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New return of GST: Red signal for non compliant
New return of GST: A lot of litigation on GSTR 3b already is there. The late fees and penalty on 3b are questioned by the court. New return of GST is introduced. This is even harder version. The most important issue is still matching. The
Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019
The government has issued the Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019 on 21st August 2019 via Notification No. 05/2019 Central Excise-NT. 1. Short title and commencement.- (1) These rules may be called the Sabka Vishwas (Legacy Disput Resolution) Scheme Rules, 2019. (2) They shall come
Nifty down 225 points, sensex dropped 769 points
Nifty down 225 points, sensex dropped 769 points The downfall in the market is getting a serious shape. Is this an opportunity to enter into this market? Many rumours in media. Some experts are expecting a downfall like 2008. Some are confirming the news of
Form SVLDRS-2B
Form SVLDRS-2B [Intimation of personal hearing after adjournment under section 127 of the Finance (No.2) Act, 2019 read with rule 6 of the Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019] SABKA VISHWAS (LEGACY DISPUTE RESOLUTION) SCHEME, 2019 To, Mr./Ms./M/s…………………………. Registration No……………………… This is to
Do your consultant know about SVLDRS ?
Do your consultant know about SVLDRS? It is one of the best schemes to benefit taxpayers. SVLDRS means saba Vishwas, Legacy dispute resolution scheme. Still, it is not getting any traction because of lack of awareness. It can have a huge impact on pending litigation
41/2019 CT: late fees for R-1,6 waived off in some areas
Late fees of GSTR 1 & 6 is waived off: CBIC via its notification no. 41/2019 dated 31/8/2019 has waived off the late fees. This benefit is available only if the return is filed upto 20th September. Following areas are covered by the exemption. (i)
Do you have any pending litigation of Excise or service tax?
New scheme for end of pending litigation of Excise or service tax Golden opportunity to settle your cases related to the erstwhile indirect tax laws. Sabka Vishwas (LDRS) can offer a resolution with heavy discounts. This scheme is going to be very useful for taxpayers. pending litigation
Write up on SVLDRS by Alwar CGST commissionerate
Write up on SVLDRS Note: Though all precautions have been taken to make this document error free, still some errors might have crept into this document. Therefore, users of this document are also requested to see the relevant Gazette notifications. Error if
Mega Merger of major banks: what it means?
Merger of major banks The Govt has announced the merger of various public sector banks(PSBs) and now there will only be 12 PSBs.The same can be viewed from different angles.Whereas it may be desirable to create large sized banks to reduce competition , cutting costs
CA Amarjit ChopraAug 31, 2019ITC 04 waived off for two year
Yes, you heard it right. ITC 04 is waived off for two years.It’s a piece of good news. All who were facing a lot of issues in the filing of ITC 04. CBIC has issued notification no. 38/2019 dated 31st August 2019. Notification for the
SABKA VISHWAS (Legacy Dispute Resolution) Scheme, 2019
A voluntary dispute resolution scheme called as Sabka Vishwas (Legacy Dispute Resolution) Scheme 2019 has been introduced by the Government for resolution of the Legacy disputes under Central Excise, Service Tax etc. (Incorporating clarification and procedure vide Circular 1071/4/2019-CX8. dated 27/08/2019) APPLICATION OF SCHEME TO
Legacy Dispute resolution scheme
Legacy Dispute resolution scheme: Sections covered in scheme: Finance bill (2) 2019 Important provisions Section 119 Short title and commencement Section 120 Definitions Section 121 Application of scheme to indirect tax enactments Section 122 Tax dues Section 123 Relief available under scheme Section 124 Declaration