GSTN Alert: Two New Features added in the Portal
Read more at: https://www.taxscan.in/gstn-new-features-added-portal/33580/
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👉GSTN Alert: GSTN updates 2 new features in the Official Website including System Generated Acknowledgement of Application of Appeal and the Population of Data from EWB System into Form GSTR-1
👉The Directorate General of Goods and Services Tax Intelligence (DGGSTI) has unearthed a fraud worth a whopping Rs 1,000 Crore in the state of Chhattisgarh. The GST officials said that such traders are on their radar and the GST intelligence department is keeping a close tab on the tax evaders.
👉GoM panel set up to Review Tax Rate on lottery favours a uniform GST rate of either 18% or 28%-- a final call on which would be taken by the GST Council at its meeting on February 20. Currently, a State-Organised Lottery attracts 12% GST while a State-Authorised Lottery attracts 28% tax.
👉CBIC issues Clarification regarding tax payment made for Supply of Warehoused Goods while being deposited in a Customs Bonded Warehouse for the period July, 2017 to March, 2018
👉CBIC vide it's Circular No:89 dated 18th February 2019 seeks to clarify situations of mentioning details of inter-State supplies made to unregistered persons in Table 3.2 of FORM GSTR-3B and Table 7B of FORM GSTR-1
👉RBI in its Board Meeting on February 18 decides to transfer Rs 28,000 Crore as Interim Dividend to the Govt for the period of July to December 2018. The interim surplus has been decided after a limited Audit Review and after applying the Economic Capital Framework
👉RBI Governor Shaktikanta Das will meet top officials of state-run banks and Private Sector Lenders later this month to discuss the issue of transmission of the RBI’s rate cut move to the wider economy.
👉RBI will inject Rs 12,500 Crore into the system through Purchase of Government Securities on Thursday i.e. Feb 21 to increase liquidity. The purchase will be made through Open Market Operations (OMOs).
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A Division Bench of the Calcutta High Court, comprising Justice Sanjib Banerjee and Justice Suvra Ghosh, held that an anti-suit injunction passed by an Indian court staying a foreign arbitral reference and the subsequent enforcement of such foreign award, is without jurisdiction and held to be non est, if later vacated by a superior court.
Read more at http://bit.ly/2SKmB7T
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The Supreme Court said that it will examine the issue relating to living conditions in foreigners detention centres in the State of Assam.
Read more at http://bit.ly/2EhpbcS
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The Supreme Court recently clarified that under the prevailing law, the 120-day time limit for filing the written statement in commercial suits is mandatory, leaving no room for courts to exercise their discretion to relax the same.
[ ```Read Judgment``` ]
Read more at http://bit.ly/2SdB5Im
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Eviction proceedings against Jawaharlal Nehru Memorial Fund illegal, Sibal to Delhi HC
Read more at http://bit.ly/2ScV2z3
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Is a Related Witness an Interested Witness?
The Supreme Court has reiterated that a related witness cannot be said to be an interested witness merely by virtue of being a relative of the victim.
Read more at http://bit.ly/2BIw9WC