Friday, 6 December 2019

06 December 2019 Updates

Payment of Membership/COP Fees for the year 2019-20 is further extended to 31st December, 2019. - (29-11-2019)

It has been decided to extend the last date for payment of Membership /COP fee for the year 2019-20 up to 31st December 2019. It has been further decided to waive off condonation fee on delay of filing of application forms related to Members, Firms and Students, if respective transaction date in application forms falls between 1st April 2019 to 31st December 2019.

Link:-https://www.icai.org/new_post.html?post_id=16134&c_id=219
.
===============>
.
Delhi High Court stayed the applicability of interest levied on the profiteered amount relating to the Goods & Services Tax (GST). The same petition had also challenged the composition of National Anti-profiteering Authority (NAA).

Arbitrary and illegal detention under GST not to be resorted to: Case Name: Alfa Group Vs. The Assistant State Tax Officer (Kerala High Court)

The National Informatics Center (“NIC”) has issued a New Set of FAQ on Blocking and Unblocking of EWB generation facility in EWB Portal. The FAQ's are based on the implementation of the new feature of blocking/unblocking the taxpayers from next month, as per Rule 138E of the CGST/SGST Rules, 2017, with effect from December 01, 2019.

Reserve Bank of India is set to deliver its sixth straight interest-rate cut Thursday, shrugging off a spike in inflation as it stays doggedly focused on supporting economic growth. While all 34 economists surveyed by Bloomberg News as of Wednesday expect a reduction, the majority expect a quarter-point cut, with the rest expecting reductions of 15 basis points to 50 basis points. 

DGFT Authorities have issued a trade notice to the members of trade and industry and regional authorities, to rectify the mistakes in the IEC database which requires immediate corrective action. 
.
===============>
.
Relief for back-office firms: Govt withdraws GST circular on intermediary services:

READ MORE- https://www.gststation.in/relief-for-back-office-firms-govt-withdraws-gst-circular-on-intermediary-services/
.
===============>
.
Construction workers demand full GST waiver; seek social security:

READ MORE-https://www.gststation.in/construction-workers-demand-full-gst-waiver-seek-social-security/
.
===============>
.
๐Ÿ‘‰ Private sector lender Yes Bank on Monday filed an insolvency petition against Jaypee Healthcare before the Allahabad bench of National Company Law Tribunal (NCLT)

๐Ÿ‘‰ NCLT admits RBI plea seeking bankruptcy resolution for DHFL

 ๐Ÿ‘‰A dedicated bankruptcy court has accepted the resolution plan for the revival of Ricoh India, the largest player in printing and document solutions.

 ๐Ÿ‘‰ IBBI tightens norms for insolvency resolution professionals. Insolvency resolution professionals would be barred from having employment when they are in possession of authorisation to take up work under the insolvency law.
.
===============>
.
Oil minister sees jet fuel, gas under GST soon to improve business climate:

READ MORE- https://www.gststation.in/oil-minister-sees-jet-fuel-gas-under-gst-soon-to-improve-business-climate/