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MahaRera orders Builder to refund money for late possession

October 13, 2020 20166 Views 0 comment Print

Vrajesh Hirjee Vs Skyline Construction Co. (RNA Exotica) (Maharashtra RERA) The respondents have mentioned various reasons in their reply which caused delay in completing the project. Even if it is taken for granted that they are the genuine reasons which are beyond the control of the respondents, the respondents cannot claim the extension of more […]

LTC for Central Government Employees during Block 2018-21

October 12, 2020 128496 Views 22 comments Print

It has been decided that cash equivalent of LTC, comprising Leave Encashment and LTC fare of the entitled LTC may be paid by way of reimbursement, if an employee opts for this in lieu of one LTC in the Block of 2018-21 subject to the following conditions:-

CBIC clarifies CGST ITC Rule 36(4) for Feb, 2020 to Aug, 2020

October 9, 2020 40260 Views 2 comments Print

Condition made under sub-rule (4) of rule 36 of the CGST Rules shall apply cumulatively for the tax period February, March, April, May, June, July and August, 2020 and that the return in FORM GSTR-3B for the tax period September, 2020 shall be furnished with the cumulative adjustment of input tax credit for the said months.

EDPMS Module for Caution/De-caution Listing of Exporters – Review

October 9, 2020 1992 Views 0 comment Print

Under the revised procedure, an exporter would be caution-listed by the Reserve Bank based on the recommendations of the AD bank concerned, depending upon the exporters track record with the AD bank and investigative agencies.

Benchmarking of cost to cost reimbursement of expenses was not within TPO jurisdiction

October 9, 2020 2106 Views 0 comment Print

Benchmarking of cost to cost reimbursement of expenses was not within the jurisdiction of the TPO while computing the arm’s length price of the international transaction u/s 92CA of the Act.

Why Accounts Professionals Should Never Ignore Fitness

October 7, 2020 2109 Views 0 comment Print

Feeling Stressed, Anxious or Overworked Within Your Workspace? If So, Fitness is Your Answer! Did you know that only one in three adults achieve the recommended amount of physical activity each week, and more than 80% of adults do not meet the recommended guidelines for both aerobic or muscle-strengthening activities? Within our daily lives which […]

Directorate General of Audit as a Nodal Directorate for Customs Post Clearance Audit

October 6, 2020 606 Views 0 comment Print

Instruction No. 18/2020-Customs F. No. 715/03/2020- Cus(AS) Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes & Customs) ***** 5th Floor, nude° Vishala Building, Bhikaji Cama Place, New Delhi, the 06th Oct, 2020   To, All Principal Chief/Chief Commissioners of Customs/Customs (Preventive), All Principal Chief/Chief Commissioners of Customs and Central […]

Madras HC permits re-submission of Form GSTR-3B

October 6, 2020 24834 Views 0 comment Print

Sun Dye Chem Vs Assistant Commissioner (ST) (Madras High Court) A registered person who files a return under Section 39(1) involving intra-State outward supply is to indicate the collection of taxes customer-wise in monthly return in Form GSTR-1 and the details of tax payment therein are auto populated in Form GSTR -2-A of the buyers. […]

Central Govt constitutes Monetary Policy Committee of RBI

October 5, 2020 393 Views 0 comment Print

In exercise of powers conferred by section 45ZB of the Reserve Bank of India Act, 1934, Central Government constitutes Monetary Policy Committee of RBI

CBIC appoints common adjudicating authority- N/No. 02/2020-CE (N.T.)

October 5, 2020 2238 Views 0 comment Print

Notification No. 02/2020-Central Excise (N.T.) Central Board of Indirect Taxes and Customs, appoints the officer specified in column (2) of the table below to act as a common adjudicating authority and invests him with all the powers of Central Excise Officers specified in column (3) of the said table to be exercised for such purposes as specified in column (4) of the said table respectively.

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