The Ministry of Finance in exercise of the powers conferred by section 156 read with section 28DA of the Customs Act, 1962 vide its Notification No. 81/2020-Customs (N.T.) dated 21st August, 2020 has notified Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020
To check this loophole, the RBI has vide a notification dated 6th August, issued fresh guidelines in respect of opening and operating CC/OD/Current accounts of borrowers which are mandatory to be followed by all branches.
Section 269SU provides that every person, carrying on business, shall, provide a facility for accepting payment through the prescribed electronic modes if any, being provided by such person, if his total sales, turnover or gross receipts in business exceeds Rs.50 Crores
GST Registration Process: Amendment in CGST Rules
While filing GSTR-9 of F.Y. 2017-18, one of the issues faced by the taxpayers was non-availability of detailed invoice-wise information of auto-populated information in Table 8A of GSTR-9 in respect of Details of Invoices appearing in GSTR-2A of the taxpayers.
In case of a dealer who is engaged in providing service of exchange of foreign exchange, by converting one currency into another currency at the request of the customer and in return charging a commission for the same.
Aadhaar verification or Physical verification of premises mandatory for GST registration from 21.08.2020 as per Notification 62/2020
Only those capital receipts would be taxable under the Income Tax Act,1961 which are expressly provided under the definition of term "income" under section 2(24) of the Act.
A proforma invoice is a document issued by the seller to the buyer that provides information regarding the description of goods which is yet to be delivered.
Now you can download the document details from auto-populated from GSTR-2A in Table 8A of GSTR-9 in excel format.
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