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Archive: April, 2021

Posts in April, 2021

CS Benevolent Fund reimbursing Covid-19 treatment expenses

April 28, 2021 2673 Views 0 comment Print

We wish to bring to the kind notice of all Members that Company Secretaries Benevolent Fund (CSBF) is reimbursing the medical expenses, in deserving cases, incurred by the CSBF Life Members towards Covid-19 treatment upto Rs.75,000/- (limited to Rs.50,000/- till completion of 3 years of subscription).

Indian Red Cross Society imports of relief materials related to COVID-19 pandemic

April 28, 2021 1137 Views 0 comment Print

All permissions / licenses / authorizations required from other Government Departments / Agencies prior to the clearance of goods, if any, are deemed to have been given in respect of such imports in terms of this Instruction. In other words, these cases would not need to be referred to those agencies or the requirement may be suitably waived. This point must be implemented without exception.

Employees’ Deposit-Linked Insurance (Amendment) Scheme, 2021

April 28, 2021 19908 Views 5 comments Print

This Scheme may be called the Employees’ Deposit-Linked Insurance (Amendment) Scheme, 2021. It shall come into force on the date of its publication in the Official Gazette, except sub-clause (iv) of clause (b) of paragraph 2, which shall be deemed to have come into force on the 1 5th day of February, 2020.

GST on Various Services provided by Tiruppur City Municipality

April 28, 2021 2151 Views 0 comment Print

In re Tiruppur City Municipal Corporation (GST AAR Tamilnadu) Q.1. Advance ruling is required in respect of Sl No 1 to 5, 7 to 9, as to whether the services rendered by us directly are covered under Twelfth Schedule to Article 243W of the Constitution and /or exempted under the Notfn. No mentioned against each Sl […]

AAR explains GST on Various services provided by Municipality

April 28, 2021 6859 Views 0 comment Print

In re Erode City Municipal Corporation (GST AAR Tamilnadu) Q1. Advance ruling is required in respect of Sl No 1 to 6, 8,9 & 13 whether the services rendered by us directly are covered under Twelfth Schedule to Article 243W of the Constitution and / or exempted under the Notfn. No mentioned against each SI […]

GST on construction of Residential Real Estate Project other than affordable residential apartments’

April 28, 2021 6690 Views 0 comment Print

In re Ashiana Housing Limited (GST AAR Tamilnadu) Whether the activities of construction carried out by the applicant for its customer under the Construction Agreement, being composite supply of works contract are appropriately classifiable under Heading 9997, and chargeable to CGST @ 9% under S. No. 35 of Notification No.11/2017- CT(Rate) dated 28.06.2017. The Proposed […]

ICSI calls members to help CS fraternity to overcome pandemic

April 28, 2021 489 Views 0 comment Print

You are aware of the critical times the nation is going through. In the wake of the phenomenal surge of the Covid pandemic, most of the States are grappling to provide optimum care and treatment to people with serious illness due to shortage of hospital/ICU beds, oxygen, essential medicines, vaccine etc. It is imperative for all of us as good Samaritans and responsible citizens to join in the monumental efforts of the government to deal with the pandemic.

Committee on ARCss invites views & suggestions from stakeholders

April 28, 2021 435 Views 0 comment Print

As part of the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on April 7, 2021, the Reserve Bank of India had announced setting up of a Committee to undertake a comprehensive review of the working of Asset Reconstruction Companies (ARCs) in the financial sector ecosystem and recommend suitable measures for enabling such entities to meet the growing requirements of the financial sector.

Delay in Tax refund: HC Restrains authorities from declaring company as defaulter under SVLDR Scheme

April 28, 2021 1023 Views 0 comment Print

The respective authorities was restrained from declaring Company as a defaulter under the SVLDR Scheme and from from taking any coercive action against the Directors, Officials of company as the Income Tax department did not release the refund due to assessee and therefore, assessee could not pay the amount determined by the Designated Committee under the SVLDRS.

Standard Procedure For QRMP Frequency Selection – Last Date 30-04-2021

April 28, 2021 3111 Views 0 comment Print

Article explains Reasons why you should select Monthly GST Return & Payment System Frequency  instead of Quarterly GST Return & Payment System QRMP and Standard procedure for or QRMP Frequency Selection for those who are having Average Annual Turnover (AATO) below Rs. 5 crore in FY 2020-21. Logical Reasons why to select ‘Monthly’ even if […]

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