Concessional UTGST, CGST and IGST rates to specified projects under HELP/OALP:
Concessional UTGST, CGST and IGST rates to specified projects under HELP/OALP:
JHS Knowledge Team
1 October 2019
CBIC & GST
Online processing of refund applications and single authority disbursement implemented:
The online processing of refund applications and single authority disbursement has been implemented. The taxpayers are advised to take note of the following changes:
JHS Knowledge Team
30 September 2019
In re Odyssy Tour & Travels Pvt Ltd (GST AAR Goa)
The applicant had paid GST correctly but had not distributed the tax amounts correctly. To rectify their mistakes, they were advised to re-issue rectified invoices.
JHS Knowledge Team
27 September 2019
Position Limits in Interest Rate Derivatives (IRD):
SEBI on consultation with stock exchanges has to reviewed the extant position limits in Interest Rate Derivatives.
JHS Knowledge Team
26 September 2019
Handle tax issues of startups with utmost care: CBDT to I-T department
The Central Board of Direct Taxes (CBDT), which frames policy for the tax department, issued an order stating some fresh directions for handling grievances of startups.
JHS Knowledge Team
25 September 2019
Reporting and Identification of Phishing, Fraudulent Refund E-mail Scams and Fake Income Tax Web Sites:
Income tax department has warned taxpayer about the fake Refund SMS and issued guidelines on reporting and identifying phishing emails and fake income tax websites.
JHS Knowledge Team
24 September 2019
GST Rate on Goods as Recommended by The GST Council in Its 37th Meeting GST rates reduction:
GST Rate on Goods as Recommended by The GST Council in Its 37th Meeting
GST rates reduction:
JHS Knowledge Team
23 September 2019
Extension of time limit of UDIN generation from 15 days to 30 days – One Time Relaxation:
In response to the various representations received from Members at large for inability in generating UDIN due to floods in many parts of the Country and related internet issues, the Council at its 386th Meeting held on 18th and 19th September, 2019 has decided to permit generation of UDIN within 30 days in place of 15 days.
JHS Knowledge Team
20 September 2019
SEBI mulls new whistle-blower mechanism for auditors, other \’gatekeepers\’:
The proposed move assumes significance in the wake of several auditors in the recent past decided to exit from their audit mandate after certain listed companies failed to take remedial actions despite financial wrongdoings having been flagged in their auditors\’ observations.
JHS Knowledge Team
18 September 2019
SEBI mulls new whistle-blower mechanism for auditors, other \’gatekeepers\’:
The proposed move assumes significance in the wake of several auditors in the recent past decided to exit from their audit mandate after certain listed companies failed to take remedial actions despite financial wrongdoings having been flagged in their auditors\’ observations.
JHS Knowledge Team
18 September 2019