The gross GST revenue collection of Rs. 1,41,384 crore in April, 2021, has set a new record as the highest ever collection in a month ever since the introduction of GST in the country.
A provision of lump sum allocation of Oxygen (to be given through cylinders) for Individuals, any non-COVID Hospitals, Nursing Homes, Ambulances and SOS Cylinders of COVID Hospitals running on LMO has been made against re-fillers under the overall supervision of District Administration vide order No.PA/SS-II/H&FVV/Covid-19/Part-IV/812 dated: 04-05-2021 by Health Department.
In this era of globalization, Overseas Direct Investment (ODI) has become a buzzword. From the past few years, it has been observed that the trend of making investment in businesses overseas is increasing year by year. Many of the resident individuals and Indian Companies are investing / acquiring stake in the foreign entities. This article […]
Indian School, Jodhpur & Anr. Vs State of Rajasthan & Ors. (Supreme Court) Ordinarily, we would have thought it appropriate to relegate the parties before the Regulatory Authority to refix the school fees for the academic year 2020-21 after taking into account all aspects of the matter including the advantage gained by the school Management […]
Dear friends, as per Notification issued by Ministry of Corporate Affairs dated 22nd January 2021, it is mandatory for all NGO’s which wants to raise CSR Funding to enrol with MCA w.e.f 01/04/2021 to get CSR Funding. As per this notification from 01 April 2021 onwards, every entity, covered under sub-rule (1), who intends to undertake any […]
High Court After Taking Cognizance of Delayed Disposal of Appeals under Faceless Appeal Scheme, 2020 Directed Commissioner of Income Tax (Appeals) On Account of Principles of Natural Justice To Decide Appeal Expeditiously Within 12 Weeks.
Income from cloud hosting services is erroneously held as royalty within the meaning of explanation 2 to section 9(l)(vi) of the Income Tax Act, 1961 (the Act) as well as Article 12(3)(b) of the India – US tax treaty
In view of the COVID-19 pandemic, the Central Government has issued notifications exempting Basic Customs Duty and/or Health cess on imports of a number of COVID-19 related relief materials such as Remdesivir, its API, Diagnostic Markers, Medical Oxygen, Oxygen concentrators and other oxygen storage and transportation equipment, for a limited period.
Introduction: India first introduced an equalisation levy in 2016 and 2020 Budget substantially extended the scope of the equalisation levy. Besides taxing online advertisement services, it was also levied on the consideration received by e-commerce operators crossing the prescribed threshold, for supplies to Indian residents, persons using an Indian IP address, and non-residents in certain […]
A discussion paper on ‘Increasing General Insurance penetration in rural areas with special focus on agriculture and allied activities through the concept of a Model Insured Village’ has been issued by the Authority.
