units by an Unlisted Infrastructure Investment Trust (InvIT)

November 6, 2020 1194 Views 0 comment Print

1. Relevant Circular – SEBI Circular SEBI/HO/DDHS/DDHS/CIR/P/2020/223 2. Relevant Date – 4th November 2020 3. Relevant Chapter – Chapter VIA 4. Relevant Regulation SEBI (Infrastructure Investment Trusts) Regulations, 2014 5. Purpose of the Circular –  To enable Unlisted InvITs to raise further funds through right issue of units. Conditions for issuance 6. Board Resolution A […]

Place of supply of services | Section 13(1) to 13(13) | IGST Act, 2017

November 6, 2020 179079 Views 9 comments Print

How to determine place of supply in various supply of services as per Section 13(1) to 13(13) under IGST Law, 2017 Dear Colleagues, Greetings of the day. Today I’m going to discuss about “How to determine place of supply in various supply of services under GST” under Sec.13 of IGST Act, 2017. Effective from 01.07.2017 […]

Procedure for Registration of Partnership firm in Andhra Pradesh

November 6, 2020 19908 Views 4 comments Print

(I) Procedure to Form a New Partnership Firm:- Rules Prescribed in the Indian Partnership Act, 1932:- Under Section 58 of the Act, a firm may be registered at any time (not merely at the time of its formation but subsequently also) by filing an application with the Registrar of Firms (the District Registrar, Registration and […]

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