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5% GST applicable on Supply to Wular Conservation and Management Authority: AAR [Read Order]

The West Bengal Authority of Advance Ruling (AAR) ruled that 5% tax applicable on supply to Wular Conservation and Management Authority. The Wular Conservation and Management Authority has awarded...

5% GST applicable on Supply to Wular Conservation and Management Authority: AAR [Read Order]
Taxscan Team

₹ 95,480cr gross GST revenue collected in September

The gross GST revenue collected in the month of September 2020 is ₹ 95,480 crore of which CGST is ₹ 17,741 crore, SGST is ₹ 23,131 crore, IGST is ₹ 47,484 crore (including ₹ 22,442 crore collected on...

₹ 95,480cr gross GST revenue collected in September
Taxscan Team

Public Servants prohibited from accepting any Foreign Contributions: Govt. notifies FCRA Amendment, 2020 [Read Notification]

The Central Government has notified the Foreign Contribution (Regulation) Amendment Act, 2020 for prohibiting to accept any Foreign Contribution for election candidates, editor or publisher of a...

Public Servants prohibited from accepting any Foreign Contributions: Govt. notifies FCRA Amendment, 2020 [Read Notification]
Taxscan Team

MCA extends time limit to Independent Directors for inclusion of Name in Data Bank [Read Notification]

The Ministry of Corporate Affairs ( MCA ) has extended three months to Independent Directors for the inclusion of Name in Data Bank. The MCA has notified the Companies (Appointment and...

MCA extends time limit to Independent Directors for inclusion of Name in Data Bank [Read Notification]
Taxscan Team

Finance Ministry notifies Companies (Amendment) Act, 2020 [Read Notification]

The Finance Ministry has notified the Companies (Amendment) Act, 2020 which seeks to amend the Companies Act, 2013. The notification seeks to amend clause (52) of section 2 which elaborates on...

Finance Ministry notifies Companies (Amendment) Act, 2020 [Read Notification]
Taxscan Team

Govt. extends suspension of Fresh Proceedings under IBC Law for 3 months [Read Notification]

The government has extended the suspension of insolvency proceedings for any COVID-19 related default by a period of three months, effective from September 25. The Insolvency & Bankruptcy Code...

Govt. extends suspension of Fresh Proceedings under IBC Law for 3 months [Read Notification]
Taxscan Team

Fallout of COVID-19: Goods and Services Tax ( GST ) & Tug of War between Governments

Taxation on services is the major source of revenue for any Governments which they find easiest way instead of reduce their own expenses and “doctrine of divide & rule” help them. Modern taxation...

Fallout of COVID-19: Goods and Services Tax ( GST ) & Tug of War between Governments
Taxscan Team

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