Govt asks States to avail borrowing options to meet GST shortfall for 2020-21 The Government has communicated to the States, the two borrowing options to meet the GST Compensation requirement for 2020-21 consequent to the discussions in the 41st meeting of the GST Council held on 27th August, …
CBIC to Roll out GST Investigation Module – Phase-1 from 1st September 2020 At the instance of Directorate General of GST Intelligence – DGGI, CBIC , the Directorate General of Systems and Data Management, Bengaluru Zonal Unit has developed an Investigation (Enforcement) module which works as a sub-module …
Form GSTR-2B, ITC Statement available for download on GST Portal for taxpayers GSTR-2B is an auto-drafted Input Tax Credit (ITC) statement generated for every recipient, on the basis of the information furnished by their suppliers, in their respective Form GSTR-1 & 5 and Form GSTR-6 filed by ISD. …
Gas regulating measuring equipment installed at customers site fulfills the description in Section 65(105)(zzzzj) of a taxable service – SC ABACUS Case Law CitationABCAUS 3376 (2020) (08) SC Important case law relied upon by the parties:Indian National Shipowners’ Association and Anr. v. Union of India and others The …
Payment received for shares, duly issued cannot be a debt under Insolvency and Bankruptcy Code. Personal loan to Promoter/Director cannot trigger CRIP -SC ABACUS Case Law CitationABCAUS 3375 (2020) (08) SC Important case law relied upon by the parties:Innoventive Industries Ltd. v. ICICI Bank and Anr.B. K. Educational …
Provision for display of companies annual return on website applicable from 28.08.2020. Web-link of annual return to be disclosed in the Board’s report MINISTRY OF CORPORATE AFFAIRSNOTIFICATION New Delhi, the 28th August, 2020 S.O. 2920(E).—In exercise of the powers conferred by sub-section (2) of section 1 of the …
