Today RBI press release was scheduled to handle panic in the market due to Corona Virus. Two important measures announced by RBI: No rate cut announced by RBI. But some liquidity measures are taken Rs. 1,00,000 crore of long term repos is announced. Surety
Case Covered: M/s. Mayank Vinodkumar Jain Facts of the case: The present application has been filed under Section 97 of the Central Goods and Services Tax Act, 2017 and Maharashtra Goods and Services Tax Act, 2017[hereinafter referred to as ”the CGST Act and MGST Act”
GST council meeting was a relief for taxpayers. Many leaming issues were taken up by the GST council. Here we have compiled a brief of all issues. No GST audit requirement for taxpayers having turnover upto Rs. 5 Cr. Interest will be payable only on
Cabinet Committee on Economic Affairs (CCEA) Cabinet approves scheme for “Remission of Duties and Taxes on Exported Products (RoDTEP)” to boost exports Scheme for enhancing Exports to International Markets To make Indian exports cost-competitive and create a level playing field for exporters in the International
IT Related Roadmap Shri Nandan Nilekani, on behalf of Infosys, made a presentation addressing the system related issues that are being faced by the taxpayers in the GST system. He first gave a summary of the recently observed IT issues and the way forward to
About the course: In this webinar, Rajeshwar Singal Ji will discuss the AEO program of Indian customs. About the course creator: Rajeshwar Singal has thirty-five years of experience in Customs, Central Excise, and Service Tax department and in Cabinet Secretariat (R&AW). He has also had extensive
Case Covered: M/S DHARMARATNAKARA RAI BAHADUR Versus M/S BHASKAR RAJU & BROTHERS & ORS. Read the full text of the case here. Facts of the case: The facts, in brief, giving rise to the present appeal are as under: The appellant No.1 is a registered Charitable Trust. The rest of the appellants are Trustees of the appellant No.1 – Trust. The appellant No.1 – Trust desired to develop the land owned by it and construct a multipurpose community hall with an office complex. As such, the respondent No.1 offered to develop the said property and also to renovate the Samadhi of the founder of the Trust existing on the said piece of land. Negotiations were held between the appellant No.1 – Trust
Citations: SMS Tea Estates Private Limited vs. Chandmari Tea Company Private Limited Stamp Act, 1899 Registration Act IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL No. 1599 OF 2020 (Arising out of SLP(C) No. 7088 of 2015) M/S DHARMARATNAKARA RAI BAHADUR ARCOT NARAINSWAMY MUDALIAR CHATTRAM & OTHER CHARITIES & ORS. …APPELLANT(S) VERSUS M/S BHASKAR RAJU & BROTHERS & ORS. …. RESPONDENT(S) J U D G M E N T Leave granted. 2. Heard the learned counsel for the parties. 3. By way of present appeal, the appellants challenge the judgment and order dated 1.12.2014, passed by the single judge of the High Court of Karnataka at Bangalore in Civil Miscellaneous Petition No. 167 of 2013 whereby,Justice L.
AMENDMENTS PROPOSED IN 39TH GST COUNCIL MEETING AS PER PRESS RELEASE GST MONTHLY RETURNS, ANNUAL RETURNS, RECONCILIATION STATEMENT, INFORMATION RETURN 1. New GST Returns- RET-1, Annex-1, Annex-2 has been deferred for the time being till 30.09.2020. GST Returns being GSTR 1 and GSTR 3B will
39TH GST COUNCIL PROPOSALS 14/03/2020 INTEREST LIABILITY INTEREST FOR DELAY IN PAYMENT OF GST TO BE CHARGED ON THE NET CASH TAX LIABILITY W.E.F. 01.07.2017 Law to be amended retrospectively. Most welcome change Whether any RTP who have paid gross liability, will they get refunds?