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Relaxation/concession provided to Companies/LLPs during Lockdown period to combat COVID-19

September 15, 2020 975 Views 1 comment Print

The Ministry of Corporate Affairs has taken steps to provide several incentives/ relaxation/concession during Lockdown period so as to reduce the burden of companies/LLPs during COVID-19. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in response to a written question in the Lok Sabha today.

Modified Protocol for Sealed Building in Mumbai

September 15, 2020 1536 Views 0 comment Print

As the COVID-19 eases are increasing in Mumbai, since I week of September 2020. Issue of revising the guidelines for sealing building/wing/tower was discussed in V.C. meeting of Hon’ble Municipal Commissioner on 15.09,2020. Earlier guidelines were issued on 13.05.2020. Accordingly, revised guidelines for scaling building/wing/tower are to be followed as below.

Reg. ADD investigation on imports of Aluminium & Zinc coated flat products

September 15, 2020 426 Views 0 comment Print

Case No. AD-MTR-11/2020- Initiation of Mid-Term Review limited to change of name of producer/exporter from Korea RP in the anti-dumping investigation concerning imports of Aluminium and Zinc coated flat products originating in or exported from China PR, Vietnam and Korea RP.

Settlement Commission cannot re-open its concluded proceedings by invoking section 154 to levy interest

September 15, 2020 1764 Views 0 comment Print

CIT Vs M.A. Jacob & Company (Madras High Court) The order passed on the Settlement Applications filed by the assessee is dated 07.01.2000. The second order of ITSC was passed on 19.02.2004. After those orders passed by ITSC on the issue in question, concerning the assessee, in the year 2010, the Honourable Supreme Court had […]

Amendment in Export Policy of Onions

September 14, 2020 681 Views 0 comment Print

The Export of all varieties of Onions, as described above, is prohibited, with immediate effect. The provisions under Transitional Arrangement (Para 1.05 of the FTP 2015-20) shall not be applicable under this notification. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION NO. 31/2015-20 New Delhi, the 14th September, 2020 […]

Notification No. 44/2020-Customs (N.T./CAA/DRI), Dated:14.09.2020

September 14, 2020 477 Views 0 comment Print

Notification No. 44/2020-Customs (N.T./CAA/DRI), Dated:14.09.2020- Appointment of Common Adjudicating Authority MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (DIRECTORATE OF REVENUE INTELLIGENCE) Notification No. 44/2020-Customs (N.T./CAA/DRI) New Delhi, the 14th September, 2020 S.O. 3169(E).—In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June 2015 in […]

ST refund of tax paid on advance for which service not rendered due to merger cannot be denied

September 13, 2020 2058 Views 0 comment Print

Lancor Holdings Limited Vs The Commissioner of G.S.T. and Central Excise (CESTAT Chennai) There is no dispute as to the eligibility or otherwise for refund except the claim being rejected as barred by limitation. There is also no dispute that both the service provider and the service recipient having merged into a single entity, there […]

ICES Advisory for different facets of faceless assessment

September 13, 2020 2472 Views 0 comment Print

In pursuance of Board’s Circular 40/2020 – Customs dated 04.09.2020, the roll-out of Faceless Assessment at an All India level in all ports of import and for all imported goods has to be enabled by 31.10.2020. The detailed roll-out plan in phases covering different Customs Zones and Chapters of the Customs Tariff Act, 1975, including the existing Phases I and II, has been given in Annexure I of the aforesaid Circular.

GSTR-2B: Everything you need to know

September 13, 2020 6561 Views 0 comment Print

What is Form GSTR-2B ♦ GSTR-2B is an auto-drafted ITC statement generated for the buyer on the basis of the information furnished by his suppliers. ♦ It also contains information on import of goods from the ICEGATE system including inward supplies of goods received from Special Economic Zones Units / Developers. (This feature will be […]

Extend due dates of filing GST Annual return & Audit Report

September 12, 2020 67638 Views 15 comments Print

Extension of Annual returns in Form GSTR 9 and GSTR 9A along with GST Audit Certificate in GSTR 9C from September 30, 2020 to December 31, 2020

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