"09 November 2020" Archive

Govt to regulate Netflix, Amazon Prime & other OTT platforms

Notification No. S.O. 4040(E) 09/11/2020

Central government has brought Over The Top (OTT) platforms, or video streaming service providers such as Netflix, Amazon Prime, Hotstar ALt Balaji and others, under the Piurview of the Ministry of Information and Broadcasting by issuing Government of India (Allocation of Business) Three Hundred and Fifty Seventh Amendment Rules, 2020. CA...

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MCA permits documents due for filing till 30.11.2020 under LLP Settlement Scheme

General Circular No. 37/2020 09/11/2020

Timeline for filing of belated documents has been extended upto 30th November, 2020 due to Extension of LLP Settlement Scheme, 2020. General Circular No. 37/2020– MCA permits Any ‘defaulting LLP’ to tile belated documents, which were due for filing till 30th November, 2020 in accordance with the provisions of LLP Settlem...

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Requirement of holding valid AFA also applies to IPs undertaking voluntary liquidation process under IBC

Order No. IBBI/DC/40/2020   09/11/2020

In the present matter, it is observed that, Mr. Dua had mentioned the acceptance of assignment of voluntary liquidation in matter of I V Share and Stock Brokers Ltd before 31.12.2020 however, the documents were not signed until February by one of the key directors. Mr. Dua had given his written consent to act as […]...

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GST liability due to change in tax regime to GST regime- HC asks petitioner to make representation before Govt

PV Constructions Vs The Executive Engineer (Orissa High Court)

PV Constructions Vs The Executive Engineer (Orissa High Court) The main issue involved in such matters is that the difficulty faced by the contractors due to change in the regime regarding works contract under GST. The grievance of the petitioner is that in view of the introduction of the GST, petitioner is required to pay […]...

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Standard Operating Procedure for Processing FDI Proposals

F. No. 1/8/2016-FDI Policy 09/11/2020

Upon receipt of the FDI application, the concerned Administrative Ministry/Department shall process the application as per the Standard Operating Procedure (SOP). If the online filing of application is with digital signature by authorised signatory, physical submission of the copy is not required. For applications without digital signatur...

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Annual Aggregate Turnover Computation Methodology under GST

Annual Aggregate Turnover Computation Methodology-Article explains Calculation of Number of GSTR- 3B eligible or liable to filed, Calculation of Number of CMP-08 eligible or liable to be filed, Extracted GSTIN-wise Number of GSTR- 3B filed and Turnover declared in GSTR-3B, Extracted GSTIN- wise Number of CMP-08 filed and Outward supply de...

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Posted Under: Corporate Law |

E-Invoicing – The  Recipient’s  Perspective

1. The Government vides notification no. 61 /2020 CT- dated 30.07.2020 notified that a registered person with an aggregate turnover in a financial year exceeds rupees 500 corers is liable to generate e-invoice. 2. For e-invoice generation, notified suppliers to get their documents registered on the Government designated system i.e. Invoic...

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Posted Under: Corporate Law |

E-way bills in breif with latest Updates

1. What is an e-Way Bill? Electronic Waybill for movement of goods, A GST registered person cannot transport the goods from one state to another state without generation of e-Way bill. which required to generate from ewaybillgst.gov.in. portal. E-Way bill can also be generate / cancelled through SMS, Android App and by site-to-site integr...

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Posted Under: Corporate Law |

Draft of Public Charitable Trust Deed

Draft of Public Charitable Trust Deed THIS INDENTURE made at _____ this ——- day of ———– 1990 BETWEEN __________ called ‘the Settlor’ (which expression shall unless it be repugnant to the context or meaning thereof be deemed to include his heirs, executors or administrator) of the One Part AN...

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Posted Under: Corporate Law |

Weekly newsletter from Chairman, CBIC dated 09/11/2020

D.O. No. 40/CH(IC)/2020 09/11/2020

The DGHRD is in the process of developing a utility for monitoring progress of infrastructure projects. While such a mechanism is being put in place, concerned formations should take care to ensure timely submission of the proposals...

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