BACKGROUND OF LEVY Leviability of GST under Reverse Charge Mechanism (RCM) on ocean freight is one of the issues which has been seriously debated on in the GST regime since beginning. The controversy relating to taxation of ocean freight under RCM finds its roots from…
Amended Transitional Arrangements for ITC notified u/s 140 of CGST Act CBIC HAS NOTIFIED PROVISONS U/S TRANSITIONAL ARRANGEMENTS FOR ITC Transitional credit for un-availed CENVAT-Amended provisions effective from 18.05.2020 Central Board of Indirect Taxes and Customs, Ministry of Finance, (Department of Revenue) vide Notification No. 43/2020…
श्री कृष्ण - अर्जुन संवाद TDS/TCS बदलाव पर। अर्जुन: श्री कृष्ण जी को मेरा प्रणाम। कृष्ण: तथास्तु। अर्जुन: भगवन , भारत सरकार द्वारा कोरोना के मद्देनजर टैक्स स्लैब में कोई बदलाव किया गया हैं क्या? कृपा मुझे बताने का कष्ट करें। कृष्ण: अर्जुन, भारत सरकार…
Central Government has allowed export of Non-Medical Mask/Non-Surgical Masks of all types i.e. (cotton, silk, wool,knitted) . All other types of masks falling under any ITCHS code, including the HS Codes mentioned above , would continue to be prohibited. Click here to download full notification
Key Highlights of FM Speech 17.05.2020 on major LAw Reforms, EODB, HEalth, Public Sectors आत्मनिर्भर भारत अभियान -V (Self-Reliant India Movement -V) Overview of PAST THREE Tranches: The first tranche included measures for small businesses, the second aimed at helping migrant workers and the third…
Various Amendments by Finance Act, 2020 relating to time limits for transitional Credit provisions are applicable with effect from 18th May 2020. Related Posts: Another Chance to File TRAN-1 by 30th June, 2020: Says Delhi HC Full Text of the notification "G.S.R. ….(E).— In exercise…
FM ANNOUNCED SPECIAL RELIEF AND CREDIT SUPPORT TO AGRICULTURE, HOSPITALITY, TOURISM DT. 15.05.2020 आत्मनिर्भर भारत अभियान -III (Self-Reliant India Movement -III) Overview of First Two Tranches: The first tranche included measures for small businesses, the second aimed at helping migrant workers. Key Highlights: Today's…
Q 1. What is the LLP SETTLEMENT SCHEME -2020? Ans. In order to promote ease of doing business, the Central Government decided to give a Onetime relaxation in additional fees to the defaulting LLPs to make good their default by filing pending documents and to serve…