"21 October 2021" Archive

Ready to receive Show Cause Notice under GST

The last dates of filing of the Annual Return under Section 44 of the Central Goods and Services Tax Act, 2017 (CGST Act, 2017), for the Financial Years 2017-18, 2018-19 & 2019-20 were as under: Sr. No.  Period Last date to file Annual Return 1 2017-18 05th & 7th February, 2020 (Notification No. 06/2020-Central Tax, […]...

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CBIC Notifies Rate of Exchange of Foreign Currencies wef 22.10.2021

Notification No. 82/2021 - Customs (N.T.) 21/10/2021

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 22nd October, 2021, vide Notification No. 82/2021-Customs (N.T.) | Dated: 21st October, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 82/2021 – Customs ...

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Sovereign Gold Bond Scheme 2021-22

Notification No. G.S.R. 750(E) 21/10/2021

(i) This scheme may be called the Sovereign Gold Bond Scheme 2021-22. (ii) There will be a distinct Series (starting from Series VII) for every tranche which will be indicated on the Bond issued to the investor. (ii) It shall come into force on the date of its publication in the Official Gazette....

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Modalities for filing of placement memorandum through a Merchant Banker

Circular No. SEBI/HO/IMD/IMD-I/DF6/P/CIR/2021/645 21/10/2021

The Merchant Banker shall independently exercise due diligence of all the disclosures in the placement memorandum, satisfy itself with respect to veracity and adequacy of the disclosures and provide a due diligence certificate....

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Govt notifies Sovereign Gold Bond Scheme 2021-22

G.S.R. ---- (E) 21/10/2021

Government of India Ministry of Finance Department of Economic Affairs New Delhi, dated the October 21, 2021 Notification G.S.R.—- (E) — In exercise of the powers conferred by clause (iii) of section 3 of the Government Securities Act, 2006 (38 of 2006), the Central Government hereby makes the following Scheme, namely: 1. Short ti...

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Culture of Talk Shows

Thanks for your responses! It keeps me going continuously! Writing is something I have wanted to do but never really felt the right time to start, well as said, everything happens at a certain point in time! Coming to talk shows, we all have perhaps seen the plethora of forms of talk shows these days. […]...

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MSME Samadhaan Portal – Ease of filing application under MSEFC

MSME Samadhaan Portal – Ease of filing application under MSEFC, an Initiative from Ministry of MSME, Govt. of India Related Provision The Micro, Small and Medium Enterprise Development (MSMED) Act, 2006 contains provisions of Delayed Payment to Micro and Small Enterprise (MSEs). (Section 15- 24). State Governments to establish Micro...

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Electronic Credit Ledger cannot be used in respect of payment of pre-deposit for the purpose of filing appeal under GST Law

In Jyoti Construction v. Deputy Commissioner of CT & GST, Jajpur, the Hon’ble High Court of Orissa has pronounced its order dated 07th October, 2021 that Electronic Credit Ledger (“ECRL”) cannot be used to give the pre-deposit for the purpose of filing an appeal under GST and the payment for the same must be done […]...

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AO cannot confirm addition merely based on AIR information

Shri Rajesh Chunara Vs ITO (ITAT Jaipur)

Shri Rajesh Chunara Vs ITO (ITAT Jaipur) On perusal of the AIR information, it is noted that the information talks about the assessee and another person by name of Ashok K Chanara, name of the bank which has issued the credit card, the transaction amount of Rs 3,82,079/- and date of transaction i.e, 31.03.2008. The […]...

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Demand cannot be confirmed by relying on third-party evidence not cross-examined

CESTAT held that the department cannot confirm a demand solely on the basis of third-party evidence without any opportunity being afforded to the manufacturer to cross-examine such evidence....

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