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Archive: 12 April 2021

Posts in 12 April 2021

SEBI revises Reporting Formats for Mutual Funds

April 12, 2021 1362 Views 0 comment Print

Based on the consultation with industry the formats for the following reports i.e. reports to be submitted by AMCs to Trustees, by AMCs to SEBI and by Trustees to SEBI have been reviewed and revised

Analysis of provisional Gross Direct Taxes collected during FY 2020-21

April 12, 2021 1761 Views 0 comment Print

Gross Direct Taxes collected during FY 2020-21 (before adjustment of refunds) are approximately Rs. 12.06 lakh crore (provisional). The major contributors : Corporation Tax (CIT) Rs. 6.31 lakh crore & Personal Income Tax (PIT) Including Security Transaction Tax (SIT) Rs. 5.75 lakh crore approximately. Here is the composition of the Gross collections of Direct Taxes […]

CAIT suggests Measures to control rapid escalation of COVID pandemic

April 12, 2021 267 Views 0 comment Print

Clamping Lockdown is certainly not a solution since the trade and commerce is still struggling to recover from the losses of the previous lockdown of 2020. On the one side effective steps am needed to stop increase in COVID cases whereas on the other hand the economic and commercial activities should also continue by observing COVID safety protocols in a strict manner.

SEBI cautions investors against impersonation

April 12, 2021 237 Views 0 comment Print

SEBI cautions investors against such impersonations and further advises as under: Beware of emails / any other communication impersonating employees of SEBI and refrain from responding to such emails / communication. The only official and genuine website of SEBI, where an investor can file his/her complaint is and members of public are advised to be careful and not get misled by fake websites with similar addresses, fake logos / similar looking domains and email ids, etc.

Representation for extension of certain due dates in GST Law

April 12, 2021 14664 Views 1 comment Print

Central Gujarat Chamber of Tax Consultants has made a representation to Finance Minister and requested for extension of due dates of GSTR-1 of monthly tax payers for the month of March ’21, GSTR-1 of quarterly taxpayers who have opted for QRMP scheme for the quarter Jan-Mar ‘ 21, CMP-08 for composition taxpayers for the quarter […]

GePP – GST e -Invoice Preparing and Printing Tool

April 12, 2021 12621 Views 0 comment Print

The GST Council has approved introduction of ‘E-invoicing’ or ‘electronic invoicing’ in a phased manner for reporting of business to business (B2B) invoices to GST System.

Income Tax Rules: Compliance related to Tax Deduction at Source

April 12, 2021 6084 Views 0 comment Print

Ensure compliance with income tax rules for tax deduction at source. Learn about the vital rules and procedures to follow for TDS.

Anti-dumping duty on imports of Normal Butanol or N-Butyl alcohol

April 12, 2021 2253 Views 0 comment Print

CBIC imposes anti-dumping duty on imports of Normal Butanol or N-Butyl alcohol originating in or exported from European Union, Malaysia, Singapore, South Africa and United States of America for a further period of 5 years vide Notification No. 21/2021-Customs (ADD) Dated 12th April, 2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 21/2021-Customs […]

Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit- Extension

April 12, 2021 687 Views 0 comment Print

Government of India has approved the extension of Interest Equalization Scheme for pre and post shipment Rupee export credit, with same scope and coverage, for three more months i.e., upto June 30, 2021. The extension takes effect from April 01, 2021 and ends on June 30, 2021 covering a period of three months.

Shri Piyush Goyal launches “DGFT Trade Facilitation App”

April 12, 2021 894 Views 0 comment Print

Shri Piyush Goyal launches ‘DGFT Trade Facilitation App’ for Providing instant access to Exporters/Importers any-time any-where; Shri Goyal says Trade facilitation App is READY for Industry 4.0; App is a symbol of India’s Idea of Aatmanirbharta – Making governance easy, economical & accessible Calls for developing Governance Apps in various regional languages Commerce & Industry […]

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April 2021