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The Kerala High Court cleared that the Authority for Advance Rulings (AAR) can set the place of supply under the GST regime. The AARs were not taking this decision up to now saying that it was beyond their jurisdiction but now after the decision taken by KHC, the AARs are given full authority over it. […]
NAA which stands for the National Anti-Profiteering Authority has recently directed DGAP to investigate profiteering allegations on the supply of construction services under Pradhan Mantri Aawas Yojna (PMAY). The first applicant had filed a petition before the Standing Committee on Anti-profiteering stating that “the Respondent had resorted to profiteering in respect of the supply of […]
An order named Companies ( Auditor’s Report ) Order, 2020 has been released by the Ministry of Corporate Affairs (MCA). The recently released Companies (Auditor’s Report) Order 2020 will be applicable to all the companies along with foreign companies and it will come to action when it will be published in the Official Gazette of […]
An income tax return can be filed online through the government website portal or by any authorized software. In this post, taxpayers can get all the information to file an online income tax return via the Gen I-T software. Income Tax Laws are the list of provisions set by the government in order to maintain […]
Section 286 and 271GB of IT Act Under section 286 of the Income Tax Act, there are certain entities that are obliged to file a report in regard to the international group. Any failure in furnishing the reports with valid information and on time will lead to penalties. The penalties are mentioned under section 271GB […]
The Income Tax Department is sending notices to the Directors of the private limited companies owing to the company’s tax dues. As far as tax issues are concerned, the director is now the face of the company for the tax department. Such notices are sent to the Directors based on the law u/s 179 of […]
In the current hearing of M/s Neva Plantation Private Ltd. vs. ACST-cum-Proper Officer North Enforcement Zone, Palampur, the Himachal Appellate Authority commanded penalty for the taxpayer in accusation for not covering all the documents (i.e. not generated E-way bills) while transporting the goods. The appellant is a private firm registered under the name M/s Neva […]
What is Corporate Tax? Corporate tax is a direct tax applicable to all the companies registered under the Companies Act of India and they are required to pay the corporate tax as per the rate decided by the Ministry of Corporate Affairs. The Corporate Tax rate cut was one of the sensational happenings of 2019. […]
The industries were on the verge to broke as they were sincerely pleading for the reduction in the tax amount of direct taxes at par with the indirect tax rate cut from the previous budget. The union finance minister Sitharaman met the industry representatives in order to convince them to deposit their due taxes on […]
