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Archive: 10 June 2021

Posts in 10 June 2021

Usage of Automated Teller Machines / Cash Recycler Machines – Review of Interchange Fee and Customer Charges

June 10, 2021 981 Views 0 comment Print

The Reserve Bank of India had constituted a Committee in June 2019 under the Chairmanship of the Chief Executive, Indian Banks’ Association to review the entire gamut of Automated Teller Machine (ATM) charges and fees with particular focus on interchange structure for ATM transactions.

Late fee waiver under Maharashtra Value Added Tax Rules, 2005

June 10, 2021 2052 Views 0 comment Print

FINANCE DEPARTMENT Hutatma Rajguru Chowk, Madam Cama Marg, Mantralaya, Mumbai 400 032, dated the 3rd June 2021. NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT, 2002. No. VAT-1521/C.R. 55/Taxation-1.—In exercise of the powers conferred by the proviso to sub-section (6) of section 20 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government […]

Addition for On-money only of income element & not of entire amount

June 10, 2021 3705 Views 0 comment Print

Ekta Housing Pvt. Ltd Vs DCIT (ITAT Mumbai): Conclusion: Addition as regards the on-money received by assessee was to be made to the extent of the income element embedded in such receipts and the entire amount of on-money could not have been added in the hands of the assessee.  No reason or logic had been […]

Transitional Credit: GST Council directed to look into grievance

June 10, 2021 489 Views 0 comment Print

Geep Industries (India) P. Ltd. Vs Union of India (Gauhati High court) As regards this claim of the petitioner that he had made all the attempts to file electronically but because of computer glitches, the same could not be filed and as also been mentioned in the affidavit-in-opposition that the GST Council has been apprised […]

HC allows time barred Appeal for delay due to difficulty in uploading it electronically

June 10, 2021 462 Views 0 comment Print

BVD Power Private Limited Vs State Tax Officer (Madras High Court) Petitioner challenged the impugned order dated 8.12.2018 denying the transitional input tax credit availed by the petitioner for the period between July 2017 and December 2017 on the works contact. Against the said order, the petitioner had attempted to upload the appeal. However, the […]

ITAT restricts disallowances to 10% in absence of sufficient documentary evidences

June 10, 2021 720 Views 0 comment Print

Dheeraj Thakran Vs ITO (ITAT Delhi) Conclusion: Since the gifts in the instant case were received from parents, brother and spouse, respectively and the father had withdrawn substantial cash amount from the bank before giving the gift on various dates to his son and the gifts from brother, from mother and from spouse were not […]

GST Council Secretariat News Letter for May 2021

June 10, 2021 792 Views 0 comment Print

GST Council Secretariat, New Delhi Highlights of 43 GST Council Meeting The 43rd GST Council was held under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman through video conferencing on 28 May, 2021. The meeting was attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur, Finance Ministers […]

ICAI notifies SOP for January 2021 CA Examinations

June 10, 2021 315 Views 0 comment Print

It is hereby informed that the Guidelines for Examination Centres, Examination Functionaries and Candidates for July 2021 CA Examination shall be the same as was announced vide Announcement dated 8th October, 2020 for November 2020 / January 2021 CA Examinations.

PoSH Act 2013: Meaning of Sexual Harassment in Indian Law

June 10, 2021 35922 Views 1 comment Print

The Supreme Court has defined sexual harassment in its order as any unwelcome, sexually determined physical, verbal, or non-verbal act against a women. For example, a sexual remark about a colleague, asking for sexual favours, showing pornography or conducting offensive acts at the workspace. All of this can affect the personal as well as professional […]

Impact of Social Media on Student Life

June 10, 2021 7923 Views 1 comment Print

There was a time, long ago, when social media was a vision that we had yet to realize. Then came Facebook, Twitter, Instagram and many other social media platforms. Some have managed to withstand the tides of time, while others are fading with memories. Several studies have been conducted on the effects of social media […]

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