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GST High Court Jurisprudence in 2020 & Outlook for 2021 (HC Cases)
GST High Court Jurisprudence in 2020 & Outlook for 2021 (HC Cases) Rule 96(10) Relevant Provisions NN 39/2018 Dated 04-09-2018 • Rule 96(10) substituted wherein Exporter denied a refund of IGST paid on exports if availed benefit under specified notifications. • Retrospective effect from 23-10-2017
Notification No. 01/2021 – Customs (N.T.)
Notification No. 01/2021 – Customs (N.T.) [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the 04th January 2021 NOTIFICATION No. 01/2021 – Customs (N.T.) G.S.R.___ (E). –
Notification No. 02/2021–Customs (N.T.)
Notification No. 02/2021–Customs (N.T.) [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the 4th January 2021 NOTIFICATION No. 02/2021–Customs (N.T.) G.S.R. 5(E).—In exercise of the powers conferred by
Implementation of RoDTEP Scheme in Customs Automated System – Declarations in Shipping Bill and further processing
Implementation of RoDTEP Scheme in Customs Automated System – Declarations in Shipping Bill and further processing Kind reference is drawn to the press note dated 31.12.2020 (copy enclosed) issued by CBIC on the new RoDTEP scheme being operationalized from 01.01.2021. Necessary changes in the System
Benefits of Filing Income Tax Return
Benefits of Filing Income Tax Return Easy Loan Approval: Filing the ITR will help individuals, when they have to apply fora vehicle loan (2-wheeler or 4-wheeler), House Loan, etc. All major banks can ask for a copy of tax returns. Claim Tax refund: if you
Violation of Natural Justice, Petitioner Plea Rejected Without Any Reasons
Violation of Natural Justice, Petitioner Plea Rejected Without Any Reasons 2021 (1) TMI 59 – Madras High Court in M/S. Sangeeteha Match Works, Versus The State Tax Officer (Inspection Cell), Virudhunagar. Facts In respect of the assessment year 2017-2018, there were 33 defects in the
Advisory for RoDTEP (Remission of Duties and Taxes on Exported Products) Incentive Scheme
Advisory for RoDTEP (Remission of Duties and Taxes on Exported Products) Incentive Scheme A new scheme, RoDTEP (Remission of Duties and Taxes on Exported Products) has been launched by the government for exporters. The scheme provides for a rebate of Central, State, and Local duties/taxes/
MCA Notifies Companies (Meetings of Board and its Powers) Fourth Amendments Rules, 2020
G.S.R. ……….(E). – In exercise of the powers conferred by sections 173,177,178 and Section 186 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Meetings of Board and
Notification No. 01/2021 – Central Tax
Notification No. 01/2021 – Central Tax [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 01/2021 – Central Tax New Delhi,
GST – Changes from 1.1.2021
GST – Changes from 1.1.2021 S. No. Proposed change Impact Suggestion 1. Reduction of provisional credit limit under Rule 36(4) from 10% to 5% Negative The limit should not be reduced till the system settles the matching mechanism – Rules should be clear in terms
Measures recommended by GST Council to curb fake dealers/invoice rackets notified
Press Release Measures recommended by GST Council to curb fake dealers/invoice rackets notified In-Person Verification Must For GST Registration, Identification of bogus dealers through data analytics and suspension Mandatory 1% GST payment for those risky dealers and fly-by-night operators who show unusual large turnovers and
Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme gets implemented from 01.01.2021: PIB
Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme gets implemented from 01.01.2021 Taking a major step to boost exports, the Government has decided to extend the benefit of the Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) to all export