As the coronavirus spread around the world, businesses across various sectors encourage their staff to work remotely. The ongoing crisis had created an urgent need for people to find the digital alternative of tools that are part of their workflow. Some were in a far better position to transition into a remote working culture, due […]
अर्जुन : मित्र कृष्ण , मुझे ये बताए कि MSME क्या हैं? कृष्ण: अर्जुन, MSME का मतलब सूक्ष्म, लघु और मध्यम उद्योग से हैं। 1. सूक्ष्म उद्योग (Micro Enterprises) अगर किसी उद्योग में निवेश 1 करोड़ से कम हैं और उसकी टर्नओवर 5 करोड़ से कम हैं तो वह सूक्ष्म उद्योग के अंतर्गत आएगा। 2. […]
In this article I am going to share you three important Judgments rather Tools which you can refer for filing your reply in response to notices under Section 73 and Section 74 of CGST Act, 2017which will be useful for you to complete the Proceedings.
Annual General Meeting (AGM) of the Company may be held through Video Conferencing (VC) or other Audio Visual Means (OAVM) during the calendar year 2020– MCA Circular No. 20/2020 dated 05.05.2020 Vide this circular all Companies whose financial year whether ended on 31.12.2019 or 31.03.2020 are allowed to conduct their AGM through VC or OAVM […]
This article Covers GST on Freight Charges in Import and Export transactions i.e. Ocean Freight and Air Freight. For our discussion Ocean freight is divided into two types based on destination of goods/Cargo namely: -Ocean freight in respect to Imports of goods -Ocean freight in respect to Exports of goods Ocean freight in respect to […]
Transitional credit for un-availed CENVAT- Amended provisions effective from 18.05.2020 CBIC issued Notification No. 43/2020 – Central Tax dated 16th May, 2020 which Seeks to bring into force Section 128 of Finance Act, 2020 in order to bring amendment in Section 140 of CGST Act, 2017 w.e.f. 18.05.2020 which relates to Transitional arrangements for input […]
In this article, an attempt has been made to understand what a registered tax-payer is supposed to do, where he has been issued a notice for scrutiny u/s 61 of CGST Act and he accepts the deficiency pointed out in the notice.
Accordingly it was held by Delhi High Court in the said case that Rule 117 as being directory in nature, insofar as it prescribes the time-limit for transitioning of credit and therefore, the same would not result in the forfeiture of the rights, in case the credit is not availed within the period prescribed.
Relevant Extract of Advance Ruling Order in Case of M/S EMPATHIC TRADING CENTER, Karnataka Bench The proprietor of M/s. Empathic Trading Center has field an application for advance ruling under section 97 of the CGST Act, 2017 read with Rule 104 of CGST Rule 2017 and section 97 of KGST Act, 2017 read with Rule […]
A critical analysis on the provisions of Tax Deductions at sources with respect to rental income & brokerage /commission income on immovable Properties (Updated as per Finance Act , 2020) In order to enhance the effectiveness of the discussion, I would like to present it in Frequently asked questions and answers Mode – 1) Normally […]
