Clarifications issued by the CBIC on filing of refund application where NIL return has already been filed and favorable order received in appeal or any other forum. Following is the key point related to such circulars issued on 3rd October 2019. Circular No. 110/29/2019- GST dated: 3rd October 2019 Allow to file a re-claim for […]
The Central Board of Indirect Taxes and Customs (CBIC) has issued notifications and Circular under GST Laws to implement the recommendation of the 37th GST Council held on 20th September, 2019. The summary of notification have been given in a tabular manner for easy understanding: S. No GST Notification No Summary of the Notification 1. […]
Checklist on compliance of various Provisions under Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 [Updated upto: 30.09.2019] S. No Relevant Rule Compliances E-Form Due Dates 1 5(1) Company shall file Form IEPF-1 and statement in excel template with the IEPF Authority and thereafter shall credit the amount specified under […]
Introductions: CSR which stands for Corporate Social Responsibility is a mode for corporate entities to give back to the society they are functioning in for the welfare of the same. In India, CSR was introduced first time in Section 135 of Companies Act, 2013. After that law related to CSR has been undergone some changes. […]
Introduction: The shipping industry is a vital part of global freight transportation which caters global trade supply-chain. More than 90% of the world trade is through oceans as it is the most affordable and efficient mode of transporting goods, where large volume of goods can be carried on vessels for long distances at a fraction […]
Basics of RERA The much needed Real Estate (Regulation and Development) Act, 2016 came into effect on 1st May, 2016. 59 of 92 Sections of the Act were notified on 15 April, 2016 making them effective from May 1, 2016. This enabled preparation of Real Estate Rules, setting up of Regulatory Authorities and other infrastructure. […]
Foreign Trade Policy 2015-20 and other schemes provide promotional measures to boost India’s exports with the objective to offset infrastructural inefficiencies and associated costs involved to provide exporters a level playing field. At present there are multiple export promotion schemes as per FTP – 2015-20, as shown below, but none of the schemes meets all […]
The Taxation Laws (Amendment) Ordinance, 2019 has been promulgated by President of India on 20th September, 2019 with a view to amend Income Tax Act, 1961 and Finance Act (No. 2), 2019. The ordinance intends to provide impetus to the growth amidst the ostensible slowdown. Highlights of the said ordinance include: 1. Reduction of corporate […]
As the due date for filing GST returns for the month of September draws nearer, one should keep in mind the various points relating to FY 2018-19 for which the due date of filing the return for September is the last date. While availing any input tax credit relating to FY 2018-19 not claimed yet […]
Article explains What is Reverse Charge, Analysis of provisions stated under Section 9(3) and Section 9(4) of the CGST Act, Journey of Section 9 (4) of the CGST Act from 01-07-2017 to 31-01-2019, Input Tax Credit provisions in regard of Reverse Charge Mechanism, Set Off of Reverse Charge Liability, Time of Supply in the case […]
