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Archive: 04 October 2021

Posts in 04 October 2021

Online exit process for NPS subscribers under Government Sector

October 4, 2021 678 Views 0 comment Print

NPS Subscribers are empowered with the comprehensive end to end digitally enabled solutions to fulfill their evolving needs and allow them for performing various facets of NPS viz On-boarding, maintenance, contribution deposit, partial withdrawal and exit with greater ease and convenience. PFRDA had already enabled online paperless exit process of Non Govt Sector Subscribers.

Tax Collection at source in GST

October 4, 2021 3924 Views 0 comment Print

What is Electronic-Commerce? As per section 2(44) of the CGST Act, 2017, ‘Electronic Commerce’ means the supply of goods or services or both over digital or electronic network. Who is Electronic Commerce Operator? As per section 2(45) of the CGST Act, 2017, ‘Electronic Commerce Operator’ means any person who owns, operates or manages digital or […]

SEBI Enhances Disclosure Norms For High Value Debt Listed Entities

October 4, 2021 4461 Views 1 comment Print

In order to tighten the corporate governance related disclosure norms for *[high value debt listed entities], the SEBI (Listing and Obligations and Disclosure Requirements), Regulations 2015 (“Listing Regulations”) vide notification dated September 07, 2021, made Regulations 15 to 27, applicable to high value debt listed entities on a ‘comply or explain’ basis until March 31, […]

Changes in GST rates of various goods and services

October 4, 2021 3726 Views 0 comment Print

CBIC has issued on 30th September 2021 in notification No.06/2021–Central Tax (Rate) to notification No.12/2021–Central Tax (Rate) to amend the existing notifications which will be effective from the 1st October 2021.

Service tax under RCM cannot be levied on GTO/GTA services

October 4, 2021 4266 Views 0 comment Print

Raymond Limited Vs Commissioner, Central Excise Customs & Service Tax (CESTAT Delhi) Whether show cause notice dated 28.09.2001 has been validly issued, for raising demand of service tax on GTO/GTA services received by the appellant for the disputed period, in terms of the prevailing Section 73 under reverse charge, and Hon‟ble Bombay High Court in […]

Consultation Paper Review of Price Band and Book Building Framework for public issues

October 4, 2021 1893 Views 0 comment Print

Objective of Consultation Paper Review of Price Band and Book Building Framework for public issues is to seek comments from public on SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 relating to framework of book building

Discontinuation of usage of pool accounts for transactions in units of Mutual Funds on Stock Exchange Platforms

October 4, 2021 576 Views 0 comment Print

i. Pooling of funds and/ or units by stock brokers / clearing members in any form or manner shall be discontinued for mutual fund transactions. ii. Similar to mechanisms for transactions in mutual fund units by MFDs and IAs, stock exchanges shall put necessary mechanisms in place for stock brokers / clearing members also, to ensure that funds pay-in is directly received by the clearing corporation from the investor account and funds pay-out is directly made to the investor account.

Discontinuation of usage of pool accounts for transactions in MF units

October 4, 2021 1248 Views 0 comment Print

3.1. AMCs shall ensure that the transactions (financial/ non-financial) can be executed only if there is a service agreement between the AMC and the service provider / platform.

Enhancement in family pension of employees of banks – Treatment of additional liability

October 4, 2021 597 Views 0 comment Print

RESERVE BANK OF INDIA RBI/2021-22/105 DOR.ACC.REC.57/21.04.018/2021-22 October 4, 2021 All Member Banks of the Indian Banks’ Association covered under the 11th Bipartite Settlement and Joint Note dated November 11, 2020 Madam / Sir, Enhancement in family pension of employees of banks – Treatment of additional liability The Indian Banks’ Association (IBA) has approached us for […]

SC Stays payment of GST for grant of mining lease/royalty by petitioner

October 4, 2021 25518 Views 2 comments Print

Lakhwinder Singh Vs Union of India (Supreme Court of India) 1 Issue notice. 2 Tag with SLP(C) No 37326 of 2017. 3 Until further orders, payment of GST for grant of mining lease/royalty by the petitioner shall remain stayed.

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