Monthly Archives: May 2020

Carry Forward of ITC in TRAN-1 by 30th June, 2020

In the case of Brand Equity Treaties Limited vs. Union of India (Delhi High Court), the Hon’ble court has allowed carry forward of ITC in TRAN-1 up to 30.06.2020. However, the retrospective amendment in Section 140 of CGST Act (and … Continue reading

Posted in GST |

GST Provisions on Online Information and Database Access or Retrieval (OIDAR) Services

Online information and database access or retrieval services” (OIDAR service) means “services whose delivery is mediated by information technology over the internet or an electronic network and the nature of which renders their supply essentially automated and involving minimal human … Continue reading

Posted in GST |

Key Highlights of 5th Tranche of Stimulus Package by Finance Minister on 17th May, 2020

Key Highlights of 5th tranche of Economic Stimulus announced by Hon’ble Finance Minister of India Smt. Nirmala Sitharaman on 17.05.2020. For details, please refer the note: Key Highlights of 5th Tranche of Stimulus Package by FM dated 17th May, 2020 DISCLAIMER: … Continue reading

Posted in Direct Tax, Finance Budget |

Key Highlights of 4th Tranche of Stimulus Package by Finance Minister on 16th May, 2020

Key Highlights of 4th tranche of Economic Stimulus announced by Hon’ble Finance Minister of India Smt. Nirmala Sitharaman on 16.05.2020. For details, please refer the note:Key highlights of 4th Tranche of Stimulus Package by FM date 16 May 2020 DISCLAIMER: … Continue reading

Posted in Direct Tax, Finance Budget |

Key Highlights of 3rd Tranche of Stimulus Package by Finance Minister on 15th May, 2020

Key Highlights of 3rd tranche of Economic Stimulus announced by Hon’ble Finance Minister of India Smt. Nirmala Sitharaman on 15.05.2020. For details, please refer the note:Key highlights of 3rd Tranche of Stimulus Package by FM dt.15 May 2020 DISCLAIMER: The … Continue reading

Posted in Direct Tax, Finance Budget |