*MCA Notification No. G.S.R. 503(E). & S.O. 2904(E). Dtd. 22nd July, 2021 I. Companies (Incorporation) Fifth Amendment Rules, 2021: The MCA has notified a new set of rules to amend the existing Companies (Incorporation) Rules, 2014 which shall come into force w.e.f. 1st September, 2021. The Ministry has inserted: new rule i.e., Rule 33A Allotment of a new name […]
INSOLVENCY AND BANKRUPTCY BOARD OF INDIA New Delhi, the 26th July, 2021 AMENDMENT TO THE GUIDELINES FOR TECHNICAL STANDARDS FOR THE PERFORMANCE OF CORE SERVICES AND OTHER SERVICES UNDER THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INFORMATION UTILITIES) REGULATIONS, 2017 In exercise of the powers conferred by section 196 of the Insolvency and Bankruptcy Code, […]
Dear Colleagues, Good day to you. I have received queries relating to ‘Real Estate Sector’. Particularly they are asking doubts on ‘Sale of Land and Sale of Development Plot’ under GST Law. Here I wrote an article to clarify our Colleagues doubts on the above subject at my best of knowledge. Real Estate Sector is […]
This issue incorporates very interesting articles on a variety of topics. The articles briefly stated are: i. ‘Sports in Section 2(15) of Income-tax Act, 1961’ highlights the need of including sports, a field of eminent importance, in the definition of ‘charitable purpose’ bringing sports at par with yoga.
Tax Bar Association Ref: 005/2021 (Date: 25th July 2021) To The Hon’ble Chief Commissioner State Taxes Kar Bhawan Ambedkar Circle Jaipur Sub: – Request for clarification of category of outstanding demand or disputed demand with reference to the Amnesty Scheme -2021 Reference: Notification No. No.F.12(29) FD/Tax/2021-269 dated 24th February 2021 Dear Sir, At the outset, we […]
GST payable at the time of transfer of possession/ rights in the building to person supplying development rights In Re: M/s. Vajra Infracorp India Private Limited [TSAAR Order No.03/2021 decided on July 19, 2021] wherein the assesee is provider of taxable services of construction of residential complexes. The assessee entered into a supplementary agreement with […]
Introduction Article 366 of the Constitution defines Goods as “Goods includes all materials, commodities and articles” and Services as “Service means anything other than goods. Goods and Service Tax (hereinafter referred as ‘GST’) is a destination based Tax which is based on the destination or consumption of the goods or services. Hence, to levy GST […]
Loan to Corporate Person free of interest to be as classified Financial Debt in Section 5(8) of IBC and therefore, a Financial Creditor was competent to initiate the Corporate Resolution Process under Section 7 of the IBC.
It was American Nobel Laureate James Tobin in 1980s who toyed with the idea of Federal Reserve Banks in the United States to make available to the public a widely accessible ‘medium with the convenience of deposits and the safety of currency.’ This was the topic of a Keynote address delivered by Shri T Rabi […]
The right of evidence allows an individual to: who is a witness to state the facts related either to a fact in dispute or to the relevant fact, but not to its inference. It covers both criminal and civil law. The opinion of any person other than the judge by whom the fact has to […]
