RCI Industries And Technologies Ltd Vs Commissioner DGST Delhi & Ors. (Delhi High Court) If an officer of the Central GST initiates intelligence- based enforcement action against a taxpayer administratively assigned to State GST, the officers of the former would not transfer the said case to their counterparts in the latter department and they would […]
The Commissioner Of Police, Greater Mumbai Issues Orders For Installation Of CCTV Systems In Private Establishments Invoking Section 144 Of Criminal Procedure Code Jan 16, 2021. Full Text of the Order is as follows:- CP/XI (6)/144/(Prohibitory Order)/(01)/2021 THE COMMISSIONER OE POLICE, GREATER MUMBAI ORDER (UNDER SECTION 144 OF CRIMINAL PROCEDURE CODE, 1973) Whereas, it is […]
No. 31011/1/2020-Estt (A.IV) Government of India Ministry of Personnel, Public Grievances and Pensions Department of Personnel and Training (Establishment A-IV Desk) North Block, New Delhi-110001 Dated: 7 January, 2021 OFFICE MEMORANDUM Subject:-Reimbursement of cancellation/reschedule charges for air/train tickets booked for the purpose of LTC and relaxation of LTC advance due to COVID-19 pandemic- relaxation regarding. […]
In the absence of any link between the assessee and the alleged admissions of the directors and brokers, human probability is being used as a vague and convenient medium for the department’s conjectures. No addition can be made on the basis of surmises, suspicion and conjectures. The burden of proving a transaction to be bogus has to be strictly discharged by adducing legal evidences, which would directly prove the fact of bogusness or establish circumstance unerringly and reasonably raising an interference to that effect.
DIRECT TAXES UPDATES Recent circulars/notifications/rules/clarifications/News – Government issues a circular clarifying the requirements for opening of Senior Citizen Savings Scheme Account (Circular no. File No. FS-10/17/2020-FS dated 07.12.2020) – CBDT releases answers to FAQs on Vivad-se-Vishwas scheme (Circular No. 21/2020-Income Tax dated 04.12.2020) – Govt further extends the dates for various compliances such Tax Audit, […]
From 1st January 2021, the Central Board of Indirect Taxes and Customs (CBIC) introducing QRMP scheme under GST to help small taxpayers whose turnover is less than ₹ 5 crore. The QRMP scheme allows the tax payers to file GSTR-3B on a quarterly basis and pay tax every month beginning from January-March,2021 period.
Quarterly Return filing & Monthly Payment of Taxes (QRMP) scheme is been launched by Government for small taxpayers under GST system. In thie article we will discuss the Applicability of this Scheme, Salient Features of QRMP scheme, What Registered Person means for this Scheme, When to Register or Opt for this Scheme, When to file […]
Analysis of Rules under Company Law⇒ ♦ The Companies (Compromise, Arrangements and Amalgamations) Second Amendment Rules, 2020: The Ministry of Corporate Affairs (MCA) has vide notification dated December 17, 2020 notified the Companies (Compromise, Arrangements and Amalgamations) Second Amendment Rules, 2020. The Companies (Compromise, Arrangements and Amalgamations) Second Amendment Rules, 2020 ⇓ With effect from […]
In order to protect the ‘interests of the revenue’ during the ‘pendency of any proceedings’, the Government has the power to provisionally attach the properties of any taxpayer. It is stated that any litigation under GST law might take a considerable amount of time and potentially delay the earning of revenue by the Government. Moreover, […]
CCI Professionals Forum has given a Pre Budget Memorandum to Shri Anurag Singh Thakur, Hon’ble Minister of State for Finance. In Memorandum Suggestions for Budget 2021-22 are made. Budget 2020 is likely to be presented in Parliament on 1st February, 2021. CCI Professionals Forum (A unit of Calcutta Citizens’ Initiative) 3, Ho Chi Minh Sarani, […]
