GST and Income Tax Updates
New TDS and TCS Rates from 14.05.2020 for FY 2020-21
What is TDS on Contractor I Income Tax and GST I CA Satbir Singh
Big Change in Income Tax TDS I Applicability I From FY 2020-21 I CA Satbir Singh
CBDT Deferred New Registration procedure for Charitable and certain entities till Ist Oct 2020
Circular No 11/2020 Dated 08.05.2020 : NRI Status for FY 2019-20 Clarification by CBIC
TRAN 1 upload / Rectification allowed till 30.06.2020 I CA Satbir Singh
GSTR 3B Rectification allowed after filing I CA Satbir Singh
Export Date Extension for lower GST to Merchant Exporter
Circular No 138/08/2020 GST : Issues Clarified due to COVID 19
5 New GST Notifications issued on 5th May 2020 I CA Satbir Singh
GST Annual Return Date Extended FY 2018-19 Notification I CA Satbir Singh
Breaking News I E-way Bill Validity Date Extended I Notification I CA Satbir Singh
ICAI Advisory on Communication with Retiring Auditor through E-mail
ICAI Advisory on Mentioning Fees in Advertisements issued by Members
GST Reporting Deferred in Tax Audit : Circular No.10/2020
CBIC guidelines for Personal Hearings through video conferencing
E-mails for facilitating faster Income Tax refund can not be misconstrued as harassment: CBDT
New Tax on Online Sale of Goods and Services I CA Satbir Singh
Advisory for Bank Branch Auditors- 2019-20 by ICAI
Tax on Saving Bank Accounts I CA Satbir Singh
Section 80G deduction for PM Care Fund based on Certificate issued by Employer : CBDT
New GST Circular Clarifications I Contract Cancelled I Refund I TDS I LUT I CA Satbir Singh
IT Dept released Over 10.2 lakh Refunds worth Rs 4,250 crore
Revised Guidelines of MHA for Lockdown from 15.04.2020
Change of Date of Birth of EPF/ESI Members
MCA Clarifications on CSR expenditure for COVID 19
Download 197 Certificate for Section 194M
20 Expenses & Investments Tracked by Income Tax Dept I High Value Transactions I CA Satbir Singh
CGST Rules, 2017 as amended up to 03.04.2020
GST Latest Articles and Analysis
GST Portal Alert for GSTR 6 (Input Service Distributor)
New GST Rule to link Aadhaar with GSTIN I GST Registration I Cancellation of GST
New GST Due Dates I Interest I Late Fees I ITC I Feb 2020 to May 2020
GSTR 8 Last Date for March 2020 , April 2020 & May 2020 I CA Satbir Singh
GSTR 7 Last Date for March 2020, April 2020 & May 2020 I CA Satbir Singh
COVID 19 :cash withdrawal from PF permitted : Notification
Govt gives relief for repayment of Loan and EMI I Interest I Working Capital I CA Satbir Singh
Extension of rebate in taxes on Export of Garments and made-ups approved by Cabinet
Latest GST Notifications
Notification No 42/2020 Central Tax : GSTR 3B Date Extension for K & K and Ladakh
Notification No. 41/2020 Central Tax : Date extended for GST Annual Return FY 2018-19
Notification No 39/2020 Central Tax : GST Registration by Insolvency Professional Resolution
Notification No 38/2020 Central Tax : GSTR 3B filing by SMS
Circular No 137/07/2020 GST Provisions Clarified
Instruction No 2/1/2020 GST : Pending GST Refund immediate processing
Notification No 30/2020 Central Tax CGST (Fourth Amendment) Rules 2020
New GST Notifications and Circulars 03.04.2020
Circular No 136/06/2020 GST : Notifications Clarifications
Latest GST Judgments
Detained vehicle and goods to be released on payment of tax : HC
File Application for GST TRAN-1 committed errors with Nodal Officer : HC
Kerala Tax on Paper Lotteries Act, 2005 is unconstitutional & invalid: HC
NO Detention of Goods unless Intention is to Evade Tax in GST :HC
GST Margin Scheme on Second hand jewellery purchased from unregistered person :AAR
Taxpayer released on Bail if Imported Goods not re-exported and time period not expired : HC
TRAN 1 can be filed within 3 years as per Limitation Act till 30-6-2020: Delhi HC
FIR for lodged for bogus tax invoices will not be quashed : HC
Withdrawal Advance Ruling application allowed if Agreement cancelled : AAR
GSTR 3B Rectification allowed in the month in which error occurred : HC
Denying Refund is illegal if holded for cross verification of payment made : HC
Service Tax records can be asked even after GST Regime : HC
Coercive action can be taken against taxpayer in GST if he failed to appear against summons : HC:
GST Officer to consider Refund of IGST paid on Export but not filled in shipping bills: HC
IGST on importer on Ocean Freight are ultra vires to the IGST Act : HC
