Key Take-way of the decision of the Hon’ble Supreme Court (SC) 1. The Hon’ble SC has refused to interfere in the order as passed by the Hon’ble High Court of Rajasthan and accordingly confirmed that no late fees shall be levied during period 06.02.2020 to
Table of Contents The Direct Tax Vivad Se Vishwas Scheme Finance Bill 2020ObjectiveDefinitionsDownload the copy: The Direct Tax Vivad Se Vishwas Scheme Finance Bill 2020 Objective •The intention was to resolve the disputed tax dues filed at all various adjudication levels due to the
Table of Contents ACCOMMODATION, FOOD AND BEVERAGE SERVICESEntry No. 7 of Notification 11/2017 of Central Tax (Rate) deals with Accommodation, food and beverage services.Changes via Notification 46/2017 Central Tax (Rate) w.e.f 15.11.2017Changes via Notification 13/2018 Central Tax (Rate) w.e.f 27.07.2018Changes via Notification 27/2018 Central
Table of Contents Rule 36(4) and other issues in claiming ITC under the GST ActThis subject can be divided into 4 parts. How to ascertain the payment of tax by the supplier in cash or through ITC? Issue: Answer: Section 43A(1): Section 43A(2): Section 43A(3): Section 43A(4):Section 43A(5): Download the
false एंट्री पर कितनी पेनल्टी लगेगी नए बजट में? सिर्फ व्यापारी पर ही लगेगी या सहयोग करने वाले पर भी? false एंट्री क्या है? क्या सभी पर लगेगी या बुक्स मेंटेन करने वालों पर ही लगेगी? इस बार इनकम टैक्स एक्ट में आई इस नई
Table of Contents Purpose of this GuideGuidance:Criteria for corporate entities to qualify as Small Entity Criteria for non-corporate entities to qualify as Small Entity (a) Is the concentration of ownership and management limited to a small number of individuals?Guidance:(b) Is the entity engaged in
Table of Contents NOTICE INVITING COMMENTS ON THE CONSULTATION PAPER TO EXAMINE THE EXISTING PROVISIONS OF LAW AND MAKE SUITABLE AMENDMENTS THEREIN TO ENHANCE AUDIT INDEPENDENCE AND ACCOUNTABILITYA. Objective B. Background and rationale for the review C. Current regulatory Provisions:(D) Suggestions to overcome the
Table of Contents PROPOSED E-INVOICING SYSTEM A. What is an e-invoice?B. e-Invoice and Tax Department C. Other derived benefits of the introduction of e-invoice from GST perspective D. What type of documents are to be reported to the GST System?E. What will be the workflow
SC refused to interfere in the order of the Rajasthan high court In the matter of UOI vs Tax Bar Association, Hon’ble Supreme Court through its bench comprising of Hon’ble Justice R F Nariman & Hon’ble Justice Ravinder S Bhatt, at the outset, refused to
Table of Contents RULE 36(4) LEGAL VALIDITY & COMPLIANCERULE 36(4)CLARIFICATIONS BY CIRCULAR NO 123 DT 11/11/2019EFFECT OF COMPLIANCEISSUESELIGIBLE ITC AS PER 2AAGGREGATE YEAR TO DATE METHODULTRA VIRES?POWER TO MAKE RULES (SEC 164)SEC 16(1)SEC 16(2)Download the copy: RULE 36(4) LEGAL VALIDITY & COMPLIANCE Minutes of
