In re Gaurish Sharma (G K Enterprises) (GST AAR Rajasthan) Applicant is proposing to submit a bid for shifting / erection of electrical lines only to M/s Sadbhav Jodhpur Ring Road Pvt. Ltd who is the main Contractor of NHAI. Thus the activity to be carried out by the applicant is restricted to shifting / […]
Whether the services of supply of service of education as per the curriculum prescribed by the statutory authorities/ government to the students of the applicant for obtaining qualifications/ certificates of CA-Foundation, CA-Inter, CA-Final, CMA (ICWA)-Foundation, CMA-Inter, CMA-Final and Intermediate duly recognized by the respective statutory authorities/ government are exempted under Notification N0.12/2017–CT (Rate) dt. 28.06.2017 (entry no.66(a)), as amended?
The supply, installation and fixing of furniture, customized or customized cannot be a works contract, as the items of furniture have been made or manufactured at the supplier’s place which have been installed or fixed at the place of the recipient. Such installed or fixed items of furniture can be removed/ moved to any place without damage to the furniture.
Investment made by a person, authorised under section 4 of the Payment and Settlement Systems Act, 2007, in the equity share capital or bonds or debentures of a company- (A) which is engaged in operations of retail payments system or digital payments settlement or similar activities in India and abroad and is approved by the Reserve Bank of India for this purpose; and (B) in which at least fifty-one per cent of equity shares are held by National Payments Corporation of India.”
Cabinet approves Mega Consolidation in Public Sector Banks {PSBs} with effect from 1.4.2020. Government transforms PSB landscape with consolidation of ten PSBs into four with effect from 1.4.2020. Amalgamations to enable creation of digitally driven consolidated banks with global heft and business synergies.
Ministry of Finance TDS Surveys by Income Tax Department unearths huge defaults in deduction and deposit Posted On: 04 MAR 2020 In a major breakthrough, the Tax Deducted at Source (TDS) wing of the Income Tax Department has unearthed default of TDS of Rs 324 crore in the case of a major Telecom Operator in […]
During investigation, it was revealed that M/s Fortune Graphics Limited, M/s Reema Polychem Private Limited & M/s Ganpati Enterprises have issued invoices worth more than Rs 4,198 Crores wherein Tax amount of more than Rs 660 Crores has been fraudulently passed on as ITC credit to buyers of such fake invoices.
Start to end online faceless process of GST Registration. GST Registration given through common portal https://www.gst.gov.in. If no action is taken by Registrating Authority within 3 Working Days, Registration Application is auto-approved. Any defect in Registration Application is communicated online and compliance to which is also taken online. Registration process is paperless. Applicant need not to visit Registration Authority for any reason.
The objective of the consultation paper is to seek comments/views from the public on the proposals that are expected to strengthen the regulatory framework for Corporate bonds, secure the interest of the debenture holders, enhance the role of the Debenture Trustees (DTs) and empower them to effectively discharge their responsibilities towards the debenture holders of listed debt issues / proposed to be listed debt issues.
Rishi Graphics Pvt. Ltd. Vs Union of India & Ors (Calcutta High Court) A procedural law should not take away the vested rights of persons that are provided to them by statute. The petitioners have approached this court with a prayer for allowing them to file/upload in GST TRAN-1. The petitioners intend to file TRAN-1 […]
