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Archive: 09 May 2021

Posts in 09 May 2021

Company Law due Date Calendar F.Y. 2021-22 with extended Due Dates

May 9, 2021 14622 Views 1 comment Print

Extended Due Dates Companies Act, 2013 In this editorial author shall discuss all the extended due dates by Ministry of Corporate Affairs due to CoVID 19 and other amendments under Companies Act, 2013 S. No. Particular Extended Due Dates/ Effective Date A.  EGM – through Video Conferencing 30th June, 2021 B.  Passing of Resolution restricted in […]

GST, Income Tax, DGFT, FEMA, Customs Updates dated 09.05.2021

May 9, 2021 3843 Views 0 comment Print

The second wave of COVID-19 pandemic, has transformed the socio-economic construct of the world to a considerable extent and we are gradually inching towards a new normal. What is the economic impact? How long will it stay? What is the recovery trajectory? We hope that this phase will also pass on and we overcome with […]

Whether nexus is required between ITC and Output tax liability

May 9, 2021 16878 Views 8 comments Print

Bullion trader cannot use the Input Tax Credit (ITC) balance available in the electronic credit ledger legitimately earned on the inputs/raw-materials/inward supplies meant for outward supply of Bullions, towards the GST liability on ‘Castor Oil Seed’ procured from agriculturists and subsequently meant for onward supply, as there is no nexus/connection between the inputs and final product since the inputs are not used or intended to be used in the course or furtherance of the business of supply of ‘Castor Oil Seeds’.

MHA revises policy on Covid admissions and discharge

May 9, 2021 858 Views 0 comment Print

The  Union health ministry on Saturday revised the national policy for admission of COVID patients to various categories of COVID facilities. 1. Requirement of a positive test for COVID-19 virus is not mandatory for admission to a COVID health facility. A suspect case shall be admitted to the suspect ward of CCC, DCHC or DHC […]

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