Monthly Archives: January 2020

Other electronic modes specified by CBDT

CBDT vide Notification No. 8/2020 dated 29.01.2020 has inserted Rule 6ABBA of IT Rules w.r.e.f 1st Sept 19 prescribing following “Other Electronic Modes” of payments/receipts for the purposes of Section 13A, 35AD, 40A(3) & (3A), 43, 43CA, 44AD, 50C, 56(2)(x), … Continue reading

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No Levy or collection of GST on Ocean Freight

Recently hon’ble Gujarat High Court in the landmark judgment in case of [2020] 113 taxmann.com 436 (Gujarat) M/s. Mohit Mineral Pvt. Ltd. v. UOI has held that no GST shall be leviable under Integrated Goods and Services Tax Act, 2017, on … Continue reading

Posted in GST |