In view of the unprecedented current situation arising out of the pandemic Novel COVID-19, the Ministry of Commerce and Industry issued a Press Release on March 31, 2020 announcing changes in the current Foreign Trade Policy (“FTP”) of the Government of India. Subsequently, the Director General of Foreign Trade issued Notifications/Public Notices/Trade Notices notifying several […]
To keep you updated during the ongoing nation wide crisis due to COVID 19 pandemic, we are happy to bring two latest developments on the merger filing front before the fair trade regulator, the Competition Commission of India (CCI). Briefly, these relate to allowing PFC through video conferencing and revising the Guidance Note to FORM […]
The 39th GST Council Meeting was held on 14th March, 2020 at New Delhi. The GST Council has made various recommendations on procedure as well as law, including in respect of (i) Aadhaar authentication, (ii) entities undergoing corporate insolvency resolution, (iii) disbursal of refunds on account of zero-rated supplies, (iv) deferment of e-invoicing and QR […]
To decode the tax fine-print, a seminar on Union Budget, 2020 was organized by Vaish Associates Advocates in conjunction with Taxsutra on Tuesday, February 4, 2020 at Hotel ‘Le Meridien’, New Delhi. Senior Advocate and Tax Stalwart, Mr. Ajay Vohra leads the discussions along with Partners of Vaish Associates Advocates. The session was moderated by […]
Corporate taxpayers are required to file their return of income on or before the due date prescribed under section 139(1) (30th September/30th November of the subsequent year). Further, after filing of the said return, if the taxpayer discovers any omission or any wrong statement therein, then a revised return can be filed only within the […]
Pursuant to India’s increased focus on boosting foreign investment and cross-border businesses along with countering harmful tax practices, following developments have taken place recently: Indian’s Union Cabinet approves the signing of the Protocol amending the India Brazil Tax Treaty for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on […]
