CBDT notifies Income tax Rule 12F. Prescribed income- tax authority under second proviso to clause (i) of sub-section (1) of section 142 vide Notification No. 109/2021-Income Tax | Dated: 13th September, 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 109/2021-Income Tax | Dated: 13th September, 2021 G.S.R. […]
For imports under Notification 20/2015-20 dated 24.08.2021, the last date of shipment or date of issuance of the Bill of Lading or Lorry Receipt date is 31.10.2021. Import consignments of these items with Bill of Lading/Lorry Receipt issued on or before 31st October, 2021 shall not be allowed by Customs beyond 31st January 2022.
Code of Conduct and Code of Ethics for the Directors and Key Management Personnel (KMP) of recognized Market Infrastructure Institutions (MIIs) in GIFT-IFSC
During the week, there have been some good cases on the anti-smuggling front. In a crackdown on smuggling of cigarettes, Delhi Customs Preventive Unit seized about 22.2 lakh sticks of smuggled foreign brand cigarettes approximately valued at Rs. 4.44 crore.
Extension of timelines for sale and renewal of short term Covid specific health insurance policies- Corona Kavach Policies and Corona Rakshak Policies are permitted to be offered and renewed by all insurers up to 31.03.2022.
The exemptions granted for issuance of electronic policies as well as dispensing with physical document and wet signature have been extended upto the period 31/03/2022.
Representation for extension of timelines for holding Annual General Meeting (AGM) under the Companies Act, 2013 for the Financial Year ended 31.03.2021 due to continued COVID-19 Pandemic DIRECT TAXES PROFESSIONALS’ ASSOCIATION Income Tax Building, 3, Govt. Place West, Ground Floor, Kolkata 700001 Ph 033-22420638 Email : dtpakolkata@gmail.com Ref. No. – DTPA/Rep/21-22/31 13th September ,2021 Shri […]
Union of India & Ors. Vs VKC Footsteps India Pvt Ltd. (Supreme Court) The Apex Court Sets aside the order of Gujarat HC and upheld the order of Madras HC. Although the Hon’ble Court has noted some anomalies and suggested the GST Council to look into the same. Background: (Gujarat High Court) The Division Bench […]
SC issues notice in Apollo Tyres Ltd. Vs ACIT case, petitioner contests non-suiting by relying on contrary views of other High Courts.
As we all are that the refund of unutilized Input tax credit of inverted duty (ITC) under GST is dealt under Section 54(3) (ii). In terms of Section 54(3) of Central Goods and Service Tax (CGST Act, 2017) refund of unutilized input tax credit shall be allowed only in two cases as mentioned below; 1. […]
