SUPREME COURT : In Alchemist Asset Reconstrution Company Ltd. vs. M/s. Hotel gaudavan pvt. Ltd. & Ors.
Arbitration that has been instituted after the moratorium is non est in law pursuant to Section 14(1)(a)
Read full case law at https://dasgovernance.com/2018/12/05/supreme-court-in-alchemist-asset-reconstrution-company-ltd-vs-m-s-hotel-gaudavan-pvt-ltd-ors/
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GST Defaulters arrested in Shimla, Sent to Jail
Read more at: http://www.taxscan.in/gst-defaulters-arrested-shimla-jail/31256/
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CBDT said that Income tax return filing for assessment year 2018-19 has so far seen a 50 per cent rise since last year. This year ITD got around 6.08 crore income tax returns, which is 50 per cent higher than last year by this particular date.
CBEC said that e-commerce companies are not liable to collect TCS on supplies made by entities with turnover not exceeding 20 lakh and are not registered under GST.
Simplified GST Return Forms to be Rolled Out from April 1, Says Revenue Secretary - https://www.news18.com/news/business/simplified-gst-return-forms-to-be-rolled-out-from-april-1-says-revnue-secretary-ajay-bhushan-pandey-1959887.html
Finance ministry said Rs 91,149 crore has been issued so far to exporters as GST refunds, which are 93.77 per cent of total claims with the tax authorities. Ministry said Rs 6,053 crore worth GST refund is still pending with the government and that is being "expeditiously processed".
Sebi has made the settlement rules more attractive to help fast-track cases, by including confidentiality and lenient terms for approvers, but not to settle cases of defaulters and fugitive economic offenders.
Markets have priced in a status quo on policy rates by the RBI ahead of Wednesday monetary policy committee meeting. That is because the recent spate of data has built a convincing case for a pause.
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American School of Bombay eligible for Income Tax Exemption: ITAT [Read Order]
Read more at: http://www.taxscan.in/american-school-bombay-income-tax-exemption-itat/31203/
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Person arrested in Noida for Rs. 50 Cr GST Scam is not Chartered Accountant: ICAI
Read more at: http://www.taxscan.in/person-noida-gst-scam-chartered-accountant-icai/31277/
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Payment of Municipal Taxes being directly related to letting out of Property, can’t be Deducted from ‘Other Income’: ITAT [Read Order]
Read more at: http://www.taxscan.in/municipal-taxes-letting-property-itat/31227/
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GST: Maharashtra to impose Meager Penalty for Minor Discrepancies in E-Way Bill [Read Circular]
Read more at: http://www.taxscan.in/maharashtra-minor-discrepancies-e-way-bill/31249/
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Govt. extends deadline for Registration for GST Practitioners Exam
Read more at: http://www.taxscan.in/govt-extends-deadline-registration-gst-practitioners-exam/31252/
