"06 May 2021" Archive

Cenvat credit available on workmen compensation insurance policy

Dharti Dredging and Infrastructure Ltd Vs Commissioner of Central Tax (CESTAT Hyderabad)

Dharti Dredging and Infrastructure Ltd Vs Commissioner of Central Tax (CESTAT Hyderabad) Cenvat credit available on workmen compensation insurance policy – Assessee and not the workmen being the actual beneficiary: The Larger Bench of the CESTAT has held that the workmen compensation insurance policy takenby the assessee-manufacturer un...

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Posted Under: Service Tax |

HC permits manual amendment in Bill of Entry when ICES portal not supports such amendment

Hindustan Unilever Limited Vs Union of India (Madras High Court)

Hindustan Unilever Limited Vs Union of India (Madras High Court) Bill of Entry amendment in manual form when ICES portal not supports such amendment: In a case involving erroneous mention of GSTIN in the Bill of Entry, the Madras High Court has allowed manual correction. The Petitioner’s request for amendment of GSTN in Bill of [&hellip...

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CBIC Notifies Rate of Exchange of Foreign Currencies Wef 16.04.2021

Notification No.46/2021 - Customs (N.T.) 06/05/2021

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 7th May, 2021, vide Notification No. 46/2021-Customs (N.T.), Dated: 6thMay, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 46/2021 – Customs (N.T.) Ne...

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GST Council Secretariat Newsletter – April 2021

GST Revenue for April 2021 The gross GST revenue collected in the month of April, 2021 is at a record high of Rs. 1,41,384 crores, out of which, CGST is Rs. 27,837 crores, SGST is Rs. 35,621 crores, IGST is Rs 68,481 crores (including Rs. 29,599 crores collected on import of goods) and Cess is […]...

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Posted Under: Service Tax |

IRDAI fines Shriram General Insurance Company Limited

Ref. No: IRDA/ENF/ORD/ONS/123/05/2021 06/05/2021

Considering violations noticed in case of 6 sample cases, as per Section 102(b) of Insurance Act, 1938; IRDAI levies a penalty of Rs.6,00,000 (Rs.Six Lakh) on Shriram General Insurance Company Limited....

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Exclusion of ‘Lakshmi Vilas Bank’ from Second Schedule to RBI Act, 1934

Circular No. RBI/2021-22/33 DoR.RET.REC.14/12.07.150/2021-22 06/05/2021

We advise that the Lakshmi Vilas Bank Ltd has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from November 27, 2020 vide Notification DOR.PSBD.No.1849/16.01.067/2020-21 dated December 17, 2020, which is published in the Gazette of India (Part III - Section 4) dated January 16 – January 22, 2021...

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Technical Group Report on Social Stock Exchange for comments

Press Release No. 17/2021-SEBI 06/05/2021

SEBI seeks public comments on the Report Submitted by the Technical Group on Social Stock Exchange - The Technical Group has since finalized and submitted its report to SEBI. It has built upon the recommendations made earlier by the WG....

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CBDT amends Income Tax Notification No. 16/2015 dated 16.02.2015

Notification No. 49/2021-Income Tax [S.O. 1767(E).] 06/05/2021

CBDT amends vide Notification No. 16/2015 dated 16.02.2015 which  CBDT notified ‘ Godrej Agrovet Limited – Agricultural Inputs Extension Project‘ under section 35CCC of the Income-tax Act,1961 (43 of 1961) read with Rules 6AAD and 6AAE of the Income-tax Rules,1962. CBDT now amends the same vide Notification No. 49/2021 -Income ...

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DC may allow SEZ unit to work from home amid Covid-19: Govt

No. K.43013(12)1/2021-SEZ 06/05/2021

DCs may consider the requests from the industry and approve the extension of WFH facility in a liberal manner till such time when National Disaster Management Authority or State Government continues to issue orders governing this pandemic management....

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CBDT amends Income Tax Notification No. 15/2015 dated 16.02.2015

Notification No. 48/2021-Income Tax [S.O. 1766(E).] 06/05/2021

CBDT amends Notification No. 15/2015 dated 16.02.2015 vide which  CBDT notified ‘Godrej Agrovet Limited Animal Feed Extension Project‘ under section 35CCC of the Income-tax Act,1961 (43 of 1961) read with Rules 6AAD and 6AAE of the Income-tax Rules,1962. CBDT now amends the same vide Notification No. 48/2021 -Income Tax Dated...

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