Key highlights of Fifth tranche of measures announced by the Finance Minister
The Finance Minister, Smt. Nirmala Sitaraman in a press conference held on…
Corporate restructuring in response to COVID-19
The outbreak of COVID-19 has resulted in a series of unprecedented challenges…
Five announcements on EPF and income tax made by FM Nirmala Sitharaman
Keeping in view PM Modi’s vision of a “self-reliant India”, FM Nirmala…
Five income tax relaxations that you need to know
In order to enhance liquidity in the hands of taxpayers, FM announced…
CBDT notifies reduced TDS/TCS rates applicable from May 14, 2020
REDUCTION IN RATE OF TAX DEDUCTION AT SOURCE (TDS) & TAX COLLECTION…
Separate GST registration for companies undergoing CIRP: Critical Analysis
1. Introduction The Insolvency and the Bankruptcy Code, 2016 (hereinafter referred to…
Auctioning of right to collect charges for conducting pooja by religious institution is a service, taxed @ 18% GST
Auctioning for collection of vehicle entry fees for access to temple premises,…
Transitional Credit: Amid of contradictory judgements, Govt. notifies retrospective amendment to Section 140
CBIC has appointed May 18, 2020 from which retrospective amendment in Section…
Natural Justice in GST Laws
GST was introduced to relieve the consumer from the burden of cascading…
Penalty for Fake Entry, etc., in Books of Account
In the recent past after the launch of Goods & Services Tax…
MCA relaxes norms related to transfer of unclaimed money to IEPF a/c due to Covid-19
In view of situation emerging out of the outbreak of COVID-19, the…
Capital and debt market services shall continue to operate as per revised guidelines by MHA: SEBI
The MHA vide Order No. 40-3/2020- DM-I (A) dated April 15, 2020…
Advance ruling application rejected for being incomplete & non-deposit of required fees
Where application filed by applicant seeking GST applicability on Medical Services with…
Sale of under construction building under ‘Business Transfer Agreement’ is supply of service, exempt from GST
Applicant carrying on business of constructing residential/commercial complexes and selling thereof, sold…
AO couldn’t insist Bank to remit tax dues of assessee until he disposed of application seeking stay on recoveries
Where Assessing Officer issued a notice to assessee’s bank requiring it to…
Clarification in respect of certain challenges faced by the registered persons in implementation of provisions of GST Laws
The Central Government vide Circular No. 137/07/2020-GST dated 13th April,2020, has issued clarifications in…
Companies may send notice of EGM through e-mail to its members during COVID-19 pandemic
The MCA has received representation from stakeholders related to difficulties serving and…
Authority to consider assessee request of refund of IGST paid on exports but failed to mention in shipping bills
Where assessee had exported goods after payment of IGST and it filed…
COVID-2019 Impact: Status of “10% ITC rule for availment of ITC”
According this Rule, a registered person can avail ITC in respect of…
Kerala HC directed assessee to file additional memorandum of grounds as appeal filed by it was defective
Where assessee aggrieved by order of Assessing Officer filed appeal and stay…