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Clarification on export of Gems and Jewellery through Courier mode Circular No. 52/2020-Customs F.No. 455/03/2020-Cus.VGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes & Customs************ Room No. 49, North Block.New Delhi, dated the 27th November 2020 To,All Principal Chief Commissioners/Chief Commissioners of CustomsAll Principal Directors General/Directors …
Taxpayers not to wait for auto-population of e-invoice details into GSTR-1 for months of Nov 2020 and Oct 2020 Update on auto-population of e-invoice details into GSTR-1 1. Certain notified taxpayers have been preparing and issuing invoices by obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) …
Non striking of applicable limb of penalty clause u/s 271(1)(c) in notice-Supreme Court dismisses SLP of the Income Tax Department ABCAUS Case Law CitationABCAUS 3426 (2020) (11) Important case law relied upon by the parties:Commissioner of Income Tax v/s Shri Samson PerincheryPrincipal Commissioner of Income Tax v/s New …
Waiver of penalty payable for non compliance of the provisions of capturing dynamic QR code in GST Invoice Government of IndiaMinistry of Finance (Department of Revenue)Central Board of Indirect Taxes and Customs Notification No. 89/2020–Central Tax New Delhi, the 29th November, 2020 G.S.R……(E). -In exercise …
Standard Operating Procedure for verification of taxpayers granted deemed GST registration Instruction No. 4/3/2020-GST CBEC-20/13/06/2020-GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing**** New Delhi, Dated the, 27thNovember, 2020 To,The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/Commissioners of Central Tax (All)The …
Prosecution proceedings under Income Tax to be clubbed for different complaint cases on same material, evidence, documents and allegations ABCAUS Case Law CitationABCAUS 3425 (2020) (11) HC Important case law relied upon by the parties:Chandni Srivastava vs. CBI & OrsMohan Baitha vs. State of Bihar AIR 2001 SC …
Govt. constitutes advisory board u/s 8 of COFEPOSA for proceedings related to detention orders MINISTRY OF FINANCE(Department of Revenue)(CENTRAL ECONOMIC INTELLIGENCE BUREAU) NOTIFICATION New Delhi, the 26th November, 2020 G.S.R. 737(E).—In exercise of the powers conferred by clause (a) of Section 8 of the Conservation of Foreign Exchange …
CBDT to validate Unique Document Identification Number (UDIN) generated from ICAI portal at the time of upload of Tax Audit Reports The Institute of Chartered Accountants of India, in its gazette notification dated 2nd August, 2019, had made generation of UDIN from ICAI website mandatory for every kind of …
Cash deposits out of sale of opening stock not unexplained income. High Court upheld ITAT order which followed rule of consistency ABCAUS Case Law CitationABCAUS 3424 (2020) (11) HC In the instant case, the Revenue had challenged the order passed by the ITAT in deleting the addition on …
ICSI requests for extension of time for Annual filing of One Person Companies due to Covid-19 ICSI has requested the Ministry of Corporate Affairs (MCA) for extension of time for Annual filing of One Person Companies (OPC) due to Covid-19 upto 31st December 2020 to ease the difficulties …
