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
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
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
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) Table of Contents APPLICATION
GSTN is doing a Disaster Recovery Drill of GST system on September 01, 2019 between 00:01 AM to 05:00 AM. The drill will take approximately 5 hours. The timing of the drill is chosen so that the taxpayer will not face any hardship from the Disaster Recovery
Table of Contents Who can avail the benefit of LDRS?Acts Covered by the LDRSBenefits available under LDRSProcedures to Follow – LDRSDischarge Certificate – What it Means?Points to ConsiderTypes of Forms Who can avail the benefit of LDRS? Following person are eligible to opt for LDRS. It
Table of Contents DUE DATE OF ANNUAL RETURN:1ST IMPLICATION: DEMAND AND RECOVERY [SEC 73 & SEC 74 OF CGST ACT]2ND IMPLICATION: PERIOD OF RETENTION OF ACCOUNTS (SEC 36 OF CGST ACT)3RD IMPLICATION: DUE DATE OF ITC [SEC 16(4) OF CGST ACT] DUE DATE OF ANNUAL
Nifty shoot up the second day: Nifty shoot up second day, It is the second day in a row to see an upward movement. But the most important thing is will it sustain? Is this a short-covering or the sentiment of the market has actually
Due date for GSTR 9 &9C extended: In a press release, CBIC has extended the due date for filing of GSTR 9 &9C. But the moot question is will it work. We at CE tried to make a database of common issues. Please share the
Inverted rated ITC refund: Bombay High court has issued a notice in a writ filed for a refund of ITC. Inverted rated ITC refund is available in GST. Let us understand the whole case. In GST we are eligible for a refund of ITC where
