CBIC notifies Jurisdiction of Jammu Commissionerate over UT of J & K and Ladakh [Read Notification]

The Central Board of Indirect Taxes and Customs ( CBIC ) has notified Jurisdiction of Jammu Commissionerate over Union Territory of Jammu & Kashmir and Union Territory of Ladakh. By the Virtue of Jammu and Kashmir Reorganization Act, which downgrades and bifurcates the State of Jammu and Kashmir into the Union Territory of Jammu & […]

The post CBIC notifies Jurisdiction of Jammu Commissionerate over UT of J & K and Ladakh [Read Notification] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2BZYJCx

NAA dismisses Application alleging Profiteering on Ground that Taxable Amount after Introduction of GST reducing rate remained same

The National Anti-profiteering Authority ( NAA ) in the matter of Kerala State Screening Committee on Anti Profiteering v M/s Rosata Vitrified Pvt Ltd dismissed the applicant’s appeal on the ground that the taxable amount after the introduction of GST remained the same. The applicant alleged profiteering against the respondent on the ground on not […]

The post NAA dismisses Application alleging Profiteering on Ground that Taxable Amount after Introduction of GST reducing rate remained same appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2PBgno9

Recovery of 50% of Parental Health Insurance Premium from Employees does not Amount to Supply: AAR Maharashtra [Read Order]

The Maharashtra bench of the Authority for Advance Ruling ( AAR ) in an application filed by Jotun India Pvt. Ltd. held that the recovery of 50% of the Parental Health Insurance Premium from employees does not amount to supply of service. The applicant seeks a ruling on whether a recovery of 50% of Parental […]

The post Recovery of 50% of Parental Health Insurance Premium from Employees does not Amount to Supply: AAR Maharashtra [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/3360uKo

Amount Pooled by Clubs to Meet Expenses other than Administrative Expenses liable to GST: AAR

The Maharashtra Bench of the Authority of Advance Ruling ( AAR ) in an application filed by Rotary Club of Mumbai Western Elite held that only membership fees received from members of the club shall be exempt making other collections (except for meeting administrative expenses) liable to GST. Rotary Club (registered under the GST law) […]

The post Amount Pooled by Clubs to Meet Expenses other than Administrative Expenses liable to GST: AAR appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/326ntDC

Finance Ministry releases Status Report on Implementation of Several Measures announced by Finance Minister to Boost Economy

The Finance Minister Nirmala Sitharaman had announced several short and long-term measures to boost economy on 23.10. 2019, 30.8.2019 and 14.09.2019. Out of these a total number of thirty-two measures were announced on 23.08.2019 to boost the economy.  Out of these, thirteen (13) announcements have been fulfilled. In respect of twelve (12) measures announced on 14.09.2019 […]

The post Finance Ministry releases Status Report on Implementation of Several Measures announced by Finance Minister to Boost Economy appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2WGnMEp

CBDT extends due date for filing of Income Tax Returns / Tax Audit Reports in Union Territory of Jammu and Kashmir and Ladakh [Read Order]

The Central Board of Direct Taxes ( CBDT ) has extended due date for filing of Income Tax Returns / Tax Audit Reports to 30th November, 2019 in respect of Union Territory of Jammu and Kashmir and Union Territory of Ladakh. The Notification issued by CBDT said that, “On consideration of reports of disturbances in […]

The post CBDT extends due date for filing of Income Tax Returns / Tax Audit Reports in Union Territory of Jammu and Kashmir and Ladakh [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/3223GFz

KPMG hiring B.Com Graduates for Audit Assistant

The KPMG India has invited applications from B.Com graduates for the post of Audit Assistant. Job Description The incumbent will work with the audit practice to execute audit/accounting services. The Individual: The candidate will be expected to be a team member in large assignments with the audit team. Possess a good understanding of Accounting and […]

The post KPMG hiring B.Com Graduates for Audit Assistant appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2Wu5Ts9

ICAI Campus Placement Programme: CA Fresher bags ₹36 lakhs Annual Salary Package

In a Campus Placement drive conducted by the Institute of Chartered Accountants of India ( ICAI ), a newly qualified Chartered Accountant has bagged ₹ 36 lakhs Annual Salary Package. In order to connect and bring together the Newly Qualified Chartered Accountants and the recruiters on a common platform, ICAI has recently organised the 50th […]

The post ICAI Campus Placement Programme: CA Fresher bags ₹36 lakhs Annual Salary Package appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/36n7swH

ICAI initiates talks amongst stakeholders to catalyse Government Accounting Reforms

The Institute of Chartered Accountants of India ( ICAI ) has initiated talks amongst stakeholders to catalyse Government Accounting Reforms. Recently, ICAI organised a National Summit on “Transparency and Accountability in Government Financial Management” in New Delhi. The Summit was inaugurated by Sadhvi Niranjan Jyoti, Hon’ble Minister of State for Rural Development in the presence […]

The post ICAI initiates talks amongst stakeholders to catalyse Government Accounting Reforms appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2N3ME5J

CBIC again issues FAQs on Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 [Read FAQs]

The Central Board of Indirect Taxes and Customs ( CBIC ) has issued Frequently Asked Questions ( FAQs ) on Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019. The CBIC has addressed more than sixty questions and answered the topics including eligible to file declaration under the Scheme, scope under the Scheme when adjudication order determining […]

The post CBIC again issues FAQs on Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 [Read FAQs] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2N4Xzfz

GST not applicable on Adoption Fees received from Adoptive Parents by Trust under Adoption Law: AAR Maharashtra [Read Order]

The Authority of Advance Ruling in Maharashtra has ruled that, Goods and Services Tax ( GST ) is exempted on Adoption Fees received from Adoptive parents by Trust under Adoption Law. The AAR was hearing a question, Whether the activities conducted by The Children of the World (India) Trust are the “Charitable Activities” exempted under […]

The post GST not applicable on Adoption Fees received from Adoptive Parents by Trust under Adoption Law: AAR Maharashtra [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/332OGbO

Compendium of GST Cases with Summary oct 2019 edition

No Input Tax Credit on Services used Exclusively for Providing Exempted Services: AAR Tamil Nadu [Read Order]

The Authority of Advance Ruling in Tamil Nadu has ruled that, the input tax credit ( ITC ) is not available on the input services used exclusively for providing exempt services of health services to inpatients such as laundry services used for inpatients. The AAR also said that, For Input services such as housekeeping, leasing […]

The post No Input Tax Credit on Services used Exclusively for Providing Exempted Services: AAR Tamil Nadu [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2WqXQfN

Practical Guide to GST Audits and Certification : Oct 2019 Book

CCI approves Acquisition of Shareholding in OLA by Hyundai Motor Company and Kia Motors

The Competition Commission of India ( CCI ) has approved the acquisition of shareholding in ANI Technologies Private Limited (ANI) and Ola Electric Mobility Private Limited (OEM) by Hyundai Motor Company (HMC) and Kia Motors Corporation (KMC), under Section 31(1) of the Competition Act, 2002. The Proposed Combination relates to acquisition of equity stake in […]

The post CCI approves Acquisition of Shareholding in OLA by Hyundai Motor Company and Kia Motors appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/324mfZE

GST: Builder Nani Resorts held Guilty of Profiteering for not passing ITC Benefit

The National Anti-Profiteering Authority ( NAA ) in the matter of Sh Sandeep Kumar v M/s Nani Resorts held the respondents guilty of profiteering and hence a refund of the profiteered amount. The profiteering has been alleged in respect of the purchase of a flat in Nani Resorts’ Project wherein the benefit of input tax […]

The post GST: Builder Nani Resorts held Guilty of Profiteering for not passing ITC Benefit appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/348fXJU

Punjab Cricket Association is engaged in a Commercial Activity: ITAT Chandigarh [Read Order]

The Chandigarh Bench of the Income Tax Appellate Tribunal in the case of Punjab Cricket Association v ACIT held Punjab Cricket Association to be engaged in a commercial activity. The assessee is a cricket association registered under the Societies Registration Act, 1860 and Section 12A of the Act, which was cancelled by the Commissioner of […]

The post Punjab Cricket Association is engaged in a Commercial Activity: ITAT Chandigarh [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2MWqgLu

PFRDA permitts Overseas Citizen of India to enroll in NPS at par with Non-Resident Indians

