Supreme Court of India in Section 19 (11) of TNVAT Act,2006-Cases failure to claim ITC with in the time prescribed has since been disposed off. The SC has dismissed all the Civil Appeals of the dealers.
Delhi High Court allows manual filing of GSTR-3B. IndusInd Media & Anr. Vs. Union of India & Ors. W.P. (c) No. 8691/2018.
NBFCs are likely to be impacted significantly if the liquidity situation, triggered by IL&FS default, continues to remain tight as its subsidiaries are facing liquidity crisis and has defaulted on debt repayment. The default by IL&FS has also impacted other NBFCs and also mutual fund players.
Govt and RBI are not in favour of extending the deadline to store payments data mirroring by payments firms as an alternative to only storing data locally, The central bank has mandated that all payment firms, including MasterCard, Visa, American Express and Paypal, should store their India related data locally.
Bank of Baroda invites proposals from Chartered Accountant Forms/Groups for conducting financial and tax due diligence of Bank of Baroda, Dena Bank and Vijaya Bank for the proposed amalgamation.
