CBIC clarifies GST law issues for companies under Insolvency and Bankruptcy Code, 2016
CBIC clarifies various issues of GST law concerning the companies under the procedure of Insolvency and Bankruptcy Code, 2016.
Tag: Clarifications
ITC Apportionment/ transfer issues in Reorganisation cases clarified by CBIC
CBIC clarifies issues relating to apportionment/ transfer of input tax credit (ITC) in the cases involving business reorganization, like merger, demerger, amalgamation, etc., u/s 18(3) of the CGST Act …
Issue of pending Disposal of Appeals for pending constitution of Appellate Tribunal, clarified by CBIC
CBIC clarifies the issue of pending disposal of appeals, in view of the fact that appellate authorities are not passing the Orders on the grounds that the appellate tribunal …
Filing Compliance issues of CIRP companies clarified, for Insolvency Professionals (IP/ IRP): MCA
MCA clarifies compliance related issues of companies under Corporate Insolvency Resolution Process (CIRP), i.e. filing of forms in the Registry (MCA-21) by the Insolvency Professionals (IP/ IRP) appointed under …
Provisions of Direct Tax Vivad se Vishwas Scheme 2020 clarified by CBDT
CBDT clarifies provisions of Direct Tax Vivad se Vishwas Scheme 2020 introduced in Budget 2020 for resolution of pending income tax disputes.
CBDT clarifies TDS on Mutual Fund dividend (not gains): Budget 2020 proposals
CBDT has clarified that Budget 2020 has proposed 10% TDS on Mutual Fund dividends, above Rs. 5000/ year, in lieu of removal of DDT, under new IT Section 194K. …
CBDT clarification on new deeming provision (Resident in India), proposed in Finance Bill 2020
CBDT clarifies new deeming provision pertaining to residence/ tax liability in India, as proposed in Finance Bill/ Budget 2020 (i.e. an Indian citizen shall be deemed to be resident …
CBIC Master Circular e-Refund process from 26 Sept. 2019 (GST RFD 01)
CBIC has issued Master Circular on procedure for electronic submission and processing of refund applications in supersession of earlier Circulars (e refund process) through Form GST RFD 01 applicable …
CBIC Clarification on Optional filing of Annual GST Return (GSTR 9/ 9A) for FY 2017-18/ 2018-19
CBIC has clarified the concerns relating to optional filing of Annual GST Return in Form GSTR 9/ 9A, with reference to waiver/ optional filing allowed for FY 2017-18 and …
Aadhaar KYC Norms eased for bank account opening only, clarifies MoF
Finance Ministry (MoF) has clarified that norms for Aadhaar KYC have been eased/ changed for limited purpose of opening/ transfer of bank account, based on a self declaration of …