GST Department has made it’s stand crystal clear that a tax payer has to strictly comply with provisions of Section 16(2)(c) of CGST Act, 2017 and GST Portal itself will ensure that such ITC is reflected as ITC not available to tax payers.
I have received suggestions to prepare an article on ‘Audit conduct by the GST Department’ under Section 65 of CGST Act,2017. I have covered the following topics on Audit conducted by GST officer under Section 65 of CGST Act,2017 for your easy reference and prepare records to be submitted to the GST audit officer to […]
Kesoram Industries Ltd. Vs Assistant Commissioner of Central GST & Central Excise (Andhra Pradesh High Court) The Writ Petition was filed to get relief of levy of interest on late payment. Section 107 of the Act clearly provides an efficacious alternative remedy to the petitioner to approach the appellate authority. It is, indeed, a settled […]
There are situations when the family needs emergency funds. If invested at the right time in life insurance, it could provide benefit at a later stage of life. Financial security is something that is a must to ensure so that family can meet the financial requirement. Individuals often opt for insurance so that they can protect their families from financial worries in their absence.
n a historic turn of events, December 1971 marked a pivotal moment in the United Arab Emirates’ journey towards unity. At that time, the UAE transformed into a federation comprising six emirates: Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al-Quwain, and Fujairah. The unity and shared vision of these emirates paved the way for a brighter […]
Section 8 companies are those companies which are incorporated with an objective to promote arts, commerce, education, charity, environment protection, sports, welfare, medicines, etc. The income of the company or money raised by doing events, receiving donations cannot be used for paying out dividends among the members of the company. The money raised should be […]
It is hereby instructed to all concerned that in cases of multiple requests made for change in CFS for particular bill of lading /consignments, the latest request for change of CFS shall be taken as final request.
Notification No. 61/2021-Customs (ADD) Seeks to rescind Notification No. 06/2016-Customs(ADD) levying ADD on Phenol originating and imported from European Union, Singapore and Korea RP. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 20th October, 2021 Notification No. 61/2021-Customs (ADD) G.S.R.748(E).—In exercise of the powers conferred by sub-sections (1) and (5) of section 9A […]
RBI had, by an order dated October 01, 2021, imposed a monetary penalty of ₹1 crore (Rupees one crore only) on Paytm Payments Bank Limited (PPBL), for an offence committed of the nature referred to in Section 26 (2) of Payment and Settlement Systems Act, 2007 (PSS Act).
Multipurpose Empanelment Form (MEF) is now hosted at MEFICAI website. Members can fill up the application form directly on the MEFICAI website itself and Submit it. Members can view the Application and can edit the Application in different stages. However after submission of the application form members will not be able to edit the application, They […]
