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Printing process for Budget 2020 commences with Halwa Ceremony

January 20, 2020 804 Views 0 comment Print

The Halwa ceremony, marking the commencement of Budget printing process for Union General Budget 2020-21, was held here in North Block today morning in the presence of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman.

Deposit of unclaimed dividends and / or undistributed proceeds of voluntary liquidation process

January 20, 2020 1308 Views 0 comment Print

Deposit of unclaimed dividends and / or undistributed proceeds of voluntary liquidation process in accordance with regulation 39 of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017.

Form TRAN-1 rectification- HC allows petitioner to approach Nodal Officer

January 20, 2020 1275 Views 0 comment Print

Writ Petition is disposed of, only by granting such liberty to the petitioner to approach the said Nodal Officer and make a representation within a period of two weeks from the date of receipt of a copy of this order. On receipt of such representation/request, the said Nodal Officer shall consider the same and pass appropriate orders on merits and in accordance with law, within a period of three weeks thereafter. No costs.

NO VAT on trade discount received from Car manufacturer

January 20, 2020 2874 Views 0 comment Print

Kun Motor Company Pvt. Ltd. Vs Assistant Commissioner (CT) (Madras High Court) There is no dispute that the Petitioner is a dealer in motor cars and had received trade discount from the manufacturer from whom it had purchased the cars for retail sales at its show rooms. The trade discount which has been offered by […]

Tunnel construction & related work  falls under earth work & eligible for concessional GST rate

January 20, 2020 2265 Views 0 comment Print

In re Soma Mohite Joint Venture (GST AAAR Maharashtra) The Maharashtra Appellate Authority for Advance Ruling  held that the services provided by the Appellant in the impugned matter qualifies for inclusion under entry 3(vii) of the Notification No. 12/2017-C.T. (Rate), dated 28.06.2017 (as amended by Notification No. 31/2017-C.T. (Rate) dated 13.10.2017). It is evident that […]

Introduction of Rupee derivatives at IFSC

January 20, 2020 1464 Views 0 comment Print

RBI allows Rupee derivatives (with settlement in foreign currency) to be traded in International Financial Services Centres (IFSCs), starting with Exchange Traded Currency Derivatives (ETCD).

Increase GST Registration limit to Rs. 40 Lakh and Income Tax exemption Limit to Rs. 5 Lakh

January 19, 2020 41256 Views 8 comments Print

Threashold limit for registration under GST on services should be enhanced from Rs 20 Lakhs to Rs 40 Lakh on the line of Traders and Manufacturers. The exemption limit for personal income tax should be 5 lakhs for the trader who carry on business under proprietorship, or is a partner or is a director in company which is registered under GST.

ICSI Guidelines for Attire and Conduct of Company Secretaries, 2020

January 17, 2020 4140 Views 0 comment Print

ICSI Guidelines for Attire and Conduct of Company Secretaries, 2020  shall be applicable on all company secretaries appearing before  any statutory body, courts, tribunals or quasi judicial bodies on behalf of their employer or their clients. ICSI Guidelines for Attire and Conduct of Company Secretaries, 2020 shall supersede the Guidelines for Professional Dress Code for […]

ICSI Guidance on Scale of Fees for Professional Services, 2020

January 17, 2020 14634 Views 0 comment Print

ICSI Guidance on Scale of Fees for Professional Services, 2020 contains inter alia the scope of various professional services and the guiding principles for fixing the scale of fee would ensure transparency between the client and the PCS and also pave the way for a just and reasonable scale of fees to be charged by […]

ITC Refund: AAR allows applicant to withdraw application

January 17, 2020 1515 Views 0 comment Print

In re DTL Ancillaries Limited (GST AAR Maharashtra) The Application in GST ARA Form No. 01 of M/s DTL Ancillaries Ltd. vide reference no. ARA No. 49 dated 04.10.2019 is disposed of, as being withdrawn voluntarily and unconditionally. FULL TEXT OF ORDER OF AUTHORITY OF ADVANCE RULING, MAHARASHTRA The present application was filed under Section […]

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