Posts Tagged: CA IN JAIPUR

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...

GST CLARIFICATION – AVAILMENT OF INPUT TAX CREDIT UNDER GST

The government has issued following clarification in respect of the AVAILMENT of the Input Tax Credit under GST:-   Last date to avail input tax credit in respect of...

COMPANY LAW – REDUCTION IN FEES FOR DELAYED FILLING OF DIRECTORS E-KYC IN DIR-3 KYC

Deadline to re-activate Directors DIN after filling DIR-3 KYC with reduced Fees Of Rs. 500/- has been granted till 05-10-2018. From 6th October, 2018, the Fees will be Rs....

IS GST APPLICABLE ON UP-FRONT PAYMENT FOR LONG TERM LEASE OF IMMOVABLE PROPERTY?

This issue has been settled by law, that Up-Front Payment for Long Term Lease (for e.g. 30, 60 or 99 Years) of an Immovable Property viz. Land, Building etc is...

WHY PAN CARD IS REQUIRED

Section 139A of the Income Tax Act, 1961, prescribes the conditions when a person is required to apply for a PAN Card.   Section 139A is noted below for...

GST : RE-OPENING THE MIGRATION WINDOW

The GST Council in its 28th Meeting on 21-07-2018, has recommended to re-open the migration window for taxpayers, who have received provisional IDs but could not complete the migration...

GST Rate Slab on Hotel Rooms – On Actual Tariff (Transaction Value) instead of Declared Room Tariff

In a major relief to the Hotels and Hospitality Industry, GST Council in its 28th Meeting held on 21st July, 2018, has announced that the GST Rate Slab on...

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