For junior employees, the provision under para 2(i) of the Alignment Circular shall be implemented in a phased manner i.e. 10% in the 1st year and 15% in the 2nd year of implementation of the Alignment circular. In other words, junior employees shall be required to invest 10% during October 01, 2021 to September 30, 2022 and 15% during October 01, 2022 to September 30, 2023.
All IECs which have not been updated after 01.01.2005 shall be de-activated with effect from 06.10.2021. The list of such IECs may be seen at the given link ( https://www.dgft.gov.in/CP/?opt=dgft-ra )
Section 19 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) (BR Act, 1949 (AACS)) stipulates that no co- operative bank shall hold shares in any other co-operative society except to such extent and subject to such conditions as the Reserve Bank of India (Reserve Bank) may specify in that behalf. However, nothing contained in the section applies to –
Background: In terms of the provisions relating to issue of debit notes in s 34(3) of the CGST Act, it shall be issued by the registered person who has supplied such goods or services or both where the taxable value and/or tax charged in the invoice is found to be lesser than the actual value/tax […]
The Institute of Chartered Accountants of India (ICAI) today announced the results of Chartered Accountants Intermediate (IPC) & Intermediate (New) examination held in July, 2021. A. Result of Chartered Accountants Intermediate (IPC) Examination Held in July – 2021 The result of the Chartered Accountants Intermediate (IPC) Examination was declared recently. 1. Toppers Of Chartered Accountant […]
Concept of Person being distinct is only for GST perspective, otherwise, it is one and same person only. Hence it will help the registered person to unlock its working capital and less administrative work for GST department
Q.1 What is Inverted Duty Structure in GST? Ans: The term ‘Inverted Tax Structure‘ refers to a situation where the rate of tax on inputs purchased is more than the rate of tax on outward supplies. That means Inverted Duty Structure arises when tax paid on Inward Supplies is higher than tax payable on outward supplies. For Example […]
राज्यों की जीएसटी क्षतिपूर्ति बनी जीएसटी कानून के क्रियान्वयन में रोड़ा: हाल में ही जीएसटी काउंसिल की 45 वीं मिटिंग सम्पन्न हुई जिसमें एक फारमेलटी के तौर पर कुछ चीजों पर टैक्स बढ़ा दिया, कुछ पर कम कर दिया और कुछ को करमुक्त कर संतुलन बनाने का प्रयास किया गया. इसी तरह केरल हाईकोर्ट के […]
Alignment of interest of Key Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes SEBI has taken steps to standardize the scheme categories and characteristics of each category. Now, the risk return profile of the schemes rests with the AMCs and its key employees. SEBI decided that the part of […]
The Constitution of India is the greatest law of our country. It provides a framework that distinguishes state institutions’ basic policy codes, structures, duties, procedures, and powers. It also regulates the principles, obligations, and rights of citizens. The country’s Constitution establishes the laws and principles for the country and its states. It also provides a […]
