Category Archives: GST

Some Due Dates Not Extended & Some Relaxation Not Granted vide Press Release dated 24.03.2020

Some due dates that do not appear to be extended and some relaxations that do not appear to have been granted by Ministry of Finance vide Press Release Dated 24-03-2020 have been summarized in the attached pdf. Points Not covered … Continue reading

Posted in Direct Tax, GST, Regulatory |

Key Highlights on Tax and Regulatory Matters proposed by Hon’ble Finance Minister of India Smt. Nirmala Sitharaman on 24th March 2020.

Key highlights of the announcements pertaining to relief in certain tax and regulatory compliances proposed by Hon’ble FM Finance Minister of India Smt. Nirmala Sitharaman vide her address to nation dated 24th March, 2020 are summarised in the attached pdf. … Continue reading

Posted in Direct Tax, GST, Regulatory |

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, … Continue reading

Posted in GST |

GIST OF NOTIFICATIONS ISSUED ON 30th SEPTEMBER, 2019

CBIC has issued various rate notifications, to give legal effect to the decisions taken in the 37th GST council meet conducted on 20th September, 2019. Below mentioned is the gist of the rate notifications issued on 30th September, 2019 which … Continue reading

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Clarifications in respect of option exercised under section 115BAA of the Income- tax Act, 1961 inserted through The Taxation Laws (Amendment) Ordinance, 2019- reg.

The Taxation Laws (Amendment) Ordinance, 2019 (the Ordinance) has been promulgated by the President of India on September 20, 2019. The Ordinance, infer alia, inserted a new section 115BAA in the Income-tax Act, 1961 (the Act) with effect from April … Continue reading

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