"12 April 2021" Archive - Page 5

GST department withdraws summon issued without application of mind

Ankit Bindal Vs Pr. Commissioner of Central Goods And Services Tax Delhi North (Delhi High Court)

Ankit Bindal Vs Pr. Commissioner of Central Goods And Services Tax Delhi North (Delhi High Court) Delhi HC Stays Impugned Summons and Withdrawn Finally Being Indiscriminate A. Petitioners’ challenged summons issued by CGST, North Delhi Commissionerate on the grounds that:- 1. Summons are vague and require Petitioners’ to produce docum...

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Taxpayer’s Charter- Obligations & Expectation of Income Tax Dept.

The Income Tax Department is committed to 1. Provide fair, courteous, and reasonable treatment. The Department shall provide prompt, courteous and professional assistance in all dealings with the taxpayer. 2. Treat taxpayer as honest The Department shall treat every taxpayer as honest unless there is a reason to believe otherwise. 3. Prov...

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Bank Audits 2021- Decoding Agriculture Advances

by the Banking Institutions. The lending to agriculture sector include Farm Credit (Agriculture and Allied Activities), lending for Agriculture Infrastructure and Ancillary Activities. Farm Credit – Individual farmers Loans to individual farmers and Proprietorship firms of farmers, directly engaged in Agriculture and Allied Activiti...

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Trusts – Be eligible to receive CSR

As per guidelines issued by MCA, From 1st April 2021, CSR Funding will be released only to that NGOs, Trusts, Religious Trusts, Societies, 12AA registered entities, 80 G granted entities, Section 8 Company that are registered with MCA by filing Form CSR-1.So, if such institutions willing to receive CSR Funding then it is mandatory for [&h...

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NGO Darpan Registration – Darpan ID -FAQs

Dear Friends, as we all know from past few years the Government departments are collecting many information from each entity/NGOs, so that a reliable database can be maintained. In this step, Niti Aayog department has launched NGO Darpan portal to maintain a centralized database of NGOs working in India. If you want to raise funding [&hel...

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Weekly newsletter from Chairman, CBIC dated 12/04/2021

D.O.No.62/CH(IC)/2020 12/04/2021

There has been encouraging news from Kolkata on the trade facilitation front. On the 7th of April, our officers cleared the second riverine protocol route for exports from Bangladesh to India. A barge laden with 40,000 cartons of food products started its journey from Palash in Bangladesh and reached Kolkata in eight days after travelling...

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Mandatory Registrations for NGOs after 01.04.2021

Mandatory Registrations for NGOs after 01.04.2021 – Form CSR-1, Section 80G and Section 12AB of Income Tax Act As per Notification issued by Ministry of Corporate Affairs dated 22nd January 2021, it is mandatory for all NGO’s which wants to raise CSR Funding to enrol with MCA w.e.f 01/04/2021 to get CSR Funding. And Filing […]...

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July 2022