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Area based Excise Duty exemption does not cover exemption from Education Cess, NCCD
Area-based Excise Duty exemption does not cover exemption from Education Cess, NCCD Analysis of Unicorn Industries [2019] 112 taxmann.com 127 (SC) 6-12- 2019 When a particular kind of duty is exempted, other types of duty or cess imposed by different legislation for a different purpose
CA Vinamar GuptaDec 11, 2019NEFT services will be available 24×7 from 16th December 2019 onward
RBI circular says that NEFT services will be available 24×7 RBI has issued a circular to make NEFT services 24×7. The text of notification is following. Please refer to our circular DPSS (CO) RPPD No.510/04.03.01/2019-20 dated August 30, 2019, regarding the availability of NEFT on
CRVV Rules 2017 : Detailed analysis
Notification & Force date 18 th October, 2017 Powers derived from Section 247|458|459|469 of CA-2013 Section force date Section 247 notified on 18th October, 2017 Application Valuation of any property, stocks, shares, debentures, securities or goodwill or any other assets or
ट्रिब्यूनल ने 148 के लिए सीआईटी की अप्रूवल को माना हाइपर मैकेनिकल प्रोसीडिंग
ट्रिब्यूनल ने 148 के लिए सीआईटी की अप्रूवल को माना हाइपर मैकेनिकल प्रोसीडिंग quash की। माननीय जयपुर ट्रिब्यूनल ने अपने हाल ही के दिनांक 25.11.2019 के एक फैसले में यह रूलिंग दी कि सीआईटी की अप्रूवल हाइपर मैकेनिकल है व प्रोसीडिंग quash कर दी। झुंझुनूं
CA Raghuveer PooniaDec 7, 2019No 6th rate cut in Repo: RBI Monetary policy review
No 6th rate cut in Repo RBI monetary policy released. There is no rate cut this time. Although in the same year there are 5 rate cuts. But in this policy, the sequence is paused. At present Repo is 5.15 percent whereas Reverse Repo is
CA Shafaly GirdharwalDec 5, 2019
GST LitigationTime limit to file Applications in GST tribunal
Time limit to file Applications in GST tribunal extended S.O.(E).––WHEREAS, sub-section (1) of section 112 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this Order referred to as the said Act) provides that any person aggrieved by an order
CA Shafaly GirdharwalDec 5, 20193 New Functionalities on registration on GST Portal
3 New Functionalities on registration on GST Portal 1. Taxpayers can now see all the GSTINs mapped to the same PAN across India. At the time of filing the Part A of the registration application form for new registration. All other GSTIN in the same
Blocking of E way Bill w.e.f. 01-12-2019
Introduction: 1. As per Rule 138E, non furnishing of CMP-08 for 2 consecutive quarters shall result in blocking of E way bill for Composition Dealers. CMP-08 for April to June 2019 was required to be filed till 31-08-2019 (N/N 35/2019- CT dated 29-7-2019) and CMP-08
CA Vinamar GuptaDec 4, 2019New Functionality on GST Portal for GST Registration
New Functionality on GST Portal enabled by GSTIN: The Goods and Services Tax ( GST ) portal has enabled New functionalities as on November 30, 2019, for taking registration by the taxpayers. The gist of the new functionalities are discussed as under: 1. Taxpayers can
GST ConsultancyE-way bill auto blocking from 2nd December 2019
Introduction: E-way bill auto blocking has been started from 2nd December 2019. Non-filers of GST return will be restricted from doing further business in this way. We have compiled some important questions related to this hurdle. A taxpayer is required to generate an E-way bill
Getting late fees for GSTR 9/9C? Do this
GSTN portal suggested a way out for late fees in GSTR 9 /9C The date for filing of GSTR 9 /9c was extended by CBIC. Some taxpayers were observing late fees and interest for GSTR 9/9C. The concerns were raised to GSTIN. It is suggested
Method of Reporting e-Invoice to GST System
Some FAQ’s on Method of Reporting e-Invoice to GST System 1. In addition to the above, we understand that electronic invoice which will be uploaded on GST portal will be authenticated and IRN will be allocated for each e-invoices generated. a. Yes, the e-invoice will be