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Supreme Court in the case of Union of India Versus M/s V.V.F Limited
Case Covered: Union of India & Another Etc. Etc. Versus M/s V.V.F Limited & Another Etc. Etc. Introduction: The SC in the case of Union of India Vs VVF Ltd Appeal No.2256=2263/2020 dt 22.4.2020 allowed the Appeal filed by Government in respect of a refund
Advocate Pradeep KumarApr 24, 2020Interest recovery without a show cause notice
Interest recovery without a show cause notice: The validity of Interest recovery without a show cause notice. Interest in GST has a journey of controversies. The calculation of interest at gross amount was a bone of contention earlier. Then it saw many courts. Opposition from
CA Shafaly GirdharwalApr 24, 2020Crisis ahead for NBFC
Crisis ahead for NBFC COVID 19 brings in a lot of risk for NBFC. The industry believes that the aftermath of this virus is surely going to infect Balance sheets of various NBFC. Risk of NPA Experts believe that being economy coming to
Tarun BhatiaApr 23, 2020Notification No. 37 /2017 – 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 Excise and Customs] Notification No. 37 /2017 – Central Tax New Delhi, the 4th October 2017 G.S.R….(E).-
Two major reforms for reduction in Physical Interface and enhancing Ease of Doing Business
Two major reforms for the reduction in Physical Interface and enhancing Ease of Doing Business • Electronic Transmission of Out of Charge copy of Bill of Entry (eOOC) • Electronic Transmission of E-Gate pass (eGatepass) *This presentation is only for training purposes – For details
Notification No. 28/2017-Central Tax (Rate)
Notification No. 28/2017-Central Tax (Rate) [TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 28/2017-Central Tax (Rate) New Delhi, the 22nd September 2017 G.S.R. (E).- In exercise
GST ComplianceRESTAURANT AND OUTDOOR CATERING SERVICE
RESTAURANT AND OUTDOOR CATERING SERVICE RESTAURANT SERVICE Restaurant Service as the term denotes is not limited to service from the restaurant but covers all the services supplied from the restaurant, eating joint, mess, canteen Further, there is no restriction on the ownership of the premises.
CA Rachit AgarwalApr 23, 2020Curtailing FDI from neighboring countries to protect domestic markets
Curtailing FDI from neighboring countries to protect domestic markets The government of India has reviewed the extant FDI policy for curbing opportunistic takeover/ acquisitions of Indian companies due to COVID 19. Background : Foreign direct investment or FDI can route into India through
Tarun BhatiaApr 23, 2020
GST ComplianceStep by step process to file GST PMT 09
What is PMT 09? GST PMT 09 is the form to transfer the tax paid in the wrong head. It was waited for long. Now we can file GST PMT 09. The following transfers are possible. Below is the table for tax deposited in IGST.
CA Shafaly GirdharwalApr 23, 2020Notification No.43/2019-Central Tax, dt. 30/09/2019
[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) Notification No.43/2019-Central Tax New Delhi, the 30 September, 2019 G.S.R. (E).- In exercise of the powers conferred under the proviso
Clarifications on Vivad se vishas scheme
Circular No. 9/2020 Sub: Clarifications on provisions of the Direct Tax Vivad se Vishwas Act,2020-reg. During the Union Budget, 2020 presentation, the ‘Vivad se Vishwas’ Scheme was announced to provide for dispute resolution in respect of pending income tax litigation. Pursuant to Budget announcement, the
Arrest Under GST And Code Criminal Procedure, 1973 For Bail
Arrest Under GST And Code Criminal Procedure, 1973 For Bail Provisions relating to prosecution with respect of evasion of tax being imprisonment is contained in Section 132 of CGST Act, 2017 which is akin to Section 9 and Section 9A of the Central Excise Act,
CA Rachit AgarwalApr 23, 2020