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Orissa HC in the case of Prasanna Kumar Bisoi Versus Union of India
W.P.(C) NO.13190 OF 2020 Case Covered: Prasanna Kumar Bisoi Versus Union of India Order: 21.08.2020 BP Heard learned counsel for the petitioner and Mr.T.K.Satpathy, learned counsel for Central Excise. 2. The grievance of the petitioner in this Writ Petition is that he is registered under
ITAT: Validity of a Notice issued to an amalgamating company which is no more existent.
Appellant: M/s Siemens Power Engineering Pvt. Ltd. (SPEPL) [now merged with M/s Siemens Ltd.] Respondent: Assistant Commissioner of Income Tax. FACTS: The assessee raised many grounds of appeal, among which one of them was considered to be very crucial as it goes to the root
Difference Between Director & Additional Director
Difference Between Director & Additional Director Director As per Section 2 (34) of the Act prescribed that “director” means a director appointed to the Board of a company. As a company is formed by its members who are the actual owners of the company
CBIC Issued Press Release on Interest on Delayed Payment of GST
Interest on delayed payment of GST: CBIC The Central Board of Indirect Taxes & Customs (CBIC) today clarified that the Notification No. 63/2020- Central Tax dated 25th August 2020 relating to interest on delayed payment of GST has been issued prospectively due to certain technical
Interest on Net Cash Liability
Interest on Net Cash Liability Amendment to Section 50 notified w.e.f. 01.09.2020 Section 100 of Finance Act inserting a proviso to Section 50(1) has been notified w.e.f. 01.09.2020 vide Notification No. 63/2020-CT dated 25.08.2020. The proviso to Section 50(1) Interest on net cash liability where •
Tax Authorities can’t give interpretations to legislative provisions on the basis of their own perception of trade practices: SC
Tax Authorities can’t give interpretations to legislative provisions on the basis of their own perception of trade practices: SC The Supreme court held as illegal the circulars issued by the Rajasthan Commercial Tax department, which stated that goods imported from other states will be regarded
Timeline – Payment of Interest on Net Cash Liability – GST
Timeline – Payment of Interest on Net Cash Liability – GST 1. 31st GST Council Meeting held on 22nd December 2018 – Agenda Item 7(xx): Proposal for amendment of Section 50 of CGST Act, 2017 to allow payment of interest on net cash liability –
In case of conflict, can the Provisions of Income Tax Act prevail over Accounting Standards ?
APPELLANT: DCIT Central Circle 2 (2), Bengaluru RESPONDENT : M/s Cornerstone Property Investment (P) Ltd. FACTS OF THE CASE: Appeal has been filed by the revenue against the order to CIT(A) for the following two issues: Whether on facts and in law, the CIT(A) was
Process of Aadhaar Authentication while applying for New Registration on GST Common Portal
In this article we will discuss about Aadhaar Authentication Procedure while applying for New Registration on GST Common Portal. Aadhaar authentication has been mandated w.e.f 21/08/2020, at the time of taking new registration on the common portal. N/N 62/2020-CT brings an amendment to CGST Rules,
MCA Amends Schedule VII of Companies Act, 2013
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 24th August 2020 G.S.R. 525(E).—In exercise of the powers conferred by sub-section (1) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following further amendments in Schedule VII to
Online Information Database Access And Retrieval: OIDAR
Online Information Database Access And Retrieval: OIDAR OIDAR Services are a category of services whose Delivery is mediated through the internet & its supply is essentially automated involving minimum or zero human intervention also its supply is impossible without information technology. Examples of OIDAR services:
Input Service Distributor (ISD)
Input Service Distributor (ISD) Definition – As per Section 2(61) of CGST Act,2017, Input Service Distributor means an office of the supplier of goods or services or both which receives tax invoices issued under section 31 towards the receipt of input services and issues a