Expert Knowledge, Straight from Practitioners.

Karnataka AAR in the case of M/s T & D Electricals

Case Covered: M/s T & D Electricals Facts of the Case: M/s T & D Electricals, S-l/8, RIICO Shopping Complex, Road No. 1, VKIA, Jaipur -302013 Rajasthan, having User ID 291900000213ART, have filed an application for Advance Ruling under Section 97 of CGST Act,2017 &

Income Tax Compliance

Clause 30C & 44 of Tax Audit Has Been Further Kept at Abeyance till 31.03.2022.

Circular No. 05/2021 Order under section 119 of the Income Tax Act, 1961 Section 44AB of the Income Tax Act, 1961 (‘the Act’) read with rule 6G of the Income-tax Rules, 1962 (‘the Rules’) requires specified persons to furnish the Tax Audit Report along with

Allahabad HC in the case of Ranchi Carrying Corporation Versus The State Of U.P.

Case Covered: Ranchi Carrying Corporation Versus The State Of U.P. Facts of the Case: The present petition has been filed for the following reliefs:- “I. Issue a suitable writ, order or direction in the nature of certiorari quashing the impugned order dated 05.08.2020 passed by

Extending deadline of Companies Fresh Start Scheme and LLP Settlement Scheme: PIB

Extending deadline of Companies Fresh Start Scheme and LLP Settlement Scheme The Ministry of Corporate Affairs (MCA) through the General Circular no. 12/2020 dated 30.3.2020, launched the “Companies Fresh Start Scheme, 2020 which inter- Alia provided an opportunity to companies to make good any filing

Haryana AAR in the case of M/s Dhingra Trucking Pvt. Ltd.

Case Covered: M/s Dhingra Trucking Pvt. Ltd. Facts of the Case: The applicant has entered into an agreement with a company engaged in the business of manufacturing, sales and marketing of two-wheelers of various models and is desirous of leasing the said warehouse (logistics facility

ROC Filings

MCA Notifies Amendments in Schedule-III of Companies Act, 2013 Effective From 01.04.2021

Central Government amends the Schedule-III of the Companies Act, 2013 in the exercise of the powers conferred by Section 467 of the Companies Act, 2013. These shall come into effect from 01.04.2021. Schedule-III of the Companies Act, 2013 contains the general instructions/guidelines for the

GST Compliance

Narrow Meaning of the term “Technical Difficulty” not to be adopted in the Indian context where there are small, medium, and large scale business.

In an appeal filed before Divisional Bench of Karnataka High Court in Union Of India Ministry Of Finance, Department Of Revenue, Through Its Secretary (Revenue) Versus M/S Asaid Paints Limited 1. Rule 117(1A) suffers from the vice of vagueness as to the expression “technical

CA Rachit Agarwal

Madras HC in the case of Quantum Coal Energy (P) Ltd

Case Covered: Quantum Coal Energy (P) Ltd Versus The Commissioner Facts of the Case: W.P.(MD)No.10186 of 2014 has been filed by the importer/company, while the other writ petition has been filed by the Managing Director in his individual capacity. During the relevant time, the Government

GST Compliance

Declaration cum Undertaking

To XYZ, GSTIN: 12345 We declare following for our Company / Firm / LLP / Proprietorship having GSTIN ____________________________ Case No. Aggregate Turnover at PAN level Tick whichever is applicable 1 More than Rs. 50 Crores (in any of the preceding financial

CA Shivashish Karnani

ROC Filings

Important Changes in MCA Compliances from 1.04.2021

Introduction: MCA Notifies Companies (Audit and Auditors) Amendment Rules, 2021 in the exercise of powers conferred by sections 139, 143, 147, and 148 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013. These Rules shall come into force with effect

Madras HC in the case of Sri Kanniga Parameswari Modern Rice Mill Versus The State Tax Officer

Case Covered: Sri Kanniga Parameswari Modern Rice Mill Versus The State Tax Officer Common Order: Mr.ANR.Jayaprathap learned Government Advocate accepts notice for the respondent and is armed with instructions to proceed in the matter. Hence, by consent expressed by both parties, these Writ Petitions are