Genus Power Infrastructure Ltd. Vs Central Goods and Service Tax (Rajasthan High Court) In the present facts and circumstances, the writ petition filed by the petitioner deserves to be dismissed for the reasons; firstly the matter is at the stage of show cause notice and opportunity of filing reply and personal hearing is still available […]
Pursuant to the report of the Committee on Fair Market Conduct (‘Committee’), set up inter-alia to recommend appropriate Institutional Mechanism to ensure accountability of the management / designated persons in case of negligence / failure, necessary changes have been carried out in SEBI (Prohibition of Insider Trading) Regulations, 2015 (herein after referred as ‘PIT Regulations’).
Engineering Analysis Centre of Excellence Private Limited Vs CIT (Supreme Court of India); Civil Appeal Nos. 8733-8734 of 2018; Dated: 02/03/2021 Issues Involved : 1. The amounts paid by the residents in India to non-resident, foreign software suppliers; amounts to royalty, there by necessitating withholding of taxes under section 195 of Income Tax Act. 2. […]
Annual Return is a form where any assessee is required to fill it with department annually but assessee has also given chances to correct the output tax liability and input tax through filing of form annual return GSTR-9. Annual Return GSTR-9 is not sufficient if we have filled and reversed the INPUT Tax and shown […]
Article explains GST Compliances Related Tasks for FY 2020-21, ITC Related Tasks for FY 2020-21, GST Reconciliations Related Tasks for FY 2020-21 & GST Law Related Year ending Task for FY 2020-21.
Every weight or measure used or intended to be used in any transaction or for protection of living beings or things in clause (k) of section 2 shall be verified and stamped by the legal metrology officer of the State of manufacture or import or at the place of installation as specified in clause (iv) of sub-rule (5) and be re-verified and stamped at periodical intervals by the legal metrology officer in the State in which such weight or measure is put to use
Sanjiv Ahuja Vs ITO (International Taxation) (ITAT Delhi) Deduction u/s 54 is restricted to only one residential house by the Finance Act 2014 is prospective in nature and is effective from assessment year 2015-16 and not retrospective in nature and that deduction u/s 54 of the Act in respect of investment made in one residential […]
The Principal Chief Commissioner of Income-tax (International Taxation), hereby makes the following amendments in the Jurisdiction Order No.3/2020 vide F.No. Pr. CCIT(IT)/Delhi/Juris./ Eq. Levy /2020-21/789 dated 22.12.2020, namely:-
Let us discuss the definition of ‘Agent’ in GST. An agent has been defined under sub-section (5) of section 2 of The Central Goods and Services Tax Act, 2017, (herein after referred to as CGST ACT). I reproduce below the said definition for ready reference. “(5) “agent” means a person, including a factor, broker, commission agent, […]
Guidelines have been issued by Ministry of Health and Family Welfare MoH&FW ) for vaccination of eligible citizens. Vaccination is provided free of cost at Government Health Facilities. Vaccination is also available in designated Private Health Facilities, at a rate as specified by the Government of India.
