The IRP/RP/Liquidator in his role as designated CEO shall again file e-form INC-28 upon the approval of the resolution plan, initiation of liquidation proceedings or upon withdrawal of the application for CIRp based.
This knowledge alert is a weekly compilation of key amendments / notifications alongwith its implications.
To curb cases of wrongful claims of input tax credit, rule 86A has been inserted to CGST Rules, 2017 which empowers tax officer, not below the rank of Assistant Commissioner, to block input tax credit available in the electronic credit ledger of a taxpayer if he has reasons to believe that such credit is ineligible or has been availed fraudulently.
Importers of Acetone originating in or exported from Korea RP shall continue to pay anti dumping duty for extended period till 15.04.2020
The Commissioner has extended the period for submitting the declaration in form GST TRAN-1 till 31st March, 2020.
This knowledge alert is a weekly compilation of key amendments / notifications alongwith its implications.
The declaration of GSTIN shall also be mandatory in import/export documents for the importers and exporters registered as GST taxpayers.
Mutual Fund shall be required to deduct TDS @ 10% only on dividend payment and no tax shall be required to be deducted by the Mutual Fund on income which is in the nature of capital gains.
It is clarified that in case of an Indian citizen who becomes deemed resident of India under this proposed provision, income earned outside India by him shall not be taxed in India unless it is derived from an Indian business or profession. Continue reading to know more…
This knowledge alert is a weekly compilation of key amendments / notifications alongwith its implications.
