CBDT increases tax free gratuity limit from Rs.10 lakh to Rs.20 lakh
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MCA21 system will be unavailable from Saturday, 9th March 2019 8 am to 6 pm due to maintenance activity – MCA
MCA 21 will not be available on Saturday for maintenance purposes...
Quoting of Permanent Account Number in Returns, Certificates and Correspondence with any Income Tax Authority
After demonetisation, there is a fear in everyone’s mind whether to submit their PAN to certain department or not or whether this transaction requires submission...
Corrigendum to Circular No. 76/50/2018-GST dated 31st December, 2018 issued vide F.No. CBEC- 20/16/04/2018-GST- Reg.
Corrigendum to Circular No. 76/50/2018-GST F.No. 20/16/04/2018 -GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST...
New GST Returns proposed by CBIC
The Central Board of Indirect Taxes and Customs (CBIC) has proposed three new GST return forms in its initiative of Ease of Doing Business. The...
Circular No. 92/2019 – Circular clarifying various doubts related to treatment of sales promotion scheme under GST
Circular No. 92/11/2019-GST F. No. 20/16/04/2018-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing...
Notification No. 02/2019-Central Tax (Rate) – To give composition scheme for supplier of services with a tax rate of 6% having annual turn over in preceding year upto Rs 50 lakhs.
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of Revenue) Notification...
Notification no. 14/2019-Central Tax – Seeks to supersede notification No. 08/2017 – Central Tax dated 27.06.2017 in order to extend the limit of threshold of aggregate turnover for availing Composition Scheme u/s 10 of the CGST Act, 2017 to Rs. 1.5 crores.
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central...
Notification no. 13/2019-Central Tax, prescribe the due dates for furnishing of FORM GSTR-3B for the months of April, May and June, 2019.
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central...
Notification No. 12/2019-Central Tax-prescribe the due dates for furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover of more than Rs. 1.5 crores for the months of April, May and June, 2019.
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central...
Notification No. 11/2019-Central Tax – Seeks to prescribe the due dates for furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover upto Rs. 1.5 crores for the months of April, May and June, 2019.
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central...
Notification No. 10/2019 – Central Tax – Persons exempted from obtaining GST registration
[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of Revenue) Notification...
Implementation of various decisions taken by the GST Council for the MSME Sector; Issue of Notifications there of
The GST Council in its 32nd Meeting held on 10th January, 2019, inter-alia, had taken the following decisions to be effective from 1st April, 2019 (01.04.2019): · Higher Exemption Threshold Limit...
Merely because assessee company had filed all primary evidence, it could not be said that onus on assessee company to establish the credit worthiness of investor companies stood discharge. Assessing Officer was justified in passing assessment order making additions under section 68 for share capital/share premium received by assessee company – SC
Held: The Court/Authorities below did not even advert to the field enquiry conducted by the AO which revealed that in several cases the investor companies...
MCA Update regarding enhancement of Authorized capital in SPICe form and procedure of shifting of registered office
In the recent notification by the Ministry of Corporate Affairs dated 06-03-2019, there are 2 updates in the Companies (Incorporation) rules, the detail of which...
Exemption to Start up companies from Angel Tax
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 5th March 2019 S.O. 1131(E).—In exercise of the powers conferred...
Analysis of the definition of “Basic Wage” and its exclusions and inclusions by the Supreme Court in its latest judgement – SC
“Basic Wage, would not ispo facto take within its ambit the salary breakup structure to hold it liable for provident fund deductions when it was...
Recommendations of the 33rd GST Council Meeting
Recommendations of the 33rd GST Council meeting Posted On: 24 FEB 2019 5:51PM by PIB Delhi Real estate sector is one of the largest contributors...
The Finance Act 2019
The President of India Shri Ram Nath Kovind, on 21st February 2019 assented the Finance Act, 2019, thus giving effects to the amendments proposed in...
E Form INC 22A – MCA notifies the Companies to file Form ACTIVE by 25th April 2019
The Ministry of Corporate Affairs (MCA) on 21st February 2019 has issued the notifications in which the MCA has notified that the Companies incorporated on...