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MACRO-ECONOMIC FRAMEWORK STATEMENT 2020-21
MACRO-ECONOMIC FRAMEWORK STATEMENT 2020-21 Overview of the Economy Global headwinds and challenges in the domestic financial sector moderated the growth of the Indian economy in 2019-20. The real GDP growth moderated to 5.0 percent in 2019-20 as compared to 6.8 percent in 2018-19. Despite a
Major Changes in GST Laws – Budget 2020
Major Changes in GST Laws – Budget 2020 Download the copy:
Tax Proposals under Union Budget 2020
Tax Proposals under Union Budget 2020 Union Budget 2020 is woven around three prominent themes: 1) Aspiration India 2) Economic development 3) Caring society Tax proposals under Union Budget 2020 are presented to achieve the above three themes. Over the years, it has always been
Indirect Tax (GST) proposals in The Finance Bill, 2020
Indirect Tax (GST) proposals in The Finance Bill, 2020 Download the copy:
MEDIUM TERM FISCAL POLICY CUM FISCAL POLICY STRATEGY STATEMENT
MEDIUM TERM FISCAL POLICY CUM FISCAL POLICY STRATEGY STATEMENT A. Fiscal Indicators – Rolling Targets 1. 2019-20 has witnessed a moderation in growth rates as mentioned in the Macroeconomic Framework Statement. The Government, faced with the task of implementing counter-cyclical policies while walking the
IT IS AN ANTI SMALL SCALE INDUSTRY GST NOTIFICATION
IT IS AN ANTI SMALL SCALE INDUSTRY GST NOTIFICATION IT IS AN ANTI-SMALL-SCALE INDUSTRY NOTIFICATION: CGST Notification No. 49/2019 – Central Tax dated 09.10.2019, amended vide Notification No. 75/2019 – Central Tax dated 26.12.2019 1. Rule 36(4) was inserted vide Notification No. 49/2019 –
Monish BhallaFeb 4, 2020CGST and IGST Act – Impact of Finance Bill, 2020!
CGST and IGST Act – Impact of Finance Bill, 2020! 1. Act – Key Amendments 1.1. GST – Ten amendments you must know! To iron out certain creases and amend provisions relating to fake/bogus invoicing, various amendments are proposed. The amendments in the CGST Act
Changes as brought out Budget 2020 in GST
Changes as brought out Budget 2020 in GST Provisions Omitted Provisions Inserted Amendments to the central goods and services tax act, 2017 All amendments mentioned below are effective from the date to be notified. 1. The time limit of availing credit based on debit notes:
ITC can be claimed on leased goods transport vehicle : lshan Resins & Paints Limited
Case covered: Name of the applicant: lshan Resins & Paints Limited Address (correspondence) Gate No 1, Jalan Industrial Complex, Baniara, Begri, Howrah-711411 GSTIN 1gAAACI5587K1ZO Case Number 46 of 2019 ARN AD 1911 190001310 Date of application November 08, 2019 Order number and date 40 of
Union Budget 2020 GST – Key Amendments You Must Know!
GST – Background GST – Key changes – An overview GST – Key Changes Analysis Amendment in Section 16 [Eligibility and conditions for taking input tax credit] The time limit for debit note rationalized 1. Linking of date to debit note than an invoice
No penalty can be imposed on partners, if penalty has been imposed on partnership firm:Awin Exim Company Versus Commissioner of Customs
Case covered: Awin Exim Company – Appellant Arunodaya, Bapu Bhai Vashi Road, Vile Parle, W, Mumbai, Maharashtra VERSUS Commissioner of Customs, Ahmedabad – Respondent Custom House, Near All India Radio Navrangpura, Ahmedabad, Gujarat Facts of the case: These appeals have been filed by M/s. Awin
SECTIONWISE ANALYSIS – GST AMENDMENTS
GST AMENDMENTS – HIGHLIGHTS AT A GLANCE 1. Union Territory to include ‘Ladakh’ & ‘Dadra and Nagar Haveli and Daman and Diu’ Source Clause 116 of the Finance Bill,2020. Clause 135 of the Finance Bill, 2020 Effective Date Date to be notified by the government.