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Notification No. 51/2015-2020: DGFT
Notification No. 51/2015-2020 Subject: Amendment in Policy condition of Sl.No. 55 & 57, Chapter 10 Schedule-2, ITC(HS) Export Policy, 2018 -reg. S.O. 4741 (E) – In exercise of powers conferred by Section 3 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of
An Interplay- Income Tax Search and Seizure and Income Tax Settlement Commission
An Interplay- Income Tax Search and Seizure and Income Tax Settlement Commission Introduction: Chapter XIX-A of the Act pertains to the settlement of cases. Under sub-section (1) of section 245C of the Act, an assessee at any stage of a case relating to him can
Income tax and GST filing due dates extended
Further Extension of Due Dates of filing of various Income/Corporate Tax Returns vide Press Release dated Today, December-30-2020:- • Audit Cases : February-15-2021 • Furnishing of Tax Audit Reports and Form-3CEB: January-15-2021; • All other simple ITRs {Non-Audit Cases} : January-10-2021. Related Topic: Is Income
CESTAT in the case of M/s Honda Cars India Ltd.
Case Covered: M/s Honda Cars India Ltd. Versus The Commissioner, Central Excise and Service Tax Facts of the Case: M/s Honda Cars India Ltd. has sought the quashing of the order dated January 23, 2015, passed by the Commissioner of Central Excise and Service Tax, New
Karnataka AAR in the case of M/s. Page Industries Limited.
Case Covered: M/s. Page Industries Limited. Facts of the Case: The applicant is engaged in the manufacture, distribution, and marketing of Knitted and Woven Garments under the brand name of “Jockey”, swim-wears and Swimming Equipment under the brand name of “SPEEDO”. The applicant also gets
GST Insights – New Year Amendments
GST Insights – New Year Amendments The Central Government has made critical amendments to CGST Rules, 2017 vide Notification No. 94/2020–Central Tax dated 22.12.2020 to make provisions more stringent and harsh for the businesses especially to curb tax evasion and ITC frauds. I. Amendments effective
Allahabad HC in the case of M/s Ratan Industries Limited
Case Covered: M/s Ratan Industries Limited Versus The State Of U.P. Facts of the Case: The present petition has been filed by the petitioner challenging the order dated 24.1.2019 passed by respondent no. 3, whereby a tax demand of Rs. 91,450/- and interest thereon has
Critical Changes in GST Compliances from 1st January 2021
Critical Changes in GST Compliances from 1st January 2021 94/2020 –14th Amendment Rules 2020 Rule 21: Additional Grounds for Cancellation of Registration – (a) does not conduct any business from the declared place of business; (b) issues invoice or bill without supply of goods or
Advisory for Extension of Validity of Documents till 31 March 2021
To 1. The Director-General of Police 2. Principal Secretaries/ Secretaries, Department of Transport 3. The Transport Commissioners of all the States and Union Territories. Subject: Extension of the Validity of documents related to the Motor Vehicles Act, 1988 and Central Motor Vehicle Rules, 1989 Madam
Important changes as per Notification No. 94/2020-CT dated 22-12-2020 Applicable from 1 January 2021
Important changes as per Notification No. 94/2020-CT dated 22-12-2020 Applicable from 1 January 2021 The registration Time limit for approval of GST Registration increased ⎯ The time for system-based registration has been modified from 3 days to 7 days. Now the grant registration would be
GST Amendments Notified on 22.12.2020
GST Amendments Notified on 22.12.2020 The Government has via Notification no. 94/2020-Central tax dated 22nd December 2020 made the following changes in CGST Rules, 2017: Restriction on use of amount available in Electronic Credit Ledger New Rule 86B has been inserted which restricts the use
Quarterly Return Monthly Payment Scheme (QRMP) – New Facelift
Quarterly Return Monthly Payment Scheme (QRMP) – New Facelift Volume: 2 A. Exordium The Central Board of Indirect Taxes & Customs (CBIC) vide Circular No. 143/13/2020-GST dated 10th November 2020 introduced Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme under Goods and Services