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Competition Commission of India (General) Amendment Regulations, 2019

November 20, 2019 1707 Views 0 comment Print

(1) These regulations may be called the Competition Commission of India (General) Amendment Regulations, 2019. (2) They shall come into force on the date of their publication in the Official Gazette.

Lok Sabha Passes The Chit Funds (Amendment) Bill, 2019

November 20, 2019 1569 Views 0 comment Print

The Chit Funds (Amendment) Bill, 2019 was introduced in Loksabha on 05.08.2019 and was passed by Lok Sabha on 20.11.2019. Below is the text of Chit Funds (Amendment) Bill, 2019 as introduced in Loksabha on 05.08.2019 which explains why the same been introduced. As the end of this post we have provided link to download […]

Defence against WPs/PILs relating to GST

November 19, 2019 9915 Views 0 comment Print

1. A number of writ Petitions/ PILS are being filed in Hon’ble Supreme Court/ High Courts challenging various aspects of GST law. 2. Dept of Revenue has issued master instructions vide letter F.No. S-29012/12/2017 dated 14th August, 2019 on defense against writ petitions / PILs relating to GST to all States as well as Central […]

Enable assessee to file rectified TRAN -1 Form: Kerala HC to GST Dept

November 18, 2019 1668 Views 0 comment Print

In the instant case, as already noted, the availment of credit by the petitioner, and its entitlement to distribute the credit to its various branches is not disputed. I am therefore of the view that the 5th respondent should either permit the petitioner to file a rectified TRAN-1 Form electronically in favour of each of its branches in the country, or accept manually filed TRAN -1 Form with the appropriate corrections, on or before 30.12.2019.

No Service Tax on Value of Spare parts on which Sales Tax already been paid

November 18, 2019 2886 Views 0 comment Print

M/s. Novotron Broadband (P) Ltd. Vs Commissioner of GST & ST (CESTAT Chennai) The issue is with regard to demand of differential service tax on the value obtained is including value of the materials used in rendering Repairs and Maintenance Service. In M/s. Safety Retreading Co. (P) Ltd., (supra) the said issue has been decided, […]

Salaries not subject to GST: Unconfirmed CBIC press release on Social Media

November 16, 2019 5838 Views 2 comments Print

Central Board of Indirect Taxes & Customs (CBIC) today clarified that salaries are not subject to GST and no GST has been demanded on salaries paid to CEOs or employees. CBIC said that the media report in this regard alleging that tax authorities want to impose GST on salaries paid to employees is factually incorrect and misrepresents tax authorities.

Notification No. 84/2019-Customs (N.T.) dated 15.11.2019

November 15, 2019 996 Views 0 comment Print

Tariff Notification No. 84/2019-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver -Reg Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 84/2019-CUSTOMS (N.T.) New Delhi, 15th November, 2019 24 Kartika, 1941 (SAKA) S.O. […]

CA/ Advocates should not be arrested merely for filing Tax return(s)

November 15, 2019 18456 Views 0 comment Print

Similarly, arrest of Chartered Accountant or Advocates who had filed returns or otherwise assisted in business but are not beneficiary or part of fraud merely on the basis of statement without any corroborative evidence linking the professional with alleged offence should be avoided. It is well known that if top brass of a running concern is arrested, there are all possibilities of closure of unit which results into unemployment and wastage of precious natural resources.

Mis-declaration by SEZ – Permission based on project report to be relied

November 15, 2019 1398 Views 0 comment Print

Texool Wastesavers Vs C.C (CESTAT Ahmedabad) Relying on the permission which was granted in terms of project report made before the Development Commissioner, which stated that the SEZ unit was permitted to import garments that were almost new but could be out of fashion in terms of time as far as the country of production […]

Govt notifies due date extension of Form GSTR-9 and GSTR-9C

November 14, 2019 5415 Views 0 comment Print

it is hereby declared that the annual return for the period from the 1st July, 2017 to the 31st March, 2018 shall be furnished on or before the 31st December, 2019 and the annual return for the period from the 1st April, 2018 to the 31st March, 2019 shall be furnished on or before the 31st March, 2020

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