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GST ARA order in case of M/s Mayank Vinodkumar Jain
Case Covered: M/s. Mayank Vinodkumar Jain Facts of the case: The present application has been filed under Section 97 of the Central Goods and Services Tax Act, 2017 and Maharashtra Goods and Services Tax Act, 2017[hereinafter referred to as ”the CGST Act and MGST Act”
RECOMMENDATIONS OF 39TH GST COUNCIL MEETING
IT Related Roadmap Shri Nandan Nilekani, on behalf of Infosys, made a presentation addressing the system related issues that are being faced by the taxpayers in the GST system. He first gave a summary of the recently observed IT issues and the way forward to
Shubham KhaitanMar 16, 202039TH GST COUNCIL PROPOSALS 14/03/2020
39TH GST COUNCIL PROPOSALS 14/03/2020 INTEREST LIABILITY INTEREST FOR DELAY IN PAYMENT OF GST TO BE CHARGED ON THE NET CASH TAX LIABILITY W.E.F. 01.07.2017 Law to be amended retrospectively. Most welcome change Whether any RTP who have paid gross liability, will they get refunds?
Nitin BhutaMar 16, 2020AMENDMENTS PROPOSED IN 39TH GST COUNCIL MEETING AS PER PRESS RELEASE
AMENDMENTS PROPOSED IN 39TH GST COUNCIL MEETING AS PER PRESS RELEASE GST MONTHLY RETURNS, ANNUAL RETURNS, RECONCILIATION STATEMENT, INFORMATION RETURN 1. New GST Returns- RET-1, Annex-1, Annex-2 has been deferred for the time being till 30.09.2020. GST Returns being GSTR 1 and GSTR 3B will
CA Rachit AgarwalMar 16, 2020M/s Dharmaratnakara Rai V/s. M/s Bhaskar Raju: Supreme Court
Citations: SMS Tea Estates Private Limited vs. Chandmari Tea Company Private Limited Stamp Act, 1899 Registration Act IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL No. 1599 OF 2020 (Arising out of SLP(C) No. 7088 of 2015) M/S DHARMARATNAKARA RAI BAHADUR ARCOT NARAINSWAMY MUDALIAR CHATTRAM & OTHER CHARITIES & ORS. …APPELLANT(S) VERSUS M/S BHASKAR RAJU & BROTHERS & ORS. …. RESPONDENT(S) J U D G M E N T Leave granted. 2. Heard the learned counsel for the parties. 3. By way of present appeal, the appellants challenge the judgment and order dated 1.12.2014, passed by the single judge of the High Court of Karnataka at Bangalore in Civil Miscellaneous Petition No. 167 of 2013 whereby,Justice L.
10 important relief for taxpayers by GST council
GST council meeting was a relief for taxpayers. Many leaming issues were taken up by the GST council. Here we have compiled a brief of all issues. No GST audit requirement for taxpayers having turnover upto Rs. 5 Cr. Interest will be payable only on
No GST audit for less than 5Cr turnover taxpayers
In a big move, GSTR 9C is waived off for taxpayers having a turnover of less than 5Cr. They will be required to file an annual return only. The annual return is required to be filed in GSTR 9. For the financial year 2018-19, it
GST interest on net from 1st July 2017
The most important issue resolved by GST council in its meeting on 14th March 2020. Interest to be levied on the net amount of tax payable. This change will be applied retrospectively. There was a lot of litigation over this issue. After the case of
Join our free webinar 10 AM-12 PM today AEO program of Indian customs by Rajeshwar Singal
About the course: In this webinar, Rajeshwar Singal Ji will discuss the AEO program of Indian customs. About the course creator: Rajeshwar Singal has thirty-five years of experience in Customs, Central Excise, and Service Tax department and in Cabinet Secretariat (R&AW). He has also had extensive
Nifty gap down opening, trade closed for one hr
As expected, Nifty has opened the gap down and hit the lower circuit. Trading is halted for an hour. The same level of down was seen in 2007 over the P notes. World markets also closed in the red. It is expected to get some
Bloodbath in world markets over Corona concerns
Worldwide indices saw a sharp decline due to corona concerns. Yesterday Indian markets closed around 10% down. It is one of the historical declines. Corona is hitting more and more countries. US canceled all flights except UK. Today also it is expected to see
NCLAT Confirms Penalty on Adani Gas for Abuse of Dominant Position
Case Covered: M/s Adani Gas Limited Versus Competition Commission of India Read the full text of the case here. Facts of the case: ‘Adani Gas Limited’ (AGL) has preferred the instant appeal being appeal No. TA (AT) (Competition) No. 33 of 2017, Old Appeal No.