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Archive: 28 October 2021

Posts in 28 October 2021

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 16, 2024 3852 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 14, 2024 3498 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

Govt Notifies revised rates of variable DA effective from 01.10.2021

October 28, 2021 16329 Views 0 comment Print

Central Government Notifies revised rates of variable Dearness Allowance (DA) effective from 1st October 2021 vide order dated 28/10/2021. File No.1/26(1)/2021-LS-II Government of India Ministry of Labour & Employment Office of the Chief Labour Commissioner(C) New Delhi Dated: 28/10/2021 ORDER In exercise of the powers conferred by Central Government vide Notification No. S.O. 186(E) dated […]

ADD on ‘Seamless tubes, pipes and hollow profiles of iron etc.

October 28, 2021 2952 Views 1 comment Print

Seeks to impose anti-dumping duty on ‘Seamless tubes, pipes and hollow profiles of iron, alloy or non-alloy steel (other than cast iron and stainless steel), whether hot finished or cold drawn or cold rolled of an external diameter not exceeding 355.6 mm or 14″ OD’ originating in or exported from China PR for a period […]

Revocation of will allowable only as per modes specified u/s 70 of Indian Succession Act

October 28, 2021 7782 Views 0 comment Print

Held that a Will cannot be revoked by an agreement and can be revoked only as per the modes specified under Section 70 of the Indian Succession Act.

Maintenance of current accounts in multiple banks by Stock Brokers

October 28, 2021 1986 Views 0 comment Print

RBI vide circular no. DOR.No.BP.BC.30/21.04.048/2020-21 dated December 14, 2020 has permitted banks to open specific accounts which are stipulated under various statutes and instruction of other regulators/regulatory departments, without any restrictions placed in terms of the RBI circular dated August 06, 2020.

TRQ quantity for India-Mauritius CECPA revised

October 28, 2021 1407 Views 0 comment Print

TRQ quantity for the items listed in Table 4 of Notification No. 51/2021-Customs dated 22nd October, 2021 on India-Mauritius CECPA has been revised. The date for submission of online applications with DGFT has been extended from 31.10.2021 to 31.12.2021

Reg. Adjustment of interest in MIS account in case of death of joint holder

October 28, 2021 14427 Views 0 comment Print

Regarding adjustment of interest through HINTTM menu for premature closure of PPF account, deceased claim closure of SCSS/SSA account in CBS post offices and payment of excess deposit amount in MIS in case of death of joint account holder.

GOI releases balance amount of ₹ 44,000 crore to States & UTs of GST compensation

October 28, 2021 603 Views 0 comment Print

Government of India releases balance amount of ₹ 44,000 crore to States and UTs (with Legislature) under the back-to-back loan facility in-lieu of GST compensation The Ministry of Finance has released ₹44,000 crore today to the States and UTs with Legislature under the back-to-back loan facility in lieu of GST Compensation. After taking into account […]

Gold Monetization Scheme, 2015 – Interest on premature closure of deposit in case of death of depositor

October 28, 2021 1248 Views 0 comment Print

Gold Monetization Scheme, 2015- Interest on premature closure of the deposit in case of death of depositor before and after lock-in period

Case of non-payment of GST of Rs. 12.9 crore detected in Navi Mumbai

October 28, 2021 729 Views 0 comment Print

With regard to anti-evasion cases, based on data mining and analytics, Navi Mumbai Commissionerate has detected a case of 12.9 crore of non-payment of GST relating to erection, commissioning, repair & maintenance services. In this case a recovery of Rs. 8.43 crores has been made so far.

Technical Glitch cannot be a reason for Non-Payment of GST Refund

October 28, 2021 3729 Views 0 comment Print

Nayara Energy Limited Vs Union of India (Gujarat High Court) On substantive part, there is no adjudication which is necessary as the respondent – authority agrees to credit the amount of Rs.50,88,42,582/- in account of the petitioner and sum of Rs.39,05,121/- in the account of the Consumer Welfare Fund by issuance of payment advice RFD-05. […]

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