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44 associations Requests to grant Extension for GSTR 9 & 9C to at least 31.12.2020

October 17, 2020 10824 Views 2 comments Print

Kindly therefore extend the due date for submitting the GSTR-9 and GSTR-9C to at least 31.12.2020. We do not want to completely ignore our obligations and ask for unending extension.

Custom Notification in relation to road connecting India & Bhutan

October 16, 2020 462 Views 0 comment Print

Notification in relation to the road connecting Jaigaon Bazar in India and Phuentsholing in Bhutan and Asian Highway 48 connecting Torsha tea garden in India and Ahllay in Bhutan by amendment of Principal Notification No. 63/1994-Customs dated 21st November, 1994 -regd. Notification No. 101/2020- Customs (N.T.) Dated 16th October, 2020. GOVERNMENT OF INDIA MINISTRY OF […]

CBIC exempt IGST on satellite launch services

October 16, 2020 2814 Views 0 comment Print

To Amend No.9/2017- Integrated Tax (Rate), dated the 28th June, 2017 So As To Exempt Satellite Launch Services Provided By ISRO, Antrix Co. Ltd And NSIL As Recommended By GST Council In Its 42nd Meeting Held On 05.10.2020. Notification No. 05/2020- Integrated Tax (Rate) dated 16th October, 2020. Government of India Ministry of Finance (Department of […]

Individual Housing Loans – Rationalisation of Risk Weights

October 16, 2020 921 Views 0 comment Print

It has been decided to rationalise the risk weights, irrespective of the amount. The risk weights for all new housing loans to be sanctioned on or after the date of this circular and upto March 31, 2022 shall be as under:

Assessee can take a stand contrary to their TP study

October 16, 2020 1128 Views 0 comment Print

It is open to the parties in Transfer Pricing cases to take a stand contrary to their TP study, if they contend that the stand taken in the TP study is contrary to facts or was erroneous. Such a claim cannot be disregarded only on the basis that it is contrary to Assessee’s own stand in the TP study.

Tariff Notification No. 100/2020-Customs (N.T.), Dated: 15.10.2020

October 15, 2020 468 Views 0 comment Print

Tariff Notification No. 100/2020-Customs (N.T.), Dated: 15.10.2020 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver. Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 100/2020-CUSTOMS (N.T.) New Delhi, 15th October, 2020 23 Asvina, 1942 (SAKA) […]

PACL investors with claims upto ₹ 7000 can claim till 31.10.2020

October 15, 2020 714 Views 1 comment Print

The Committee has vide Public Notice dated July 21, 2020 also provided similar facility to the investors with claim amount between Rs 5001/- and Rs 7000/-and accordingly, the web-portal was made operational from August 01, 2020. The last date for accepting such rectified application is October 31, 2020.

DGFT Prohibits import of Air Conditioners with refrigerants

October 15, 2020 5046 Views 0 comment Print

Notification No. 41/2015-2020-DGFT Import Policy of Air Conditioners with refrigerants under HS codes 84151010 and 84151090 is amended from ‘Free’ to ‘Prohibited’.

Export of Alcohol based Hand Sanitizers in any form/packaging allowed

October 15, 2020 948 Views 0 comment Print

The Export of Alcohol based Hand Sanitizers in container with dispenser pumps is free for export making export of Alcohol based Hand Sanitizers in any form/packaging freely exportable, with immediate effect.

ITC of goods & services used for lying of cross-country pipeline nearby river till boundary wall of Factory

October 15, 2020 2559 Views 0 comment Print

I. Whether input tax credit of GST paid on goods and services used tor laying of cross-country pipeline nearby river till the boundary wall of the Factory can he taken by the Appellant? II. Whether input tax credit can be availed on Operation and Maintenance Services (‘0 & M Services’) obtained by the Appellant for the maintenance of the facility?

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