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Archive: 06 March 2021

Posts in 06 March 2021

E-invoicing – Request for immunity to dealers upto 31.03.2021

March 6, 2021 10461 Views 0 comment Print

E-invoicing for dealers having turnover above certain limits in any Preceding any Financial year from 2017-18 onwards- Request for giving immunity to these dealers up to 31st. March 2021.

Brief of Process For Initiating Insolvency Resolution Process By Operational Creditor Under IBC, 2016

March 6, 2021 13185 Views 0 comment Print

Insolvency and Bankruptcy Code (IBC) seeks to provide resolution to a Corporate Person and also Individuals or partnership firms in case of default is made by such persons in making payment which is due and payable to another person. The code for the purpose of Corporate person operates with the object to initially try and […]

Post Office Savings Scheme

March 6, 2021 6582 Views 1 comment Print

To cultivate the habits of savings among customers Post offices offers various savings schemes to their customers, i.e. Post office Savings Account, National Savings Recurring Deposit Account, National Savings Monthly Income Accounts, Senior Citizen Savings Schemes Account, Public Provident Fund Account, Sukanya Samriddhi Account, National Savings Certificates, Kisan Vikas Patra. Some of these schemes are […]

Liquidated Damage- No Service Tax on Penalty for Un-authorize Use of Electricity

March 6, 2021 1608 Views 0 comment Print

Liquidated Damage- No Service Tax on Penalty for Un-authorize Use of Electricity 2021 (2) TMI 821 – CESTAT New Delhi in M.P. Poorva Kshetra Vidyut Vitran Co. Ltd. Versus Principal Commissioner CGST And C.E Bhopal Facts of the Case Appellant is engaged in the business of distribution of electricity. In the course of business, certain […]

Representation with respect to ‘Faceless Appeal Scheme’

March 6, 2021 10017 Views 0 comment Print

Representation with respect to ‘Faceless Appeal Scheme’ proposed to be introduced in the functioning of Income Tax Appellate Tribunal (ITAT), by the Finance Bill 2021

Reg. ICAI relaxation in Requirement To undergo 8 Months Study Period

March 6, 2021 954 Views 0 comment Print

Board of Studies The Institute of Chartered Accountants of India 5th March, 2021 ANNOUNCEMENT Sub: Relaxation in the requirement to undergo 8 months Study Period to appear in November, 2021 Intermediate Examination in respect of students who had opted-out from November 2020 Examinations and opted for January 2021 examination after passing January, 2021 Foundation Examinations. […]

Guiding Principles For Uniform National-Level Regulation of Online Fantasy Sports Platforms In India

March 6, 2021 828 Views 0 comment Print

The Government of India constantly endeavors to leverage technology and innovation towards maximizing country’s potential & economic growth. With a targeted, outcome-based approach and government’s support, emerging technologies are already causing largescale shift across several sectors driving innovation, entrepreneurship, and job creation. One such sector that has witnessed noticeable growth in recent years is Fantasy Sports.

ICAI: Special Exams for candidates under MRAs/MoUs with Foreign Accounting Bodies

March 6, 2021 2842 Views 0 comment Print

Special Examination for Members of Foreign Accounting Bodies with whom the ICAI had entered into Mutual Recognition Agreement (MRA) / Memorandum of Understanding (MoU)

Dormant V/s Defunct Companies

March 6, 2021 24987 Views 0 comment Print

Article explains What is dormant Company, What is a defunct company, Status of a Defunct Company, Process To Apply For Dormant Status, Conditions for obtaining the status of dormant company, Dormant Company Compliances requirement, What are the benefits and exemptions provided to a dormant company and How to reactivate a Dormant company? What is dormant […]

Start Up- Meaning, Eligibility Criteria, Benefits, Registration & fees

March 6, 2021 5109 Views 0 comment Print

Article explains Meaning of Start Up, Key Points To Understand a Start up, Eligibility Criteria for Startup Recognition, Some Benefits of start up and Registration and fees of Start-up. Meaning of Start Up A startup or start-up is a company or project initiated by an entrepreneur to seek, effectively develop, and validate a scalable business […]

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