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Sabka Vishwas Scheme – Amount in arrears – Deposits to be adjusted after determination of amount payable

November 10, 2020 1239 Views 0 comment Print

Solamalai Automobiles Private Limited vs The Designated Committee (Madras High Court) The Madras High Court has held that for cases falling under ‘Amount in arrears’ category under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019, the deposits  should   be adjusted after the determination of the amount payable. Department’s contention that the sum paid was to […]

Foreign Contribution (Regulation) (Amendment) Rules, 2020

November 10, 2020 9708 Views 0 comment Print

(1) These rules may be called the Foreign Contribution (Regulation) (Amendment) Rules, 2020. (2) They shall come into force on the date of their publication in the Official Gazette.

GST liability due to change in tax regime to GST regime- HC asks petitioner to make representation before Govt

November 9, 2020 1017 Views 0 comment Print

PV Constructions Vs The Executive Engineer (Orissa High Court) The main issue involved in such matters is that the difficulty faced by the contractors due to change in the regime regarding works contract under GST. The grievance of the petitioner is that in view of the introduction of the GST, petitioner is required to pay […]

Annual Aggregate Turnover Computation Methodology under GST

November 9, 2020 7896 Views 0 comment Print

Annual Aggregate Turnover Computation Methodology-Article explains Calculation of Number of GSTR- 3B eligible or liable to filed, Calculation of Number of CMP-08 eligible or liable to be filed, Extracted GSTIN-wise Number of GSTR- 3B filed and Turnover declared in GSTR-3B, Extracted GSTIN- wise Number of CMP-08 filed and Outward supply declared in CMP-08, Extrapolation of […]

ICAI announces Procedure & details for availing OPT–OUT facility

November 7, 2020 2628 Views 0 comment Print

In case the student appears for some of the papers in a particular group and subsequently he/she opts out for any of the reasons as mentioned in (a) to (c) above, then he/she has to appear for all papers of the Group in the next examination cycle i.e. shifting of some of the paper(s) of the same Group is not allowed;

No GST if Entire Sales Consideration received after obtaining Occupancy Certificate by applicant of his Share in property under JDA

November 7, 2020 19698 Views 0 comment Print

In Re Sri. B.R. Sridhar (GST AAR Karnataka) Whether the total amounts received by the Owner towards the advances or sale consideration of the flats fallen to his share of 40% in terms of the Joint Development Agreement dated 19.05.2016 and the subsequent Area Sharing Agreement dated 03.01.2018, are not amenable for payment of GST, […]

GST Officials Cannot Use Physical Violence: HC

November 6, 2020 13779 Views 0 comment Print

Agarwal Foundries Private Limited Rama Towers Vs Union of India (Telangana High Court) No provision of any law is cited before us by the respondents to say that they are entitled to use physical violence against persons they suspect of being guilty of tax evasion while discharging their duties under the CGST Act, 2017. Merely […]

Criminal trial verdict does not conclude disciplinary proceedings

November 6, 2020 1548 Views 0 comment Print

The State of Rajasthan & Ors. Vs Heem Singh (Supreme Court of India) In the present case, the respondent was acquitted of the charge of murder. The circumstances in which the trial led to an acquittal have been elucidated in detail above. The verdict of the criminal trial did not conclude the disciplinary enquiry. The […]

Bombay HC extends all interim orders till 22.12.2020

November 6, 2020 2037 Views 0 comment Print

High Court on Its Own Motion Vs State of Maharashtra (Bombay High Court) 1. Although the situation in the State of Maharashtra because of the pandemic has improved over the last few days, access to the courts of law is yet not free. To ensure that persons suffering orders of dispossession, demolition, eviction, etc., passed […]

Action against companies defaulting in payment of Listing Fees: NSE

November 6, 2020 1929 Views 0 comment Print

All listed companies are requested to take note that the following action shall be taken if a listed company fail to pay the outstanding ALF (including the listing fee for Financial Year 2020-21) on or before November 20, 2020,

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