Tax Authorities can’t give interpretations to legislative provisions on the basis of their own perception of trade practices: SC The Supreme court held as illegal the circulars issued by the Rajasthan Commercial Tax department, which stated that goods imported from other states will be regarded
Timeline – Payment of Interest on Net Cash Liability – GST 1. 31st GST Council Meeting held on 22nd December 2018 – Agenda Item 7(xx): Proposal for amendment of Section 50 of CGST Act, 2017 to allow payment of interest on net cash liability –
Interest on Net Cash Liability Amendment to Section 50 notified w.e.f. 01.09.2020 Section 100 of Finance Act inserting a proviso to Section 50(1) has been notified w.e.f. 01.09.2020 vide Notification No. 63/2020-CT dated 25.08.2020. The proviso to Section 50(1) Interest on net cash liability where •
Instruction To, All Principal Chief Commissioner/ Chief Commissioner (Customs, CGST & Central Excise) All Principal Commissioner/ Commissioner (Customs, CGST & Central Excise) Pr. ADG/ ADG DRI (Adjn)/ DGGI (Adjn) All Commissioner (Appeals) (Customs, CGST & Central Excise) Subject: Revised guidelines for the conduct of personal hearings in the
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 24th August 2020 G.S.R. 526(E).—In exercise of the powers conferred by section 135 and sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 24th August 2020 G.S.R. 525(E).—In exercise of the powers conferred by sub-section (1) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following further amendments in Schedule VII to
In this article we will discuss about Aadhaar Authentication Procedure while applying for New Registration on GST Common Portal. Aadhaar authentication has been mandated w.e.f 21/08/2020, at the time of taking new registration on the common portal. N/N 62/2020-CT brings an amendment to CGST Rules,
Detailed Analysis of GSTR 9 and GSTR 9C Requirement of Audit Annual Return Section 44(1): A registered person is required to furnish an annual return. Reconciliation & Audit Section 35(5): Requirement to get accounts and other records audited by a CA/CWA if aggregate turnover during
Case Covered: M/s. Formative Tex-Fab Versus State of Gujarat Facts of the Case: The facts giving rise to this writ application may be summarized as under: The writ applicant is registered under the GST. He is engaged in the business of manufacturing of different types
Online Information Database Access And Retrieval: OIDAR OIDAR Services are a category of services whose Delivery is mediated through the internet & its supply is essentially automated involving minimum or zero human intervention also its supply is impossible without information technology. Examples of OIDAR services:
