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GST on services to State Government for collection & disposal of bio-medical waste

March 29, 2022 5349 Views 0 comment Print

In re SNG Envirosolutions Pvt. Ltd.  (GST AAR West Bengal) Whether services for collection and disposal of bio-medical waste from various clinical establishments provided by the applicant shall be exempted vide serial number 3 of Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017? Supplies provided by the applicant to State Government for collection and disposal of […]

IT officers association demand extension of Time Barring Date for assessment

March 29, 2022 8349 Views 0 comment Print

Non- extension of the Time Barring Date for assessment of reopened cases and issuance of the notices for reopening – difficulties being faced – regarding Income Tax Gazetted Officers’ Association Date: 29.03.2022. To The Chairman, Central Board of Direct Taxes, North Block, New Delhi. Respected Sir, Sub: Non- extension of the Time Barring Date for […]

Govt detects GST evasion by 11 Cryptocurrency Exchanges

March 29, 2022 954 Views 0 comment Print

Whether it is true that some cryptocurrency exchanges were involved in evasion of Goods and Services Tax (GST) and it was also detected that other cryptocurrency exchanges and major investors in digital currencies are under investigation by the Government;

Measures taken by Govt to reduce compliance burden for corporates

March 29, 2022 639 Views 0 comment Print

Ministry of Corporate Affairs has taken various measures to reduce the compliance burden considering the impact of COVID-19 pandemic:-The Companies Fresh Start Scheme, 2020 was launched to make a fresh start for companies to become fully compliant by allowing them to file belated documents in MCA 21 registry without any additional fees from 1st April to 31st December, 2020.

DGCA monitors airfares on certain routes on monthly basis

March 29, 2022 234 Views 0 comment Print

DGCA has a Tariff Monitoring Unit that monitors airfares on certain routes on monthly basis to ensure that the airlines do not charge airfares outside a range declared by them.

Issuance of orders of provisional GST attachment and restoration thereof on BO System

March 29, 2022 1242 Views 0 comment Print

It is hereby instructed that from 01st April, 2022 the provisional attachment orders in DRC-22 and restoration order in DRC-23 shall be only be issued on BO system.

Extension of timelines for sale & renewal of short term Covid specific health insurance policies

March 28, 2022 684 Views 1 comment Print

Corona Kavach Policies offered as per Guidelines on Covid Standard Indemnity based Health Policy and Corona Rakshak Policies offered as per Guidelines on Covid Standard benefit based Health Policy are permitted to be offered and renewed by all insurers up to 30.09.2022.

All about Virtual ID (VID) of Aadhaar number holder

March 28, 2022 1089 Views 0 comment Print

Q.1 What is the expiry period of VID? Ans. At this time there is no expiry period defined for VID. VID will be valid till the time a new VID is generated by the Aadhaar number holder. Q.2 Will re-generation of VID lead to the same VID or a different VID? Ans. After the minimum […]

Assessment Order passed in the name of amalgamated entity is invalid

March 28, 2022 1143 Views 0 comment Print

Honda Cars India Ltd. Vs DCIT (ITAT Delhi) In this case In spite of intimation to the TPO and the Assessing Officer regarding the amalgamation of ‘Honda Motor India Pvt. Ltd.’ to ‘Honda Cars India Ltd.’, not only the order under section 92CA(3) of the Act was passed in the name of the amalgamated company, […]

No addition based on evidence which is not confronted to the assessee

March 28, 2022 6576 Views 0 comment Print

DCIT Vs Rashmi Float Glass Ltd. (ITAT Kolkata) We find that the only addition made is of share application received u/s 68 of the Act and addition of commission paid allegedly for the share application money and finally a disallowance u/s 14A of the Act. No incriminating material has been found during the course of […]

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