"Practicing Cost Accountant since 2003 at Chandigarh"
Section 74A replaces GST Sections 73 and 74, streamlining notices, penalties, and compliance for fraud and non-fraud cases. Key changes effective FY 2024–25.
Madras HC upholds deemed pendency of settlement applications before March 31, 2021, under Clause [iv] of S.245A, affirming Single Judge’s ruling.
THE FINANCE ACT, 2020 (NO. 12 OF 2020) There are sixteen sections of CGST Act, 2017 got amended through Finance Act, 2020 and the same have been enacted by different notifications from different dates. Section 118 to Section 133 under Chapter-IV of said Act, deal with the amended provisions of Central Goods and Service Tax […]
1. Finance (No. 2) Act, 2019 (23 of 2019)- (Part 2/3) Government enacted the Finance (No. 2) Act, 2019 wef 01.08.2019. Section 92 to Section 112 under Chapter-IV of said Act, deal with the provisions of Central Goods and Service TAX (CGST) Act. Out of 21 sections which have been amended through Finance (No. 2) […]
Since the Goods and Service Tax Acts have been introduced in the country, there have been many amendments in GST Acts itself through Annual Finance Acts. In this write up, we have compiled the various sections of CGST and IGST Acts, amended through different Finance Acts and have been passed in Parliament but have not […]
Since GST has been introduced in the country, we have seen number of amendments some of them from retrospective effect. Some of the provisions in GST Acts, are practically not possible to implement and has raised hue and cry. Many have been challenged in court of law.
Covid-19 has imbalanced the whole world emotionally, socially as well as economically. Impact is so deep that it will take years together to fulfill the gap. Economically or socially we may get some relief but emotionally we will not. Whole health system of developed or under developed countries collapsed and millions of people died in […]
Due to Corona virus (Covid-19) GOI has announced 1.76 lakh Cr relief package for poor section of the society so that at least they can have their food without much problems. Good and timely in initiative. Similarly, because of COVID-19 Industry also need such package for their losses. But considering the overall market scenario, we […]
GST in India is known for extensions. Since 2001 when the than government talked about its implementation, it has story of date extensions and it’s implementation got extended many times. Similarly, after its introduction w.e.f 1st July, 2017 extensions of dates for different provisions continued and at many times things failed to happen. First ever […]
As GST was IT driven indirect tax system, it thrown many challenges for IT professionals and policy makers also. It has affected almost every business transaction may be supply of goods, services, purchases, sponsorship, donations, charity and even non-business transactions to the extent. One of such transactions is Corporate Social Responsibility (CSR).
