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Thursday, February 27, 2020

[ACCA_Profs] Top Counsel Object To New Tribunal Rules + Amendments To Vivad Se Vishwas Bill Explained + Imp Amendments To GST Act

 

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Dear Subscriber,

The following important updates are available at itatonline.org:

Tax Professionals Strongly Oppose The New Rules For Appointment Of Members Of The ITAT

Leading legal experts like Justice R. V. Easwar (Retd), Shri Arvind Datar and others have expressed strong reservations with regard to the new rules formulated by the Government for the appointment of Members of various Tribunals, including the ITAT. The experts have opined that the rules violate the law laid down by the Supreme Court with regard to maintaining the integrity and independence of the ITAT. They has also pointed that the short tenure of appointment will discourage good professionals from joining the ITAT

Amendments To The Direct Vivad Se Vishwas Bill, 2020: Major Improvement But Minor Lacuna Remains

Advocate Shashi Bekal has conducted a review of the Vivad se Vishwas Bill and its latest amendments. He has explained the precise scope of the Bill and the amendments. He has opined that while the amendments does improve the situation and removes a lot of uncertainty in the minds of taxpayers, there is still room for improvement. He has offered suggestions in that behalf

Amendments To GST Act In Budget 2020: Consequences Of Fake Invoicing, Fraudulent Availment Of Input Tax Credit Explained

The Finance Bill 2020 has proposed several amendments to the Goods and Service Tax Act with a view to impose penalty and prosecution upon persons facilitating and benefiting from fake invoice transactions. The Bill also seeks to make fraudulent availment of Input tax credit into a cognizable and non bailable offense at par with supply without an invoice or fake invoicing provisions. CA Sujay Ajgaonkar has explained the scope of these amendments in a clear and straightforward manner

See Also: Digest of case laws (updated regularly) containing latest judgements reported in BCAJ, CTR, DTR, ITD, ITR, ITR (Trib), Chamber's Journal, SOT, Taxman, TTJ, BCAJ, ACAJ, www.itatonline.org and other journals 

Regards,

 

Editor,

 

itatonline.org

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Latest:

Download Official Amendments To The Direct Tax Vivad Se Vishwas Bill, 2020

The CBDT has released the official amendments to the Direct Tax Vivad se Vishwas Bill, 2020, a copy of which is available for download

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