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SC stay on Guj HC judgement on GSTR 3b, Should you be worried?
Did you also claimed ITC considering the annual return date after AAP? Many taxpayers tried to claim ITC left even after the due date of filing GSTR 3b. In the first year of GST the date for claiming ITC was extended and it was extended
Deptt is all set to block ITC of fake invoices
Deptt is all set to block ITC of fake invoices: Rule 86A(1a) inserted into CGST Rules. It made a huge hue and cry. The right to block ITC on the basis of fake invoices. But the department is all set to block this ITC. A
Prosecution should normally be launched only after the adjudication is completed: VIMAL YASHWANTGIRI GOSWAMI Versus STATE OF GUJARAT
Case: VIMAL YASHWANTGIRI GOSWAMI Versus STATE OF GUJARAT One of the main reliefs prayed for by the writ applicant in the present writ application reads as follows : “16(A) To issue a Writ of Mandamus and/or Writ of Prohibition and/or any other appropriate writ, order of
Discount to be added in value: Santosh Distributor AAR
In an application filed before AAR under GST, Kerala by Santosh Distributor reported in 2020 (32) G.S.T.L 105: Facts of the Case: 1. Applicant is authorized distributor of M/s Castrol India Ltd 2. Castrol India managing entire marketing activities of their products 3. Billing
Transfer of goods to Govt Depots will come under purview of Schedule I Tata coffee AAR
In an application filed before AAR under GST, Kerala by TATA Coffee Ltd reported in 2020 (32) G.S.T.L 120. Applicant during the course of the plantation of coffee cuts down the excessive trees grown as shade to coffee. Such trees are transported to Government
Impact Of GST On Real Estate Sector
GST on real estate: A detailed analysis The Real Estate industry is one of the largest sectors in the country and is a major contributor in the growth of Indian economy. This industry is one of the rapidly growing sectors in India since the factors
9 IDEAS TO REFORM INCOME TAX ACT
9 IDEAS TO REFORM INCOME TAX ACT ( OR IT MAY BE INCORPORATED IN DTC ) 1. SOLUTION TO GIVE RELEIF TO MIDDLE CLASS & LOWER CLASS FROM INCOME TAX WITHOUT DECREASING REVENUE THIS SHOULD BE INCOME TAX SLABS. REMOVE 87A REBATE. ITS HIGH TIME
Implications of Notification 01/2020 dated 01-01-2020
Implications of Notification 01/2020 dated 01-01-2020 on the various GST related provisions of Finance No. 2 Act 2019 Finance No.2 Act 2019 was enacted on 01-08-2019. GST related amendments are contained in section 92 to section 116 of the Finance Act. As per section
Changes in the eligibility criteria of ‘Appointment of Whole-time Company Secretary’ and ‘Secretarial Audit’
1) Compulsory appointment of Company Secretaries in companies: From 01st April, 2020, every listed company, every other public company and private company having a paid-up share capital of Rs. 10 crore or more shall have a whole -time company secretary. Previously, every company which has
Impact of Changes on 1st Jan on J&K and Ladakh
Principal Place Additional Place Registration ITC Balance on 31-12-2019 J&K NIL No New registration No Transfer of ITC J&K Ladakh Apply New UT registration in Ladakh ITC ( CGST/SGST/IGST) to be transferred in ratio of turnover of J&K and Ladakh. SGST share of Ladakh on
Impact of Changes on 01-01-2020 on GST in J&K and Ladakh
Impact of Changes on 01-01-2020 on GST in J&K and Ladakh: Note: 1. Jurisdictional tax officer of transferor and transferee state should should be informed about transfer of ITC along with copy of ITC and the amount of adjustment made with in one month from
Summary of GST provisions notified from 1.01.2020
GST provisions notified from 1.01.2020: Notification No. 01/2020 – Central Tax Notification No. 01/2020 – Central Tax has notified the date of applicability of some provisions of GST from 01012020. Let us have a look at its summary. Summary of important provisions notified: 92 Amendment
CA Shafaly Girdharwal