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Archive: 01 March 2021

Posts in 01 March 2021

Voluntary disclosure not releases assessee from mischief of penalty proceedings

March 1, 2021 1332 Views 0 comment Print

Madras HC ruling favors Revenue in tax case revision, remanding penalty consideration to Assessing Officer for fresh review. Full judgment analysis.

Compliance calendar for the Month of March 2021

March 1, 2021 68925 Views 6 comments Print

Here, we have prepared a Compliance Calendar in three parts, Compliance Calendar for GST due dates of March 2021, Compliance Calendar for Income Tax Return due dates for the month of March, 2021 and ROC Compliance Calendar for the month of March, 2021.

HC dismisses VAT Assessment order passed merely based on report of Enforcement Wing

March 1, 2021 939 Views 0 comment Print

Next IT World Vs Assistant Commissioner (CT) (Madras High Court) The respondent in all the three impugned orders had stated that the Inspecting Officers had verified the relevant records and that they had correctly proved along with recorded evidence and that it was accepted by one Thiru.S.Kathir Rajan, who was the Managing Director of the […]

GST Collection during February 2021

March 1, 2021 8511 Views 2 comments Print

The gross GST revenue collected in the month of February 2021 is ₹ 1,13,143 crore of which CGST is ₹ 21,092 crore, SGST is ₹ 27,273 crore, IGST is ₹ 55,253 crore (including ₹ 24,382 crore collected on import of goods) and Cess is ₹ 9,525 crore (including ₹ 660 crore collected on import of goods).

Empanelment with ICAI to act as Examination Observer

March 1, 2021 4392 Views 0 comment Print

Empanelment Of Members To Act As Observers At The Examination Centres For The Chartered Accountants Examinations May 2021. It is proposed to empanel members to act as Observers for the forthcoming MAY – 2021 Chartered Accountants Examinations scheduled as under:

SEBI issues Consultation paper on ‘Review of Regulatory Provisions related to Independent Directors’

March 1, 2021 3351 Views 0 comment Print

SEBI has over the years, strengthened the institution of independent directors (IDs) through the recommendations of various committees as also through stakeholder consultations. However, concerns around the efficacy of independent directors as a part of corporate governance framework continue.

Government notifies cricket events of national importance

March 1, 2021 1062 Views 0 comment Print

Central Government hereby notifies the sporting events with respect to cricket, as the sporting events of national importance, namely:- 1. All official One-Day and Twenty-20 matches played by the Indian Men’s Cricket Team and such Test matches as are considered to be of high public interest by the Central Government; 2. Semi-finals and finals of Men’s World Cup and International Cricket Council Championship Trophy.

Government notifies sporting events of national importance

March 1, 2021 1818 Views 0 comment Print

Central Government hereby notifies following events as sporting events of national importance, namely:- 1. Summer Olympics 2. Commonwealth Games 3. Asian Games 4. Special Olympics

Extradition Treaty between India & Afghanistan

March 1, 2021 1053 Views 0 comment Print

The Government of the Republic of India and the Government of the Islamic Republic of Afghanistan; hereinafter referred to as contracting states; Desiring to make more effective the cooperation of the two countries in the suppression of crime by making further provision for the reciprocal extradition of offenders;

Wildlife Crime Control Bureau notified under PML Act, 2002

March 1, 2021 600 Views 0 comment Print

Central Government notifies Wildlife Crime Control Bureau In exercise of the powers conferred by clause (ii) of sub-section (1) of section 66 of the Prevention of Money-laundering Act, 2002.

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