MCA amends FORM NO. SH-7 – Notice to Registrar of any alteration of share capital vide Notification No. G.S.R. 794(E) dated 24.12.2020 and Companies (Share Capital and Debentures) Second Amendment Rules, 2020. Form is notified Pursuant to section 64(1) of the Companies Act, 2013 and pursuant to rule 15 of the Companies (Share Capital and […]
The Tax Bar Association, Odisha has made a prayer for extension of due dates for filing of Audit Reports, ITRs, GST Returns & Audit, Vivad Se Viswas (VSV) Scheme and other Compliances under the Direct and Indirect Tax Acts to Smt Nirmala Sitaraman, Hon,ble Finance Minister, Govt of India. THE TAX BAR ASSOCIATION BERHAMPUR, DIST-GANJAM, […]
Rule 36(4), i.e. the ITC matching and claim based on vendor GSTR filings is one such insertion into the law which is creating more harm than good. In this article, we have analysed the impact, practical suggestions, and also touched upon the validity of Rule 36(4) in GST law.
Union of India Vs U.A.E. Exchange Centre (Supreme Court) Respondent was not carrying on any business activity in India as such, but only dispensing with the remittances by downloading information from the main server of respondent in UAE and printing cheques/drafts drawn on the banks in India as per the instructions given by the NRI […]
Trade has been witnessing numerous show-cause notices being issued to them of late, under Section 73(1) of the Central Goods and Services Tax Act, 2017 read with Rule 121 of the Central Goods and Services Tax Rules, 2017, for recovery of alleged claim and availing of TRAN-1 credit. Though there may be numerous reasons for […]
Certain notifications have been issued by the CBIC yesterday night on certain critical aspects. A brief summary of them all is as below: Notification No. 92/2020 – Central Tax: Following sections of the Finance Act, 2020 have been brought into effect from 01.01.2021 through this notification: Sec 119 – Amending Sec 10 of the CGST […]
A new sub-rule 4A under Rule 8 has been substituted which stated that every application made under Rule 4 shall be followed by biometric-based Aadhaar authentication and taking photograph along with taking biometric information, photograph and verification of such other KYC documents, as notified, unless the applicant is exempted under sub-section (6D) of section 25, if he has opted not to get Aadhaar authentication done.
SIP considered as the path to invest in the market for small investors who fear to invest directly in stocks can invest in mutual funds through SIP thus minimizing the risk. SIP investment do not require a large corpus rather it can be started with minimum amount of Rs 500 (Rs 100 in some cases). […]
Govt Introduced new Rule 86B restricting the use of Input Tax Credit (ITC) for discharging the output liability [Notification No 94/2020-CT dated 22.12.2020] The rule is effective from 1st January 2021 Applicability of Rule This rule is applicable to the registered person whose value of taxable supply other than exempt supply and export, in a […]
नरेन्द्र : हर्षद ये GST क्या हे ? हर्षद : GST एक दलदल हे जिसमे भारत के छोटे और मध्यम वेपारी फसते ही जायँगे. नरेन्द्र : में वेपार की बात लेकर सीरियस हु और GST लेना हे. हर्षद : GST में बहोत बड़ा रिस्क हे, इश्क़ तो दूर दूर तक नहीं हे. नरेन्द्र : तो […]
