Luxe Trading And Holding (India) Pvt. Ltd. Vs ITO (ITAT Delhi) From a perusal of the reasons, it is seen that the notice u/s. 148 of the Act has been issued mechanically without application of mind and the satisfaction by the Assessing Officer is only the borrowed satisfaction of the Investigation Wing. The Assessing Officer, […]
Reserve Bank of India vide its statutory powers vested has issued the above directions which are applicable to all scheduled commercial banks (excluding Regional Rural Banks), Small finance banks, Payments banks and Credit card issuing NBFCs. They are reproduced from their website as under for those who intend referring to these complex technical directions. https://taxguru.in/rbi/master-direction-digital-payment-security-controls.html […]
As per the Companies (Prospectus and allotment of Securities) Rules, 2014 Every unlisted public company shall apply for separate ISIN for each type of security on or before 2nd day of October 2018 ISIN (International Securities Identification Number) is a unique 12-digit alphanumeric identification number allotted for a security Equity fully paid up, equity-partly paid […]
Notification No. 21/2021-Customs (N.T./CAA/DRI), Dated: 23.02.2021 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (Directorate of Revenue Intelligence) New Delhi, the 23rd February, 2021 Notification No. 21/2021-Customs (N.T./CAA/DRI) S.O. 888(E).—In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June 2015 in Gazette of India, Extraordinary, Part-II, […]
Notification No. 20/2021-Customs (N.T./CAA/DRI), Dated: 23.02.2021 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (Directorate of Revenue Intelligence) NOTIFICATION New Delhi, the 23rd February 2021 Notification No. 20/2021-Customs (N.T./CAA/DRI) S.O. 887(E).—In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4thJune 2015 in Gazette of India, Extraordinary, […]
Sales Tax Bar Association has requested for extension of time to file annual returns in FORM GSTR – 9 and Audit returns in FORM GSTR-9C for the year 2019-20. SALES TAX BAR ASSOCIATION (REGD.) Office: IInd Floor, Department of Trade & Taxes, Vyapar Bhawan, Indraprastha Estate, New Delhi-110002 EPABX No: 23352310 to 14 Extn No: […]
The focus on Non-Corporate Entities and scrutiny thereof by various regulators, financial institutions and others are increasing year on year. In this scenario as well as for the long term it is crucial for these Entities to strictly adhere to the various requirements in law and spirit. Understanding the need for regular audit and accounts […]
Attention GST Taxpayers who have opted for QRMP Scheme! Deposit due tax liability for January, 2021 by using Form/Challan PMT-06 before the due date February 25, 2021 as Latyye Payment will attract Interest. Please note that registered persons, opting to file quarterly GSTR-3B return under QRMP scheme, are required to pay tax due in M1 […]
CBIC notifies vide Notification No. 03/2021-Central Tax dated 23rd February, 2021 that Aadhar authentication under sub-section (6B) or sub-section (6C) of section 25of CGST Act, 2017 shall not apply to a person who is, (a) not a citizen of India; or, (b) a Department or establishment of the Central Government or State Government; or (c) […]
GST on ocean freight and scope of delegated legislation (This article focuses only a limited aspect; “Delegated legislation can be held to be invalid when it is inconsistent with the parent Act.”) “No, Executives. You can’t overstep”. Perhaps, this is the single most essence of the judgement of the Hon’ble Gujarat High Court in Mohit […]
