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
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
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
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
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
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
Table of Contents 1. Who is required to file DIR-3 KYC form?2. Who can file eForm DIR-3 KYC?3. Who can file KYC through DIR-3 KYC web-service?4. Dates to be kept in mind to comply with Annual compliance of KYC5. Which details are required to be
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
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
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.
