ICAI has made a Request for extension of Last Date for filing of Annual returns in Form GSTR 9 and GSTR 9A alongwith GST Audit Certificate in GSTR 9C from June 30, 2019 to October 31, 2019 to Smt. Nirmala Sitharaman, Hon’ble Union Minister for Finance and Corporate Affairs & Chairperson, GST Council ICAI/IDTC/2019-20/REP/6 19th June, 2019 Smt. Nirmala Sitharaman Hon’ble Union […]
M/s. Wipro Limited Vs ACIT (ITAT Bangalore) In this case relief was allowed by learned CIT (A) in respect of levy of surcharge and cess by directing the AO that surcharge and cess should be levied only in the cases where the non resident vendors are residents of countries with which DTAA allows withholding rate […]
Gurdeep Singh Sachar Vs Union of India (Bombay High Court) In the instant case, admittedly, there is no dispute that the amounts pooled in the escrow account is an ‘actionable claim’, as the same is to be distributed amongst the winning participating members as per the outcome of a game. But, as held hereinabove since […]
Some newspapers have today highlighted a perceived set-back to the automated process of refunds for exporters under GST on account of the introduction of manual checks to curb large scale frauds in IGST refunds. These news items regrettably create a misleading impression that genuine exporters would suffer on account of the newly introduced verification process.
Tax provisions on Indirect share transfers applies not only to transfer of shares but also to other corporate events such as buy-back, capital reduction, redemption, dividend in kind, etc. by foreign entities.
Since then, there has not only been an expansion in volume and value of government receipts and payments, and coverage of bank branches handling government transactions, but also significant movements towards adoption of technology and migration to electronic means of payments.
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 47/2019 New Delhi, the 20th June, 2019 (INCOME-TAX) S.O. 2007(E).—Whereas the Central Government in exercise of the powers conferred by clause (iii) of subsection (4) of Section 80-IA of the Income-tax Act, 1961(43 of 1961)(hereinafter referred to as the said Act), has […]
Customs Rate of Exchange of Foreign Currency Conversion w.e.f. 17th June, 2019 notified vide Notification No. 45/2019–Customs (N.T.) dated 20th June, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 45/2019-Customs (N.T.) New Delhi, dated the 20th June, 2019 30 Jyaistha, 1941 (SAKA) In exercise […]
Notification No. 45/2019- Central Government notifies ‘Central Silk Board’, Bengaluru, PAN: AAALC0093M a Board constituted by the Central Government, in respect of the specified income arising to that board under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 45/2019 New Delhi, the 20th […]
Securities and Exchange Board of India CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2019/73 June 20, 2019 To, The Managing Directors / Chief Executive Officers, All Recognised Stock Exchanges and Clearing Corporations having Commodity Derivatives Segment IPF Trusts of Recognised Stock Exchanges Sir / Madam, Sub: Credit of Penalty for short-collection/non-collection of Margins on Commodity Derivatives Segments to Core SGF 1. […]
