We all are aware that the 45th GST Council meeting was held on 17th September 2021 wherein various recommendations were made regarding revision of GST rates on certain goods / services as well as several changes in procedural and legal aspects. These recommendations will be effective after issue of relevant Notifications. In this article, I […]
Representations have been received citing ambiguity caused in interpretation of the scope of “Intermediary services” in the GST Law. From the perusal of the definition of intermediary under IGST Act as well as under Service Tax law, it is evident that there is broadly no change in the scope of intermediary services in the GST regime vis-à-vis the Service Tax regime, except addition of supply of securities in the definition of intermediary in the GST Law.
1. The Government vides Notification No. 34/2021- Central Tax, dated 29.08.2021 has extended the timelines for filing of an application for revocation of cancelled registration to 30 September 2021 where the due date of filing of such application falls between 01.03.2020 to 31.08.2021. 2. The extension would be applicable only in those cases where registrations […]
Tax Bar Association Bhiwadi humbly request your good self to advise / direct the authorities to consider the above points and extend the Rajashthan Amnesty Scheme 2021 by at least 3 months.
Timely Needed to Study Circumstances of Input Tax Credit- Take, Claim, Utilised, Availed, Wrongly Take or Utilised or, Wrongly Take and Utilised or, Wrongly Availed or Utilised, Wrongly Availed and Utilised Under the Goods And Services Tax Act 2017 IT IS TIMELY NEEDED TO STUDY AND TO DETERMINE THE PROPER SECTION AND STAGE OF APPLICABILITY […]
प्रस्तुत लेख में मैने व्यवसाय के मूल अर्थ और व्यवसाय की मुख्य गतिविधियों पर प्रकाश डालते हुए व्यवसाय करने के जो जरूरी तरीके हैं उनके बारे में एक प्रारंभिक चर्चा की है ।व्यवसाय है तो बातें तो बहुत होगी पर सारी बातों को एक लेख में समेटनासंभव नहीं ।इसीलिए मैंने कुछ जरूरी पहलुओं को ही […]
For junior employees, the provision under para 2(i) of the Alignment Circular shall be implemented in a phased manner i.e. 10% in the 1st year and 15% in the 2nd year of implementation of the Alignment circular. In other words, junior employees shall be required to invest 10% during October 01, 2021 to September 30, 2022 and 15% during October 01, 2022 to September 30, 2023.
All IECs which have not been updated after 01.01.2005 shall be de-activated with effect from 06.10.2021. The list of such IECs may be seen at the given link ( https://www.dgft.gov.in/CP/?opt=dgft-ra )
Section 19 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) (BR Act, 1949 (AACS)) stipulates that no co- operative bank shall hold shares in any other co-operative society except to such extent and subject to such conditions as the Reserve Bank of India (Reserve Bank) may specify in that behalf. However, nothing contained in the section applies to –
