There is some report circulating on social media regarding suggestions by a few IRS officers on tackling Covid-19 situation. It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report. No permission was sought by the officers before going public with their personal views & suggestions, which is […]
(Excerpt from the Email sent by Sanjay Sapre, President, Franklin Templeton Asset Management (India) Pvt. Ltd. to investors) Dear Investor, I am personally writing to you today, to address some immediate concerns created by some well-intentioned but factually incorrect reporting across various media channels. Let me provide some clarifications point by point: 1: Reported: Winding […]
Fake news on WhatsApp claims Government giving Rs 1000 under Corona Sahayata Yojana Fact Check Unit of Press Information Bureau has today clarified in a tweet that Government of India is not giving Rs 1000 to anybody under the so called Corona Sahayata Yojana scheme. This tweet was in response to a widely circulating message […]
18 Key Highlights of PM-MODI’s address in the 11th Episode of ‘Mann Ki Baat 2.0’ on 26.04.2020 1. Mann Ki Baat’ Begins | Prime Minister Narendra Modi begins his monthly address to the nation in the 64th edition of the radio programme, ‘Mann Ki Baat’. 2. The coronavirus fight is being fought by the people […]
A division bench of the Income Tax Appellate Tribunal (ITAT), led by the Tribunal’s President Justice P.P. Bhatt, has, through web based video conferencing platform, heard and disposed of an urgent stay petition today. This is a first in the 79-year-old history of this Tribunal.
Ministry of Home Affairs issued an Order yesterday on amendments in the consolidated revised guidelines on lockdown measures to allow opening of shops.
Alert for taxpayers about non-eligibility of certain Commodities, for opting for composition, while filing Form GST REG 01 & Form GST CMP 02 or filing any non-core amendment related to option for composition. Taxpayers opting for composition and engaged in manufacturing of commodities, will be shown an alert, if they are manufacturer of certain commodities […]
Registration for TCS taxpayers: Registration in a State/ UT with address of Head Office – changes in Form GST REG-07 The GST law requires an entity to obtain registration for TCS in each State/UT, where it has an obligation to collect TCS. The E-Commerce operators were facing a challenge of having to obtain registration as […]
Extension for submission of LUT for 2020-21 Notification No. 37/2017-Central Tax, dated 04.10.2017, requires LUT to be furnished for a financial year. However, in terms of notification No. 35/2020-Central Tax dated 03.04.2020, where the requirement under the GST Law for furnishing of any report, document, return, statement or such other record falls during between the […]
ICSI made a representation to RBI GOvernor requesting Relaxation from compliance with provisions of Foreign Exchange Management Act, 1999 (FEMA) due to the COVID-19 pandemic. Text of the Same is as follows:- Institute of Company Secretaries of India ICSI:PFP: 2020 April 16, 2020 Shri Shaktikanta Das Governor Reserve Bank of India Central Office Building Shahid […]
