Author: CA Ritul Patwa

E-WAY BILL – COMMON ENROLMENT FOR REGISTERED TRANSPORTER ACROSS INDIA

One of the requests of the transporters was that they have to be allowed to use one registration number for updation of e-way bills throughout the country. That is,...

Clarification on PM CARES Fund – Constitution, Objective & Need

I have been receiving several queries regarding the ‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations‘ (PM CARES) Fund, related to its Constitution, Objective and Requirement and a reason...

COVID19 RELIEF – BANK LOAN EMI MORATORIUM (DEFERMENT) PROCEDURE

In accordance with the COVID-19 – Regulatory Package notification dated Mar 27, 2020 issued by Reserve Bank of India (“RBI”) and as may be updated from time to time...

RELIEF IN STATUTORY & COMPLIANCE UNDER GST, INCOME TAX ETC – DUE TO COVID19 OUTBREAK

The Union Finance & Corporate Affairs Minister Smt. Niramla Sitharaman announced several important relief measures on 24-03-2020, taken by the Government of India in view of COVID-19 outbreak, especially...

Reserve Bank of India (RBI) – Policy measures to address Financial Stress by Corona Virus : 27-03-2020

Reserve Bank of India (RBI) has proactively announced several policy measures to address the stress in the Financial System as an impact of the Corona Virus (COVID19) including:- (i)...

EQUALISATION LEVY ON E-COMMERCE OPERATORS – FINANCE ACT, 2020

Equalisation Levy was introduced in the Finance Act, 2016, to charge/ levy tax, on consideration received or receivable on certain specified services like online advertising and marketing service, provided...

TAX LIABILITY ON INCOME OF A MINOR CHILD IN INDIA

Income Tax Act, 1961, has separate provisions for taxation of income of a Minor Child in india and clubbing of his income in the income of parents. We are...

NOT FILLING GST RETURNS – WHAT ACTION DEPARTMENT WILL TAKE?

The Central Board of Indirect Taxes and Customs (CBIC) have issued standard guidelines for the field formations of Goods and Services Tax, for dealing with cases where the Dealers or Registered Persons are...

NOT RECEIVED INCOME TAX REFUND : STEP-BY-STEP PROCESS FOR REFUND RE-ISSUE REQUEST

This is a very common problem faced by many taxpayers, that they have not received their Income Tax Refund. There may be number of reasons for refund not issued...

HOW TO DEPOSIT SERVICE TAX CHALLAN IN GST REGIME

An Assessee is required to make payment of Service Tax under the GST Regime for multiple reasons like Pre-Deposit of Duty u/s 35F of CEA for Appeal against the...

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The Views expressed on this blog are strictly personal and for knowledge of our clients only. The contents of this blog are solely for informational purpose and it does not constitute any professional advice or recommendation. The laws related to GST and other taxes are under evolution and subject to constant changes and amendments over time. It is suggested to take specific legal advice and necessary due diligence before relying on the contents and information of this Blog. The authors of this blog, does not accept any liabilities for any loss or damage of any kind arising out of information on this blog and for any actions taken in reliance thereon.