GM Powertech And Others Vs State of H.P & Others (Himachal Pradesh High Court) The order(s) of assessment made by the assessing authority, and, appertaining to GST levies, stand respectively embodied in Annexure(s) P-6 and P-7. However, the afore orders of assessment of GST, is, assailed through the instant petition. 2. After hearing the learned […]
The DGGI has been spear heading the anti-evasion campaign for almost a month now. During this time, the agency along with the GST Zones have booked about 1230 cases, unearthing 3778 fake GSTINs and arresting about 114 fraudsters. The total amount of fake ITC/GST detected stands at Rs. 11,520 crore of which Rs 336.03 crore has already been recovered.
INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (Disciplinary Committee) No. IBBI/DC/52/2020 7th December, 2020 Order In the matter of Mr. Sarvesh Kashyap, Insolvency Professional (IP) under Regulation 11 of the Insolvency and Bankruptcy Board of India (Insolvency Professional) Regulations, 2016 This Order disposes of the Show Cause Notice (SCN) No. IBBI/IP/MON/2020/26 dated 28th August, 2020 issued […]
Demurrage charges are collected by the shipping line from the foreign vendor in case of delay in unloading the goods beyond a specified period since such delay results in his vessel being detained. If there is a delay in unloading the goods because of the Indian Importer, the Indian Importer will reimburse an amount equal […]
Please find enclosed the detailed VGF Scheme (Annexure — I) and its Guidelines (Annexure — II) to be followed for submitting proposal seeking financial support for Public Private Partnerships in Infrastructure under the Viability Gap Funding Scheme.
Intricacies on TDS payment to Land Owner by Promoter in Joint Development under Section 194IC of Income Tax Act, 1961 Rate of TDS- 10% | Threshold– Any Amount Points to Ponder ♣ There should be Joint Development Agreement (JDA) registered as mentioned U/s. 45(5A). Such agreement is termed as Specified Agreement. ♣ Applicable only in case […]
Key Takeaways from New FAQs issued by CBDT on Vivad se Vishwas Scheme, 2020 The Apex Body CBDT has issued Circular No. 21/2020 dated 4.12.2020 containing FAQ’s & Clarifications on some crucial & vital issues in the Vivad se Vishwas Scheme, 2020. This Circular has been issued in continuation of its earlier Circular No. 9/2020 dated […]
Synopsis of Extension of Due Date for ITC-04 September2020 CBIC released Notification No. 87/2020-Central Tax dated 10th November, 2020 for extension of Due Date for FORM GST ITC-04 for the quarter ending September 2020 (from July, 2020 to September, 2020). Following questions emerge out of this-: ♦ Define principal, job work and job worker? As […]
Senior Citizen Savings Scheme 2019 specifies, an individual who has attained the age of fifty-five years or more but less than sixty years, and who has retired on superannuation or otherwise on the date of opening of an account under this Scheme is eligible to open the Senior Citizen Savings Scheme account.
GST – Applicability of HSN on introduction of GST- Initially when GST was introduced on 01.07.2017, it was made optional to mention on the tax invoice for the different categories of dealer.
