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Notification No. 89/2020–Central Tax
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 29th November 2020 No. 89/2020–Central Tax G.S.R. 745(E).—In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017)
E-Invoicing – Legal Provisions & Implementation Challenges
E-Invoicing – Legal Provisions & Implementation Challenges Why E-Invoicing? • Digital Invoices / Accounting is a metric in Ease of Doing Business Ranking of countries ➢ India’s ranking moved up from 77 to 63 in 2019 • Moving digital will standardize various processes, reduce data
List of Fake invoice issuer from July 2017 to March 2020, Total 9757 GSTIN have been detected
List of Fake credit issuer/availer for the period July’2017 to March’2020 along with source formation where the case was booked DGARM is required to do supply chain analysis and verify the ITC of risky exporters and their suppliers on receipt of positive reports from CGST
Deductions for Medical Treatment under Income Tax
Deductions for Medical Treatment under Income Tax “A simple provision for claiming the deduction for medical treatment is not so simple to understand. Various intricacies which arises have been discussed in this Article” I. Preamble: Deduction from taxable income in respect of Medical Expenditure or
Light!! Camera!! Action!! – Bad Debts Dichotomy
Light!! Camera!! Action!! – Bad Debts Dichotomy In this article, I have invoked the concept of “Light!! Camera!! Action !!” which is the catchy “call-phrase” used in the Entertainment Industry to get everyone ready before an action takes place. Here, the call for action is
Madhya Pradesh HC in the case of Akash Garg Versus The state of M.P.
Case Covered: Akash Garg Versus The state of M.P. Facts of the Case: Instant petition invoking writ and supervisory jurisdiction of this Court under Articles 226 and 227 of Constitution prays for following reliefs:- “(i) This Hon’ble Court may kindly be pleased to call for
Supreme Court in the case of Madras Bar Association Versus Union of India
Case Covered: Madras Bar Association Versus Union of India Facts of the Case: This Court is once again, within the span of a year, called upon to decide the constitutionality of various provisions concerning the selection, appointment, tenure, conditions of service, and ancillary matters relating
First List For GST Departmental Audit Issued
List of cases selected for Audit under GST Act, 2017 for the period 2017-2018 SR.NO. GSTIN REG_NAM TRADE_NAME DESK_ID LOCATION DIVISION ZONE 1 27ACBPA2022P1ZX CHIRANJILAL KAMALKISHOR KAMAL KISHORE CHIRANJILAL AGRAWAL; CHIRANJILAL KAMALKISHOR AKO-SUR-C-001 AKOLA AMRAVATI NAGPUR 2 27AAGPT2640F1ZQ VENKATA SAMBA SIVA RAO TALASILA VENKATA SAMBA
Supreme Court in the case of Assistant Commissioner (CT) Versus M/s. Glaxo Smith Kline Consumer Health Care Limited
Case Covered: Assistant Commissioner (CT) Versus M/s. Glaxo Smith Kline Consumer Health Care Limited Facts of the Case: The moot question in this appeal emanating from the judgment and order dated 19.11.2018 in Writ Petition No. 39418/2018 passed by the High Court of Judicature at Hyderabad for the State of Telangana and the State of Andhra Pradesh is: whether the High Court
Unblocking of E-Way Bill Generation Facility
Unblocking of E-Way Bill Generation Facility In terms of Rule 138E (a) and (b) of the CGST Rules, 2017, the E-Way Bill (EWB) generation facility of a taxpayer is to be blocked, in case the taxpayer fails to file their returns in Form GSTR-3B or
E-Invoicing mandatory for Businesses having aggregate turnover above Rs.100 crore from 1st Jan’2021
E-Invoicing mandatory for Businesses having aggregate turnover above Rs.100 crore from 1st Jan’2021 E- invoices are mandatory for businesses with a turnover of Rs 500 crore and more, which has been put into effect from October 1, 2020. With effect from 1st Jan’2021 “Aligned to the recent communications by
CBDT to validate Unique Document Identification Number (UDIN) generated from ICAI portal at the time of upload of Tax Audit Reports
CBDT to validate Unique Document Identification Number (UDIN) generated from ICAI portal at the time of upload of Tax Audit Reports The Institute of Chartered Accountants of India, in its gazette notification dated 2nd August 2019, had made the generation of UDIN from the ICAI