The Jurisdictional Pr. Chief Commissioner/Chief Commissioner of Central Tax should take appropriate action to get the verification completed within next 7 working days.
Stakeholders shall submit their comments if any, online by end of business hours on 6th March, 2020 positively.
This knowledge alert is a weekly compilation of key amendments / notifications alongwith its implications.
REs are advised to ensure meticulous compliance with the aforementioned instruction pertaining to UAPA and ensure that they do not have any account in the name of individuals/entities appearing in the list.
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.
The provisions of the Income Tax (4th Amendment) Rules, 2020 may come into force on the 1st day of April, 2020.
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.
