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Archive: 12 November 2021

Posts in 12 November 2021

Auction of Government Securities: Non-Competitive Bidding Facility to retail investors

November 12, 2021 1734 Views 0 comment Print

With a view to encouraging wider participation and retail holding of Government securities, retail investors are allowed participation on “non- competitive” basis in select auctions of dated Government of India (GoI) securities and Treasury Bills.

Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Clarifications

November 12, 2021 7995 Views 0 comment Print

The extant instructions on IRACP norms specify that an amount is to be treated as overdue if it is not paid on the due date fixed by the bank. It has been observed that due dates for repayments are sometimes not specifically mentioned in the loan agreements, and instead a description of due dates is mentioned, leaving scope for different interpretations.

Shri Piyush Goyal says FDI in India growing rapidly over last few years

November 12, 2021 384 Views 0 comment Print

Shri Piyush Goyal says FDI in India growing rapidly over last few years Commerce Minister invites South Korea to invest in Defence and Retail Plan to manufacture 5 billion vaccines next year: Shri Piyush Goyal India will witness one of the fastest growth rates across the world – Shri Goyal The Minister for Commerce & […]

Pink Fund to Special Task Force: Why stakeholders in criminal justice system should remain cognizant of Delhi Police Standing Order No. 303 of 2019? 

November 12, 2021 1194 Views 1 comment Print

Pink Fund to Special Task Force: Why stakeholders in criminal justice system should remain cognizant of Delhi Police Standing Order No. 303 of 2019? Standing Order No. 303 of 2019 i.e. ‘Guidelines for police response and investigation in cases of sexual offence’ The Standing Orders of the Delhi Police are its internal orders issued by […]

GST payable on electricity charges recovered on actual cost basis from residents by company providing services of residential apartments

November 12, 2021 5808 Views 0 comment Print

In re Antara Purukul Senior Living Limited (GST AAR Uttarakhand) GST payable on electricity charges recovered on actual cost basis from residents by company providing services of residential apartments The applicant has sought advance ruling on the following questions: 1. Whether the electricity charges paid to UPCL for the power consumed by residents in their residential […]

AAR cannot admit application on question not coming within the purview of Section 97(2)

November 12, 2021 1014 Views 0 comment Print

In re NBCC (INDIA) Limited (GST AAR Odisha) The applicant in clause (a) [ as above) has discussed the findings of the Appellate Authority to: advance Ruling in its order no. 02/ODISHA-AAAR/Appeal/2020-21 dated 19.03.2021. In question no. (b), the applicant has sought clarification i.e. whether the classification and rate of taxes so determined by the […]

IRDAI cautioned SLA for not sending reminders to insured for delay in document submission

November 12, 2021 1377 Views 0 comment Print

Post personal hearing, the SLA submitted some documents in support of their submission that they are sending regular reminders to the insured in case there is delay on the part of the insured  in the submission of documents. However major portion of the documents are not related to the sample claims indicated under the observation. Further, […]

CBIC imposes ADD on measuring tapes import from Singapore & Cambodia

November 12, 2021 753 Views 0 comment Print

Seeks to impose ADD on measuring tapes originating in or exported from Singapore and Cambodia. Notification No. 67/2021-Customs (ADD),Dated: 12.11.2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 67/2021-Customs (ADD) New Delhi, the 12th November, 2021 G.S.R.794(E). – Whereas, in the matter of review of anti-dumping duty on imports of ‘Steel and […]

RBI Retail Direct Scheme

November 12, 2021 1074 Views 0 comment Print

The Reserve Bank announces the activation of the RBI Retail Direct Scheme with effect from today. The Scheme was launched today in virtual mode by the Hon’ble Prime Minister, Shri Narendra Modi.

SoP for information sharing with GST investigating authorities

November 12, 2021 3384 Views 0 comment Print

Standard Operating Procedure (SoP) for information sharing with GST investigating authorities which includes IP address used for filing of GST Returns, Login details with IP address at the time of registration of taxpayer, Amendment History of Taxpayer and IP address of generation of E-Way Bill along with details. EXCISE & TAXATION DEPARTMENT, HARYANA Vanijya Bhawan, […]

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