"26 October 2021" Archive

MCA allows LLPs to file form 8 without additional fess till 30.12.2021

General Circular No. 16/2021 26/10/2021

It has been decided to allow LLPs to file Form 8 (the Statement of Account and Solvency) for the Financial Year 2020-2021 without paying additional fees upto 30th December, 2021....

Read More

Guidelines on Exemption to Sovereign Wealth & Pension Funds

Circular No. 19/2021-Income Tax 26/10/2021

CBDT clarifies that eligibility of exemption under clause (23FE) of section 10 of the Act shall be as follows: - (a) if the loans and borrowings have been taken by the specified fund or any of its group concern, specifically for the purposes of making investment by the specified fund in India, such fund shall not be eligible for exemption...

Read More

SEBI (Foreign Portfolio Investors) (Second Amendment) Regulations, 2021

Notification No. SEBI/LAD-NRO/GN/2021/54 26/10/2021

These Regulations may be called the Securities and Exchange Board of India (Foreign Portfolio Investors) (Second Amendment) Regulations, 2021....

Read More

SEBI authorizes practicing Cost Accountants to issue share reconciliation capital audit report

Notification No. SEBI/LAD-NRO/GN/2021/53 26/10/2021

These regulations may be called the Securities and Exchange Board of India (Depositories and Participants) (Second Amendment) Regulations, 2021....

Read More

SEBI (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2021

Notification No. SEBI/LAD-NRO/GN/2021/52 26/10/2021

These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2021....

Read More

National Institutes of Food Technology Entrepreneurship and Management Rules 2021

Notification No. S.O. 4453(E) 26/10/2021

(1) These rules may be called the National Institutes of Food Technology Entrepreneurship and Management Rules 2021. (2) They shall come into force on the date of their publication in the Official Gazette....

Read More

डायरेक्ट सेलिंग नेटवर्क के माध्यम से ही मुनाफाखोरी को रोका जा सकता है

खाद्य पदार्थों, दवाईयों और अन्य जरुरी सामग्री के मंहगी होने के प्रमुख वजह मुनाफाखोरी ही है. उत्पादक और उपभोक्ता के बीच बिचोलियों ...

Read More
Posted Under: Custom Duty |

GST: Goods and Services Tax

Innovation of GST In any welfare state, it is the prime responsibility of the government to fulfill the increasing developmental needs of the country and its people by way of public expenditure. France was the first country to implement the GST in 1954, since then an estimated 160 countries have adopted this tax system in […]...

Read More
Posted Under: Custom Duty |

Whether GST credit allowed on Construction of factory shed?

As per section 17(5)(d)-goods or services or both received by a taxable person for construction of an immovable property (other than plant or machinery) on his own account including when such goods or services or both are used in the course or furtherance of business. So, from above section it is quite clear that ITC […]...

Read More
Posted Under: Custom Duty |

SC: Nature of levy cannot be determined with nomenclature ascribed to Tax

Jalkal Vibhag Nagar Nigam &

The nomenclature that the legislature had ascribed to the tax did not determine either the nature of the levy or its true and essential character. The tax had been labelled as the water tax or a sewerage tax simply because it was imposed by the Jal Sansthan constituted under the UP Water Supply and Sewerage Act. That did not alter the nat...

Read More

Search Posts by Date

November 2021
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930