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Separate GST registration in other State not needed for execution of contract in that state

March 31, 2020 12888 Views 0 comment Print

In the instant case, the applicant intends to supply goods or services or both from their principle place of business, which is located in Rajasthan. The applicant has only one principle place of business, for which registration has been obtained and does not have any other fixed establishment other than the principle place of business, as admitted by the applicant. Therefore the location of the supplier is nothing but the principle place of business which is in Rajasthan. Thus there is no requirement for a separate registration in Karnataka for execution of the contract referred supra.

CBIC staff needs to be vigilant to thwart potential vulnerabilities in international supply chain

March 30, 2020 639 Views 0 comment Print

While making every possible effort to facilitate legitimate trade, our frontline officers and staff need to be vigilant to thwart potential vulnerabilities in the international supply chain for illicit trade including counterfeit medicines, personal protective equipment and related items. as well as other transnational financial crimes.

LLP Settlement Scheme, 2020 a Very Good Opportunity

March 28, 2020 1017 Views 0 comment Print

LLP Settlement Scheme, 2020 is applicable only for Form -3, Form 4, Form 8 and Form 11 under LLP Act. The defaulting LLPs are permitted to file belated documents which were due for filling till October 31, 2019 in accordance with provisions of this scheme.

President Assents Finance Act, 2020

March 27, 2020 62337 Views 0 comment Print

President Assents Finance Act, 2020 on 27th March 2020.  Finance bill 2020 was presented in Lok Sabha on 01.11.2020 and get passed in Lok Sabha on 23.03.2020.  After passing of bill from Lok Sabha the bill was presented in the Rajya Sabha on the same day, which returned the same without consideration, which effectively means […]

Recent Due date Changes in Income Tax, GST and Customs

March 27, 2020 5004 Views 0 comment Print

Article compiles due date Under Income Tax , GST and Custom before and after Comprehensive Announcement on relief for Statutory Compliance Regulations due to COVID 19 by Hon’ble Finance Minister dated 24/03/2020. Comprehensive Announcement on relief for Statutory Compliance Regulations due to COVID 19 by Hon’ble Finance Minister dated 24/03/2020 Direct Tax Subject Matter Before Announcement […]

Addendum to Lockdown Guidelines of MHA dated 24.03.2020

March 27, 2020 2301 Views 0 comment Print

ddendum to Guidelines annexed to the Ministry of Home Affairs Order No. 40-3/2020-D dated 24.03.2020 Addition in exemption to Clause 1: Term treasury Pay & Accounts Offices. Financial Advisers and held offices of the Controller General of Accounts, with bare minimum staff

Delhi HC extends all interim orders till 15.05.2020

March 25, 2020 873 Views 0 comment Print

In view of the outbreak of COVID-19, the functioning of this Court is restricted only to urgent matters vide Notification No.51/RG/DHC/dated 13.03.2020.

Govt withdraws schedule of Statutory Audit of public sector banks

March 25, 2020 1095 Views 0 comment Print

In order to bring promptness and uniformity, it has been decided that after closure of accounts on 31st March of the financial year, the PSBs will follow the following schedule in this regard –

COVID-19 – Special relief Measures for Companies & LLP

March 24, 2020 45558 Views 1 comment Print

In order to support and enable Companies and Limited Liability Partnerships (LLPs) in India to focus on taking necessary measures to address the COVID-19 threat, including the economic disruptions caused by it, the following measures have been implemented by the Ministry of Corporate Affairs to reduce their compliance burden and other risks

Govt prohibits export of all Sanitizers

March 24, 2020 1479 Views 0 comment Print

The export of all Sanitizers falling under any ITCHS Code, including the ITCHS Codes mentioned above, is prohibited, with immediate effect.

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