I. Next Webinar:

Topic: Webinar on GST (Input Tax Credit / Departmental GST Audit)

Date: Saturday, 19th June 2021

Time: 3 PM - 5 PM

Guest Speakers:  CA. Kamal Aggarwal & CA. Navya Malhotra

Zoom Registration Link: http://bit.ly/VOCA_19_June

II. Today's Headlines:

i) CBIC issues several clarifications as recommended by GST Council in its 43rd Meeting

(Please click for detail)

ii) Net Direct Tax collections up to 15-06-2021 for FY 2021-22 grown by over 100%: FinMin

(Please click for detail)

iii) Section 263 Power – An insider’s“full & true material disclosure of material facts”

(Please click for detail)

iv) Bracing for implementation of Section 206AB of Income-tax Act

(Please click for detail)

v) SEBI issues norms for settlement of running account of client’s funds lying with trading member

vi) RBI moves from ‘Online Return Filing System’ to ‘ XBRL system’ under Liberalised Remittance Scheme

(Please click for detail)      

III. Useful Judgment:

[Contribution by : CA. Parinder Jindal]

1. Briefing of Section 206AB/206CCA

(Please click for detail)  

IV. Useful Updates on GST:

[Contribution by : CA. Bimal Jain Ji]

1.  Benefit of abatement can’t be withheld on failure on part of Superintendent to make proper recordings

(Please click for detail)

2.  Divergent opinion on constitutional validity of Section 13(8)(b) IGST Act pertaining to intermediary services

(Please click for detail)

 V. Useful Updates on GST:

[Contribution by : CA. Rajat Mohan Ji]

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

GST litigation support communique Series (Part-XIII)

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