Articles

Scope of Valuation Under Companies Act, 2013

The Ministry Corporate Affairs (MCA) has, since October 2017, notified Section 247 of the Companies Act, 2013 and introduced the Companies (Registered Valuers and Valuation) Rules, 2017. The MCA has designated the Insolvency and Bankruptcy Board of India (IBBI) as the authority for implementing the new regime of Registered Valuers apart f...

Read More
Posted Under: Income Tax |

Simplification of GST Form GSTR-9 & GSTR-9C

Simplification of Form GSTR-9 & GSTR-9C for FY 2017-18 & FY 2018-19 (CGST rules amended via Notification no. 56/2019 – Central Tax dated 14.11.2019) Simplification of Form GSTR-9 Table Particulars Remarks 4B, to 4E Details of advances, inward and outward supplies made during the financial year on which tax is payable This table ...

Read More
Posted Under: Income Tax |

Essar Steel Judgment of SC- Important rulings

Hon’ble Supreme Court of India in the matter of Committee of Creditors of Essar Steel India Limited Vs. Satish Kumar Gupta & Ors. While setting aside the judgment dated 4th July, 2019 of the NCLAT and upholding the constitutional validity of the Insolvency and Bankruptcy Code (Amendment) Act, 2019, the Hon’ble Supreme Court settled se...

Read More
Posted Under: Income Tax |

New GST ITC Availment Rule With Examples

NEW PROCEDURE TO CLAIM INPUT TAX CREDIT WITH EFFECT FROM 09.10.2019 (Vide Notification no. 49/2019 dated 09.10.2019) ♦ Input Tax Claim shall not exceed GSTR 2A Total ITC +  20% of GSTR 2A ITC Amount   (This amount should not exceed Eligible credit for the month) For e.g. :  If eligible ITC for the month of […]...

Read More
Posted Under: Income Tax |

Summary of GST Notifications Issued as on 14th Nov 2019

CBIC has released new set of notifications which covers the due date of filing GSTR 3B, GSTR -1 & GSTR 7 for the State Jammu & Kashmir, Changes made in refund form RFD-01 and simplifications made in GSTR 9 (Annual return) & 9C (reconciliation statement) Notifications which are covered are: Notification No. 52, 53, 54, [&hellip...

Read More
Posted Under: Income Tax | ,

GST ITC Capped at 120% Boon or Bane

Ref: Notification No. 49/2019 – Central Tax dated 9 Oct 2019 which add Rule 36(4) of CGST Input tax credit to be availed by a registered person in respect of invoices or debit notes, the details of which have not been uploaded by the suppliers under sub-section (1) of section 37,  shall not exceed 20 per cent. […]...

Read More
Posted Under: Income Tax |

Brief on Black Money (Undisclosed Foreign Income & Assets) & Imposition of Tax Act, 2015

Brief Analysis of Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 Basis of charge Undisclosed asset outside India is defined to mean asset (including financial interest in any entity) located outside India, held by assesee in his own name or in respect of which he is beneficial owner, and he […]...

Read More
Posted Under: Income Tax |

Income Tax Relief- Regularization of unauthorized colonies in Delhi

Post Union cabinet approved regularization of 1728 unauthorized colonies in National Capital Territory of Delhi with levy of 0.5% stamp duty (against Stamp duty and transfer duty @ 4% if the vendee is a woman and @ 6% if the vendee is a man), notification 96/2019 dated 11.11.19 provided relief under Income Tax. To curb cash dealings in...

Read More
Posted Under: Income Tax |

A snapshot on Essar’s Judgement by SC -Decoded

Supreme Court allowed appeal filed by Committee of Creditors of Essar Steel Indian and had set aside the Order of National Company Law Appellate Tribunal, the Hon’ble Supreme Court made several important findings and rulings as under:...

Read More
Posted Under: Income Tax |

Country By Country Reporting

The Finance Act, 2016 introduced provisions relating to Country by Country Report (CbCR) and Master File pursuant to adoption of OECD’s BEPS Action Plan-13 in India. On 31st October 2017, CBDT released the Final Rules with respect to maintenance and furnishing of Master File and CbCR. Summary of Final Forms and Rules for Master-File app...

Read More
Posted Under: Income Tax |

Browse All Categories

CA, CS, CMA (4,351)
Company Law (5,135)
Custom Duty (7,476)
DGFT (4,040)
Excise Duty (4,274)
Fema / RBI (3,887)
Finance (4,045)
Income Tax (31,132)
SEBI (3,232)
Service Tax (3,477)