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Archive: September, 2021

Posts in September, 2021

No TDS deductible by Builder on Refundable Amount paid to Home-Buyers: Bombay HC

September 8, 2021 5256 Views 0 comment Print

Sainath Rajkumar Sarode And Others Vs State of Maharashtra And Others (Bombay High Court) Sainath Rajkumar Sarode (Petitioner) has been filed seeking directions for the recovery of arrears due to the Petitioners under a Recovery Warrant dated October 15, 2018 passed by the Maharashtra Real Estate Regulatory Authority against Respondent Nos. 4 to 7. In […]

Dept agreed to process Income Tax refund within 6 weeks after writ before HC

September 8, 2021 2103 Views 0 comment Print

L S Cable and System Ltd. Vs Union of India & Ors. (Delhi High Court) 1. The petition has been heard by way of video conferencing. 2. Present writ petition has been filed seeking a direction to respondent no.2 to issue refund determined vide assessment order dated 29th November, 2019 under Section 143(3) of the […]

Clarification on extended time limit for revocation of cancellation of GST registration

September 8, 2021 4275 Views 0 comment Print

Clarification regarding extension of time limit to apply for revocation of cancellation of registration in view of Notification No. 34/2021-CT dated 29.08.2021 Government has issued Circular No. 158/14/2021-GST dated 06.09.2021 in order to clarify circumstances in which benefit of Notification No.34/2021-CT dated 29.08.2021 would be available Notification No. 34/2021-CT dated 29.08.2021 was issued to extend […]

GST Newsletter for the Month of August, 2021 by GST Council Secretariat

September 8, 2021 1728 Views 0 comment Print

45th GST COUNCIL MEETING TO BE HELD ON 17TH SEPTEMBER 2021 The 45th meeting of the GST Council is scheduled to be held on 17th September 2021 at Lucknow, Uttar Pradesh under the chairpersonship of Hon’ble Finance Minister Smt. Nirmala Sitharaman. The GST council would be holding physical meeting after a gap of 16 months. […]

CBDT allows taxpayers an opportunity to file application for settlement

September 7, 2021 1095 Views 0 comment Print

In order to dispose off the pending settlement applications as on 31.01.2021, the Central Government has constituted Interim Board for Settlement vide Notification no. 91 of 2021 dated 10.08.2021.

GST Implication On Export of Goods & Service

September 7, 2021 11853 Views 0 comment Print

INTRODUCTION:- The aim of Indian government is to increasing the output and quality of export from India in pursuance to the “Make in India” policy. Indian government also provide the many incentives to the exporters which are explain below. WHAT IS EXPORT INCENTIVES:- Export incentives are certain benefits exporters receive from the government as acknowledgement […]

Appointment and Qualification of Directors

September 7, 2021 27936 Views 0 comment Print

A director is a person duly appointed to the Board of a Company, collectively called as Board or Board of Directors. The Board is responsible for the management of affairs of a company. They have the responsibility to act in the best interest of the company. Although, directors act on behalf of the company but […]

GST Appellate Authority revokes cancellation of GSTIN after payment of pre deposit

September 7, 2021 2208 Views 0 comment Print

Sahayta Security Services Pvt Ltd, Vs Asst. Commissioner State Tax &amp (GST Appellate Authority, Himachal Pradesh) GST Appellate Authority revokes cancellation of GSTIN as It is made clear in the section 107 (7) that after amount of pre deposit paid by appellant, recovery proceeding for balance amount shall deemed to be stayed. Issue involved: Revocation […]

Income Tax Audit – Section 44AB – Applicability, Penalty & Due Date

September 7, 2021 9825 Views 1 comment Print

What is an income tax audit under section 44AB? In India, various laws govern different types of audits like statutory audit, stock audit, cost audit. The core purpose of these audits is to ensure that the books of accounts are free from any error mentioned in the particular law. Similarly, Income Tax Act provides for […]

How To Deal With Failure In CS Exam?

September 7, 2021 3015 Views 0 comment Print

Be it CA, CS, or other professional exams; Students experience high levels of stress and anxiety. The situation worsens when, unfortunately, one or more objects or attempts fail. Sometimes, even if you prepare well, the results are unexpectedly bad. This is frustrating for any student and, if not treated fairly, can affect their future performance. […]

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