RBI/2019-20/46 DPSS (CO) RTGS No.364/04.04.016/2019-20 August 21, 2019 The Chairman / Managing Director / Chief Executive Officer of member banks participating in RTGS Madam / Dear Sir, Real Time Gross Settlement (RTGS) System – Increase in operating hours A reference is invited to the circular DPSS (CO) RTGS No. 2488/04.04.016/2018-19 dated May 28, 2019 on ‘Real Time… Read More »
New GST E- Invoice Format I GST Electronic Invoice
E-Invoice Schema & Template Review CONCEPT As you may be aware that the GST Council has decided to introduce electronic-invoice (hereinafter called as E-invoice) on voluntary basis from January 2020. Presently there is no standard defined for E-invoice under GST or under any other statute. Need has been felt of having a standard to ensure… Read More »
Goods and Services Tax Appellate Tribunal MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 21st August, 2019 S.O. 3009(E).—In exercise of the powers conferred by the sub section 6 of section 109 of the Central Goods and Services Tax Act, 2017, the Central Government, on the recommendation of the Goods and Services Tax… Read More »
Presumptive Tax u/s 44AE-Heavy Vehicle weight to be used, gross, laden or unladen. CBDT clarification for computing profits and gains of heavy goods vehicle F.No.225/233/2019/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 14th August,2019 To The Secretary General All India Motor Transport Congress New Delhi Sir, Subject: Urgent… Read More »
Practicing Chartered Accountants are invited to fill the Multipurpose Empanelment Form (MEF) for the year 2019-20 at www.meficai.org . The key highlights of the MEF- 2019-20 are: Applicants registered earlier for MEF 2018-19 have to simply login with MEF 2018-19 credentials. Most of fields are pre-filled and auto-populated from Institute’s records or last year’s MEF. Please refer… Read More »
Ministry of Finance CBDT issues clarification on eligibility of small Start-ups to avail tax holiday Posted On: 22 AUG 2019 The Central Board of Direct Taxes (CBDT) has clarified today that small start-ups with turnover upto Rs. 25 crore will continue to get the promised tax holiday as specified in Section 80-IAC of the Income… Read More »
The central government notifies that the Sabka Vishwas (Legacy Dispute Resolution) Scheme (SVLDRS), 2019 will come into effect w.e.f 1st September, 2019 till 31st December, 2019 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes… Read More »
The Central Government notifies the Sabka Vishwas (Legacy Dispute Resolution) Scheme (SVLDRS) Rules, 2019 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Notification No. 05/2019 Central Excise-NT New Delhi, the 21st August,… Read More »
CBIC enhances monetary limits for filing departmental appeals in legacy matters in CESTAT, High Courts and Supreme Court F.No 390/Misc/116/2017-JC Dated 22nd August 2019 Download Click here