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NCLT Case 2: NUI Pulp and Paper Industries Pvt Ltd v. M/s Roxcel Trading GMBH
NCLT case 2: decision in case of NUI Pulp and Paper Industries Pvt Ltd v. M/s Roxcel Trading GMBH The Hon’ble NCLAT has in a crucial decision held that the NCLT has the powers to declare moratorium prior to admission of the petition against the
SAT quashed SEBI’s two year ban order on PWC
SAT quashed SEBI’s two year ban order on PWC: Yesterday SAT quashed SEBI’s two year ban order on PWC. In a way it reflects well for ICAI position on its Disciplinary powers as regards its members.Multiple regulators for any profession are bad and our profession
Do we really want the scrap of GSTR 9 & 9C ?
Rumors about scrap of GSTR 9 & 9C: There is some news about scrapping the requirement of filing GSTR 9 &9C. Taxpayers having turnover upto Rs. 5 Crore may get relief from filing GSTR 9 &9C. What it means for a taxpayer. Some taxpayers were
CA Shafaly GirdharwalSep 10, 2019ITC is a vested right: Gujrat High Court on tran1,2
ITC is a vested right, cant be taken away by a procedural provision: ITC is a vested right of the taxpayer. This right cant be curtailed by a procedural provision. Gujrat high court held in the case of M/s Siddhartha enterprises Vs Nodal officer. Tran
Join CE free webinar on relevance of GST in Statutory & Tax Audit
CE free webinar on relevance of GST: Statutory audits and tax audits are going on. Last time many professionals finalized them without giving the proper adherence to GST issues. But this time we need to be more careful. Experiences of last year will definitely help.
Right to transit ITC cant be taken away: Siddharth Enterprises vs Nodal Officer
Introduction: Brief Analysis of Writ Petition filed under Article 226 of the Constitution before High Court of Gujarat at Ahmedabad in case of Siddharth Enterprises vs Nodal Officer. Purpose of Writ: a. To allow filing of declaration in form GST Tran-1 and GST Tran-2, to
Exception to monetary limits for filing appeals: Circular No. 23 of 2019 (CBDT)
CBDT has issued a new circular regarding the Exception to monetary limits for filing appeals specified in any Circular issued under Section 268A of the Income-tax Act, 1961-reg. Following is the text of the circular: F. No. 279/Misc.lM-93/20l8-ITJ(Pt.) Government of India Ministry of Finance Department of
Original order of M/S SIDDHARTH ENTERPRISES Ve. Nodal officer: Gujarat HC
1. Since the issues raised in all the captioned writapplications are the same, those were heard analogously and are being disposed of by this common judgment and order. 2. RULE returnable forthwith in all the captioned writapplications. Mr.Soaham Joshi, the learned AGP waives service
CA Shafaly GirdharwalSep 7, 2019CBDT guidelines for manual selection of returns for detailed scrutiny
CBDT guidelines for manual selection of returns for detailed scrutiny CBDT issued a circular for guidance on manual selection of returns for detailed scrutiny. There are 5 parametres to for selection of returns for scrutiny. F.No.225/169/2019/ITA-II Government of India Ministry of Finance Department of Revenue
Deemed Exports : Concept and Refund Procedure under GST
What is the concept of Deemed Exports? To boost export sector and to reduce financial burden on exporters, government has notified some supplies as Deemed Exports. These supplies are made by any GST registered person to some specified (notified) entities who fulfill criteria in this regard.
CA RAHUL MORADIYASep 6, 2019Input Tax Credit on Post-sale Discount
Brief Analysis of order passed by Hon’ble Appellate Authority of Advance Ruling in respect of appeal filed by MRF Ltd against the order the AAR on the issue of Input Tax Credit on the consideration not paid by reasons of post-sale discount. Following is the
Waiver of late fees on GSTR 3b under litigation
Waiver of late fees on GSTR 3b: A recent decision of Gujrat high court raised questions about GSTR 3b. Whether it is a prescribed return or not. Now in case of the same applicant another matted is listed. The applicant has requested for waiver of