Month: June 2020
CBDT makes 272 transfer/postings in the grade of Assistant / Deputy Commissioner of Income Tax. CBDT has made 215 transfer/postings in the grade of Assistant / Deputy Commissioner of Income Tax. In addition, 41 transfer/postings of review cases has also been made. Further 16 transfer/postings have been done …
Late fee for GSTR-3B return for July 2017 to January 2020 reduced / waived in 40th GST council meeting – Read other recommendations Recommendations of 40th GST council meeting related to Law & Procedure The 40th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt …
Exemption u/s 54F allowed as vendor insisted for execution of two sale deeds to avoid TDS as agreement for purchase of property was not disputed ABCAUS Case Law Citation:ABCAUS 3319 (2020) (06) ITAT In the instant case, the appeal was filed by the assessee against the order passed …
Promoters daughters are immediate relatives and part of promoter group irrespective of marriage or living a separate life or no involvement in management – SEBI Promoters daughters are part of promoter group SEBI replying to a informal guidance has stated that by virtue of the definition of ‘promoter …
Refund of accumulated ITC restricted to invoices uploaded by supplier in FORM GSTR-1 and reflected in FORM GSTR-2A of applicant Circular No. 139/09/2020-GST CBEC-20/06/03-2020 -GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing**** New Delhi, Dated the 10th June, 2020 To,The Principal …
GST not applicable on Director’s remuneration if subjected to TDS u/s 192 of Income Tax Act 1961. CBIC Clarification Circular No: 140/10/2020 – GST CBEC-20/10/05/2020 -GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing New Delhi, dated the 10th June, 2020 ToThe …
FAQ on filing Nil GSTR-3B return through SMS Facility, Verification Code and Post filing return, Error Messages, Description and Solution. Recently, the Govt. rolled out facility of filing of NIL GST Return through SMS to substantially improve ease of GST compliance. The filing of nil GSTR-3B returns by …
GST Special Procedure notified for Daman & Diu and Dadra & Nagar Havel extended MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 45/2020–Central Tax New Delhi, the 9th June, 2020 G.S.R.360(E).—In exercise of the powers conferred by section 148 of the Central Goods …
Time limit for rejection of GST refund extended to 15 days after receipt of reply to the notice MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 46/2020–Central Tax New Delhi, the 9th June, 2020 G.S.R.361(E).—In exercise of the powers conferred by section 168A …
Extension of validity of e-way bill expiring between 20.03.2020 to 15.04.2020 to 30.06.2020 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, the 9th June, 2020 Notification No. 47/2020–Central Tax G.S.R.362(E).—In exercise of the powers conferred by section 168A of the Central Goods and …