Table of Contents Extension of Realisation Period of Export ProceedsRegulatory Framework:The relaxation provided by RBI:Read the copy: Extension of Realisation Period of Export Proceeds To ease the impact of disruption caused by the Coronavirus/COVID-19 pandemic, the Reserve Bank of India (“RBI”) has provided an extension
Table of Contents Case Covered:Facts of the case:Observations:Order:Read & Download full Decision in pdf: Case Covered: Rotary Club of Mumbai Queens Necklace Facts of the case: This appeal is being filed by the Rotary Club of Mumbai Queens Necklace ( ‘the appellant’ or ‘the club’)
Table of Contents Inspection, Search and Seizure- Legal SafeguardsPre-Condition For Exercise of Powers Under Sec. 67. Section 67(2) – Seizure of Goods: Read the copy: Inspection, Search and Seizure- Legal Safeguards I have written an Article on Section 67 CGST Act on the issue of ” Inspection, Search and Seizure ”
Last date for April’s return without a late fee and interest: Today is the Last date for April’s return. As per the due dates chart of GST. Today is the last date to file the return of April month for some taxpayers. Taxpayers having a
The constitutional validity of section 194N Now constitutional validity of section 194 N is challenged. Under this section, the government is deducting TDS on the withdrawal of cash from a bank account. PIL has already been filed in various courts. Let’s wait what stand court
IMPORTANT ANNOUNCEMENT 1. The students are aware that vide Announcement dated 15th June 2020, the Institute, after taking in account the academic interests and health safeguards of students intending to appear in May 2020 Examinations, had enabled them to change their centre for appearance in
Table of Contents Introduction‘Supply’ in GSTInput Tax Credits in GSTExports in GSTZero‐rated supplies under GSTRefund in GST Read & Download the full copy in pdf: Introduction Goods and Services Tax (GST) in India, is a form of a Value–Added Tax (VAT). The overarching purpose of
RBI/2020-2021/10 FIDD.MSME & NFS.BC.No.3/06.02.31/2020-21 July 2, 2020, The Chairman/ Managing Director/Chief Executive Officer All Commercial Banks (including Small Finance Banks, Local Area Banks, and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks / District Central Co-operative Banks All-India Financial Institutions All Non-Banking Financial
Taxability of Plots Under GST As per Section 9 of the CGST Act, GST shall be payable on the supply of goods or supply or both. Section 2(52) defines goods to mean as “every kind of moveable property”. Section 2(102) defines “service” mean anything other
Table of Contents GST on Sale of Developed PlotRuling and observations Tattvam’s commentsSchedule III of the CGST Act Reliance on Narne Constructions Construction Services under Schedule II Deduction of landConclusion Read the copy: GST on Sale of Developed Plot The scheme of legislative powers under