The Pension Fund Regulatory and Development Authority (PFRDA) has now permitted Overseas Citizen of India (OCI) to enrol in National Pension Scheme (NPS) at par with Non-Resident Indians vide Circular No: PFRDA/2019/19/PDES/3 dated 29th October 2019. The Government vide notification S.O. 3732(E) dated 17th October, 2019 on Foreign Exchange Management (Non-debt Instruments) Rules, 2019 of […]

The post PFRDA permitts Overseas Citizen of India to enroll in NPS at par with Non-Resident Indians appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/32ZgoGm

Company Secretary Vacancy in Kolkata Metro Rail Corporation Ltd

The Kolkata Metro Rail Corporation Limited has invited applications from qualified Company Secretaries for the notified post. Kolkata Metro Rail Corporation Limited (KMRCL) is a Construction Government Company under the Ministry of Railways engaged in the construction of East-West Metro Corridor at Kolkata, West Bengal from Howrah Maidan to Salt Lake Sector-V covering a distance […]

The post Company Secretary Vacancy in Kolkata Metro Rail Corporation Ltd appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/34eaDVm

GST on Works Contract, Construction and Real Estate Transactions 2019

GST applicable on Interest / Late Fee / Penalty due to delayed payment of consideration received after its imposition: AAR [Read Order]

The Chennai Bench of Authority of Advance Rulings ( AAR ) in an application filed by M/s Chennai port Trust held that interest, late fee and penalty due to delayed payment of consideration received after imposition of GST liable to GST. The applicant is engaged in the supply of port services and incidental supply of […]

The post GST applicable on Interest / Late Fee / Penalty due to delayed payment of consideration received after its imposition: AAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/34cuvIv

If Taxpayer withdraws Appeals filed after 30.06.2019 may avail Sabka Vishwas Legacy Dispute Resolution Scheme, 2019: CBIC [Read Circular]

The Central Board of Indirect Taxes ( CBIC ) has issued certain clarification on Sabka Vishwas Legacy Dispute Resolution Scheme, 2019 on tuesday. The CBIC said that, the cases where appeals were filed after 30.06.2019 should also be allowed relief under the Scheme. It is stated that such cases are not covered per se. However, […]

The post If Taxpayer withdraws Appeals filed after 30.06.2019 may avail Sabka Vishwas Legacy Dispute Resolution Scheme, 2019: CBIC [Read Circular] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2WqGuzJ

MCA extends due date of filing Annual Return and Financial Statement [Read Circular]

The Ministry of Corporate Affairs ( MCA ) has extended the due date of filing of Forms MGT-7 ( Annual Return ) and AOC-4 ( Financial Statement ) under the Companies Act,2013. The MCA also relaxed additional fees of non-filing of MGT-7 and AOC-4. The Circular said that, “it has been decided to extend the […]

The post MCA extends due date of filing Annual Return and Financial Statement [Read Circular] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/31SMr9G

Appellate Authority imposes Rs. 50k Penalty on ICAI [Read Order]

The Appellate Authority Constituted under the Chartered Accountants Act, 1949 has imposed Rs. 50,000 penaly on Institute of Chartered Accountants of India ( ICAI ) for the gross lapse on the part of the Institute in the compliance of the directions by Appellate Authority. The AA remanded to the Board of Discipline of the Institute […]

The post Appellate Authority imposes Rs. 50k Penalty on ICAI [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/36eJ2Fv

93 Assistant Accountant vacancies in Uttarakhand Subordinate Service Selection Commission

The Uttarakhand Subordinate Service Selection Commission ( UKSSC ) has invited application for the post of Assistant Accountant Vacancies. Last Date: 15th December 2019 Number of Vacancies: 93 Posts Educational Qualification: Candidates Should Have Passed Graduation or BBA or PG (Accountancy) from recognized University. Pay Scale: INR 5200-20200 + Grade Pay Rs.2800/- Age Limit: 21-42 Years. Age relaxation as […]

The post 93 Assistant Accountant vacancies in Uttarakhand Subordinate Service Selection Commission appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/31ZHGeB

State can levy Life Tax on Price shown in Invoice: Telangana HC directs Regional Transport Authority to not to demand Additional Life Tax on New Vehicles [Read Order]

The Telangana High Court has observed that, the State cannot be allowed to levy life tax on the ex-showroom price shown in the price list, when it is not the actual cost of the vehicle and the life tax has to be levied on the actual cost of the vehicle as paid by the purchaser […]

The post State can levy Life Tax on Price shown in Invoice: Telangana HC directs Regional Transport Authority to not to demand Additional Life Tax on New Vehicles [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2JuBMLL

Gujarat Cricket Association while conducting International Matches is not engaged in Commercial Activity: Gujarat High Court [Read Judgment]

The Ahmedabad bench of the Gujarat High Court in the case of Director of Income Tax v Gujarat Cricket Association ruling in favour of the assessee held the assessee society to be engaged in charitable activity and not in an activity of commercial nature. Further that once a certificate for registration has been granted under […]

The post Gujarat Cricket Association while conducting International Matches is not engaged in Commercial Activity: Gujarat High Court [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2WtFdb6

No GST on Reimbursement of Expenses to Employee by Employer: AAR [Read Order]

The Authority of Advance Ruling ( AAR ) in Karnataka has ruled that, the amounts paid to the employees of the applicant company as reimbursement of expenses incurred by them in the course of employment of the applicant company are not liable to tax under the provisions of the Goods and Services Tax Act, 2017 […]

The post No GST on Reimbursement of Expenses to Employee by Employer: AAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2qR0qzY

GST applicable to Procuring Goods and Services from Third Parties for Maintenance of Apartments and Collecting Monies from its Members: AAR [Read Order]

The Authority of Advance Ruling ( AAR ) in Karnataka has ruled that, the activity of procuring Goods and Services from third parties for upkeep and maintenance of apartments and collecting the monies from its members to pay third parties is an activity liable to GST. The applicant, being an Apartment owners’ Association, have been […]

The post GST applicable to Procuring Goods and Services from Third Parties for Maintenance of Apartments and Collecting Monies from its Members: AAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/31Q55ij

Amazon hiring Chartered Accountants for Senior Tax Analyst – Indirect Tax Compliance

The Amazon India has invited application from Chartered Accountants for the post of Senior Tax Analyst – Indirect Tax Compliance. Responsibilities Analysis of transactional data for highlighting key tax risks and exceptions, and build in process to reduce and mitigate exceptions and consider accurate tax returns filing. Working closely with multiple teams and designing tax […]

The post Amazon hiring Chartered Accountants for Senior Tax Analyst – Indirect Tax Compliance appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2qLA4z7

Gujarat High Court orders Inquiry against GST Officials [Read Order]

The Gujarat High Court has ordered an inquiry against Goods and Services Tax ( GST ) Department Officials illegally staying at the house of a taxable person without the authority of law. According to the report submitted by learned Government Counsel, the carry out the search at the residential premises of the petitioner had stayed […]

The post Gujarat High Court orders Inquiry against GST Officials [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/341YG54

Guide To GST Litigation & Proceedings : New Book

18% GST applicable to Works Contract of Residential Quarters, rules AAR [Read Order]

The Authority of Advance Ruling ( AAR ) in Madhya Pradesh has ruled that, 18% Goods and Services Tax ( GST ) applicable to Works Contract of Residential Quarters. The AAR has clarified the rate of GST on contract for Construction of building and structure for colony a village Siveria at 2 x 660 MW […]

The post 18% GST applicable to Works Contract of Residential Quarters, rules AAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/31Sd926

CA Fresher Opening in Siemens

The Siemens Logistics has invited application for the post in finance controlling team from qualified Chartered Accountants (CA). The finance controlling team at Siemens Logistics business is responsible for all reporting and controlling activities for supporting the finance function in an organization. They are also responsible for analysis of financial statements and bringing out key […]

The post CA Fresher Opening in Siemens appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/32PITX0

No Recall of Ex-parte Order If in-person notice was served to Company’s CA: SC [Read Judgment]

The Supreme Court of India has rejected a plea seeking to recall an ex-parte order citing the reason that if in-person notice was served to company’s Chartered Accountant ( CA ). The Plea has been filed for Re­call of the Judgment dated 05.03.2019 passed in C.A. No. 2463 of 2019, on the ground that the […]

The post No Recall of Ex-parte Order If in-person notice was served to Company’s CA: SC [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/32OUkhD

Vodafone Idea entitled to Refund along-with Interest arising out of Return of Loss: Bombay High Court [Read Judgment]

The Bombay High Court in the case of Vodafone Idea Ltd. v Deputy Commr of Income Tax held Vodafone entitled to a refund arising out of the return of loss filed by it. The assessee engaged in the business of telecommunication services filed its return of income declaring a loss to the tune of Rs […]

The post Vodafone Idea entitled to Refund along-with Interest arising out of Return of Loss: Bombay High Court [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2pXewPz

CBI Arrests CGST Superintendent in a Bribery Case

The Central Bureau of Investigation (CBI) has arrested a CGST Superintendent & Central Excise Division Range-II, Lucknow (Uttar Pradesh) for demanding and accepting a bribe of Rs.25,000/- from the complainant. A case was registered on the allegations of demanding of illegal gratification of Rs.25,000/- by the Superintendent, CGST & Central Excise Division, Range-II, Lucknow for […]

The post CBI Arrests CGST Superintendent in a Bribery Case appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/3635L7f

Live Free Practice Session on GST 11 by CA Satbir Singh

Maharashtra GST Dept issues Guidelines on verification of TRAN-1 Credits [Read Circular]

An Internal Circular Number 35A of 2019 with the subject, ‘ Verification of TRAN-1 Credits ’ was issued by the Commissioner of Sales Tax on October 19th, 2019 in response to the queries raised by the taxpayers on the previously released guidelines given to the departmental officials for verification of TRAN-1 credit. The Internal Circular […]

The post Maharashtra GST Dept issues Guidelines on verification of TRAN-1 Credits [Read Circular] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2WhzTaK

DGFT prohibits Import of PET Flakes made from used PET Bottles [Read Notification]

The Directorate General of Foreign Trade ( DGFT ) has prohibited the import of PET Flakes made from used PET Bottles. In the DGFT vide Notification No. 26/2015-2020 dated October 24, 2019, has made amendment in Import Policy condition no. 02, of Chapter 39 of ITC(HS) Schedule – I, by prohibiting the Import of PET Bottles waste/Scrap/PET […]

The post DGFT prohibits Import of PET Flakes made from used PET Bottles [Read Notification] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/362lcg2

ICAI Invites Suggestions in respect of CA Examinations

The Institute of Chartered Accountants of India ( ICAI ) has constituted a High-Level Independent Committee on 26th September 2019 to look into the Examination processes and the CA Regulations relating to CA Examinations including Regulation 39(4) of The Chartered Accountants Regulations, 1988 and suggest changes wherever required. The Committee constituted in terms of the […]

The post ICAI Invites Suggestions in respect of CA Examinations appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2qFtEl3

Adani Group hiring CA for Assistant Manager

The Adani Group has invited applications from Chartered Accountants for the post of Assistant Manager. Adani Group is an Indian multinational conglomerate headquartered in Ahmedabad, Gujarat. It was founded by Gautam Adani in 1988 as a commodity trading business with the flagship company Adani Enterprises Limited. Job Description – Assistant Manager Key Responsibilities Manage Closing […]

The post Adani Group hiring CA for Assistant Manager appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2olgd9k

Concessional GST Guidelines revised for Purchase of Vehicle by Disabled [Read Guidelines]

The Department of Heavy Industry, Ministry of Heavy Industries & Public Enterprises, Government of India, in pursuance of Ministry of Finance Notification No. 14/2019-Integrated Tax Rate dated 30.09.2019, has notified the revised guidelines for availing the concessional rate of GST, for purchase of vehicle by the persons with orthopaedic disability, of 40% and above. Accordingly, […]

The post Concessional GST Guidelines revised for Purchase of Vehicle by Disabled [Read Guidelines] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2pQjnSL

MCA extends last date of filing of CRA-4 ( Cost Audit Report ) till Dec 31 [Read Circular]

The Ministry of Corporate Affairs ( MCA ) has extended the last date of filing of CRA-4 ( cost audit report ) for FY 2018-19 and also relaxed additional fees under the Companies Act, 2013. The Circular said that, “The companies which are required to file CRA-4 (cost audit report) for FY 2018-19 are required […]

The post MCA extends last date of filing of CRA-4 ( Cost Audit Report ) till Dec 31 [Read Circular] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/33WEnG4

DGFT advises not to Mis-declare Imported Goods under ‘Others’ Category [Read Circular]

The Directorate General of Foreign Trade ( DGFT ) has clarified that, members of the trade and industry while filing Bill of Entry (BoE) with the Customs Authorities need to be careful while mentioning HS Codes in the BoE, in case of imports and Shipping Bills in case of exports. India maintains 8 digits Harmonised […]

The post DGFT advises not to Mis-declare Imported Goods under ‘Others’ Category [Read Circular] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2MLxa6g

GST Practitioners Exam to be held on 12th December

Upcoming GST Practitioners Exam to be held on 12th December, 2019. The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) has been authorized to conduct an examination for confirmation of enrollment of Goods and Services Tax Practitioners (GSTPs) in terms of the sub-rule (3) of Rule 83 of the Central Goods and Services Tax Rules, […]

The post GST Practitioners Exam to be held on 12th December appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2JjLH75

Income Tax Department detects Rs 36cr TDS default by Realty Firm

The Income Tax Department has detected alleged tax evasion of over Rs 36 crore, by way of TDS default, after it surveyed a real estate group based in the national capital region. While the group was not identified, officials said the business house develops and maintains high-end malls, residential and commercial realty projects in Delhi, […]

The post Income Tax Department detects Rs 36cr TDS default by Realty Firm appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2pOc3Hi

Delhi HC grants Bail to Congress leader DK Shivakumar in Money Laundering Case [Read Order]

The Delhi High Court has granted bail to Congress Leader DK Shivakumar in Money Laundering case on medical grounds. A search under the Income Tax Act at the New Delhi, Safdarjung Enclave premises was conducted, in the response of which an amount of Rs 41,03,600 was recovered in cash, followed by a sanction to proceed […]

The post Delhi HC grants Bail to Congress leader DK Shivakumar in Money Laundering Case [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2PlwIgz

Assessment Notice Sent to Wrong Address of the Assessee due to Non Updating of New Address in PAN is not Bad in Law: SC [Read Judgment]

The Supreme Court of India in the case of Principal Commr of Income Tax v M/s I-Ven Interactive Ltd holding in favour of the department, ruled that notice sent to wrong address of the assessee due to non-updating of new address in PAN by the assessee is not bad in law. A number of notices […]

The post Assessment Notice Sent to Wrong Address of the Assessee due to Non Updating of New Address in PAN is not Bad in Law: SC [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2NocH6H

India ranks 63rd in World Bank’s Ease of Doing Business Report

The World Bank released its latest Doing Business Report (DBR, 2020) todayon24th October 2019. India has recorded a jump of 14 positions against its rank of 77 in 2019to be placed now at 63rdrank among 190 countries assessed by the World Bank. India’sleap of14 ranks in the Ease of Doing Business ranking is significant considering that there has […]

The post India ranks 63rd in World Bank’s Ease of Doing Business Report appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/31HZ3jB

No Service Tax on Services by Incorporated Clubs to Members, rules Supreme Court [Read Judgment]

The Supreme Court of India in the case of State of West Bengal v Calcutta Club Ltd. ruled that services rendered by incorporated clubs to members are exempted from service tax. The Assistant Commissioner of Commercial Taxes in a notice issued to the Respondent Club assessee on the ground that they had failed to make […]

The post No Service Tax on Services by Incorporated Clubs to Members, rules Supreme Court [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/33ZiWnQ

GST Evasion: DGGI Gurugram busts racket issuing Fake GST Invoices of more than Rs 136 Cr

The Directorate General of GST Intelligence (DGGI), Gurugram Zonal Unit, Gurugram arrested Sh. Rajiv Gupta on 23.10.2019, partner in M/s RST Batteries, Mundka Delhi and Director of M/s RST Batteries Pvt. Ltd Bahadurgarh, Haryana for orchestrating a racket involving fake invoices valued at more than Rs 136 crores thereby defrauding the Government of more than […]

The post GST Evasion: DGGI Gurugram busts racket issuing Fake GST Invoices of more than Rs 136 Cr appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2N7drNm

MCA indroduces ‘Online Proficiency Self-Assessment Test’ for Independent Directors before appointment w.e.f Dec 1st [Read Notification]

The Ministry of Corporate Affairs ( MCA ) has introduced ‘Online Proficiency Self-Assessment Test’ for Independent directors before the appointment with effect from December 1st, 2019. The Central Government has substituted Rule 6 in the Companies (Appointment and Qualification of Directors) Rules, 2014. According to the newly inserted provision, a person who intends to get […]

The post MCA indroduces ‘Online Proficiency Self-Assessment Test’ for Independent Directors before appointment w.e.f Dec 1st [Read Notification] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/32MYuXe

No ITC on Inward supplies of Goods and Services given as Incentives in the form of Gifts: AAR [Read Order]

The Authority of Advance Ruling in Karnataka has ruled that, the applicant is not eligible to avail input tax credit ( ITC ) on the inward supplies of goods and services which are attributable to the incentives provided in the form of gifts of goods and services to the painters and dealers and other persons […]

The post No ITC on Inward supplies of Goods and Services given as Incentives in the form of Gifts: AAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/363f5Is

CA / ICWA / CS / BCOM / MCOM and LLB Vacancy in JSW Group

The JSW Group has invited application for the post of AGM – Indirect Taxation from qualified CA / ICWA / CS / BCOM / MCOM and LLB graduates. The JSW Group played a key role in India’s growth story. Ranked among India’s top business houses, JSW’s innovative and sustainable forays into the core sectors of […]

The post CA / ICWA / CS / BCOM / MCOM and LLB Vacancy in JSW Group appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2MGf4Cs

Income Tax Department withdraws 1,072 Appeals from High Court, ITAT

The Income Tax Department of Tamil Nadu and Puducherry has withdrawn 1,072 appeal cases from Madras High Court and Income Tax Appellate Tribunals (ITAT). The CBDT had issued a Circular raising the threshold of filing cases in ITAT, High Court and Supreme Court. According to the Circular, To effectively reduce taxpayer grievances/litigation and help the Department […]

The post Income Tax Department withdraws 1,072 Appeals from High Court, ITAT appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/32Itw2n

Every person having Business Turnover of more than Rs 50 Cr Mandatorily provide facilities for accepting E-Payments from Nov 1st: CBDT invites application for Prescribing certain E-Modes of Payment

The Central Board of Direct Taxes ( CBDT ) has invited applications for Prescribing of certain electronic modes of payment under Section 269SU of the Income Tax Act, 1961. According to the newly inserted provision Section 269SU of the Income Tax Act, the objective of the Government to encourage digital economy and move towards a […]

The post Every person having Business Turnover of more than Rs 50 Cr Mandatorily provide facilities for accepting E-Payments from Nov 1st: CBDT invites application for Prescribing certain E-Modes of Payment appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2MHmwxj

ICSI urges Extension of last date for Annual Filing under the Companies Act, 2013 [Read Representation]

The Institute of Companies Secretaries of India ( ICSI ) has urged an extension of last date for Annual Filing under the Companies Act, 2013. According to the provisions of Companies Act, 2013 which require the filing of financial statements (Form AOC-4 and AOC-4 XBRL) and Annual Return (Form MGT-7) by every company with the […]

The post ICSI urges Extension of last date for Annual Filing under the Companies Act, 2013 [Read Representation] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2PcYo7m

Live Practice Session on GST by CA Satbir Singh

Cabinet approves MoU between India and Kuwait in the field of Accounting, Finance and Audit Knowledge base

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Memorandum of Understanding (MoU) for capacity building and strengthening the accounting, financial and audit knowledge base in Kuwait. Benefits:           The MoU entails that two entities of India and Kuwait which are: Institute of Chartered Accountants of India (ICAI) and Kuwait […]

The post Cabinet approves MoU between India and Kuwait in the field of Accounting, Finance and Audit Knowledge base appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2BBzwxV

Income Tax Department conducts Search on a prominent Business Group in Delhi

The Income Tax Department conducted search operation on a group based in Delhi in connection with tax evasion and money laundering. The group is engaged in various e-governance projects and financial services. It has a presence across several cities in India and also in Dubai. The search and seizure action has led to the unearthing […]

The post Income Tax Department conducts Search on a prominent Business Group in Delhi appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2JeI6qz

Chartered Accountants holding Certificate of Practice (CoP) are not allowed to list themselves and their services with Online Service Provider Aggregators: ICAI [Read Announcement]

The Institute of Chartered Accountants of India ( ICAI ) has banned its member holding Certificate of practice (CoP) to list themselves and their services with Online Service Provider Aggregators. In an announcement by ICAI said that, It has come to the notice of the Institute that members in practice are listing with certain online […]

The post Chartered Accountants holding Certificate of Practice (CoP) are not allowed to list themselves and their services with Online Service Provider Aggregators: ICAI [Read Announcement] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/32GLJNH

ICSI announces Online Quiz on Current Affairs & General Knowledge for Students

The Institute of Company Secretaries of India ( ICSI ) is organising online quiz on Current Affairs & General Knowledge for students of class 11th, 12th and students pursuing graduation. The Quiz will be conducted in three rounds i.e. Preliminary Round, Semi-Final Round and Final Round. The competition will have two categories: The Online Quiz […]

The post ICSI announces Online Quiz on Current Affairs & General Knowledge for Students appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2W4w1tk

Chartered Accountant / Cost Accountant Openings in Capgemini

The Capgemini has invited applications for the post of Account Manager from CA / CMA / MBA Finance Candidates. The Position requires candidates should have CA / CMA / MBA with 9+ years of experience. Capgemini SE is a French multinational corporation that provides consulting, technology, professional, and outsourcing services. It is headquartered in Paris, […]

The post Chartered Accountant / Cost Accountant Openings in Capgemini appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2MCCyIM

IICA to create and maintain a Data Bank of Independent Directors: MCA [Read Notification]

The Ministry of Corporate Affairs ( MCA ) has appointed Indian Institute of Corporate Affairs ( IICA) to create and maintain a data bank of Independent Directors. The Notification said that, “the Indian Institute of Corporate Affairs at Manesar (Haryana), as an institute to create and maintain a data bank containing names, addresses and qualifications […]

The post IICA to create and maintain a Data Bank of Independent Directors: MCA [Read Notification] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/35Yq4CP

ICSI to organise Mega Placement Drive for Company Secretaries

The Institute of Company Secretaries of India ( ICSI ) to organise Mega Placement Drive for Company Secretaries. Mega Placement Drive has become the core Placement Support activity for our Members who are looking forward to being Young Professionals making a mark in Indian Economy. The Mega Placement Drive has, off lately, evolved into one […]

The post ICSI to organise Mega Placement Drive for Company Secretaries appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/344r3jl

If No discrepancy in E-Way Bill or Tax Invoice the conveyance shall be allowed to move further: Gujarat HC quashes Detention Order [Read Judgment]

The Gujarat High Court has ruled that, if upon verification of the documents and on verification of the goods, no discrepancy is found, the conveyance shall be allowed to move further. The petitioner has challenged the order dated 08.04.2019 passed by the third respondent in the exercise of powers under section 130 of the Central […]

The post If No discrepancy in E-Way Bill or Tax Invoice the conveyance shall be allowed to move further: Gujarat HC quashes Detention Order [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2pH4d2a

Chartered Accountant, Company Secretary Vacancy in Delhi Transport Infrastructure Development Corporation Ltd

The Delhi Transport Infrastructure Development Corporation Limited ( DTIDC ) has invited application for the post of Company Secretary and Chartered Accountant for filling up 01 Post of Company Secretary (Full time) & 01 Post of Chartered Accountant (Full time) on a contract basis. DTIDC, an enterprise of Govt. of NCT of Delhi. The applicants […]

The post Chartered Accountant, Company Secretary Vacancy in Delhi Transport Infrastructure Development Corporation Ltd appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/33Ph9li

Subscription Charge for Providing access to Online Content attracts 18% GST: AAR [Read Order]

The Authority of Advance Ruling in Karnataka has ruled that, The providing of access to the online content by the applicant to his users is covered under SAC 998431 and is liable to tax at 9% CGST under the entry no.22 of Notification No.11/2017- Central Tax (Rate) dated 28.06.2017 and at 9% under the KGST […]

The post Subscription Charge for Providing access to Online Content attracts 18% GST: AAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2pBVEpj

Bombay HC sets aside NAA’s ruling against McDonald’s Franchisee [Read Judgment]

The division bench of the Bombay High Court has set aside National Anti-Profiteering Authority ruling against McDonald’s franchisee Hardcastle Restaurants Pvt. Ltd. The Petitioner operated quickservice restaurants under the brand name McDonald’s in Western and Southern India. The Petitioner serves around 2320 types of food and beverages items from its restaurants. The Petitioner is registered […]

The post Bombay HC sets aside NAA’s ruling against McDonald’s Franchisee [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2N1159d

Pooja Oil is Inedible Mixture taxable at 12% GST: AAR [Read Order]

The Authority of Advance Ruling ( AAR ) in Karnataka has ruled that, the ” Pooja Oil “, classified under tariff heading 1518, being inedible mixture gets covered under entry number 27 of Schedule – II of the Notification No.01/2017-CT (R) dated 28.06.2017, as amended, and hence is taxable at 6% under CGST Act, 6% […]

The post Pooja Oil is Inedible Mixture taxable at 12% GST: AAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/32Nl8i0

Live Practice Session on GST 9 by CA Satbir Singh

MCA allows filing of DIR-12 by ‘ACTIVE non-compliant’ company in Some Cases [Read Notification]

The Ministry of Corporate Affairs ( MCA ) has allowed filing of DIR-12 by ‘ACTIVE non-compliant’ company in some cases. The MCA has notified the Companies (Incorporation) Eighth Amendment Rules, 2019 wherein Rule 25 A has been amended. Now, the ACTIVE non-compliant’ company can file e-form DIR-12 in case of appointment as well. The eForm […]

The post MCA allows filing of DIR-12 by ‘ACTIVE non-compliant’ company in Some Cases [Read Notification] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/35ThuoX

Chartered Accountant Vacancies in SBI

The State Bank of India (SBI) has invited applications from Chartered Accountants (CA) for various specialists posts. The SBI has invited online application from Indian citizen for appointment in the following Specialist Cadre Officer posts on regular/ contract basis. Candidates are requested to apply on-line. The process of Registration is complete only when fee (wherever […]

The post Chartered Accountant Vacancies in SBI appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2MTGhAA

GST Evasion: CGST Delhi-West busts racket of 9 Export Firms claiming refund of Rs. 89 Cr

CGST Delhi-West has yesterday busted a racket of 9 export firms at Punjabi Bagh, Delhi, claiming a refund of Rs. 89 Crores on the basis of fake invoices worth Rs. 701 Crores, on which tax was never been paid to the Government. They have availed fraudulent Input Tax Credit for seeking IGST Refunds from Custom […]

The post GST Evasion: CGST Delhi-West busts racket of 9 Export Firms claiming refund of Rs. 89 Cr appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/35Tylry

GST CMP 8 date extended for july to SEP 2019 for Composition Taxpayers

ICAI releases Revised Schedule of Overseas Campus Placement for Chartered Accountants and Accountants

The Institute of Chartered Accountants of India ( ICAI ) has released a revised schedule of overseas campus placement for Chartered Accountants and Accountants. In continuation to our earlier announcement dated 7th October, 2019, members and students are hereby informed that Overseas Campus Placement drive has been rescheduled to be held from 12th – 14th […]

The post ICAI releases Revised Schedule of Overseas Campus Placement for Chartered Accountants and Accountants appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2MZXPee

GST: CBIC extends Last date for filing of CMP-08 for Composition Taxpayers to 22nd Oct, 2019

The Central Board of Indirect Taxes and Customs ( CBIC ) has extended the filing returns by the composition dealers in Form CMP-08 to October 22nd, 2019. The composition taxpayers shall furnish a statement, every quarter or, as the case may be, part thereof containing the details of payment of self-assessed tax in FORM GST […]

The post GST: CBIC extends Last date for filing of CMP-08 for Composition Taxpayers to 22nd Oct, 2019 appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/32wHt3h

No GST on ‘ Printed Textbooks ’ supplied to Resellers: AAR [Read Order]

The Authority of Advance Ruling, Karnataka has ruled that, the printed textbooks, classifiable under HSN Code 4901, supplied to resellers are cover under Entry No. 119 of Notification No. 02/2017 – Central Tax (Rate) dated 28.06.2017 and are exempted from the payment of CGST and SGST. The first question related to the supply of printed […]

The post No GST on ‘ Printed Textbooks ’ supplied to Resellers: AAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2VTyK8W

GST: Society for Tax Analysis and Research submits Representation on newly inserted sub-rule (4) of Rule 36 of the CGST Rules 2017 [Read Representation]

The Society for Tax Analysis and Research (STAR) has submitted some of the foreseen issues in the newly introduced Rule 36(4) of Central Goods and Services Tax Rules 2017. The Society for Tax Analysis and Research has submitted following the suggestions before Finance Minister Nirmala Sitharaman: Impact on small suppliers filing GSTR 1 on a […]

The post GST: Society for Tax Analysis and Research submits Representation on newly inserted sub-rule (4) of Rule 36 of the CGST Rules 2017 [Read Representation] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/33TFSFl

Income Tax Department conducts Search on a “Wellness Group” in Chennai

On 16.10.2019, the Income Tax Department conducted search action under the Income-tax Act, 1961 in the case of a conglomerate of trusts and companies that run year-round “wellness courses” and training programmes in philosophy, spirituality, etc at various sprawling residential campuses in Varadaiahpalem in Andhra Pradesh (AP), and also in Chennai and Bengaluru. The group […]

The post Income Tax Department conducts Search on a “Wellness Group” in Chennai appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2Brn5Vo

NACIN Bengaluru to Organise Open House for Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019

The Directorate General of Taxpayer Services, NACIN Bengaluru is organising the open house for Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019. The open house will be on 23rd (Wednesday) & 24th (Thursday) October 2019 on the Sabka Vishwas (Legacy Dispute Resolution) Scheme 2019 at the office of the Principal Commissioner, GST West Commissionerate, BMTC Building […]

The post NACIN Bengaluru to Organise Open House for Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2IXdObI

Prize Money from Horse Race attracts 18% GST: AAR

The Maharashtra Authority of Advance Ruling ( AAR ) has ruled that, receipt of prize money from horse race conducting entities, in the event horse owned by the applicant wins the race, would amount to ‘supply under section 7 of the Central Goods and Service Tax Act, 2017. The horses owned by the applicant Shri […]

The post Prize Money from Horse Race attracts 18% GST: AAR appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2prBeiR

CA Exams November 2019: ICAI announces Change of Venue of some Candidates of Foundation and Final Examinations

The Institute of Chartered Accountants of India ( ICAI ) has announced Change of Venue in respect of some of the Candidates of Foundation and Final Examinations at New Delhi, in respect of November 2019 Exams. In a Press Release issued by ICAI said that, “It is hereby informed that due to unavoidable circumstances, the […]

The post CA Exams November 2019: ICAI announces Change of Venue of some Candidates of Foundation and Final Examinations appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2Bj4QkZ

MCA starts Process of Deactivating the Non-Compliant DINs

The Ministry of Corporate Affairs ( MCA ) has started the process of deactivating the non-compliant DINs. The last date for filing DIR-3 KYC for the Financial year 2018-19 has expired on 14th October 2019. The process of deactivating the non-compliant DINs is in progress and will be completed shortly. The form DIR-3 KYC and […]

The post MCA starts Process of Deactivating the Non-Compliant DINs appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2OWuwfk

GST Evasion: DGGI Visakhapatnam arrests Infra Company MD involved in Rs 450 Cr Fake Invoices Racket

The Officers of the Directorate General of GST Intelligence IDGGII. Visakhapatnam on 16.10.2019 arrest. the 45-year-old Managing Director of a company engaged in infrastructure projects and government contracts. The company received and issued fake invoices without the actual supply of services to the tune of around 2 450 crores. This is one of the biggest […]

The post GST Evasion: DGGI Visakhapatnam arrests Infra Company MD involved in Rs 450 Cr Fake Invoices Racket appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2VO5EYw

CCI approves Kora Master Fund LP investment of up to 10% ($75 million) in Edelweiss Securities Ltd [Read Order]

The Competition Commission of India (CCI) has approved Kora Master Fund LP investment of up to 10% ($75 million) in Edelweiss Securities Limited under sub-section (1) of Section 31 of the Act. The notification relates to a proposed investment by Kora in Edelweiss Securities Limited (ESL) and Edelweiss Global Investment Advisory Business (EGIA) Subsidiaries of […]

The post CCI approves Kora Master Fund LP investment of up to 10% ($75 million) in Edelweiss Securities Ltd [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/33DwgOM

IBPS invites application from Chartered Accountants for the post of Deputy Manager (Accounts)

The Institute of Banking Personnel Selection ( IBPS ) has Invited applications from eligible candidates for selection of personnel to the Deputy Manager (Accounts). Any eligible candidate, who aspires to join IBPS as Deputy Manager (Accounts) is required to register for the online examination. Candidates who appear and are shortlisted in the examination will subsequently […]

The post IBPS invites application from Chartered Accountants for the post of Deputy Manager (Accounts) appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2BeGzfM

No TDS on Cash Withdrawal u/s 194N for Forex Authorised dealers & Full-Fledged Money Changers: CBDT

The Central Board of Direct Taxes ( CBDT ) has notified that, Tax Deduction at Source ( TDS ) under Section 194N of the Income Tax Act, 1961 is not applicable on cash withdrawal for forex authorised dealers and full-fledged money changers licensed by the Reserve Bank of India ( RBI ). The exemption is […]

The post No TDS on Cash Withdrawal u/s 194N for Forex Authorised dealers & Full-Fledged Money Changers: CBDT appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2OPJy6A

RBI imposes Monetary Penalty on Syndicate Bank

The Reserve Bank of India ( RBI ) has imposed, by an order dated October 14, 2019, a monetary penalty of ₹ 75 lakh (Rupees Seventy Five Lakh) on Syndicate Bank (the bank) for non-compliance with the directions issued by RBI on (i) Frauds Classification and Reporting and (ii) Housing Sector: Innovative Housing Loan Products […]

The post RBI imposes Monetary Penalty on Syndicate Bank appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2IU97Q8

RBI imposes Monetary Penalty on The Lakshmi Vilas Bank Ltd

The Reserve Bank of India (RBI) has, by an order dated October 14, 2019, imposed a monetary penalty of ₹ 1 crore on The Lakshmi Vilas Bank Ltd. (the bank) for non-compliance with certain provisions of directions issued by RBI on “Income Recognition and Asset Classification (IRAC) norms”. This penalty has been imposed in exercise […]

The post RBI imposes Monetary Penalty on The Lakshmi Vilas Bank Ltd appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/33w3jE8

J.P.S. Chawla assumes charge as New Controller General of Accounts

Shri J.P.S. Chawla assumed charge as the new Controller General of Accounts, Ministry of Finance, Department of Expenditure, here today. Government of India has appointed Shri J. P. S. Chawla, 1985-batch Indian Civil Accounts Service (ICAS) Officer as the new Controller General of Accounts (CGA), Ministry of Finance, Department of Expenditure with effect from October […]

The post J.P.S. Chawla assumes charge as New Controller General of Accounts appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/33FJSJr

GST Evasion: Rajasthan HC rejects Bail application in ITC Fraud Case [Read Order]

The Rajasthan High Court has rejected bail application in the Input Tax Credit ( ITC ) Fraud Case. The Petitioner has filed the application under Section 439 code of Criminal procedure,1973 seeking regular bail in criminal complaint pending before the court of Chief Metropolitan Magistrate, (Economic Offences) Jaipur Mahanagar, for offences under Section 132(1)(b)(c)(d),(f)(i) and […]

The post GST Evasion: Rajasthan HC rejects Bail application in ITC Fraud Case [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2MOfTbr

ICAI issues clarification on Ind AS Technical Facilitation Group

The Institute of Chartered Accountant of India ( ICAI ) has issued a clarification on Ind AS Technical Facilitation group (ITFG). Ind AS Technical Facilitation Group (ITFG) of Ind AS Implementation Committee has been constituted for providing clarifications on timely basis on various issues related to the applicability and /or implementation of Ind AS under […]

The post ICAI issues clarification on Ind AS Technical Facilitation Group appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2OMPcq6

Setback for Gautam Khaitan: SC set aside a Delhi HC order restraining Income Tax department from taking any action in VVIP Chopper Scam [Read Judgment]

The Supreme Court of India today set aside Delhi High Court order restraining the Income Tax department from taking any action against VVIP chopper scam accused Gautam Khaitan. The Supreme Court’s order came on an appeal filed by the Union of India against the order of the Delhi High Court. The three-Judge bench comprising of Justice Arun […]

The post Setback for Gautam Khaitan: SC set aside a Delhi HC order restraining Income Tax department from taking any action in VVIP Chopper Scam [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/33zeuME

ICAI Invites Suggestions for Pre-Budget Memorandum-2020

The Direct Taxes Committee, GST & Indirect Taxes Committee and Committee on International Taxation of ICAI are in the process of identifying issues for inclusion in the Pre-Budget Memoranda – 2020 to be submitted to the Ministry of Finance or respective State Ministry. Suggestions under the following heads are invited on laws relating to Direct […]

The post ICAI Invites Suggestions for Pre-Budget Memorandum-2020 appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2IRPwzQ

CA Exams November 2019: ICAI announces Zone Shifting of candidates than the Zone opted by them

The Institute of Chartered Accountants of India ( ICAI ) has announced Zone shifting of candidates than the Zone opted by them in coming CA Exams November 2019. Due to paucity of accommodation in certain Zones opted by the candidates in the cities of Ahmedabad, Bengaluru, Bhopal, Chennai, Delhi, Hyderabad, Indore, Mumbai, Pune, Surat, Vadodara, Vasai some […]

The post CA Exams November 2019: ICAI announces Zone Shifting of candidates than the Zone opted by them appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2MGgxHT

CBIC and Customs to launch Scheme to attract Investment and Support Make in India programme

The Central Board of Indirect Taxes and Customs has launched a revamped and streamlined programme to attract investments into India and strengthen Make in India through manufacture and other operations under the bond scheme, under Customs Act, 1962. Section 65 of the Customs Act, 1962 enables the conduct of manufacture and other operations in a customs bonded […]

The post CBIC and Customs to launch Scheme to attract Investment and Support Make in India programme appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2IRdAD8

CA Opening in Amazon as Tax Compliance Manager

The Amazon has invited applications for the post of Tax Compliance Manager from qualified Chartered Accountants. Amazon is seeking a Tax Compliance Manager to join the Taskless Tax team. The Taskless Tax team is comprised of tax professionals, product managers, software engineers, and UX designers. The team is responsible for ensuring withholding tax compliance for […]

The post CA Opening in Amazon as Tax Compliance Manager appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2IQqCRf

GST: CBIC issues Advisory on Online Refund Functionality [Read Advisory]

The Central Board of Indirect Taxes and Customs ( CBIC ) has issued advisory on Review of online refund functionality. The advisory explained various processes and functionality for backend handling of refund claims by CBIC officers in the Refund module in the system. The Advisory directed the proper officer in zone may be sensitized to […]

The post GST: CBIC issues Advisory on Online Refund Functionality [Read Advisory] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2IJZiUT

Dharmendra Pradhan calls for inclusion of Petroleum Products under GST regime

Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan has called for the inclusion of petroleum products under GST regime. Speaking at third India Energy Forum by CERAWeek in New Delhi today, he appealed to the union finance minister to take this up in the GST council and at least make a beginning […]

The post Dharmendra Pradhan calls for inclusion of Petroleum Products under GST regime appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2B8BCVM

CA, CMA, CS and LLB Vacancies in Indian Institute of Corporate Affairs

The Indian Institute of Corporate Affairs (IICA) has invited applications from CA, CS, CMA, MBA, CIMA and LLB graduates for various posts. Interested and eligible candidates are invited to submit applications for various positions in Indian Institute of Corporate Affairs, purely on contractual basis. Available Positions A walk in Interview is being conducted on 16.10.2019 […]

The post CA, CMA, CS and LLB Vacancies in Indian Institute of Corporate Affairs appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2pgJWjM

Borrower of Securities liable to discharge GST under Reverse Charge Mechanism: CBIC [Read Circular]

The Central Board of Indirect Taxes and Customs ( CBIC ) has issued Clarification regarding taxability of supply of securities under Securities Lending Scheme, 1997. Securities and Exchange Board of India (SEBI) has prescribed the Securities Lending Scheme, 1997 for the purpose of facilitating lending and borrowing of securities. Under the Scheme, lender of securities […]

The post Borrower of Securities liable to discharge GST under Reverse Charge Mechanism: CBIC [Read Circular] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2poGeo7

CBIC issues Clarification on Determination of Place of Supply in case of Software/Design Services related to Electronics Semi-conductor and Design Manufacturing [Read Circular]

