Income Tax Dept withdraws 969 Appeals from High Courts, ITAT in Andhra Pradesh and Telangana

The Income Tax Department of Andhra Pradesh and Telangana has withdrawn 969 appeals from Telangana, Andhra Pradesh High Courts and Income Tax Appellate Tribunals (ITAT).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 […]

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Artificial Body Parts / Devices implanted by Surgical Procedure exempt from GST: AAR [Read Order]

The Kerala bench of the Authority of Advance Ruling ( AAR ) in an application filed by M/s Baby Memorial Hospital Ltd held that artificial body parts / devices implanted in the body by means of a surgical procedure shall be classified as a composite supply which shall be exempt since the principal supply is […]

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Live Practice Session on GST -12 by CA Satbir Singh in Hindi

Karnataka GST Dept. issues Circular on New Returns: Offline Tool and Online Version of Form GST ANX-1 and Form GST ANX-2 available for User Acceptance Testing [Read Circular]

In a recent circular No. 27/2019-2020 dated 31.10.2019 by the Government of Karnataka on the subject – ‘User Acceptance Testing of New GST Returns Offline Tool and online version of Form GST ANX-1 and Form GST ANX-2’, the Department discusses the salient features of new returns format. The Circular states that the new return format […]

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MCA cautions Defaulters of Non-Filing of Financial Statement or Annual Return for Continuous period of Three Financial Year

The Ministry of Corporate Affairs ( MCA ) has cautioned defaulters of non-filing of financial statement or annual return for a continuous period of three years. The MCA said that, the Registrars of Companies (ROCs) are in process of identification and flagging of directors disqualified under section 164(2)(a) of Companies Act, 2013 for their default […]

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Rs 95,380 cr Gross GST Revenue collected in October

The gross GST revenue collected in the month of October, 2019 is ₹ 95,380 crore of which CGST is ₹ 17,582 crore, SGST is ₹ 23,674 crore, IGST is ₹ 46,517 crore (including ₹ 21,446 crores collected on imports) and Cess is ₹ 7,607 crore (including ₹ 774 crores collected on imports). The total number of GSTR 3B Returns filed for the month of September up to 31st October, 2019 is 73.83 lakh. The government […]

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CA Students can give Feedback on Question Papers of CA Examinations – November 2019, says ICAI

The Institute of Chartered Accountant of India ( ICAI ) has said that, CA Students can give feedback on the questions papers of CA Examinations – November 2019. The ICAI also said that, candidates can bring to the notice of the Examination Department, their observations, if any, on the question papers relating to CA Examinations […]

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