Statutory Compliance Calendar for the Month of December 2020 S. No. Actual Date Extended Date Nature of Compliance Compliance Period Nature of Compliance in Detail 1 7-Dec-20 NA TCS/TDS Payment Nov-20 Due date of depositing TCS liabilities for the previous month 2 7-Dec-20 NA Equalisation Levy Payment Nov-20 Equalisation
Circular No. 52/2020-Customs Sub: Clarification on Export of Gems and Jewellery through Courier Mode-reg. Representations have been received from the Gems and Jewellery Export Promotion Council seeking clarification on whether gems and jewellery is allowed to be exported through courier under the Courier Imports and Exports (Electronic
Light!! Camera!! Action!! – Bad Debts Dichotomy In this article, I have invoked the concept of “Light!! Camera!! Action !!” which is the catchy “call-phrase” used in the Entertainment Industry to get everyone ready before an action takes place. Here, the call for action is
Deductions for Medical Treatment under Income Tax “A simple provision for claiming the deduction for medical treatment is not so simple to understand. Various intricacies which arises have been discussed in this Article” I. Preamble: Deduction from taxable income in respect of Medical Expenditure or
List of Fake credit issuer/availer for the period July’2017 to March’2020 along with source formation where the case was booked DGARM is required to do supply chain analysis and verify the ITC of risky exporters and their suppliers on receipt of positive reports from CGST
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 29th November 2020 No. 89/2020–Central Tax G.S.R. 745(E).—In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017)
GST Latest Case laws-2020 Sec. 54 (Refund of Tax) (3) Subject to the provisions of sub-section (10), a registered person may claim a refund of any unutilized input tax credit at the end of any tax period. Provided that no refund of the unutilized input
E-Invoicing – Legal Provisions & Implementation Challenges Why E-Invoicing? • Digital Invoices / Accounting is a metric in Ease of Doing Business Ranking of countries ➢ India’s ranking moved up from 77 to 63 in 2019 • Moving digital will standardize various processes, reduce data
Unblocking of E-Way Bill Generation Facility In terms of Rule 138E (a) and (b) of the CGST Rules, 2017, the E-Way Bill (EWB) generation facility of a taxpayer is to be blocked, in case the taxpayer fails to file their returns in Form GSTR-3B or
Case Covered: Akash Garg Versus The state of M.P. Facts of the Case: Instant petition invoking writ and supervisory jurisdiction of this Court under Articles 226 and 227 of Constitution prays for following reliefs:- “(i) This Hon’ble Court may kindly be pleased to call for
