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Update on Foreign Trade Policy 2015-20 w.e.f. 01st April 2020
Update on Foreign Trade Policy 2015-20 w.e.f. 01st April 2020 1. FTP and HBP 2015-20 Existing Foreign Trade Policy 2015-20 and Handbook of Procedures 2015-20 to continue till 31st March 2021, due to COVID-19 pandemic (Coronavirus) crisis. Related Topic: Services Export from India Scheme (SEIS)
HC Upholds constitutional validity of Sec 234E imposing a late fine on TDS TCS statement
Case Covered: Qatalys Software Technologies Private Limited Versus Union of India Read the full text of the case here. Facts of the case: W.P.Nos.13331, 13118 and 13377 of 2019 have been filed by Qatalys Software Technologies Private Limited, QSource Global Consulting Private Limited and Jeans
New Delhi Television Ltd. V/s. Deputy Commissioner of Income Tax
Citations: Section 143 of the Income Tax Act, 1961 Claggett Brachi Co. Ltd., London vs. Commissioner of Income Tax, Andhra Pradesh M/s Phool Chand Bajrang Lal and Another vs. Income Tax Officer and Another Ess Kay Engineering Co.(P) Ltd. vs. Commissioner of Income Tax, Amritsar Honda Siel Power Products
GST on Director’s salary
GST liability over Director’s salary or remuneration The ruling of AAR Rajasthan in the case of Clay Craft raised the eyebrows again. We all know that services by an employee to an employer are out of the preview of GST. But the ruling denied this
CA Shafaly GirdharwalApr 8, 2020Rajasthan AAR Order in the case of M/s Clay Craft India Pvt Ltd
Case Covered: M/s Clay Craft India Pvt Ltd J.P Meena Additional Commissioner ; Member (Central Tax ) Hemant jain Additional Commissioner ; Member (State tax) Name and address of the Applicant ; M/s Clay Craft India Pvt Ltd .’ F – 766A, F -766
Taxability of Salary, Allowances, Commission, Benefits, Perks, Under GST – Both Non-Executive And Executive Director of a Company.
Taxability of Salary, Allowances, Commission, Benefits, Perks, Under GST – Both Non-Executive And Executive Director of a Company. As we all know there are are two types of Directors under the Companies Act, 2013 (i) Working Directors like (a) Managing Director, (b) Whole-time Director, and
Advocate Pradeep KumarApr 8, 2020SC decision in case of NDTV
Case Covered: New Delhi Television Ltd. Versus Deputy Commissioner of Income Tax Facts of the case: The appellant New Delhi Television Limited (hereinafter referred to as ‘the assessee ’) is an Indian company engaged in running television channels of various kinds. It has various foreign subsidiaries to which we shall refer in detail later on but we are concerned mainly with the subsidiary based in the United Kingdom
Madras HC in the case of Qatalys Software Technologies Private Limited
Citations: OM PRAKASH AGARWAL AND OTHERS Vs. GIRI RAJ KISHORI AND OTHERS {1986 (1) SCC -722} RASHMIKANT KUNDALIA Vs. UNION OF INDIA {(2015) Sona Chandi Oal Committee v. State of Maharashtra B.S.E. Brokers’ Forum v. Securities and Exchange Board of India Sreenivasa General Traders
GST Refunds Technical glitches need immediate attention
GST Refunds Technical glitches need immediate attention 1.1 Why GST refunds issues need attention? Export sales are already heavily impacted and will continue to be impacted in coming months Even receivable for services/goods already supplied may not be received in coming months As exporters continue
Pritam MahureApr 8, 2020Brief Analysis of Notifications Issued on 3rd April 2020
Brief Analysis of Notifications Issued on 3rd April 2020 INTEREST ON DELAY PAYMENT OF TAX PERIOD FOR FEBRUARY, MARCH, APRIL 2020 Notification No- 31/2020 dated 03.04.2020 Our Comments: Turnover above Rs. 5 Crore LATE FEES ON FILING OF GSTR 3B Notification No- 32/2020 dated 03.04.2020
CA Rachit AgarwalApr 7, 2020Join our free webinar on 10th April 2020 (5 PM- 6 PM) on Major relief provided in GST due to COVID-19 by Nikhil M Jhanwar
About the course: Speaker will discuss various GST notifications issued on 3rd April 2020 providing various reliefs in form of interest, late fee, deferment subject to certain conditions. Further, a brief discussion will also be made on the extension in foreign trade policy. About the course
Join our free webinar on 13th April 2020 (5 PM- 6 PM) on Force Majeures triggered due to Covid -19 by Amit Kumar Kedia
About the course: Webinar Session for the Developers, Builders, Agents, Architects, Engineers, Lawyers Manufacturer Chartered Accountants, Company Secretary & Cost Accountants) on “Impact of Corona Pandemic on Indian Economy and thereby triggering of Force Majeures ” Presentation and addressing your queries. Topic Coverage is as under: