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President assents Industrial Relations Code, 2020

September 29, 2020 864 Views 0 comment Print

(1) This Act may be called the Industrial Relations Code, 2020. (2) It shall extend to the whole of India. (3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette appoint; and different dates may be appointed for different provisions of this Code and any reference in any such provision to the commencement of this Code shall be construed as a reference to the coming into force of that provision.

Epidemic Diseases (Amendment) Act, 2020

September 29, 2020 3147 Views 0 comment Print

(1) This Act may be called the Epidemic Diseases (Amendment) Act, 2020. (2) It shall be deemed to have come into force on the 22nd day of April, 2020.

Reg. Anti-dumping duty on imports of ‘Hot Rolled Flat Products of Stainless Steel – 304 grade’

September 29, 2020 960 Views 0 comment Print

Case No.- (SSR) 07/2019 Final Findings in Sunset Review investigation concerning anti-dumping duty on imports of ‘Hot Rolled Flat Products of Stainless Steel – 304 grade’ originating in or exported from China PR, Malaysia and Korea RP.

Sunset review Investigation concerning imports of ‘Acetone’

September 29, 2020 702 Views 0 comment Print

Case No. ADD-SSR 03/2019 Sunset review Investigation concerning imports of “Acetone” originating in or exported from the Korea RP, Saudi Arabia and Taiwan.

National Forensic Sciences University Act, 2020

September 28, 2020 1113 Views 0 comment Print

Declaration of National Forensic Sciences University as an institution  of national importance. Whereas the objects of the National Forensic Sciences University are such as to make it an institution of national importance, it is hereby declared that the National University of Forensic Sciences is an institution of national importance.

GST on residential affordable housing project

September 28, 2020 13383 Views 0 comment Print

In re Primarc Projects Pvt Ltd (GST AAR West Bengal) Whether the applicant is eligible for tax concession for its RREP named Akriti being an affordable housing project? The works contract service for the construction of those dwelling units in the project named ‘Akriti’ (WBHIRA Registration No. HIRA/P/PUR/2018/000003) that are affordable residential apartments in terms […]

GST Rule 90(3) treating Rectified Refund Application as fresh, challenged

September 27, 2020 5298 Views 0 comment Print

A refund application under Section 54 of the CGST Act read with Rule 89 and Rule 90(3) of the CGST Rules is automatically treated as rejected and the second refund application is treated as a fresh application and the interest amount is calculated only from the date of the second refund application or subsequent applications which are filed after receiving the deficiency memos.

Roll-back provisions of TCS under section 206C(1H)

September 27, 2020 54846 Views 7 comments Print

Request for roll-back of provisions of Tax Collection at Source (TCS)  under section 206C (1H) of the Income Tax Act, 1961 which is effective from 01.10.2020. As a result of the said amendment, a seller who receives any amount as consideration for sale of any goods of the value or aggregate of such value exceeding fifty lakh rupees in any previous year shall at the time of receipt of such amount collect from the buyer, a sum equal to 0.10% of the sale consideration exceeding fifty lakhs as income tax.

Draft SAE 3410 Assurance Engagements on Greenhouse Gas Statements

September 26, 2020 696 Views 1 comment Print

ED SAE 3410 is being issued in the context of ―Guidance Note on Reports or Certificates for Special Purposes‖, issued by the ICAI, which provides guidance on engagements which require a professional accountant in public practice to issue reports other than those which are issued in audits or reviews of historical financial information.

CBDT authorises ACIT/DCIT (NEAC) for issuing 143(2) Notice

September 25, 2020 1806 Views 0 comment Print

CBDT authorises the Assistant Commissioner/Deputy Commissioner of Income-tax (National e-Assessment Centre) for the purpose of issuance of notice under sub section (2) of section 143 of the Income Act, 1961.vide Notification No. 79/2020-Income Tax dated 25th September, 2020. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 79/2020-Income Tax New Delhi, […]

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