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Archive: 20 April 2021

Posts in 20 April 2021

Maharashtra Imposes stricter Lockdown from 8 PM on 20th April, 2021

April 20, 2021 7767 Views 0 comment Print

All Groceries, Vegetables Shops, fruit vendors, dairies, bakeries, confectionaries, all type of food shops (including chicken, mutton, poultry, fish and eggs), shops related to agricultural implements and farm produce, pet food shops, shops related to materials for impending rainy season for individuals as well as for organisations to be open only between 7 AM to 11

GST Payable on Rice Sell even if Brand name not registered

April 20, 2021 7890 Views 0 comment Print

Sarvasiddhi Agrotech Pvt. Ltd Vs Union of India (Tripura High Court) We do not find any error in the view of the authorities. Firstly, the conclusions of these authorities are based on assessment of materials on record. Secondly, the seizure of sizable quantity of packaged branded rice was an indication of the petitioner dealing in […]

Cabinet approves MRA/MOU between ICAI & Institute of Australia & New Zealand

April 20, 2021 5823 Views 0 comment Print

Cabinet approves Mutual Recognition Agreement between the Institute of Chartered Accounts of India and the Certified Practising Accountant, Australia and Memorandum of Understanding between the Institute of Chartered Accountants of India and Chartered Accountants Australia and New Zealand. Cabinet Cabinet approves Mutual Recognition Agreement between the Institute of Chartered Accounts of India and the Certified […]

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Interest income

April 20, 2021 92997 Views 0 comment Print

The reporting entities are advised to provide information of interest income, reported to Income Tax Department, to the account holder (in the form of Interest Certificate either through email or portal) which will enable taxpayers to reconcile the information displayed in the Annual Information Statement (AIS) (Form 26AS).

Format, Procedure and Guidelines for submission of Statement of Financial Transactions  (SFT) for Dividend income

April 20, 2021 105852 Views 5 comments Print

The reporting entities are advised to provide information of dividend income, reported to Income Tax Department, to the taxpayers which will enable them to reconcile the information displayed in the Annual Information Statement (AIS) (Form 26AS).

Determining costing in Service Industry

April 20, 2021 25650 Views 0 comment Print

I. Introduction: Determining costing in a service industry is an essential concept since every service organization needs to ascertain its business overheads as service sector companies provide their customers with services or intangible products. Put simply, the term service costing or operational costing refers to the computation of the total operational cost incurred on each […]

FSSAI issue directions for facilitating food businesses during COVID-19

April 20, 2021 1452 Views 0 comment Print

To facilitate the continuity of food business operations during the prevailing COVID-19 outbreak, the Food Safety & Standards Authority of India (FSSAI) has taken immediate steps to ensure uninterrupted food services/supply during the current scenario.

Extend time for completing compliances under GST

April 20, 2021 22725 Views 3 comments Print

Hon’ble Madam, we are approaching your honour with a humble request to extend the time for statutory compliances under Goods and Services Tax. The due date for filing GSTR-3B (Monthly Return) is today. Due date for filing GSTR-1 was 11th of April for the monthly details of March, 2021.

Delhi HC extends interim Orders till 16.07.2021 or until further orders

April 20, 2021 9996 Views 0 comment Print

Court On Its Own Motion Vs State (Govt. of NCT of Delhi) (Delhi High Court) Taking suo moto cognizance of the alarming resurgence of Covid-19, under Article 226 & 227 of the Constitution of India, it is hereby ordered that in all matters pending before this court and courts subordinate to this court, wherein such […]

Measures to Prevent/Control Covid-19 in Prisons/Correctional Homes

April 20, 2021 339 Views 0 comment Print

It is of utmost importance to follow test-track-treat protocol, which includes aggressive testing for early detection of Covid-19 positive cases, timely isolation and treatment. The prison authorities, in consultation and coordination with state health authorities, may ramp up testing in jails – both at the point of entry as well as regular testing of inmates as well as jail staff.

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