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GSTN portal update:The format of GST ITC-04 amended vide Notification No. 39/2018 is updated on portal
The format of GST ITC-04 amended vide Notification No. 39/2018 is updated on portal To furnish details of goods/ capital goods sent to a job worker and received back or supplied from the premises of the job worker. The format of GST ITC-04, as amended
Transitional credit: SOP by Commissioner
To, The Principal Chief Commissioners/Chief Commissioners of Central Tax Madam/Sir, Sub- Transitional Credit- Ensuring uniformity in the procedure to be followed by the field formations for examining and forwarding the representations of the taxpayers to GSTN on issues pertaining to technical glitches on the common
Exemption for goods reimported into India.
Notification No. 45/2017 – Customs G.S.R. (E).-In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) the Central Government, on being satisfied that it is necessary for the public interest so to do, hereby
Very Important announcement FILING OF WP IN MP HIGH COURT
This is to inform all the members that Tax Bar Association have filed a WP in the nature of PIL against Union of India and others challenging the glitches in the GSTN portal and for extension of Due Date of Annual return GSTR 9 and
Madras HC allows Benefit of DEPB/Duty Drawback under Import-Export Policy in case of 100% EOUs
Case covered: The Central Board of Excise and Customs Versus M/s.K.G.Denim Limited Prayer: Appeals filed under Clause 15 of the Letters Patent Act, praying to set aside the common order dated 14.11.2017 passed by this Court in W.P.Nos.11645 to 11648 of 2003. Common Judgment: Having
NO TAX & PENALTY U/S 129 OF GST FOR NON-GENERATION OF E-WAY BILL
NO TAX & PENALTY U/S 129 OF GST FOR NON-GENERATION OF E-WAY BILL Whether non-generation / non-carrying of E-way bill 01 is a contravention of the GST Act or Rules? In pursuance of such non-carrying of the E-way bill, goods and conveyance are liable
The government has filed an SLP against the order of Rajasthan high court.
The government has filed an SLP against the order of Rajasthan high court. The ruling extended the date of GSTR 9 & 9C filing without late fees up to 12th Feb. Earlier Rajasthan high court ordered filing of 9 & 9C without a late
Two important cases of Income-tax
CASE-I Case covered: Pr. Commissioner of Income Tax -1 .. Appellant Versus M/s. Ami Industries (India) P Ltd .. Respondent Facts of the case: This appeal under Section 260A of the Income Tax Act, 1961 (“the
Issues on Vivad se Vishwas Scheme by CA Ved Jain
Issues on Vivad se Vishwas Scheme The Finance Minister has introduced Direct Tax Vivad se Vishwas Bill, 2020 in the Parliament for resolution of pending tax disputes. The provisions of the Direct Tax Vivad se Vishwas Bill, 2020 are applicable to settle disputes in
Increase in Tax Audit Limit will not have much impact
1) The increase in Tax Audit threshold to Rs 5 Crores from Rs 1 Crores u/s 44 AB will not have much of impact as the GST audit limit is Still Rs. 2 Crores. 2) There is no amendment in Section 44 AD that
THE DIRECT TAX VIVAD SE VISHWAS BILL, 2020
THE DIRECT TAX VIVAD SE VISHWAS BILL, 2020 1. Short title. This Act may be called the Direct Tax Vivad se Vishwas Act, 2020. 2. Definitions. (1) In this Act, unless the context otherwise requires,— (a)”appellant” means the person or the income-tax authority or both
Streamlining export data to include District level details in Shipping Bills
To, All Principal Chief Commissioners/ Chief Commissioners of Customs/ Customs (Preventive), All Principal Chief Commissioners/ Chief Commissioners of Customs & Central tax, All Principal Commissioners/ Commissioners of Customs/ Customs (Preventive), All Principal Commissioners/ Commissioners of Customs & Central tax, Madam/Sir, Subject: ‘Streamlining export data to