Notification No 31/2020 Central Tax : GST Interest Waiver Seeks to provide relief by conditional lowering of interest rate for tax periods of February, 2020 to April, 2020. [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… Read More »
Notification No 30/2020 Central Tax Notification No 30/2020 Central Tax Seeks to amend CGST Rules (Fourth Amendment) in order to allow opting Composition Scheme for FY 2020-21 till 30.06.2020 and to allow cumulative application of condition in rule 36(4). Complete Notification No 30/2020 Central Tax [To be published in the Gazette of India, Extraordinary, Part… Read More »
New GST Notifications and Circulars 03.04.2020 Circular No 136/06/2020 GST : Notifications Clarifications Notification No 30/2020 Central Tax CGST (Fourth Amendment) Rules 2020 Notification No 31/2020 Central Tax : GST Interest Waiver Notification No. 32/2020 Central Tax : GSTR3B Late Fees Waiver Notification No 33/2020 Central Tax GSTR1 Late Fees Waiver : Notification No 34/2020… Read More »
Circular No 136/06/2020 GST, by the Government for providing relief to the taxpayers in view of spread of Novel Corona Virus (COVID-19) – Reg Circular No 136/06/2020 GST Page 1 of 5 CBEC-20/06/04-2020 -GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi,… Read More »
Sub: Ministry of Corporate Affairs has issued Companies Fresh Start Scheme, 2020” and revised the “LLP Settlement Scheme, 2020 during the period starting from 1st April, 2020 and ending on 30th September, 2020. The Ministry of Corporate Affairs in pursuance of the Government of India’s efforts to provide relief to law abiding companies and Limited… Read More »
FAQs on the Companies Fresh Start Scheme The Ministry of Corporate Affairs in pursuance of the Government of India’s efforts to provide relief to law abiding companies and Limited Liability Partnerships (LLPs) in the wake of COVID 19, has introduced the “Companies Fresh Start Scheme, 2020” Further, the scheme gives an opportunity to inactive companies to… Read More »
New Income Tax Due Dates I March 2020 I April 2020 I May 2020 I Ordinance 2020 I CA Satbir Singh
Penalty to be levied only when it is proved that income was concealed or inaccurate particular was furnished: HC HIGH COURT OF ALLAHABAD Principal Commissioner of Income-tax, Central Kanpur v. Dinesh Chandra Jain BHARATI SAPRU AND ROHIT RANJAN AGARWAL, JJ. IT APPEAL NOS. 276, 277 OF 2015 IT APPEAL DEFECTIVE NOS. 197, 198, 199 & 200 OF… Read More »
Ministry of Finance Government provides relief for third party Motor Insurance & Health policy holders in the light of COVID-19 lockdown Date for renewal of health, motor insurance policies extended to April 21 Posted On: 02 APR 2020 The Government has provided relief for third party Motor Insurance & Health policy holders in the light… Read More »
Share sold through Stock Exchange are not Sham Transactions The transactions were carried through Demat account and banking channel on which STT has been paid by assessee. The report of the SEBI was not adverse in nature against the assessee because name of the assessee did not appear therein for conducting dubious transaction. The report… Read More »