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Nifty big shot over stimulus package by FM
stimulus package by FM: A blockbuster Friday for the market. FM Nirmala Sitaramn announced stimulus package for corporates. It may result in a turn around in the economy. Trading cycle, investment cycle and sentiment revival is on the focus. Stimulus package by FM is going
The taxation laws amendment ordinance 2019
The taxation laws amendment ordinance 2019: The taxation laws amendment ordinance 2019released by the ministry of law and justice. It contains 8 sections. It is introduced to bring in force the stimulus announced by the finance minister. Here you can download the complete text of
Analysis of 20% limit on ITC availment
Govt Proposal to fix 20% margin money for ITC availment violates Article 14 & 19(1)(g) of COI? ITC being an indefeasible right, Govt cannot impose any unreasonable condition for its availment. If done, same may ultra vires the Constitution. Reference may be drawn from the
ITC of Rs. 1,41,02,394/- allowed by Delhi HC on manual filing of Tran 1
Manual filing of Tran 1 : In case of KRISH AUTOMOTORS PRIVATE LIMITED Delhi HC allowed the filing of tran 1 manually. Delhi high court also allowed the applicant to take the ITC of Rs. 1,41,02,394/- Again manual filing of Tran 1 was allowed by the
CA Shafaly GirdharwalSep 19, 2019E-way bill on gold under consideration
E-way bill on gold E-way bill on gold may be considered in GST council meeting tomorrow. Apart from other discussions, E-way bill on Gold may also be discussed. Although a part of the industry is opposing it. But the government feels it is necessary to
FAQs On DIR-3 KYC
1. Who is required to file DIR-3 KYC form? For Financial year 2018-19 – Any person who has been allotted “Director Identification Number (DIN/DPIN)” on or before 31st March 2018 and the status of such DIN is ‘Approved’, needs to file form DIR-3 KYC to
Why Harish Salve blamed SC for slowdown?
Harish Salve blamed SC for the slowdown, make sense Harish salve blamed SC for slowdown. The issue raised by the best lawyer of India worth an insight. Litigation is a dark part of the process of justice. Vodafone, 2G and coal allocation, handling of these
Turnover limit for GST regn need not be measured at PAN level
For the purpose of sec 22, “aggregate turnover (AT)” shall include all supplies made by the taxable person, whether on his own account or made on behalf of all his principals. Hence, the definition of ‘AT’ u/s 2(6) which prescribes the turnover limit PAN wise
Litigation on RCM on Ocean freight: 2019
Litigation on RCM on Ocean Freight: From Mohit Minerals to M/s India Coke and power private limited. It started many months back. The importers were notified by notification no. 10/2017 IGST , entry no. 10. It was under the dispute from day one. Litigation on
CA Shafaly GirdharwalSep 17, 2019Interim order by Madras HC: GST on above 7500 for RWA
GST on above 7500 for RWA: Madras High Court passes an interim order to charge GST only on the amount in excess of Rs.7500/- but not on the entire amount. This order is against the order of AAAR in case of TVH Lumbini square owners
Measures to Boost Exports
Export promotion : Steps taken so far Export promotion measures taken in last few years: Interest Equalization Scheme (IES) on pre and post shipment rupee export credit introduced from 1.4.2015 providing interest equalisation at 3% to exporters on 416 lines and for all MSME exporters.
GST Insights of E – Commerce Industry
Insights It is estimated that Indian E-commerce market has crossed US$ 38.5 billion as of 2017 March and India will soon become the largest E-commerce market platform by 2022. This Article analyses the effects of GST on E-commerce in India and describes the external factors