Notification No. 75/2019–Central Tax Dated: 26th December, 2019 Blocking of E-way Bills for non-furnishing of GSTR-1 With effect from the 11th January, 2020, in rule 138E, after clause (b), the following clause shall be inserted, namely:- “(c) being a person other than a person specified in clause (a), has not furnished the statement of outward […]
Find out how to respond to outstanding income tax demands under Section 143(1). Learn the steps for online payment and dispute resolution.
The Draft Bank Branch Auditors’ Panel of Chartered Accountants/firms for the year 2019-20 is available till 2nd Jan, 2020 at www.meficai.org. We wish to inform that we are receiving the issues from the MEF Applicants mainly arising due to technological upgradation of ICAI data and are being looked into. After due verification, these issues would be […]
Shell company’ has neither been defined in the Companies Act, 1956 nor in the Companies Act, 2013. In Assam Co. India Ltd. Vs. Union of India, the Gauhati High Court has noted that there is no statutory definition of shell company, whether fiscal statutes or penal statutes. The High Court has attempted to define ‘shell […]
ITO Vs Sejal Gopalbhai Shah (ITAT Ahmedabad) The issue under consideration is whether capital gain will be taxed in the hands of general power of attorney holder with respect to land sold? ITAT states that, the assessee was just general Power of Attorney holder with respect to the lands in dispute. This fact has not […]
Rate of interest on various National Small Savings Schemes for the fourth quarter of financial year 2019-20 ( starting from 1st January ,2020 and ending on 31st March, 2020) shall remain unchanged from those notified for the third quarter of Financial Year 2019-20 (01st October 2019 to 31st December,2019).
To achieve the GDP of $5 trillion by 2024-25, India needs to spend about $1.4 trillion (Rs. 100 lakh crore) over these years on infrastructure. In the past decade (FY 2008-17), India invested about $1.1 trillion on infrastructure.
Ministry of Labour and Employment denies the media reports published in some newspapers today that the applicability threshold has been brought down from present establishment with 20 or more employees to 10 or more employees for the purpose of application of Employees Provident Fund and Miscellaneous Provisions Act 1952 (EPF & MP Act).
Notification No. 9/2019-Central Excise- Seeks to amend notification No. 11/2017-Central Excise dated 30-06-2017, so as to align it with amended Fourth Schedule to Central Excise Act. MINISTRY OF FINANCE (Department of Revenue) Notification No. 9/2019-Central Excise New Delhi, the 31st December, 2019 G.S.R. 980(E).-In exercise of the powers conferred by sub-section (1) of section 5A […]
CBIC amends Fourth Schedule to the Central Excise Act 1944 vide Notification No. 08/2019-Central Excise (T.) dated 1st December, 2019 to substitute tariff items 2710 12 11 to 2710 12 90, sub-heading 2710 19 and tariff items 2710 19 10 to 2710 20 00 and the entries relating thereto and add a new SUPPLEMENTARY NOTES […]
