Monthly Archives: April 2020

Taxability of E-commerce Transactions

Posted on April 6, 2020

With the expansion of information and communication technology, the supply and procurement of digital goods and services have undergone exponential expansion everywhere, including India. Today is the Era of E-commerce which is significantly growing faster than the global economy as … Continue reading →

Posted in Direct Tax, Taxation |

CBDT Grants Covid-19 Relief to Lower/Nil Deduction Certificates

Posted on April 6, 2020

CBDT grants Covid-19 relief to lower/nil deduction certificates, extends validity till June 30. For details, please refer attached note. CBDT Order on TDS or TCS

Posted in Regulatory |

Artificial Intelligence

Posted on April 6, 2020

Artificial Intelligence: How technology transforming the audit Technology is changing the way business is conducted and data is analyzed. Since the environment is constantly changing, the principles and methods of audit needs to be changed, so as to produce efficient … Continue reading →

Posted in Audit & Assurance |

CBIC Clarified certain issues related to refund under GST vide Circular No. 135/05/2020 dated 31st March 2020

Posted on April 4, 2020

Various clarifications have been issued for refund related matters in different span of time under GST, a master circular (C.No.125/44/2019-GST dated 18.11.2019) was also issued subsuming most of the earlier refund related issues. Again CBIC, by way of circular  No. … Continue reading →

Posted in GST |

Key Highlights of Reserve Bank of India Press Release(s) dated 27th March 2020

Posted on April 3, 2020

RBI vide Press release dated 27th March 2020 set out Statement on developmental and regulatory policies addressing stress in financial conditions, aimed at expanding liquidity in the system, reinforcing monetary transmission, easing financial stress and improving the functioning of markets … Continue reading →

Posted in Finance Budget |