Central Goods and Services Tax (Sixth Amendment) Rules, 2019 notified
CBIC has notified Central Goods and Services Tax (Sixth Amendment) Rules, 2019 vide notification dated 9th October, 2019. Following important amendments have been made to the CGST Rules, 2017: Only 20% input tax credit can be availed in respect of invoices or debit notes, the details of which have not been uploaded by the suppliers […]
Summary of GST Notifications issued on 9th October, 2019
The Central Board of Indirect Taxes on 9th October, 2019 has issued 5 notifications pursuant to the decisions taken at the 37th GST Council meeting.
The notifications deal with given subjects: Due date for GSTR-3B, GSTR-1 quarterly, GSTR-1 monthly, Due dates for the state of Jammu and Kashmir and
non-requirement of filing Annual return.
MCA amends Schedule VII of the Companies Act, 2013
The Ministry of Corporate Affairs vide notification dated 11th October, 2019 has brought amendment in Schedule VII of the Companies Act, 2013 which relates to Activities which may be included by companies in their corporate social responsibility policies.
Haryana Development and Regulation of Urban Areas Act, 1975 amended
The Haryana Development and Regulation of Urban Areas Act, 1975, (hereinafter referred to as the ‘Principal Act’) has been amended vide a gazette notification dated 3rd September, 2019. As per the amendment the following changes have been made to the Principal Act: The word “Infrastructure development charges”, wherever occurs in the principal act, has been […]
CBDT issued clarification on set-off of losses and MAT credit under Section 114BAA
Central Board of Direct Taxes vide circular dated 2nd October 2019, has issued clarification with respect to additional depreciation and MAT credit where a company exercises an option to lower rate of tax under section 115BAA of the Act. Several representations were made by taxpayers seeking clarifications relating to exercise of option of lower tax rate under section 115BAA.
