Some important issues allied with newly inserted Sub rule 4 in Rule 36 of CGST Rules 2017. To comply with recommendations made by GST Council decision, Central Government, vide Notification No. 49/2019 – Central Tax, makes the amendment in rules to amend the Central Goods and Services Tax Rules, 2017. Where in Government inserted sub […]
The Government of India has issued several notifications (Notification No. 44/2019-Central Tax to Notification No. 49/2019-Central Tax) yesterday i.e. on 09-10-2019 for effecting several changes in the prevailing GST Rules and Law. The changes has been made either to give effect of the judicial pronouncements or to grant appropriate relief to the assessees. The crux […]
CBIC has made the following changes in GST Rate in relation to Job Work vide Notification No.- 20/2019-CT (R) Dated: 30 Sep 2019. Changes are effective from 1st October 2019.Changes in Rates are as follows:- i) For diamond related services Rate of GST reduced from 5% to 1.5% on supply of job work services in relation […]
Introduction Notification No. 49/2019 dated 9-10-2019 places the 20% as maximum cap for availing ITC on Invoices not uploaded by the supplier. The discussion here in is centred around this new Rule of law.: Following points need to be considered before analysing this new Rule Para 4 of Press Release dated 18-10-18 stares in face […]
Notification No.22/2019-C.T (Rate) dated 30.09.2019 With respect to the services of transfer or permitting the use or enjoyment of a copyright relating to original literary works supplied by an author to a publisher, the author is given a choice to either pay the GST under forward charge, else the publisher located in India would be […]
Section 82 of Companies Act, 2013 read with Companies (Registration of Charges) Rules 2014– Company to report satisfaction of charge (1) A company shall give intimation to the Registrar in the prescribed form, of the payment or satisfaction in full of any charge registered under this Chapter within a period of 30 days from the […]
MINISTRY OF URBAN DEVELOPMENT notified on 24th November, 2016 under section 84 and in pursuance of sub-clause (iii) of clause (g) of section 2 of the Real Estate (Regulation and Development) Act, 2016, the National Capital Territory of Delhi Real Estate (Regulation and Development) (General) Rules, 2016. The Rule gives the detailed procedure regarding composition […]
Unlike in FY 2017-18 where the assesses were provided with extension of time limit for rectifying the errors or omissions and availment of input tax credit through removal of difficulties (ROD) order no. 02/2018, the time limits for FY 2018-19 have yet been extended.
Further Changes Pursuant to The 37th GST Council Meeting in GST Law and Rules vide CBIC Central Tax notification No. 44 to 49/2019 dated 9th October 2019. Pursuant to the decisions taken at the 37th GST Council meeting, following changes have been made via issuance of notifications dated 09th October, 2019. A. DUE DATES FOR […]
Whether Section 12A is beneficial in the resolution process is debatable. Section 12A has proved to be beneficial only in cases where the amount in dispute is very less or wherever it is possible the Corporate Debtors makes an effort to settle it with the Creditors and this way the Creditors get the whole amount of claim or a better deal than what he might get if the company goes into insolvency, also the Corporate Debtor is able to retain control over the company.