The Central Board of Indirect Taxes and Customs ( CBIC ) has issued a clarification regarding the determination of place of supply in case of supply of software/design services by a supplier located in the taxable territory to a service recipient located in non-taxable territory by using the sample hardware kits provided by the service […]

The post CBIC issues Clarification on Determination of Place of Supply in case of Software/Design Services related to Electronics Semi-conductor and Design Manufacturing [Read Circular] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2OGpeod

No GST on Maritime Courses conducted by the Maritime Training Institutes of India approved by DG Shipping: CBIC

The Central Board of Indirect Taxes ( CBIC ) said that, Goods and Services Tax ( GST ) exempted for maritime courses conducted by the Maritime Training Institutes of India approved by Directorate General of Shipping. Under GST Law, vide Sl. No. 66 of the notification No. 12/2017- Central Tax (Rate) dated 28.06.2017, services provided […]

The post No GST on Maritime Courses conducted by the Maritime Training Institutes of India approved by DG Shipping: CBIC appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/31gPfNf

Maharashtra Government amends Maharashtra Value Added Tax Rules, 2005 related to Return Filing [Read Circular]

The Maharashtra State Government has amended Maharashtra Value Added Tax Rules, 2005 regarding the filing of returns. The Circular said that, The term “annual” was inserted by this notification, which means the period of twelve months starting on the 1st April and ending on the 31st March of the relevant financial year. The Circular also said that, […]

The post Maharashtra Government amends Maharashtra Value Added Tax Rules, 2005 related to Return Filing [Read Circular] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2IIytAr

Govt forms Panel to Suggest Measures for better GST Collections

The Central Government has formed a panel to suggest measures for better Goods and Services Tax ( GST ) Collections. A high-level panel will hold its first meeting on Tuesday, a senior official reportedly said. The government last week constituted the panel of officers to suggest steps to expand the tax base and check evasion […]

The post Govt forms Panel to Suggest Measures for better GST Collections appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2VLVDeA

Relief to Deepak Kochhar: Supreme Court dismisses Income Tax Department’s plea from Reassessing NuPower Renewables [Read Order]

The two-Judge Bench of the Supreme Court of India has dismissed the Income Tax Department’s plea from reassessing Deepak Kochhar and NuPower Renewables. The income tax department sought to reopen the accounts of NuPower last year to examine the genuineness of investments of about Rs 50 crore by Firstland Holdings in 2011. NuPower is being […]

The post Relief to Deepak Kochhar: Supreme Court dismisses Income Tax Department’s plea from Reassessing NuPower Renewables [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2INKDb4

CA (Inter) Vacancy in Indian Institute of Petroleum and Energy

The Indian Institute of Petroleum and Energy (IIPE) has invited application for the post of Accountant from CA (Inter) qualified candidates. Indian Institute of Petroleum and Energy (IIPE), is an Institute of National Importance at par with all other IITs and IIMs and enacted by Parliament vide the Indian Institute of Petroleum & Energy Act, […]

The post CA (Inter) Vacancy in Indian Institute of Petroleum and Energy appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2MeJg7H

Live GST Practice Class with MCQ by CA satbir singh on Unacademy

Income Tax Department conducts Searches on Business Group in Goa

The Income Tax Department carried out a search operation on 10th October 2019 covering six premises of two groups involved in the sale-purchase of hotel resort at Goa. One of the groups covered currently owns a large property at Goa on which a 5-star resort project is being built. The group is engaged primarily in […]

The post Income Tax Department conducts Searches on Business Group in Goa appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2peKR4k

Value of Software and Concerned Services are to form a Part of the Imported Machine: Supreme Court

The Supreme Court of India in the case of Indusind Media and Communications Ltd v. Commissioner of Customs held the value of software and the concerned services are to be taken as a part of the importation. The appellant imported Multiplexor Satellite Receivers, test and measurement equipment at Delhi and on a subsequent receipt of […]

The post Value of Software and Concerned Services are to form a Part of the Imported Machine: Supreme Court appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/35v8VQX

Income Tax Department conducts Searches on Coaching Institutes in Namakkal

The Income Tax Department, conducted a search action on 11th October, 2019 in the case of a business group based in Namakkal, Tamil Nadu. The group is mainly into the running of educational institutions, and coaching institutes for competitive exams like NEET, etc. The group comprises several partnership firms and a trust controlled by a […]

The post Income Tax Department conducts Searches on Coaching Institutes in Namakkal appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/3176ssJ

CA / CS / ICWA Vacancy in Oracle

The Oracle India Pvt. Ltd. Has invited applications for the post of Functional Consultant. The primary regional functional and technical expertise concerning the general ledger. A resource for country controllers concerning technical and/or process issues that are related to the general ledger. Provides liaison between the country controllers and App IT for technical issues, setups, […]

The post CA / CS / ICWA Vacancy in Oracle appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/35qxK0o

CBIC clarifies GST on License Fee charged by States for Grant of Liquor Licences to Vendors [Read Circular]

The Central Board of Indirect Taxes and Customs ( CBIC ) has issued a clarification regarding Goods and Services Tax ( GST ) on license fee charged by States for grant of liquor licenses to vendors. Services proved by the Government to business entities including by way of grant of privileges, licences, mining rights, natural […]

The post CBIC clarifies GST on License Fee charged by States for Grant of Liquor Licences to Vendors [Read Circular] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/318YwHl

No GST on Service of Display of Name or Placing of Name Plates of the Donor in Premises of Charitable Organisations Receiving Donation or Gifts: CBIC

The Central Board of Indirect Taxes and Customs ( CBIC ) has clarified that, Goods and Services Tax ( GST ) is not applicable on the service of display of name or placing of name plates of the donor in the premises of charitable organisations receiving donation or gifts from individual donors. In a Circular […]

The post No GST on Service of Display of Name or Placing of Name Plates of the Donor in Premises of Charitable Organisations Receiving Donation or Gifts: CBIC appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/32jXlGB

Airport Operators shall pay GST on the Passenger Service Fee and User Development Fee: CBIC issues Clarification on issue of GST on Airport levies [Read Circular]

The Central Board of Indirect Taxes and Customs ( CBIC ) has issued a clarification on GST on airport levies and to clarify that airport levies do not form part of the value of services provided by the airlines and consequently, no GST should be charged by airlines on airport levies. Section 2(31) of the […]

The post Airport Operators shall pay GST on the Passenger Service Fee and User Development Fee: CBIC issues Clarification on issue of GST on Airport levies [Read Circular] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2OMDETT

Income Tax Department conducts Searches in Karnataka

The Income Tax Department conducted a search on 9th October 2019 on a prominent business group in Karnataka which runs multiple educational institutions. During the course of the search, the modus operandi of conversion of seats which were originally to be allotted by merit through counselling by MCC maliciously into institutional quota seats through dropout […]

The post Income Tax Department conducts Searches in Karnataka appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2B1rVIZ

CBDT releases of Direct Tax Collection Statistics [Read Full Text]

The Central Board of Direct Taxes ( CBDT ) has been releasing key statistics relating to direct tax collections and administration in public domain from time to time. In continuation of its efforts to place more and more information in public domain, the Central Board of Direct Taxes has further released Time-series data updated up […]

The post CBDT releases of Direct Tax Collection Statistics [Read Full Text] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2M7ebT6

CBIC issues Clarification on Scope of Support Services to Exploration, Mining or Drilling of Petroleum Crude or Natural Gas [Read Circular]

The Central Board of Indirect Taxes and Customs ( CBIC ) has issued Clarification on Scope of Support Services to Exploration, Mining or Drilling of Petroleum Crude or Natural Gas or both. The Department has examined the activities associated with exploration, mining or drilling of petroleum crude or natural gas fall under heading 9986. A […]

The post CBIC issues Clarification on Scope of Support Services to Exploration, Mining or Drilling of Petroleum Crude or Natural Gas [Read Circular] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/32bKoyu

18% GST rate applicable on Almond Milk: CBIC issues Clarification on GST Rates and Classification (Goods) [Read Circular]

The Central Board of Indirect Taxes and Customs ( CBIC ) has issued a clarification on GST Rates and Classification (goods). The CBIC has received Representations sought on clarification in respect of applicable GST rates on the following items: Classification of leguminous vegetables such as grams when subjected to mild heat treatment Almond Milk Applicable […]

The post 18% GST rate applicable on Almond Milk: CBIC issues Clarification on GST Rates and Classification (Goods) [Read Circular] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/314DmKx

