AGM EXTENSION 2020 – MCA Clarification for the FY 31.03.2020 MCA vide General Circular no. 28/ 2020 dated 17th August 2020 has issued Clarification on Extension of Annual General Meeting (AGM) for the financial year ended as at 31.03.2020- Companies Act, 2013. Key Highlights: 1. …
CESTAT RULINGS Profit earned by vehicle dealer from selling second hand vehicle is not chargeable to tax under service tax When a vehicle is purchased by dealer who subsequently sold them, it remains a transaction of sale and purchase of old vehicle. Refurbishing of…
A Platform for Transparent Taxation - Honoring the Honest Any assessment, outside the faceless scheme will be Invalid ( other than exception) No Intrusive and survey action by field officers ; only following after the approval from the level of chief commissioner or above Investigating…
E-Invoice Provisions are not applicable to Special Economic Zone Unit Threshold limit for E-Invoice applicability has been enhanced to 500 Crores from 100 Crores Click here to Download Notification No. 61/2020 - Central Tax-Dated 30th July, 2020 Relevant Notifications notfctn-13-central-tax-english-2020 notfctn-70-central-tax-english-2019 Disclaimer: The entire contents…
Central Goods and Services Tax (Ninth Amendment) Rules, 2020. In the Central Goods and Services Tax Rules, 2017, the FORM GST INV-01 has been substituted. Click here to download Notification No 60/2020 -Central Tax Dated 30th July, 2020
Full Text of the Notification "G.S.R.....(E).— In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Government, on the recommendations of the Council, hereby makes the following further amendment in the notification of…
RBI Payment and Settlement Systems The Reserve Bank of India (RBI) has released Statement on Developmental and Regulatory Policies dated 06th August, 2020 on account of various developmental and regulatory policy measures to enhance liquidity support for financial markets and other stakeholders; further easing of…
ADVANCE AUTHORITY RULINGS Taxability of supply of food & beverages to Hospitals on outsourcing basis The supplier is not being paid by the consumer of the food & beverages directly. Supplier here is only vested with the management of the canteen. Exemption under the notification…