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GST- Section 83- HC Quashes Provisional Attachment of immovable property

October 1, 2020 2469 Views 0 comment Print

Khushi Sarees Vs State of Gujarat (Gujarat High Court) Section 83 talks about the opinion which is necessary to be formed for the purpose of protecting the interest of the government revenue. Any opinion of the authority to be formed is not subject to objective test. The language leaves no room for the relevance of an official examination as […]

Assessee can choose to follow either IT act provisions or DTAA

September 30, 2020 1800 Views 0 comment Print

It is for the assessee to examine whether or not in the light of the applicable legal provisions and the precise factual position the provisions of the IT Act are beneficial to him or that of the applicable DTAA.

Dissecting capital reduction through a tax lens

September 30, 2020 29877 Views 0 comment Print

Capital reduction is a scheme of corporate restructuring wherein the existing share capital of a company is reduced by lowering the face value of shares, cancelling part of the face value of shares or by cancelling shares entirely.

Extension of validity of Pre-Shipment Inspection Agencies (PSIAs)

September 29, 2020 453 Views 0 comment Print

Validity of all the Pre-Shipment Inspection Agencies (PSIAs) as listed in the Appendix 2G of A&ANF, is extended up to 31.12.2020 or until the new list of PSIAs is notified, whichever is earlier. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade PUBLIC NOTICE No. 20/2015-2021 New Delhi […]

ICAI to conduct Advanced ICITSS – Adv. IT Test on 22.10.2020

September 29, 2020 450 Views 0 comment Print

It has been decided to conduct Advanced ICITSS – Adv. IT Test – in Computer Based Mode on Thursday, the 22nd October, 2020 from 10.30 AM to 12.30 PM (IST).

Extend due date for filing GSTR 9, 9A & 9C for year 2018-19

September 29, 2020 159903 Views 28 comments Print

Tax Bar Association, Guwahati has made a request to Hon’ble Union Finance Minister for extension of due date for filing of GST Annual Return Forms GSTR 9, 9A & 9C for  the year 2018-19. Full Text of the Representation is as follows:- Dated: September 27, 2020 To Hon’ble Finance Minister Govt. of India New Delhi […]

Companies (Meetings of Board and its Powers) Third Amendment Rules, 2020

September 28, 2020 3942 Views 0 comment Print

MCA vide notification No. G.S.R. 590(E) dated 28th September, 2020 allowed following matters to be dealt with in any meeting held through video conferencing or other audio visual means for the period from 19th March 2020 and ending on 31st December, 2020 Provided that where there is quorum presence in a meeting through physical presence […]

Companies (Appointment and Qualification of Directors) Fourth Amendment Rules, 2020

September 28, 2020 2736 Views 0 comment Print

MCA extends time for Compliances required by Every individual who has been appointed as an independent director in a company, on the date of commencement of the Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2019 (I.e. 1st December 2019) , shall within a period  of 13 Months from such commencement (i.e. upto 31st […]

Foreign Contribution (Regulation) Amendment Act, 2020

September 28, 2020 6762 Views 0 comment Print

(1) This Act may be called the Foreign Contribution (Regulation) Amendment Act, 2020. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

Rashtriya Raksha University Act, 2020

September 28, 2020 579 Views 0 comment Print

Declaration of Rashtriya Raksha University as an institution of national importance. Whereas the objects of the Rashtriya Raksha University are such as to make it an institution of national importance, it is hereby declared that the Rashtriya Raksha University is an institution of national importance.

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