CAclubindia Articles
How to file NIL GST return by SMS?
CBIC has introduced NIL filing of Form GSTR 3B vide Notification No 44/2020 - Central Tax dated 8th June, 20. Rule 67A of the CGST Rules, 2017 has been notified for giving effect to this change.
GST under RCM on Director's Remuneration
As per S.No 6 of the said notification, a company or a body corporate located in the taxable territory is liable to pay GST on RCM basis on services received from its directors.
Clarification on levy of GST on Directors' Remuneration
CBIC clarified that the remuneration paid to independent directors, or that director who are not employees of the said company, is taxable in hands of the company, on a reverse charge basis.
Clarification related to GST Refund - ITC populated in GSTR 2A
Circular ON GST Refund clarifies that the treatment of refund of such ITC relating to imports, ISD invoices and the inward supplies liable to RCM supplies will continue to be the same as it was before the issuance of Circular No. 135/05/2020
The Art of reading a Judgement
Reading of a judgment is an art, no doubt about this. Since we all are in the profession for decades and appearing before the various forums including the assessing authorities. But, the purpose of placing a judgment given by a court has not been properly met with.
GSTR-9 and 9C- Aspects that need clarification
As we all know the due date for filing GST Annual Return and GSTR-9C is 30.09.2020. But still there is no clarification regarding the manner of presenting details in the respective returns.
EMI Moratorium : Good or Bad?
Moratorium period should be availed only if there is an acute financial crunch with an individual, else it would cost the person a lot more to compensate for a period of 6 months moratorium. Hence only 20% availed it.
Levy of GST on Director's Remuneration | Decoding CBIC Clarification
CBIC clarified that the remuneration paid to independent directors, or that director who are not employees of the said company, is taxable in hands of the company, on a reverse charge basis.
Why RBI is not selling Dollar
Earlier, whenever USD used to touch levels of 56-57, we would see intervention from the Reserve Bank of India to control the rise and bring back stability. But now what has happened
Decoding SEBI relaxations in FPO's norms due to Covid 19
Relaxations from certain provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 in respect of Further Public Offer (FPO's)
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