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GST ComplianceCircular No. 157/13/2021-GST
To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioners of Central Tax (All) The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject: Clarification regarding extension of limitation under GST Law in terms of Hon’ble Supreme Court’s Order dated 27.04.2021. The Government has issued notifications
GST LitigationA petitioner who seeks equity must do equity
A petitioner who files a petition invoking the extraordinary writ jurisdiction has to come to Court with a clean hand. Further, a petitioner who seeks equity must do equity 2021 (7) TMI 787 – Delhi High Court in M/S. Ajanta Industries Versus Commissioner Of Central
FEMAESOP Under FEMA Regulations
Entry routes for investments in India Under the Foreign Direct Investments (FDI) Scheme Investments can be made in shares, mandatorily and fully convertible debentures and mandatorily and fully convertible preference shares of an Indian company by non-residents through two routes: Automatic Route: Under the Automatic
Import / ExportCircular No. 16/2021-Customs
To, All Principal Chief Commissioners/ Chief Commissioners of Customs/ Customs (Preventive), All Principal Chief Commissioners/ Chief Commissioners of Customs & Central tax, All Principal Commissioners/ Commissioners of Customs/ Customs (Preventive), All Principal Commissioners/ Commissioners of Customs & Central tax Madam/Sir, Subject: Clarification regarding applicability of
GST LitigationGujarat HC Order in the case of Nagri Eye Research Foundation Versus Union Of India
Case Covered: Nagri Eye Research Foundation Versus Union Of India Facts of the Case: The petitioner No.1 – Nagri Eye Research Foundation through the petitioner No.2 – its Secretary has challenged the impugned order dated 28.01.2021 passed by the Gujarat Appellate Authority for Advance Ruling,
Income Tax ComplianceCBDT grants further relaxation in electronic filing of Income Tax Forms 15CA/15CB
As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically. Presently, taxpayers upload the Form 15CA, along with the Chartered Accountant Certificate in Form 15CB, wherever applicable, on the e-filing portal, before submitting the copy to the authorized dealer
GST LitigationDelhi HC in the case of Three C Homes Pvt. Ltd.
Case covered: Three C Homes Pvt. Ltd Versus Assistant Commissioner of Income Tax Facts of the case: The present writ petition has been filed challenging the assessment order dated 01st June 2021. Petitioner has also sought sufficient time in future to file a reply after
Income Tax ComplianceTax exemption to ameliorate stress due to COVID-19: PIB
The Government has decided to provide income tax exemption to the amount received by a taxpayer for medical treatment from an employer or from any person for treatment of COVID-19 during the financial year 2019-20 and subsequent years. This was stated by Minister of
What are the benefits for MSME in India?
India has always been a self-reliant country. Though the MSME Development Act was enacted in 2006, most of the attention was given only to Khadi and Coir. Now with the changing geopolitical conditions, the focus has again been shifted towards shaking the Indian entrepreneurial spirit
GST ComplianceIndirect Tax Impact On Funds
In Brief This is with reference to a recent Hon’ble Bangalore CESTAT ruling rendered in the context of Venture Capital Funds, set up as Trusts, wherein the Tribunal has pronounced its view with respect to the concept of mutuality, taxability of carried interest, and other
Income Tax ComplianceDetailed Analysis of Sec. 194Q and 206C(1H)
Sec. 206C(1F) • Every person, being a seller, who receives any amount as consideration for the sale of a motor vehicle of the value exceeding ten lakh rupees • shall, at the time of receipt of such amount, collect from the buyer, a sum equal
What is CMP 08 ? How to handle negative liability and format of letter to deptt.
CMP 08 for composition dealers: This new form is introduced for composition dealers. Both composition dealers and taxpayers under 02/2019 CT are required to file it. They are filing GSTR 4 till now. But they need to file CMP 08 quarterly. GSTR 4A is still
CA Shafaly Girdharwal