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Archive: June, 2021

Posts in June, 2021

PFRDA (Exits and Withdrawals under the National Pension System) (Amendment) Regulations, 2021

June 14, 2021 3399 Views 0 comment Print

These regulations may be called the Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) (Amendment) Regulations, 2021.

PFRDA (Central Recordkeeping Agency) (Amendment) Regulations, 2021

June 14, 2021 711 Views 0 comment Print

These regulations may be called the Pension Fund Regulatory and Development Authority (Central Recordkeeping Agency) (Amendment) Regulations, 2021.

RBI releases Consultative Document on Regulation of Microfinance

June 14, 2021 861 Views 0 comment Print

Reserve Bank of India had announced that a consultative document will be issued for harmonising the regulatory frameworks for various regulated lenders in the microfinance space. Accordingly, the Consultative Document on Regulation of Microfinance has been released today for feedback from all stakeholders.

PFRDA (National Pension System Trust) (Amendment) Regulations, 2021

June 14, 2021 1302 Views 0 comment Print

1. These regulations may be called the Pension Fund Regulatory and Development Authority (National Pension System Trust) (Amendment) Regulations, 2021.

PFRDA (Point of Presence) (Amendment) Regulations, 2021

June 14, 2021 2025 Views 0 comment Print

These regulations may be called the Pension Fund Regulatory and Development Authority (Point of Presence) (Amendment) Regulations, 2021.

Cenvat credit eligible on service tax of commissions paid to commission agents

June 14, 2021 936 Views 0 comment Print

The issue that arises for consideration is that whether the appellants are eligible to avail Cenvat credit on the service tax of commissions paid to commission agents in regard to sales promotion of their products. At the time of hearing, the learned counsel Shri M.N. Bharathi submitted that the department has denied the credit alleging that it is post manufacturing activity.

Amendment in Export Policy of Injection Remdesivir & Remdesivir API

June 14, 2021 2250 Views 0 comment Print

The export of Injection Remdesivir and Remdesivir Active Pharmaceutical Ingredients (API) falling under the ITC (HS) Codes specified above or falling under any other HS Code has been put under Restricted category with immediate effect. The export of Remdesivir injections/API against the Advance Authorizations will not require a separate authorisation/ permission.

Investment in Entities from FATF Non-compliant Jurisdictions

June 14, 2021 2343 Views 0 comment Print

The Financial Action Task Force (FATF) periodically identifies jurisdictions with weak measures to combat money laundering and terrorist financing (AML / CFT) in its following publications: i) High-Risk Jurisdictions subject to a Call for Action, and ii) Jurisdictions under Increased Monitoring.

No disallowance on Late deposit of ESI/PF If deposited before due date of Return U/s. 139(1)

June 14, 2021 14439 Views 2 comments Print

Mahadev Cold Storage Vs Jurisdictional Assessing Officer (ITAT Agra) No disallowance on late deposit of ESI and PF in section 143(1)(a) if deposited before due date of return u/s 139(1). Decision of Jurisdictional Honorable Allahabad High Court in the case of Sagun Foundry (P) Ltd. Vs CIT ( 97CCH 0160 and 145 DTR 0265) followed […]

Anomaly in Re-Registration of Existing Trusts or Institutions U/S 12AB

June 14, 2021 23325 Views 6 comments Print

In no case such existing registered trusts or institutions which have applied for re-registration by filling Form 10A under section 12A(1)(ac)(i) should be treated as trusts or institutions falling under 12A(1)(ac)(vi).

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