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Archive: 01 July 2021

Posts in 01 July 2021

Govt amends Credit Guarantee Fund for Micro Units (CGFMU)

July 1, 2021 11787 Views 1 comment Print

Central Government hereby makes the following amendments to the Scheme known as the  Credit Guarantee Fund for Micro Units (CGFMU) (hereinafter referred to as the said Scheme)

Reg. Certificate of Inspection from EIA/EIC for export of Rice

July 1, 2021 2589 Views 0 comment Print

The Notification No. 51/2015-2020 dated 29.12.2020 is amended to the extent that export of Rice (Basmati and Non-Basmati) to EU member states and other European Countries namely Iceland, Liechtenstein, Norway and Switzerland only will require Certificate of Inspection from EIA/EIC. Export to remaining European countries (except Iceland, Liechtenstein, Norway and Switzerland) will require Certificate of […]

IEC modification/updation date extended up to 31.07.2021

July 1, 2021 15684 Views 0 comment Print

In continuation to the DGFT notification No. 58, dated 12.02.2021, it is to inform that last date for modification/ updation of IEC has been extended up to 31.07.2021. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi -110 011 New Delhi Notification No. 11/2015-2020 […]

ICSI EIRC Council Election – Form of Application Seeking Permission to Vote by Post

July 1, 2021 360 Views 0 comment Print

Instructions And Form of Application For Seeking Permission To Vote By Post In Election To The Council From EIRC, 2021 The Institute of Company Secreataries of India Pursuant to Sub-Rule 2(e) of Rule 4, read with Rule 28 of the Company Secretaries (Election to the Council) Rules, 2006 (hereinafter ‘Rules’) following members shall be eligible […]

Services by ‘Airbus Group India’ are ‘Intermediary service’: AAR

July 1, 2021 2802 Views 0 comment Print

In re Airbus Group India Private Limited (GST AAR Karnataka) Whether the activities proposed to be carried out in India by the Applicant would constitute as a supply of ‘Other professional, technical and business services’ falling under HSN code 9983 or as ‘Intermediary service’ classifiable under HSN code 9961/9962 or any other classification of services as […]

IRDAI imposes fine on D2C Insurance Broking Pvt Ltd

July 1, 2021 2043 Views 0 comment Print

i. The Broker was using a website carrying the name ‘renewbuy’ for soliciting insurance business without visibly and clearly displaying Broker’s name on the said website. This is a clear violation of Clause 1 of Schedule VIII under Regulation 22 of IRDA (Insurance Brokers) Regulations) 2013. The Broker has submitted that they had informed the […]

PFRDA Employees’ Service (Second Amendment) Regulations, 2021

July 1, 2021 567 Views 0 comment Print

Govt notifies Pension Fund Regulatory and Development Authority (Employees’ Service) (Second Amendment) Regulations, 2021 i.e. PFRDA Employees’ Service (Second Amendment) Regulations, 2021. PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY NOTIFICATION New Delhi, the 1st July, 2021 EMPLOYEES’ SERVICE (SECOND AMENDMENT) REGULATIONS, 2021 No. PFRDA/12/RGL/139/11.—In exercise of the powers conferred by sub-section (2) of section 11 read […]

Compliance Check Under Section 206AB – TDS at Higher Rate

July 1, 2021 123969 Views 3 comments Print

1. A new section 206AB is introduced in the Finance Act 2021 for deduction of tax at source at higher rates to identify non-filers of Income Tax Returns. These defaulters will be identified and higher Tax Deducted at Source (TDS) be levied on them. Section 206AB is applicable w.e.f. 01 July 2021 This section mandated […]

4 Years of GST – Simplifications & Easing Compliance & A Way Forward

July 1, 2021 3456 Views 0 comment Print

GST has completed 4 years from its implementation as on 1’st July’2021 and it is time for celebration of 4’th Anniversary. The Government has been taken number of steps for the simplification of GST and easing of compliances in the GST regime as per the recommendations of GST Council. In the last 4 years about […]

Four Years Journey of GST

July 1, 2021 6441 Views 0 comment Print

Today is 1ST July and on this day in 2017 GST was introduced in India, that is why this day is also called as GST Day. This tax was introduced in order to eliminate the effect of tax on tax i.e. cascading effect, widen the tax base and increase the revenue of the government and give a simplified tax system to the taxpayers.

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