Govt. enables Feature of Making Payment on Voluntary Basis in Form GST DRC-03 on GST Portal

The Central Government has enabled the feature of making the payment on a Voluntary basis in Form GST DRC-03 on GST Portal. Making Voluntary Payment on GST Portal: A facility is given to taxpayers to make payment on voluntary basis, through Form GST DRC-03 (refer Rule 142(2) or 142(3) of the CGST Rules, 2017). Login into GST Portal […]

The post Govt. enables Feature of Making Payment on Voluntary Basis in Form GST DRC-03 on GST Portal appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2VwZbBf

Gujarat HC quashes Order of Detention of Goods citing the Ground that it is a Non-Speaking Order [Read Judgment]

The Gujarat High Court has quashed an order of detention of goods citing the Ground that it is a Non-Speaking Order. The petitioner has challenged the notice dated 16.5.2019 issued in Form GST MOV-10 as well as the detention/confiscation order dated 16.5.2019/28.5.2019 issued by the Department in Form GST MOV-11 and seeks a direction to […]

The post Gujarat HC quashes Order of Detention of Goods citing the Ground that it is a Non-Speaking Order [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2nHjQpO

Govt. releases E-Invoice System Concept Note, Standard, Schema and Template

The GST Council has approved the introduction of ‘ E-invoice ’ or ‘electronic invoicing’ in a phased manner for reporting of business to business (B2B) invoices to GST System, starting from 1st January 2020 on a voluntary basis. Since there was no standard for e-invoice existing in the country, the standard for the same has […]

The post Govt. releases E-Invoice System Concept Note, Standard, Schema and Template appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/33qpOKV

CBIC notifies CGST 6th Amendment Rules, 2019 [Read Notification]

The Central Board of Indirect Taxes and Customs ( CBIC ) has notified Central Goods and Services Tax (Sixth Amendment) Rules, 2019. On October 9, 2019, vide Notification No. 49/2019-Central Tax, the amendment rules have provided that total unmatched credit cannot exceed 20% of ITC available in GSTR 2A, prescribed Form GST DRC-01A for intimation […]

The post CBIC notifies CGST 6th Amendment Rules, 2019 [Read Notification] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/323Q8KA

CA/ ICWA/CS Inter/ Final Openings in EY

The Ernst & Young ( EY ) has invited applications for the job post of Transfer Pricing – Assistant Manager from the CA/ ICWA/CS Inter/ Final candidates. Practice management: Responsible for day-to-day operations of the sub-service line or team/group within the Tax Service line Deliver work by consistently applying designated methodology, processes, standards and technology […]

The post CA/ ICWA/CS Inter/ Final Openings in EY appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2ODysRS

CBIC waives off Late fees for Filing GSTR-1, GSTR-7 & GSTR-3B for Registered Persons in Jammu & Kashmir [Read Notification]

The Central Board of Indirect Taxes and Customs ( CBIC ) has waived off late fees for filing of GSTR-1, GSTR-7 and GSTR-3B for the registered persons in Jammu and Kashmir. The Notification issued by the CBIC said that, the registered persons whose principal place of business is in the State of Jammu and Kashmir, […]

The post CBIC waives off Late fees for Filing GSTR-1, GSTR-7 & GSTR-3B for Registered Persons in Jammu & Kashmir [Read Notification] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/33n4LsI

CBIC Notifies due dates for Furnishing of Return in FORM GSTR-3B for the months of October, 2019 to March, 2020 [Read Notification]

The Central Board of Indirect Taxes and Customs ( CBIC ) has notified due date for furnishing of Return in Form GSTR-3B for the months of October, 2019 to March, 2020. The Notification issued by the CBIC said that, “the return in FORM GSTR-3B of the said rules for each of the months from October, […]

The post CBIC Notifies due dates for Furnishing of Return in FORM GSTR-3B for the months of October, 2019 to March, 2020 [Read Notification] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2Vtlnfs

CBIC notifies due date for Form GSTR-1 for the months of October 2019 to March, 2020 [Read Notification]

The Central Board of Indirect Taxes and Customs ( CBIC ) has notified due date for Form GSTR-1 for the months of October 2019 to March, 2020. In the notification issued by CBIC said that, “the time limit for furnishing the details of outward supplies in FORM GSTR-1 of the Central Goods and Services Tax […]

The post CBIC notifies due date for Form GSTR-1 for the months of October 2019 to March, 2020 [Read Notification] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2IH4etI

CBIC notifies GSTR-9 Optional for certain Registered Persons for Financial Years 2017-18 & 2018-19 [Read Notification]

The Central Board of Indirect Taxes and Customs ( CBIC ) has notified Annual Return ( GSTR – 9 ) made optional for certain registered persons for Financial Years 2017-18 and 2018 – 2019. The registered persons whose aggregate turnover in a financial year does not exceed Rs. 2 crores shall have the option to […]

The post CBIC notifies GSTR-9 Optional for certain Registered Persons for Financial Years 2017-18 & 2018-19 [Read Notification] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2Own2Q5

GST not applicable on Duty-Free Shops for Sales to Outgoing Passengers: Bombay HC [Read Judgment]

The Bombay High Court has ruled that, Goods and Services Tax (GST) is not applicable on the Duty-Free Shop (DFS) at Mumbai International Airport for goods sold to outgoing passengers. The Petitioners has sought a declaration that the consideration being paid by it to Mumbai International Airport Ltd (MIAL) under a concession agreement dated 17th […]

The post GST not applicable on Duty-Free Shops for Sales to Outgoing Passengers: Bombay HC [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/35olWvK

ICAI CA Intermediate, Final Certification to be at par with UG, PG degrees in UK and UAE

The Institute of Chartered Accountants of India ( ICAI ) has always strived for academic and professional excellence for its key stakeholders i.e. Students and Members. With the aim of expanding the opportunities for Professionals in foreign jurisdictions, the Institute had engaged UK NARIC (The National Recognition Information Centre for the United Kingdom) a renowned […]

The post ICAI CA Intermediate, Final Certification to be at par with UG, PG degrees in UK and UAE appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2ICkgoE

ICAI organising National Summit on “Transparency and Accountability in Government Financial Management”

The Institute of Chartered Accountants of India ( ICAI ) through its Committee on Public Finance and Accounting Standards for Local Bodies is organizing two days National Summit on “Transparency and Accountability in Government Financial Management” on 11th-12th October 2019. The Program will be held on The Leela Ambience Convention Hotel, New Delhi The Hon’ble […]

The post ICAI organising National Summit on “Transparency and Accountability in Government Financial Management” appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2IDshcW

GSTR 1 Dates Notified for Oct 2019 to March 2020

GSTR 1 Dates Notified for Oct 2019 to March 2020

Breaking News : GST Annual Retun Made Optional : notification

Desktop Computer consisting of CPU, Monitor and Other Units are a Single Supply leviable to 9% GST: AAR [Read Order]

The Tamil Nadu Authority for Advance Rulings in an application filed by HP India Sales Pvt Ltd held Desktop Computer known as Central processing unit along with its connected peripheral units is a single supply leviable to 9% GST. The applicant is a subsidiary of HP Inc headquartered in California, USA and is engaged in […]

The post Desktop Computer consisting of CPU, Monitor and Other Units are a Single Supply leviable to 9% GST: AAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/33fKa9x

Rental Agreement to be uploaded for Separately Registering Multi Companies providing Services in a Co-Working Space: AAR [Read Order]

The Kerala Authority for Advance Ruling in an application filed by M/s Spacelance office Solutions Pvt ltd held that separate GST registration can be allowed to multiple companies functioning in a “co-working space” and which provide services alone. However, such companies shall upload the rental agreement with the landlord or lessee. If there is any […]

The post Rental Agreement to be uploaded for Separately Registering Multi Companies providing Services in a Co-Working Space: AAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2Ms5iTd

No Exemption to Supply of Frozen Seafood by Brand Name Holder in packages without Brand Name to Institutional Customers: AAR [Read Order]

The Kerala Authority for Advance Ruling in an application filed by M/s Abad Fisheries Pvt Ltd held that supply of frozen seafood in packages without a brand name to institutional customers who enter into an agreement with the supplier considering the quality offered by the brand, shall not be covered under the exemption notification. The […]

The post No Exemption to Supply of Frozen Seafood by Brand Name Holder in packages without Brand Name to Institutional Customers: AAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2M0U1do