Finally, the GST council in the 43rd Meeting held on 28th May 2021 has come with much-awaited relief to the construction industry by way of changing the Time of Supply provision in case of services of construction provided by Developer Promoter to Landowner Promoter and consequently, Landowner promoters shall be eligible to utilize the ITC
Guidelines for Examination Centres, Examination functionaries and Candidates for July 2021 CA Examinations in wake of ongoing pandemic Novel Corona Virus (Covid-19). The Attachments here to cover 3 guidelines:- (a) Guidelines for Examination Centres (b) Guidelines for Centre Superintendents and Observers (c) Guidelines for Candidates GENERAL GUIDELINES ICAI is taking all possible measures for safe
A Limited Liability Partnership (LLP) is an alternative corporate business form that gives the benefits of limited liability of a company with the flexibility of a partnership. This concept was introduced in India in 2008-09 with the implementation of the Limited Liability Act, 2008. In recent times it became a very popular form of business.
The scheme of Advance Rulings was introduced in the Income Tax Act, 1961 by the Finance Act, 1993. Chapter XIX-B of the Income-tax Act, which deals with advance rulings, came into force with effect from 01st June 1993. Under this scheme, the power of giving advance rulings has been delegated to an independent adjudicatory body
The Central Board of Direct Taxes (CBDT) vide its Notification No 71/2021 dated 08th June 2021 notify the Income Tax (17th Amendment) Rules 2021 relating to TDS/TCS. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 8th June, 2021 (INCOME-TAX) G.S.R. 395(E).— In exercise of the powers conferred by
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 03/2021 – Central Tax (Rate) dated 2nd June 2021 makes amendment in Notification No 06/2019 – Central Tax (Rate) with respects to the completion certificate. Government of India Ministry of Finance (Department of Revenue) Notification No. 03/2021-Central Tax (Rate) New Delhi, the
Following changes were made to e-way bill software by NIC : E-way bill facility will be blocked for a GSTIN only for defaulting supplier GSTIN now and not for the defaulting recipient or transporter GSTIN. Where mode of transport is Ship, it has now been updated as Ship / Road cum Ship. Now users can
The Ministry of Corporate Affairs (MCA) has recently released the new website MCA21V3. Q. 1 Has the new MCA website been launched? Has there been any change in the existing services? Ans.: The Ministry of Corporate Affairs is in the process of implementing the third version of its flagship project MCA21 (MCA 21 V3). The
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 51/2021 – Customs (N.T.) dated 3rd June 2021 notifies the exchange rates for the purpose of calculation of Customs and related duties. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No.51/2021 –
The Central Government after 43rd GST Council Meeting has extended the dates of various compliances by Taxpayers under GST vide Notification No 12/2021 – Central Tax dated 1st May 2021, read with Notification No 17/2021 – Central Tax dated 1st June 2021, Notification No 14/2021 – Central Tax dated 1st May 2021 read with Notification No 24/2021
