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All News

29 May 20
CBIC enables Facility for Registration of Insolvency Resolution Professionals on GST Portal
18% GST applicable on Works Contract for NCBS: AAR
12% GST applicable to Kraft Paper, Honeycomb Board or Paper Honeycomb Board: AAR
Excess ITC has to be Refunded back to Dealer, can’t be carried Forward for Adjustment of Future Tax Liability: Madras HC
28 May 20
Collector of Stamps erred in not Adverting to Sale Value approved by Charity Commissioner in case of Trust’s Sale Deed: Bombay HC
Consumer Companies Requested to Reduce GST Rates to Boost Demand
MCA amends Schedule VII of Companies Act, 2013 by inserting ‘PM CARES’ as CSR
RTA Registration Fee collected from Vehicle Buyers Taxable only If Dealer does not discharge Statutory Liabilities: ITAT
27 May 20
Consumer companies seek GST cut to help push sales
Voluntary Transfer Pricing adjustment eligible for Income Tax Deduction u/s 10AA: ITAT grants Relief to EY
Accidental Recovery of Narcotic Drug by Income Tax Officers would not constitute “Seizure” under NDPS Act: Bombay HC grants relief to Top Birla Executive
Fraudulent Trading in Mindvision Capital Shares: SAT affirms Penalty imposed by SEBI
26 May 20
Sources Declined Rumors About FM’s Plan to Impose COVID Cess on GST
Bombay HC permits NAA to visit premises of Company to Obtain Records amid COVID-19 Lockdown
Income from Maintenance Services Taxable as ‘Other Income’ can’t be included in Rental Income: ITAT
Assam Excise Officials have Power to Search and Seize consignments were exported from a State and imported to another: Gauhati HC
25 May 20
Ministry Of Finance Rubbishes Reports Claiming The Probable Imposition Of Calamity Cess Over GST
ICAI issues Guidance Note on Subsequent Events-Key Audit Considerations amid COVID-19
Tamil Nadu extends various GST Returns Due Dates
24 May 20
Calamity cess on GST: plan on Govt table to tide over Covid crisis
RBI extends Loan Moratorium by 3 Months from June 1
23 May 20
Disallowance under section 40A(3) – Whether Automatic?
Satisfaction Note by AO that Documents belong to Other Person is enough to proceed against such Person u/s 153C: SC
CBIC Made Some Amendments in Standard Operating Procedure for IGST Verification
22 May 20
OVID-19: Jharkhand Govt hikes VAT on Liquor by 25%
CBDT notifies Income Tax (9th Amendment) Rules, 2020: Safe Harbour Rules Extended
Appeal filed by Non-Resident Company shall be Signed and Verified by PoA Holder Authorized to Verify Return: ITAT
Government May Come Up with a GST Loan to Benefit MSMEs
MCA extends Period for Filing of Names for Companies and Re-Submission of Forms
21 May 20
ESIC extends Time Limit for Filing Return of PF Contribution for the period October 2019 to March 2020 [Read Circular]
COVID-19: Punjab Govt extends Deadline for Outstanding House Tax, Property Tax
CBDT exempts B2B Businesses from Mandatory Digital Payment Facility
High GST Rate Applicable for Licensed Software’s DVDs & CDs: AAR
Central Govt. releases ?15,340 cr GST Compensation to States
20 May 20
ITC can be availed on Detachable Sliding and Stackable Glass: AAAR
Development of Landscape & Garden Maintenance Work for Govt. Undertakings Will Attract GST
ICSI requests Nirmala Sitharaman to amend GST Law
Special Economic Zones & Export Oriented Units Issues Clarified
19 May 20
Government Notifies Amendment To Limit Pre-GST Tax Credits
Depositing Timber with Govt. Timber Depot for Disposal Amounts to Supply, Taxable under GST: AAAR
CBIC Released Retrospective Amendment Notification in Section 140 of CGST Act
GST compensation to states pending for Dec-March FY20
Applicant executing Independent Work can’t be treated as Sub-Contractor: AAR
18 May 20
GST to be Charged on Mining Licenses at the Rate of 18%: AAR
ASSOCHAM Represents MSMEs for Stimulus Packages & GST Relief
Govt plans income tax, GST refunds for large companies to ensure liquidity
17 May 20
No Jurisdiction of AO in Reopening of Assessment after 4 years by
Delhi HC allows Bail to Accused of Corporate Fraud Case since Trial not possible due to Lockdown
16 May 20
CBIC extends Time limits for Furnishing various Forms, Statements and Payment of Dues under Sabka Vishwas Scheme
Revisional Assessment is invalid If not passed within Two Years of Original Assessment: ITAT grants Relief to Jindal Steel
Pay GST in Installment, and on the Basis of Receipts Instead of Invoices