Table of Contents The journey of ITC From July-2017 to Jan-2021…and onwardsfrom July 2017 to Sept 2019…………..NO RESTRICTION ON ITC ( well almost)from Sept2019 to March 2021…..Putting restriction on ITC at 105% of Invoices in 2Bfrom April 2021….. Putting Strict restrictions…Claim only equal to Invoices
Circular No. 03/2021-Customs To, All Pr. Chief Commissioners/ Chief Commissioners of Customs/ Customs (Prev.) All Pr. Chief Commissioners/ Chief Commissioners of Central Tax/ Central Excise All Pr. Commissioners/ Commissioners of Customs/ Customs (Prev.) All Pr. Commissioners/ Commissioners of Central Tax and Central Excise Madam/Sir, Subject:
Table of Contents Payment of Tax By Fixed Sum Method Under QRMP SchemeIFF; to cut a long story shortRelevant Notifications in respect to QRMP Payment of Tax By Fixed Sum Method Under QRMP Scheme W.e.f. 1st January 2021, the following two options, are available to
Instruction No. 105 To, All Development Commissioners Special Economic Zones Subject: One-time waiver of Custom Duty as well as inspection requirement in case of de-bounding of IT/ITeS Units in SEZs and exemption on the filing of BOE for goods sold by IT/ITeS SEZ unit which
Table of Contents GST on Contracts of Guarantee – Uncertainty PrevailsIntroductionTypes of Guarantee(i) Personal Guarantee(ii) Bank Guarantee(iii) Corporate GuaranteeBank Guarantee vis a vis Corporate GuaranteeTaxability of Corporate GuaranteeProvisions of the Income Tax Act, 1961.Read & Download the full copy in pdf: GST on Contracts of
Table of Contents Case Covered:Facts of the Case:Observations:The Decision of the Court: Case Covered: Genpact India Pvt. Ltd. Versus Union of India Facts of the Case: By this order, we propose to dispose of three writ petitions i.e. CWP Nos. 10302, 18876, and 16305-2020. In
Table of Contents Recent Amendments in GST covering E-Invoicing, Rule 86B and QRMP schemeE-invoicing under GSTE-Invoice ProcessCancellation/Amendment of Reported Invoice:Read & Download the full Copy in pdf: Recent Amendments in GST covering E-Invoicing, Rule 86B and QRMP scheme E-invoicing under GST Legal Provisions N. N.
Table of Contents Decoding of Finance Bill 2021Amendment in section 7Amendment in schedule IIAnalysisRead & Download the full copy in pdf: Decoding of Finance Bill 2021 Amendment in section 7 1. Scope of Supply w.e.f. 01.07.2017 7) (1) For the purposes of this Act, the
Analysis of Finance Bill 2021 – Direct Tax Proposals Tax Rates FB Clause 2 IT Act Section 4 Effective from AY 2021-22 / AY 2022-23 Tax Rates No change Depreciation on Goodwill FB Clause 3(i), 7, 18, 20 IT Act Section 2(11), 32, 50,
Table of Contents Case Covered:Facts of the Case:Observations:The decision of the Court:Read & Download the full Decision in pdf: Case Covered: S. Dilliraj Versus The Deputy Director, The Directorate of Enforcement Facts of the Case: Undisputed facts: First Leasing Company of India Limited (in short
