"20 May 2021" Archive - Page 2

Legal Concept and Provision of Debentures

As we all know share capital is the main source of finance of a company. Such capital is raised by issuing shares. Those who hold the shares of the company are called the shareholders and are owners of the company. The company may need an additional amount of money for a long period....

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Posted Under: Company Law |

Complications in GST System still troubling Traders, Role of GST Software will be crucial

The Complications In GST System Still Troubling Traders, The Role of GST Software Will Be Crucial The government has implemented the GST system to simplify and improve the existing indirect tax system i.e. sales tax, service tax, etc. Since the implementation of the GST system was startedacross the country on July 1, 2017, many amendments...

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Posted Under: Company Law |

Relaxations in GST Compliance during second wave of Covid 19

Relaxations in GST Compliance during second wave of Covid 19 (Notifications No. 08 to 14/2021 all dated 1st May 2021;Notification No. 01/2021 – Integrated Tax dated 1st May 2021) Rate of interest for late payment ♦ Notification No. 08/2021- Central Tax dated 1st May, 2021 Rate of interest for late payment of taxes with returns [&helli...

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Posted Under: Company Law |

Plea seeking Revision in SOP for filing Appeal with NCLAT

Nitya Sharma Vs NCLAT (Delhi High Court)

Nitya Sharma Vs NCLAT (Delhi High Court) The Delhi High Court on Thursday issued notice in a plea seeking directions on the National Company Law Appellate Tribunal (NCLAT Principal Bench at Delhi) to modify its SOP dated January 3, 2021 by allowing only electronic filing in view of the prevalent situation amid second Covid wave. Also [&h...

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CBI arrests 3 Custom dept Officials in Rs. 4 Lakh Bribery Case

The Central Bureau of Investigation has arrested two Superintendents/Senior Intelligence Officers and an Inspector/Intelligence Officer, all of Customs(SIIB), ICD(Import), Tuglakabad, New Delhi in a bribery case of Rs. Four lakh....

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Posted Under: Company Law |

Empanelment of CA Firms for Concurrent Audit of SBI

Applications are invited from eligible Chartered Accountant Firms for empanelment as Concurrent Auditors in the identified Bank branches/ outfits. Proforma for application, eligibility criteria and other details are available under Procurement News in Bank’s website www.sbi.co.in....

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Posted Under: Company Law | ,

HSN Code Clarification under GST

Notification No. 88/2020 dated 15.10.2020 (Central Tax) In the said notification w.e.f 01.04.2021 Those Tax Payer whose Aggregate Turnover above Rs.5 Crore during the Financial year (2020-2021), 6 Digit HSN/SAC for Goods & Services to be mentioned in all Type of Tax Invoices. AND Those Tax Payer whose Aggregate Turnover upto Rs.5 Cror...

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Posted Under: Company Law |

HC Sets Aside Faceless Assessment Order for not providing sufficient time to respond

Blue Square Infrastructure LLP Vs National Faceless Assessment Centre (Delhi High Court)

Blue Square Infrastructure LLP Vs National Faceless Assessment Centre (Delhi High Court) 1. An undue haste by respondent no. 1 in passing the impugned assessment order, as he did not even wait for the completion of the timeframe given in the show cause notice-cum-draft assessment order, dated 20.04.2021, to file a response. 2. The best [&...

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Standard Costing: Easy and Simple way to learn Formula

Most of the students thought that the topic STANDARD COSTING is very time consuming and have covered only 5-10 marks in Exams, so chal yr leave it, itne me to koi aur topic cover kr lege. Actually the problem is not that we can’t understand the concepts of this chapter, but the issue is to […]...

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Posted Under: Company Law |

CBIC Notifies Rate of Exchange of Foreign Currencies wef 21.05.2021

Notification No. 48/2021 - Customs (N.T.) 20/05/2021

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 21st May, 2021, vide Notification No. 48/2021-Customs (N.T.), Dated: 20th May, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 48/2021 – Customs (N.T.)...

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