GST on Compensation paid to parties if agreement could not materialize : AAR
Notice issued to Govt on Unsuccessful upload of Annual GST Return : HC
Refund IGST paid on ocean freight is allowed : HC
Circular No 132/2/2020 – GST Appeal Time and non-constitution of Appellate Tribunal
GSTR9C Filing Exemption to Foreign Airlines : Notification 09/2020– Central Tax
10 Key Outcomes from 39th GST Council Meeting
Income Tax Article and Analysis
New Income Tax Due Dates I March 2020 I April 2020 I May 2020 I Ordinance 2020 I CA Satbir Singh
Income Tax Notifications and Circulars
Immediate Release of Income Tax Refund upto Rs 5 Lakh
Finance Act 2020 Download Notification
Donate to PM Cares Fund to fight Covid 19 : PM Appeal
Form 15G/15H filing Date Extended for FY 2020-21 : CBDT
Income Tax Authority for Country-by-Country Report notified
Income Tax Judgments
60% Depreciation allowed on Set Top Boxes : ITAT
Amount collected for Building Development Fund from students is capital receipt , not taxable : ITAT
Interest Exp disallowed if Sales to sister concern and amount not realized : HC
SLP dismissed due to Low Tax Effect : SC
AO can not make disallowances if it was not part of Remand proceedings : HC
No addition u/s 153A if incriminating material not found in search : ITAT
Sec 10A to exclude Foreign travel exp for providing services outside India : ITAT
No Tax u/s 41 on Waiver of loan by Govt : HC
ITAT can rectify order even after 6 months : ITAT
No disallowance u/r 8D if Investment made from Interest free Surplus funds : ITAT
Payment made for Long lasting source of material is capital Expenditure :
Pending rectification application to be considered by CIT(A) as AO started recovery proceedings :HC
Addition justified for Late deposit of employee’s contribution towards PF and ESI : HC
Sec 10A to exclude Foreign travel exp for providing services outside India : ITAT
No Interest u/s 234A/B/C if winding up order against Financialy weak company : HC
No Tax on Accrued Interest on Govt grant received for house construction of Police Officers : HC
No Addition u/s 69B based on Stamp Duty Value : HC
SLP dismissed due to having low tax effect : SC
No Tax Exemption if mutual concern principal not existing : SC
No Sec 68 Addition of Partners Capital Contribution in Partnership Firm : HC
No coercive action against taxpayer if writ filed challenging Black Money Act : HC
Penalty enviable for accepting Cash Deposit exceeding Rs 20000 : HC
Bogus Donation made to claim deduction , matter rightly remanded back to Assessing Officer : HC
Direct Tax Dispute Resolution Scheme 2016 Relief not allowed after delay of 3 years : HC
No Revision u/s 263 if barred by limitation Period : HC
AO to check whether society had license to do banking business for Section 80P Claim : ITAT
Notice given after Recovery proceedings is not Valid : HC
No Revision u/s 263 if AO conducted required enquiry : ITAT
Loan to director is not deemed divided if money Lending is one of object of company : HC
File ITR in Paper Form as E-filing not allowing set off of Losses : HC
Stay on 20% of Demand allowed on deposit of Rs 2 Lakh only : HC
Loan to director is not deemed divided if money Lending is one of object of company : HC
New claim can be filed in Return for deduction u/s 153A : HC
MAT Losses can be Carried Forward without 8 year restriction : HC
No Addition of undisclosed income if corroborative evidence not available : HC
Income Tax Refund can’t be withheld because of Scrutiny Notice : HC
Additional Income can be disclosed before settlement Commission : HC
For Section 80I and 80HH deduction allowed for Interest due to Late Payment from Debtor : HC
No Revision u/s 263 if AO applied his mind on the issues :ITAT
Tax in Separate Heads if Salary & Commission received by Employee from employer : ITAT
Additions of undisclosed income can not be made on presumption without corroborative evidence : HC
Separate Satisfaction Note not required u/s 153C if Assessing Officer is same : SC
If Incriminating material not found during search Sec 153A can not be invoked : ITAT
Taxpayer can claim Interest on delayed payment of Interest on refund u/s 244A :HC
Companies Act
ICAI FAQs on LLP Settlement Scheme 2020
ICAI FAQs on the Companies Fresh Start Scheme 2020
COID 19 : All companies & LLP to File CAR on 23.03.2020
CARO 2020 Applicability Date Extended
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