JHS Weekly KNOWLEDGE ALERT 03.02.2020 to 07.02.2020
This knowledge alert is a weekly compilation of key amendments / notifications alongwith its implications.
JHS Knowledge Team
7 February 2020
SEBI
Streamlining export data to include District level details in Shipping Bills
The declaration of GSTIN shall also be mandatory in import/export documents for the importers and exporters registered as GST taxpayers.
JHS Knowledge Team
6 February 2020
Clarification on the applicability of TDS provisions on Mutual Fund dividend
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.
JHS Knowledge Team
5 February 2020
Extension of due date for e-filing Annual Return
CBIC has extended the time limit for furnishing of the annual return under under section 44 of the CGST Act read with rule 80 of the CGST Rules for the FY 2017-18. Continue reading to know more…
JHS Knowledge Team
4 February 2020
Ministry of Finance issues clarification on NRI taxation / ‘stateless’ person clause
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…
JHS Knowledge Team
3 February 2020
JHS Weekly KNOWLEDGE ALERT 27.01.2020 to 31.01.2020
This knowledge alert is a weekly compilation of key amendments / notifications alongwith its implications.
JHS Knowledge Team
31 January 2020
Revised All Industry Rates of Duty Drawback
Government has notified the revised rates of Duty Drawback. This shall come into force on 04.02.2020. Continue reading to know more
JHS Knowledge Team
30 January 2020
Report of the Working Group on Related Party Transactions
SEBI constituted a Working Group in November 2019 to review the policy space pertaining to related party transactions. The working group has submitted its report. Continue reading to Know more
JHS Knowledge Team
29 January 2020
Companies (Winding Up) Rules, 2020
MCA has notified the Companies (Winding Up) Rules, 2020, vide Notification dt. 24 January 2020, comprising of Rules 1 to 191 and Forms WIN 1 to WIN 95, applicable for winding up under the Companies Act 2013. The same rule will be effective from 1st April, 2020.
JHS Knowledge Team
28 January 2020
Merchanting Trade Transactions (MTT) – Revised Guidelines
Reserve Bank of India on 24.01.2020 revised the existing directions relating to merchanting trade transactions with a view to further facilitate merchanting trade transactions and are issued in supersession of the A.P. (DIR Series) Circular ibid. Continue reading Revised guidelines.
JHS Knowledge Team
27 January 2020