NOTIFICATIONS Extension in validity of e-way bill generated in terms of Rule 138 of CGST Rules Validity of e-way bill generated (in terms of Rule 138 of CGST Rules) on or before March 24, 2020 and whose validity has expired on or after March 20,…
INTRODUCTION Composition in dictionary meaning: the nature of something’s ingredients or constituents; the way in which a whole or mixture is made up. The word “composition” comes from the Latin, meaning “put together”. It is a feature of Indirect Tax laws that in order to…
Hello everyone, I hope you all are doing well and staying safe at your places. We all are having multiple views over the impact of COVID-19 in Accounting and auditing. At present, many of us are doing Audits remotely on the basis of the availability…
Reserve Bank of India has released the Discussion Paper on Governance in Commercial Banks in India and invited Public Comments by 15th July 2020. The objective of the discussion paper is to align the current regulatory framework with global best practices while being mindful of…
40th GST Council Meeting Key Highlights dt. 12.06.2020 “Recommendations of GST council related to Law &Procedure” Finance Minister, Smt. Nirmala Sitharaman chaired the 40th GST Council meeting via video conferencing today i.e. 12th day of June 2020. GST Council is meeting today for the first…
Key Decision and Recommendations of 40th GST Council Meeting GSTR-3B for May, June and July 2020 for small taxpayers Relief for small taxpayers (aggregate turnover uptoRs. 5 crore) | GSTR-3B for May, June and July, 2020 Waiver of late fees and interest if the returns…
Share transfer or transfer of shares is a simple process with which the owner of the share, transfers the rights and liabilities of the share to another person for a consideration or by way of gift. Though the securities or other interest of any member…
Relevant Provisions Schedule III of the CGST Act, 2017 contains activities or transactions which shall neither be treated as supply of goods nor a supply of services Entry No. 1 of the same schedule has been mentioned below for reference “Services by an employee to…