"20 April 2021" Archive - Page 4

Gift vouchers are neither goods nor services, but instruments used as consideration for payment – Controversy Saga Continues

The AAAR, Tamil Nadu in the matter of Kalyan Jewellers India Ltd. [Order-in-Appeal No. AAAR/11/2021 (AR), dated March 30, 2021] modified the order passed by the AAR, Tamil Nadu to the extent that vouchers are neither good nor service and the Central Goods and Services Tax Act, 2017 (CGST Act), recognized it as an instrument […]...

Read More

CIRP not available for defaults during COVID-19 period & default of less than Rs.1 crore

To achieve objectives of Code, CIRP is not available in respect of defaults arising during COVID-19 period and default of less than Rs.1 crore. There are several laws which regulate ‘Insolvency Resolution’ for Companies in India. These include (i) Sick Industrial Companies Act, 1985, (ii) Recovery of Debt Due to Banks and Financial ...

Read More

Formation of new district in Tamil Nadu –Assignment of Lead Bank Responsibility

RBI/2021-22/22 FIDD.CO.LBS.BC.No.09/02.08.001/2021-22 20/04/2021

he Government of Tamil Nadu vide Gazette Notifications G.O.Ms. No.797 dated December 28, 2020 had notified the formation of a new district in the State of Tamil Nadu. It has been decided to assign the lead bank responsibility of the new district as under:...

Read More

ROC e-form Compliance Tracker for Financial Year 2021-22

ROC Compliance Tracker with Mandatory/ Applicability/ Category based e-forms for the Financial Year 2021-22 Article explains due date of Filing Mandatory E-forms under Companies Act, 2013 which includes Form – 11, DIR -3 KYC/ WEB KYC, AOC – 4, AOC – 4 CFS , AOC- 4 XBRL, Form – 8, MGT – 7 and MGT […]...

Read More

Appointment of Managing Director under Company Law

Article explains Appointment of Managing Director (New Person), Rules and Section under Company Law Applicable to Appointment of Managing Director, Definition of Managing Director under Section 2(54) of Companies Act, 2013, Important Pre- Requites for Appointment of Director as Managing Director under Companies Act, 2013, Procedure for Ap...

Read More

ITAT deletes substantive & protective additions for AMP expenditure

Amadeus India Pvt Ltd Vs A.C.I.T (ITAT Delhi)

Amadeus India Pvt Ltd Vs A.C.I.T (ITAT Delhi) This appeal by the assessee is preferred against the order dated 29.10.2018 framed u/s 143(3) r.w.s 144C(13) of the Income tax Act, 1961 [hereinafter referred to as ‘The Act’ for short] pertaining to A.Y 2014-15. 2. The grievance of the assessee can be summarised as under: 1) [&hel...

Read More

Anti-dumping investigation on imports of ‘Plain Medium Density Fibre Board

Case No. ADD-OI-11/2020 20/04/2021

Case No. ADD-OI-11/2020 Anti-dumping investigation concerning imports of ‘Plain Medium Density Fibre Board having thickness less than 6mm’ originating in or exported from Vietnam, Malaysia, Thailand and Indonesia....

Read More

JNCH: Submission of documents for specified items of work through e-mail

Public Notices No. 35/2021-JNCH 20/04/2021

OFFICE OF THE PR. COMMISSIONER OF CUSTOMS (NS– I), APPRAISING MAIN (IMPORT) JAWAHARLAL NEHRU CUSTOM HOUSE, SHEVA, TAL- URAN, DISTRICT- RAIGAD, MAHARASHTRA-400707 (email : [email protected] Telephone No: 022-27244979) फा सं/FN. S/22-Gen-20/2020-21/AM (I)/JNCH Dated: 20.04.2021 PUBLIC NOTICE NO. – 35/2021 DIN- 20210...

Read More

IRDAI (Manner of Assessment of Compensation to Shareholders or Members on Amalgamation) Regulations, 2021

F. No. IRDAI/Reg/4/176/2021 20/04/2021

These regulations may be called the Insurance Regulatory and Development Authority of India (Manner of Assessment of Compensation to Shareholders or Members on Amalgamation) Regulations, 2021....

Read More

Implementation of PMT-03 to re-credit the ITC sanctioned as refund

Advisory No. 8/2021- Refunds 20/04/2021

he PMT-03 functionality available at present in the online refund module is only for re-crediting of the rejected amount that has been debited at the time of filing of refunds. In order to enable the operationalisation of re-crediting of ITC sanctioned as refund towards tax wrongly paid or paid in excess by debiting the credit ledger, a n...

Read More

Search Posts by Date

June 2021