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The DGGI Officers received a notice from Gujarat High Court for allegedly forcing and threatening to transfer a total of INR 2.68 Crore through the mean of DRC-03. This is yet another case in the list where some serious allegations of harassment, coercion, intimidation, etc. have been made against the respondent authorities. In this matter, […]
The Confederation of All India Traders (CAIT) has called a Bharat bandh in India for 26th February 2021 in view of rising fuel prices across the country. Around 40,000 trade associations will be part of this Bharat bandh as per the sources. The bharat bandh of 26th february will also be targetting at the new […]
The Union Budget 2021 proposed some amendments to the GST Act, and the effect started to reflect as the rules will become more stringent to allow input tax credit. Santosh Kumar Gupta, tax expert, in a seminar organized on the amendment of GST law of Tax Bar Association on Thursday said that “the tax payable […]
After record collection in December, it is expected that the Goods and Services Tax (GST) revenues will cross INR 1.20 lakh crore in January 2021. It indicates that the efforts of the government are now paying off. According to Soumya Kanti Ghosh, Group Chief Economic Adviser of State Bank of India, GST collections will be […]
Due to the Covid-19 pandemic, online classes and work from home protocols become the new normal. Due to these changes, a spike has been reported in demand for digital infrastructure across each and every sector of the country. Mr. Nitin Potdar, a Corporate Partner at J. Sagar Associates, and leading the education practice of the […]
It is expected that the forthcoming budget i.e. Budget 2021 may unveil a unique and continuous framework for the speedy resolution of all the disputes concerned to direct taxes. As per online sources, a person familiar with pre-budget discussions revealed that The government is thinking on all the available options which include arbitration or a […]
A company that is not listed on the stock market is known as an unlisted company. Unlisted Companies in India are required to comply with annual filing under the Companies Act, 2013. We are providing the Anual Compliance calendar for Unlisted Companies for the Financial Year (FY) 2021-22. The table below is having Compliance, Section […]
In a case of resistance of the authority of the Center on GST matters, the Maharashtra government has decided that the state will have the final say in the applicability of the circulars defining the rules on indirect tax issues. A circular dated January 12 issued by the Maharashtra Goods and Service Tax Department (MGSTD) […]
The Gujarat Authority for Advance Rulings (GAAR) has stated that an employee who is leaving a company without completing their notice period will have to pay 18% Goods and Services Tax (GST) on the recovery of salary. This decision comes into a case related to the Ahmedabad-based export company “Amneal Pharmaceuticals” which took an advance […]