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 …

Ashok Kumar Dixit, Joint Secretary appointed as Director (Discipline) of the Institute of Company Secretaries of India w.e.f. 1st September, 2020 THE INSTITUTE OF COMPANY SECRETARIES OF INDIA NOTIFICATION New Delhi, the 28th August, 2020 ICSI No. 1 of August, 2020.—The Council of the Institute of Company Secretaries …