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Archive: April, 2021

Posts in April, 2021

Development Rights – Taxability, Time And Value Of Supply

April 18, 2021 72777 Views 7 comments Print

Form in which the arrangement is entered into must be tested from the point of rights conferred on the Developer over the immovable property of the Landowner. As can be seen that no Developer would consent to investing in land that belongs to Landowners without any security from being ejected out of the project site.

Government of Maharashtra Notifies Sops For Micro Containment Zones

April 18, 2021 1074 Views 0 comment Print

This SOP is intended to lay down controls or measures for confinement of infection to designated areas and stop its spread beyond its boundary i.e. to break the chain of transmission and thus prevent its further spread.

Extend due date of MSME FORM-1, PAS-6 & Form 11-LLP: ICSI

April 18, 2021 39900 Views 1 comment Print

ICSI has written a letter to Ministry of Corporate Affairs and requested for extension of timelines due to COVID-19 of E Form – MSME FORM-1, E Form- PAS-6 and Form 11- LLP. THE INSTITUTE OF Company Secretaries of India (Under the jurisdiction of Ministry of Corporate Affairs) MCA: 2021 15th April, 2021 Shri Rajesh Verma, […]

MHA Letter to States to Prohibit Supply of Oxygen to Industry

April 18, 2021 807 Views 0 comment Print

It has recommended to prohibit the supply of Oxygen for industrial purposes by manufacturers and suppliers forthwith from 22.04.2021 till further orders, with the exception of nine specified industries.

Piyush Goyal attacks Maharashtra CM over Lack of oxygen issue

April 17, 2021 1695 Views 0 comment Print

Shri Piyush Goyal says Maharashtra has so far received the highest quantity of Oxygen in India; Currently producing 110% of Oxygen generating capacity and diverting all available Oxygen from industrial use to medical use: Shri Goyal

The Jigsaw of Pre-Packaged Insolvency for MSMEs

April 17, 2021 7293 Views 0 comment Print

The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 was promulgated by the President on the Fourth day of April 2021. The Ordinance has been introduced with the intent to provide an efficient alternative insolvency resolution process for corporate persons classified as micro, small and medium enterprises (MSMEs) thus ensuring a quicker, cost-effective and value maximizing […]

NCLAT Judgement Summary for the Month of March, 2021

April 17, 2021 5667 Views 0 comment Print

NCLAT JUDGEMENT SUMMARY FOR THE MONTH OF MARCH’ 2021 ON IBC, 2016 It gives us immense pleasure to share our 1st Edition of NCLAT Judgement Summary for the month of March’ 2021 covering summary/ gist of finding of the Hon’ble NCLAT. The Judgement summary prepared by us is for the purpose of understanding in short […]

De-linking of Debit Notes for ITC – A Judicial perspective

April 17, 2021 5238 Views 0 comment Print

Amended Section 16(4) to de-link ITC on Debit Note with Invoice fails to get stamping of Gujarat AAR in case of M/s I-Tech Plast Input tax credit is a beneficial piece of legislation but subject to various conditions and limitations prescribed under Section 16 and 17 of CGST Act, 2017. One of the conditions contained […]

Liability to pay in certain cases under Central Goods and Services Tax Act, 2017

April 17, 2021 7026 Views 2 comments Print

Liability to pay in certain cases under Central Goods and Services Tax (CGST) Act, 2017 Chapter XVI of the Central Goods and Services Tax Act, 2017 deals with liability to pay tax in certain cases, where an amount is due under the GST regime (Tax, Interest, and Penalty) which cannot be recovered from the taxpayer […]

Time period of realisation of Export Proceeds under FEMA

April 17, 2021 156463 Views 4 comments Print

FEMA UPDATE > Temporary relaxation in time period of realisation of Export Proceeds- – The Government of India as well as the Reserve Bank has been receiving representations from Exporters Trade bodies to extend the period of realisation of export proceeds in view of the outbreak of pandemic COVID- 19. – It has, therefore, been […]

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