I. Today's Headlines:                        

i) CBDT amends Rule 2B to provide exemption for cash allowance in lieu of LTC

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ii) CBDT notifies threshold limits for Significant Economic Presence under Sec. 9

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iii) HC stayed order of National Faceless Assessment Centre as it was passed without hearing assessee’s objection

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iv) Assaying the provisions of section 194IA of the Income-tax Act

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v) Is there contempt to SUPREME COURT’S order on part of CBDT by issuing circular for extension of various due dates

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vi) Appointment of Auditors in Regulated Financial Institutions of India

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II. Useful Updates on GST:

[Contribution by : CA. Bimal Jain Ji]

i) GST authorities cannot embark upon the process of assessment, in the guise of considering the application for revocation of cancellation of registration

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ii) Practicing advocates exempted from service tax/GST, should not have to face harassment from GST Department

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iii) All the supplies made in relation to distribution of electricity are not exempt under GST

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iv) Denial of ITC refund on the grounds of technical glitches in GSTN software is unfair

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iv) GST not leviable on subscription/infrastructure development fee collected from members, unless the amended provision is notified

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III. Useful Updates on GST:

[Contribution by : CA. Rajat Mohan Ji]

Synopsis of all changes in GST is given below for your quick reference:

i) GST litigation support communique Part-I

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ii) GST litigation support communique Part-II

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IV. Useful Updates:

[Contribution by : CA Jigneshkumar Parikh Ji]

i) Important Judgments Part-I

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ii) Important Judgments Part-II

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