"11 March 2021" Archive - Page 2

Legal requirements for selling goods or services through social media platforms like Instagram, Facebook, YouTube etc.

Legal requirements for selling goods or services through social media platforms like Instagram, Facebook, YouTube etc. We all have presence in social media. It keeps us connected and makes us approachable. One of the most important & emerging area in Social media would certainly be selling goods or services through Social media networ...

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Maharashtra budget 2021- Concession in Stamp Duty to Women

Concession in Stamp Duty by 1 percent over the prevailing rate exclusively to Women, provided the transfer of house property or registration of sale deed is in the name of women. Increasing State Excise Duty to Rs. 220 percent of manufacturing cost or Rs. 187 per proof litre whichever is high on branded country liquor only....

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DGGI Gurugram officials arrest man for ITC fraud of Rs 43 crore

DGGI Gurugram Zonal Unit (GZU), Haryana, has arrested Shri Ravinder Kumar (aka Ravinder Garg), resident of New Delhi on charges of creating and operating fictitious firms on forged documents which were used in availing of and passing on Input Tax Credit on bogus Invoices without actual receipt and supply of goods or services....

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I-T Dept searches 2 handling cash of others on commission basis

The Income Tax Department carried out search and seizure operation on 10.03.2021 on two separate persons based in Kolkata, who are engaged in handling of cash of others on commission basis. The search was carried out based on intelligence gathered by the Department....

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Restoration of Membership for ICSI Members

Only User name (which is Associate/Fellow membership no. for example A12345 / F1234) is required. Form-BB is also available there. The same is to be downloaded, filled, signed and uploaded. Thereafter payment of the requisite amount being shown be made....

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Why capital gain tax on jewellery

Under the Income-tax Act, 1961, Originally jewellery was treated as personal effects (you can simply understand personal effects as movable property of any kind for personal use of the assessee or any member of family of the assessee dependent on him) like other personal effects (e.g. cars, furnitures, wearing apparels, mobiles, televisio...

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GST Impact on Exporters

India is the part of WTO agreement, wherein it was agreed by all the countries that taxes will not be exported. In other words, tax will not be part of value of cost & services which is getting exported. One of the objective as mentioned in Para 1.06 of Foreign Trade Policy  2015-19 on the […]...

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IFSC International Retail Business Development Committee Report

The IFSC can become an important gateway for international investors and businesses to access and participate in the India growth story. This role is currently played by other regional financial centres in Asia, the Middle East, and Europe....

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Reg. Anti Dumping Duty on import of ‘Ciprofloxacin Hydrochloride’

Notification No. 13/2021-Customs (ADD) [[G.S.R. 167(E).] 11/03/2021

Whereas, in the matter of ‘Ciprofloxacin Hydrochloride’ (hereinafter referred to as the subject goods), falling under tariff item 2941 90 30 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975)...

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12% Interest on delayed excise duty refund allowable from deposit date till its realization

J. K. Cement Works Vs Commissioner, Central Excise, Central Goods and Service Tax (CESTA Delhi)

J. K. Cement Works Vs Commissioner, Central Excise, Central Goods and Service Tax (CESTA Delhi)  Conclusion: Adjudicating Authority was directed to grant interest from the date of deposit till the date of grant of a refund at the rate of 12% per annum. Such interest on refund should be granted within a period of 60 […]...

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