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Advance ruling cannot be given if both members have different views

October 22, 2020 621 Views 0 comment Print

In re Abhishek Darak (GST AAR Uttarakhand) In this case both the members have different views on the taxability of ‘sale of developed land/plot’, the other issues related to it becomes irrelevant and hence, the ruling cannot be given to such related issues. In light of above discussion & findings, we have different views in […]

Extend due date for filing of Tax Audit reports, TP Audits & ITR

October 21, 2020 105771 Views 41 comments Print

Request for Extension of due date for filing of Tax Audit reports, Transfer Pricing (TP) Audits and Income-tax returns-AY 2020-21 till 31st March 2021.

Custom duty exemption on Scrips Issued Under Rosl Scheme For Apparel & Made-Ups Sectors

October 21, 2020 1302 Views 0 comment Print

Notification No. 38/2020-Customs Regarding Exemption of Duties of Customs Against Scrips Issued Under The Rosl Scheme For Apparel And Made-Ups Sectors GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 38/2020-Customs New Delhi, the 21st October, 2020 G.S.R. 657(E).– In exercise of the powers conferred by sub-section (1) of section 25 of the […]

Solid Waste Management services classifiable under SAC 9994

October 21, 2020 13683 Views 0 comment Print

In re Zigma Global Environ Solutions Private Limited (GST AAR Tamilnadu) Q. Classification of the services viz ‘Solid waste management – Revamping of existing dumped Garbage in compost yards by Bio -mining process’ provided by the applicant to M/s. Erode City Municipal Corporation, Erode?  A. Solid Waste Management-Revamping of Existing Dumped Garbage in Compost Yards by […]

Faceless Assessment – Enhancements & certain clarifications

October 21, 2020 1272 Views 0 comment Print

Faceless Assessment – Enhancements and certain clarifications related to reports available to Assessing Officers (AOs and AC/DCs) in ICES – reg.

Implementation of QR code based Sampling Solution at JNCH

October 21, 2020 873 Views 0 comment Print

Attention of the importers, exporters, Customs Brokers and all other stakeholders is invited to the various initiatives / reforms taken by the Government towards Ease of Doing Business (EODB) and Trade Facilitation. As a step towards trade facilitation, QR code based Sampling Solution is being launched FOR TESTING AT JNCH LABORATORY.

Request to extend time to file GSTR-3B for September, 2020

October 20, 2020 52593 Views 15 comments Print

Request for extension of time to file GST return in Form GSTR-3B for the month of September, 2020 by registered tax payers having turnover of more than Rs. 5 Crores which would include time to claim ITC of 2019-20.

Law declared by Supreme Court is binding on all Courts

October 20, 2020 1905 Views 1 comment Print

CBI (Anti-Corruption Branch) Vs Sh. Jose Alexander (Karnataka High Court) Petitioner was a party to the criminal appeal filed by accused No. 3 before the Supreme Court. In the absence of the copies of pleadings in the said case, it cannot be said that the petitioner did not raise this issue of applicability of Section […]

IFSCA introduces Framework for Regulatory Sandboxto tap into innovative FinTech solutions

October 20, 2020 252 Views 0 comment Print

The International Financial Services Centres Authority (IFSCA), with an objective to develop a world class FinTech hub at the IFSC located at GIFT City in Gandhinagar (Gujarat, India), endeavours to encourage the promotion of financial technologies (‘FinTech’) initiatives in financial products and financial services across the spectrum of banking, insurance, securities and fund management.

CBDT issues guideline on power of survey under section 133A

October 19, 2020 8496 Views 0 comment Print

Order under section 119 of the Income-tax Act, 1961 for exercising power of survey u/s 133A of the Income-tax Act, 1961 and in pursuance of The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 Regarding

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