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Archive: 03 May 2021

Posts in 03 May 2021

Sunset Review investigation concerning imports of ‘Methyl Acetoacetate’

May 3, 2021 363 Views 0 comment Print

Case No. SSR-21/2020 Sunset Review investigation concerning imports of ‘Methyl Acetoacetate’ originating in or exported from China PR.

Anti-subsidy investigation concerning imports of Fiberboards

May 3, 2021 810 Views 0 comment Print

CASE No. CVD 06/2019 Anti-subsidy investigation concerning imports of Fiberboards originating in or exported from Indonesia, Malaysia, Thailand, Vietnam and Sri Lanka.

Information on various guidelines/circulars/directions applicable for undertaking non-core activities by an FC/FU

May 3, 2021 465 Views 0 comment Print

International Financial Services Centres Authority CIRCULAR F. No 172/ IFSCA/Finance Company/Unit Regulations/2021-22/5 May 03, 2021 To, All Finance Company’s / Finance Units in the International Financial Services Centre (IFSC) Subject: Information on various guidelines/circulars/directions applicable for undertaking non-core activities by an FC/FU The Finance Company/Finance Unit(FC/FU) may draw reference to regulation 5 (1) (iii) on […]

Guidelines on distribution of mutual funds & insurance products by Finance Company /Finance Unit

May 3, 2021 558 Views 0 comment Print

This circular shall apply to all FC/FU as the case may be, registered with the Authority under section 3 of IFSCA (Finance Company) Regulations, 2021 and who intends to undertake the above mentioned activities. Further, the circular shall remain applicable as amended by the Authority from time to time.

Delhi HC issues notice to Govt on plea seeking Tax Compliance due date Extensions

May 3, 2021 705 Views 1 comment Print

Society For Tax Analysis and Research filed a writ with Delhi High court seeking various reliefs in terms of extensions for filing compliances under various Acts, including the Income Tax Act, 1961, the Goods and Services Tax Act, 2017, the Employees Provident Fund & Miscellaneous Provisions Act, 1952, the Employees State Insurance Act, 1948 and other Labour Laws, owing to the second wave of the Covid-19 pandemic.

IFSCA – Prudential Regulations and activity specific guidelines

May 3, 2021 450 Views 0 comment Print

International Financial Services Centres Authority CIRCULAR F. No 172/ IFSCA/Finance Company/Unit Regulations/2021-22/3 May 03, 2021  To, All Finance Company’s / Finance Units in the International Financial Services Centre (IFSC) Subject: Prudential Regulations and activity specific guidelines Finance Company/Finance Unit (FC/FU) may draw reference to regulation 4 on applicable prudential regulations and regulation 5 on permissible activities, of the International Financial Services Centres Authority (Finance Company) Regulations, 2021 (herein referred to as ‘Regulations’) dated March 25, […]

Damodar Valley Corporation is ‘Government Entity’ for GST: AAR

May 3, 2021 1608 Views 0 comment Print

In re Damodar Valley Corporation (GST AAR West Bengal) Whether ‘Damodar Valley Corporation’ is covered under the definition of the term ‘Government Entity’ Damodar Valley Corporation shall be covered under the definition of ‘Government Entity’ in terms of Notification No. 11/2017-Central Tax (Rate), dated the 28th June, 2017 [as amended by Notification No. 31/2017-Central Tax […]

Summary of Covid-19 Relief Measures under GST

May 3, 2021 10305 Views 0 comment Print

In view of the spread of pandemic COVID-19 across many parts of India & challenges faced by Taxpayers, the Government vide Notification Nos. 08/2021- Central Tax, 09/2021- Central Tax, 10/2021- Central Tax, 11/2021- Central Tax, 12/2021- Central Tax, 13/2021- Central Tax, 14/2021- Central Tax, 01/2021 – Integrated Tax & 01/2021 – Union Territory Tax dated […]

Annual filing for Limited Liability Partnerships (LLP Returns)

May 3, 2021 21687 Views 11 comments Print

LLP or the Limited Liability Partnership is a hybrid combination of a Private limited company and partnership Firm. Minimum two partners are required to incorporate an LLP, there is no such upper limit. Every LLP has to file certain mandatory returns. LLP Annual Filing requirements varies based on the date of registration of LLP. Filing […]

Fake GST Invoice: HC Grants Bail to accused of Rs. 9.6 Cr Tax Evasion

May 3, 2021 2067 Views 0 comment Print

Suprimkumar Jitendrabhai Patel Vs State of Gujarat (Gujarat High Court) 1. Heard the learned advocates for the respective parties through video conferencing. 2. The present application is filed under Section 439 of the Code of Criminal Procedure, 1973 in connection with File No. CCST/STO/ENF/FSU­9/SUPRIM PATEL/2020­21/B.1 registered with the Office of Chief Commissioner of State Tax, Gujarat […]

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