"19 November 2020" Archive

Section 142(1) obliges SCN under GST to be uploaded on website: HC

Ram Prasad Sharma Vs. Chief Commissioner and another (Madhya Pradesh High Court)

Ram Prasad Sharma Vs. Chief Commissioner and another (Madhya Pradesh High Court) petitioner has drawn the attention of this Court to the provision of Rule 142(1) of CGST Act to contend that the said provision statutarily obliges the revenue department to communicate show-cause notice/order by uploading the same on the website of revenue s...

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SOPs for Faceless Income Tax Assessment Scheme, 2019

F. No. Pr.CCIT(NeAC)/2019-20/343 and F. No. Pr. CCIT/NeAC/SOP/2020-21 19/11/2020

SOPs for AU, VU, TU and RU approved by CBDT for implementation of Faceless Income Tax Assessment Scheme, 2019 (FAS-2019). The same may be disseminated among the Units under your region for compliance by all of them....

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Notification No. 61/2020-Customs (N.T./CAA/DRI), Dated: 19.11.2020

Notification No. 61/2020-Customs (N.T./CAA/DRI) [S.O. 4178(E).] 19/11/2020

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (Directorate of Revenue Intelligence) Notification No. 61/2020-Customs (N.T./CAA/DRI) New Delhi, the 19th November, 2020 S.O. 4178(E).—In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June 2015...

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Reforms Needed To Expand Tax Net

Tax-to-GDP ratio represents the size of a country’s tax kitty relative to its GDP. It indicates the size of the government’s tax revenue expressed as a percentage of the GDP. A higher tax to GDP ratio means that the government is able to cast its fiscal net wide. It reduces a government’s dependence on borrowings [&helli...

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Initiatives & Interventions of MSME Ministry to tackle COVID-19

Technology based Initiatives & Interventions of MSME Ministry to tackle COVID-19 challenge leads to Effective response to Prime Minister’s call of Atmanirbhar Bharat & Make in India The Step Results in lowering the cost of Medical items including Hand Sanitizer; It leads to reducing imports and making exports possible of several C...

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DGGI arrests Nashik builder for availing fraudulent ITC under GST

Release ID: 1673994 19/11/2020

The officials of DGGI, Nashik Regional Unit of DGGI, Nagpur Zonal Unit arrested a prominent builder of Nashik in an ongoing investigation regarding availment of fraudulent Input Tax Credit on fake invoices....

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ICAI announces dates for Jan/Feb 2021 Examination

In continuation of Announcement dated 7th November 2020, it is informed that January/February 2021 examination will commence from 21st January 2021 in all cities where exam are currently scheduled for November 2020 Examination. Further details related to schedule of examination and admit card will be intimated soon after the last date of ...

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Compensation for Quarantine Centers – GST implications

The Central and State Governments have been continuously taking preventive measures in its mission to contain the spread of novel Corona Virus (COVID-19). Several important measures have been adopted to fight with COVID-19 and self-quarantine appeared to be one of the best solutions among others. In its endeavor to save its citizens from ...

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DGGI Refused to Grant Bail to Person Accused of GST Evasion

Satender Kumar Singla Vs. Directorate General GST Intelligence (DGGI) (Rohtak Court)

Present petition is filed to seek bail to the person accused of establishing bogus firms & issuing only invoices without actual supply....

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If Procedure for delivery of SCN not followed it Tantamount to Violation of Principles of Natural Justice

Ram Prasad Sharma Vs. Chief Commissioner And Another (Madhya Pradesh High Court)

Ram Prasad Sharma Vs. Chief Commissioner And Another (Madhya Pradesh High Court) Rule 142 of CGST Act reveals that the only mode prescribed for communicating the show-cause notice/order is by way of uploading the same on website of the revenue. The State in its reply has provided no material to show that show-cause notice/order No.10 [&he...

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