Guidelines for scrutinising proper availment of Input Tax Credit under Rule 86A of CGST Rules 2017 have been issued by GST Policy Wing on 02/11/2021. The guidelines inter alia lay the contours of the ‘reasons to believe’ test on objective parameters rather than on subjective consideration.
Following further procedure is prescribed in the matter of hearing to be conducted by the MahaRERA Conciliation and Dispute Resolution Forum in referred conciliation matters (online complaints) transferred by MahaRERA so as to achieve speedy disposal of complaints.
Para 4.42(3) of FTP 2015-20 stands amended to modify the name of the agency permitted to import diamonds to its laboratory for the purpose of certification/ grading & re-exports. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan ***** Notification No. 42/2015-2020-DGFT New Delhi, Dated 08 November 2021 […]
SEBI permitted FPIs to write-off all debt securities in their beneficiary account which they are unable to sell for any reason. This shall be applicable only to such FPIs who wish to surrender their registration.
Item description of ITC HS Code 35040010 at Serial No.173 in the Notification No.34/2015-20 dated 13.01.2017 has been amended to include Collagen Peptides of marine or bovine or Poultry origin.
Income Tax Department carried out search and seizure operations on 27.10.2021 at the Headquarter and one of the branches of an Urban Credit Cooperative Bank located in Maharashtra. The residence of the Chairman and one of its directors were also covered.
Hello readers, Today I will discuss Section 54 & section 54F exemptions in simplified manner as Income tax due dates approaching – Section 54 & section 54F of Income tax Act –deals with exemption from tax on LTCG only if used for purchase or construction of a house with in specified limits. There are similarities […]
It is unlawful to discriminate on the ground of the profession, trade, occupation or calling discrimination as reasonable in some circumstances. The freedom to practice any profession, or to carry on any occupation, trade or business is well defined in the Constitution of India. Article 19 (1) (g) of Constitution of India provides right to […]
When I surf around Quora, regarding the Future of Accountants and the Future of Finance professionals like CA, CS, CWA, I usually come across not so positive opinions about these degrees. I find that these debates on whether the Finance will be automated or Whether there will remain any shine of such Finance Professionals are […]
CBDT hasd vide Notification No. 129/2021-Income Tax dated 01.11.2021 and under section 245D (11) & 245D (12) of the Income-tax Act, 1961 issued ‘e-Settlement Scheme, 2021′ to settle pending income-tax settlement applications transferred to a settlement commission. ♦ Applicability & Scope of e-Settlement Scheme, 2021 It shall come into force on the date of its […]
