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GST ComplianceFinance Bill, 2021 receives the assent of the President: When would the GST related amendments become effective?
The Finance Bill, 2021 (‘the Bill’) presented by the Finance Minister on February 01, 2021, has finally received the assent of the President on March 28, 2021, and with that, the Bill stood enacted and has come into existence as the ‘Finance Act, 2021’
GST ComplianceAAR Update- GST @5% applicable on pick up charges paid to the owner/driver
This post provides an update about the recent decision of the Karnataka Authority for Advance Ruling (‘AAR’) in the case of M/S KOU-CHAN TECHNOLOGIES PVT LTD (AAR No. KAR ADRG 22/2021) (“The Applicant”). The AAR was dealing with the transactions involved in a business model
GST LitigationOrissa HC in the case of M/s Indian Farmers Fertilizers Co-Operative Ltd. Vs UOI
Case Covered: M/s Indian Farmers Fertilizers Co-operative Ltd Vs Union of India Order: 1. This matter is taken up by video conferencing mode. 2. On the previous date, the Court had passed the following order: “Heard Mr. P.K. Jena, learned counsel for the Petitioner and
ROC FilingsKey Developments in Companies Act 2013
Amendment To Schedule-III Applicability: Applicable on All Companies for the Financial Year on or after 01st April 2021 i.e, for the Financial Statements ending as on 31St March 2020 (F/Y 2021-22) Purpose: To provide more transparency; To align the Companies Financial Statements in accordance with
Income Tax LitigationDelhi ITAT Order in the case of ACIT V/s. M/s GTM Builders & Promoters Pvt. Ltd.
Case Covered: ACIT Versus M/s GTM Builders & Promoters Pvt. Ltd. Facts of the Case: The present appeal has been filed by the revenue against the order of ld. CIT(A)-41 , New Delhi dated 25 .03.2015. Following grounds have been raised by the revenue: “1.
EducationHow To Make A Career In Taxation ?
Introduction In this time of Pandemic, there is only one thing running without any break. That is compliances and litigation. No matter what is the situation outside, Businesses find it inevitable to do the compliances. This time has opened the floodgates of opportunities in the
GST LitigationDelhi HC in the case of Del Small Ice Cream Manufacturers Welfare’s Association (Reg.)
Case Covered: Del Small Ice Cream Manufacturers Welfare’s Association (Reg.) Versus Union of India Facts of the Case: The petitioner, claiming to represent the interest of more than 50 small scale ice cream manufacturing units operating in the National Capital Territory of Delhi has filed
GST ComplianceSupply of Goods with Installation Services- Composite Supply or Independent Supply?
In an Application filed before AAR, Karnataka by M/S. Bharat Earth Movers Limited, (BEML) Facts: The applicant has participated in the Tender and was a successful bidder for the Supply of “150 numbers of Standard Gauge Intermediate Cars compatible with and suitable for integration with
ROC FilingsPresentation on Amendments in Schedule III
Division II (Ind AS) Ministry of Corporate Affairs (MCA) has brought value-adding disclosures in Schedule III of the Companies Act, 2013 vide notification dated March 24, 2021. These will provide vital information to stakeholders which were otherwise not available to stakeholders. Amendments have been made
GST LitigationSC Order in the case of Ghanashyam Mishra And Sons Private Limited
Case Covered: Ghanashyam Mishra And Sons Private Limited Versus Edelweiss Asset Reconstruction Company Limited Facts of the Case: The short but important questions, that arise for consideration in this batch of matters are as under: (i) As to whether any creditor including the Central Government,
GST ComplianceClarification on Reporting 4-digit/6-digit HSNs: CBIC
GST helpdesk is in receipt of some tickets at helpdesk wherein it was reported that certain 6-digit HSN codes are not available in HSN Master/ not accepted on e-invoice/e-Waybill portals. Background: Notification No. 12/2017-Central Tax dated June 28, 2017, as amended vide Notification No. 78/2020
GST LitigationDelhi HC in the case of Back Office IT Solutions Private Limited Versus Union of India
Case Covered: Back Office IT Solutions Private Limited Versus Union of India Facts of the Case: Mr. Puneet Agrawal, who appears on behalf of the petitioner company, says that, although several grievances and resultant reliefs have been sought, in the instant writ petition, for the