"December, 2020" Archive

Model Standing Orders for Manufacturing Sector, 2020

Notification No. G.S.R. 815 (E) & G.S.R. 816(E) 31/12/2020

(1) These Model Standing Orders may be called the Model Standing Orders for Manufacturing Sector, 2020; (2) They extend to all States and Union territories within India to the industrial establishments employing three hundred or more number of workers who are working in the industrial establishments, and which are covered under the Occupa...

Read More

Model Standing Orders for Service Sector, 2020

Notification No. G.S.R. 814 (E). 31/12/2020

(1) These Model Standing Orders may be called the Model Standing Orders for Service Sector, 2020; (2) They extend to all States and Union territories within India to the industrial establishments employing three hundred or more number of workers who are working in the industrial establishments and which are covered under the Occupation...

Read More

Tax Exemption For LTA Under Special Cash Voucher LTC Scheme

1. The Government vide office memorandum no. OM No F. No 12(2)/2020-EII (A) dated 12th October 2020 announced the Cash Voucher LTC (Leave Travel Scheme) scheme for Central Government employees. 1.1 The Central Board of Direct Taxes issued a press release on October 29, 2020, to provide a similar scheme & income-tax exemption to non-ce...

Read More
Posted Under: Corporate Law |

Majors below permissible age can legally Live- in but cannot marry- a legal anomaly

The Punjab & Haryana High Court has recently in the case of Priyapreet Kaur and Another v. State of Punjab and Others [CRWP-10828-2020 (O&M)] on 23 December 2020 has held the boy & the girl, both being major, have a right to live in but cannot marry because the boy is below the permissible  marriageable […]...

Read More
Posted Under: Corporate Law |

Important Amendment in E-way bill w.e.f 01st January 2021

Due to various changes in the E-invoice mechanism and as per latest amendment in Rule 138 of CGST Rule. There will be a significant change in the process of generation and validation of e-waybill. W.e.f 01st January 2021. Few of the changes are as follows The Direct E-Waybill generation through Web/Offline/API will be blocked w.e.f [&hell...

Read More
Posted Under: Corporate Law |

Input Tax Credit Dilemma: Analysis of 14th Amendment to CGST Rules, 2017

Cases of tax evasion and frauds have significantly increased under the GST regime since its implementation and especially the cases of fake invoicing to wrongfully avail the Input Tax Credit (ITC) are rising rapidly, which has become a major cause of concern for the government. Alone in the month of November, 2020, hundreds of arrests wer...

Read More
Posted Under: Corporate Law |

Merchant Trade – Intermediary Trade

What is Merchant Trade: Merchanting trade is one where shipment of goods takes place from one foreign country to another foreign country without touching DTA i.e. Customs. In Indian Context, the trade is called Merchanting Trade when, – The supplier of goods will be resident in one foreign country – The buyer of goods will [&h...

Read More
Posted Under: Corporate Law |

SEBI modifies Procedural Guidelines for Proxy Advisors

Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/256 31/12/2020

Proxy Advisors shall alert clients, within 24 hours of receipt of information, about any factual errors and any impending material revisions to their reports. Further, any such material revisions to their reports shall be communicated to the clients within 72 hours of receipt of the information, while ensuring that adequate time is availa...

Read More

SEBI amends two Circular on Mutual Funds

Circular No. SEBI/HO/IMD/DF2/CIR/P/2020/253 31/12/2020

In terms of paragraph 1 of SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/ 2020/175 dated September 17, 2020, the uniform applicability of NAV in respect of purchase of units of mutual fund schemes upon realization of funds, was to come into effect from January 1, 2021....

Read More

Atamnirbhar Bharat: Relief for Contractors/Developers of Road Sector- reg

Notification No. No. COVID-19/RoadMap/JS(H)/2020 31/12/2020

Representations have been received in the Ministry for further extension of the period of relief measures taken for mitigating COVID impact on the contractors engaged in NH sector....

Read More

Search Posts by Date

May 2021
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31