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Archive: 25 January 2021

Posts in 25 January 2021

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 7002 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

FM inaugurates Chennai Bench of NCLAT

January 25, 2021 501 Views 0 comment Print

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman inaugurated the Chennai Bench of National Company Law Appellate Tribunal (NCLAT) through virtual mode here today.

Changes by CBIC for implementing Tariff Rate Quota (TRQ) licenses

January 25, 2021 897 Views 0 comment Print

This week we turn to the changes that have been made by CBIC for implementing the Tariff Rate Quota (TRQ) licenses issued by DGFT, To make the process digital and secure, a mechanism to receive the TRQ licenses electronically from DGFT has been implemented and enabled by DG Systems.

HC Stays Service Tax payment on Mining lease/Royalty

January 25, 2021 3213 Views 0 comment Print

Zeenath Transport Company Vs Principal Additional Director General (Karnataka High Court) The petitioner is challenging the constitutional validity of Section 174 Central Goods and Services Tax Act, 2017 is ultra virus the constitutional (101st) Amendment Act 2016 being violative of Article 14/19/265 of the Constitutional of India and also sought for quashing the show cause […]

Monetary Policy Transparency & Anchoring of Inflation Expectations in India

January 25, 2021 345 Views 0 comment Print

RBI placed on its website a Working Paper titled Monetary Policy Transparency and Anchoring of Inflation Expectations in India under the Reserve Bank of India Working Paper Series.

Regional Economic Convergence in Manufacturing Sector: An Empirical Reflection

January 25, 2021 363 Views 0 comment Print

RBI placed on its website a Working Paper titled Regional Economic Convergence in the Manufacturing Sector: An Empirical Reflection under the Reserve Bank of India Working Paper Series

RBI releases Booklet on Payment Systems in India

January 25, 2021 1758 Views 0 comment Print

The Reserve Bank today released the Booklet on Payment Systems covering the journey of Payment and Settlement Systems in India during the second decade of the millennium, viz., from the beginning of 2010 till the end of 2020.

Synopsis of the Companies (Amendment) Act, 2020

January 25, 2021 5652 Views 0 comment Print

The Companies (Amendment) Act, 2020 got the assent of Hon’ble President as on September 28, 2020.On  September 19, 2020 Lok Sabha passed the Companies (Amendment) Bill, 2020 and on September 22, 2020 it was passed by the Rajya Sabha. There are amendments in 61 sections in the Act and 4 sections have been newly inserted […]

Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2021

January 25, 2021 2712 Views 0 comment Print

14A. Special provision.—Where a nationalised bank is required by law to do any act or thing and in order to do so the recommendations or determination of, or resolution of grievances of security holders by, or in respect of any appointment, approval or review by any Committee of the Board of the bank is required, and if the Board is satisfied that quorum for meeting of such Committee cannot be met on account of either existence of any vacancy in such Committee or recusal by member thereof, the Board may do that act or thing

Further Enhancements in ICES in respect of Faceless Assessment

January 25, 2021 981 Views 0 comment Print

Continuing with the spirit of system-based facilitation and furthering better administration of the process of Faceless Assessment, following more enhancements have been enabled in ICES.

Unjust enrichment Principle not applies to pre-deposit under protest during appeal pendency

January 25, 2021 2196 Views 0 comment Print

The Daily Thanthi Vs Commissioner of Customs (Madras High Court) High Court held that amount deposited during the pendency of the appeals before the Hon’ble Supreme Court has to be construed as having paid ‘under protest’ and has to be refunded without insisting on such importer or manufacturer satisfying the requirement of “unjust enrichment” as […]

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