Follow Us:

Archive: 01 January 2021

Posts in 01 January 2021

IMPORTANT | RoDTEP Scheme from 01st January 2021

January 1, 2021 48210 Views 5 comments Print

As we all are aware that the Government was in discussion for the introduction of a new benefit of ​​Remission of Duties and Taxes on Exported Products (RoDTEP) on merchandise exports replacing the existing ​​Merchandise Exports from India Scheme (MEIS) Scheme. In relation to the same, the Ministry of Finance has recently issued a ​​Press […]

3 Important updates from MCA on 31.12.2020

January 1, 2021 20193 Views 0 comment Print

1. Due dates of ROC return shall be computed based on actual due date or /extended date of AGM Stakeholders may please note that there is no change in the additional fee logic of eform MGT-7 and AoC-4/AOC-4 XBRL/AOC-4 CFS/AOC-4 NBFC for the FY 2019-20 w.e.f 01 January 2021 since extension was provided to all […]

DGGI Gurugram arrests 3 for fraudulently claiming ITC of Rs 12.90 crore

January 1, 2021 885 Views 0 comment Print

The Directorate General of GST Intelligence (DGGI), North Zone, Gurugram has arrested three persons, namely Shri Alok Bhargava and his sons Shri Akul and Shri Atin Bhargava, owners of M/s Delhi Foils, M/s Abinox Industries and M/s Matalax Industries, Wazirpur, New Delhi.

CCI amends one of the formats prescribed for notification of proposed combinations in Form I

January 1, 2021 357 Views 0 comment Print

By way of the Competition Commission of India (Procedure in regard to the Transaction of Business relating to Combinations) Amendment Regulations, 2020, the Commission has deleted paragraph 5.7 of Form I, one of the formats prescribed for notification of proposed combinations.

FDI inflow increased by 11% from USD 42.06 billion to US$ 46.82 billion

January 1, 2021 1254 Views 0 comment Print

Foreign Direct Investment has played an important role in this process of Globalization and is a major driver of economic growth and a source of non-debt finance for the economic development of India. It has been the endeavour of the Government to put in place an enabling and investor friendly FDI policy.

Voluntary Tax Audit u/s 44AB of Income Tax Act, 1961. Is it possible ?

January 1, 2021 29475 Views 1 comment Print

Wondering if you can voluntarily get a Tax Audit Report u/s 44AB of the Income Tax Act, 1961? Find out the answer and the benefits of doing so.

Import of Services received from Supplier having Fixed Establishment in India is taxable under GST

January 1, 2021 3546 Views 1 comment Print

What is Fixed Establishment under GST? According to Section 2(7) of IGST Act, “fixed establishment” means a place (other than the registered place of business) which is characterised by a sufficient degree of permanence and suitable structure in terms of human and technical resources to supply services or to receive and use services for its […]

Refund of IGST paid on export of services: Blunder of GSTN system

January 1, 2021 24327 Views 7 comments Print

1. GST law provides for the refund of IGST paid on export of services on realization of payment. The same shall be done by filing of Form-RFD-01 online on the GST portal of the claimant within the prescribed period of 2 years from the relevant date. 2. Relevant date in such case will be calculated […]

Concept of Retirement by Rotation section 152(6)- Companies Act 2013

January 1, 2021 193248 Views 3 comments Print

Section 152(6) is applicable on public companies which means private companies are out of the ambit of retirement by rotation. It states that unless it is provided by the articles of the company, 2/3rd directors are liable to retire by rotation and 1/3rd are liable to retire at every general meeting after the meeting at […]

Board’s Report Disclosure requirement as per Companies Act, 2013

January 1, 2021 6903 Views 0 comment Print

Disclosure in Board’s report as on December 2020 – Hereinbelow list of all the disclosure requirement in Board’s report as per Companies Act, 2013 along with amendments time to time. Clause Section 134(3) Amendments a the extract of the annual return as provided under sub-section (3) of section 92 Companies (Amendment) Act, 2017 – W.e.f. […]

Search Post by Date
June 2026
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930