All News

03 Jun 20
CGST Collection Dropped 87% in April 2020 Due to COVID-19
Service Tax can’t levied If No Services are provided to Distributors and No Payment is made: CESTAT
Activities performed in ‘Virtual Classrooms’ also comes under the Definition of ‘Education’: ITAT grants relief to NIIT Foundation
Central Govt. notifies Rules to amend Chartered Accountants Procedure of Meetings of Quality Review Board
02 Jun 20
DGOV Circular can’t override the Provisions of Valuation Rules: CESTAT
Delhi High Court issues Video-Conferencing Rules to streamline and consolidate process and its usage in Courts
GST Council to discuss waiver of late fee for August 2017 to January 2020
Capital Gain Deduction can’t be disallowed due to Non-Investment in Capital Gains Deposit Scheme: ITAT
Four-hours Mandatory CPE on Standards on Auditing & Code of Ethics can be done Online: ICAI
01 Jun 20
Meeting of BRICS Heads of Tax Authorities held through Video Conferencing.
CBIC reviews Measures to Facilitate Trade during Lockdown.
Capital Gain Deduction can’t be disallowed due to Non-Investment in Capital Gains Deposit Scheme: ITAT
Large companies fear losing out on GST credit if vendors, suppliers go bankrupt due to Covid crisis.
31 May 20
40th meeting of GST Council can be held on 14 June, do you have to give disaster cess?
GST Council Meeting Likely to be Held on June 14 Via Video Conferencing
CBDT amends Return Forms and manner of Furnishing Return of Income for AY-2020-21
30 May 20
GST Council likely to meet on June 2nd week: COVID-19 Impact and Tax Measures in Agenda
Maharashtra Govt. issues clarification on GST Appeals in regard to Non-Constitution of Appellate Tribunal
29 May 20
CBIC enables Facility for Registration of Insolvency Resolution Professionals on GST Portal
18% GST applicable on Works Contract for NCBS: AAR
12% GST applicable to Kraft Paper, Honeycomb Board or Paper Honeycomb Board: AAR
Excess ITC has to be Refunded back to Dealer, can’t be carried Forward for Adjustment of Future Tax Liability: Madras HC
28 May 20
Collector of Stamps erred in not Adverting to Sale Value approved by Charity Commissioner in case of Trust’s Sale Deed: Bombay HC
Consumer Companies Requested to Reduce GST Rates to Boost Demand
MCA amends Schedule VII of Companies Act, 2013 by inserting ‘PM CARES’ as CSR
RTA Registration Fee collected from Vehicle Buyers Taxable only If Dealer does not discharge Statutory Liabilities: ITAT
27 May 20
Consumer companies seek GST cut to help push sales
Voluntary Transfer Pricing adjustment eligible for Income Tax Deduction u/s 10AA: ITAT grants Relief to EY
Accidental Recovery of Narcotic Drug by Income Tax Officers would not constitute “Seizure” under NDPS Act: Bombay HC grants relief to Top Birla Executive
Fraudulent Trading in Mindvision Capital Shares: SAT affirms Penalty imposed by SEBI
26 May 20
Sources Declined Rumors About FM’s Plan to Impose COVID Cess on GST
Bombay HC permits NAA to visit premises of Company to Obtain Records amid COVID-19 Lockdown
Income from Maintenance Services Taxable as ‘Other Income’ can’t be included in Rental Income: ITAT
Assam Excise Officials have Power to Search and Seize consignments were exported from a State and imported to another: Gauhati HC
25 May 20
Ministry Of Finance Rubbishes Reports Claiming The Probable Imposition Of Calamity Cess Over GST
ICAI issues Guidance Note on Subsequent Events-Key Audit Considerations amid COVID-19
Tamil Nadu extends various GST Returns Due Dates
24 May 20
Calamity cess on GST: plan on Govt table to tide over Covid crisis
RBI extends Loan Moratorium by 3 Months from June 1
23 May 20
Disallowance under section 40A(3) – Whether Automatic?
Satisfaction Note by AO that Documents belong to Other Person is enough to proceed against such Person u/s 153C: SC
CBIC Made Some Amendments in Standard Operating Procedure for IGST Verification
22 May 20
OVID-19: Jharkhand Govt hikes VAT on Liquor by 25%
CBDT notifies Income Tax (9th Amendment) Rules, 2020: Safe Harbour Rules Extended
Appeal filed by Non-Resident Company shall be Signed and Verified by PoA Holder Authorized to Verify Return: ITAT
Government May Come Up with a GST Loan to Benefit MSMEs
MCA extends Period for Filing of Names for Companies and Re-Submission of Forms
21 May 20
ESIC extends Time Limit for Filing Return of PF Contribution for the period October 2019 to March 2020 [Read Circular]
COVID-19: Punjab Govt extends Deadline for Outstanding House Tax, Property Tax
CBDT exempts B2B Businesses from Mandatory Digital Payment Facility
High GST Rate Applicable for Licensed Software’s DVDs & CDs: AAR
Central Govt. releases ?15,340 cr GST Compensation to States