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"December, 2021" Archive

Income Tax Department searches mobile manufacturing companies

Income Tax Department conducts pan-India searches in case of mobile manufacturing companies The Income Tax Department carried out search and seizure operations pan-India on 21.12.2021 in the case of certain foreign controlled Mobile Communication & Mobile Hand-set Manufacturing Companies and their associated persons. Various premises ...

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Posted Under: Income Tax |

Section 10(46) exemption to Bureau of Indian Standards

Notification No. 142/2021-Income Tax, [S.O. 1(E)] 31/12/2021

Vide Notification No. 142/2021-Income Tax | Dated: 31st December, 2021 CBDT notifies Tax Exemption to Bureau of Indian Standards (BIS), set up by the Bureau of Indian Standards Act, 1986, in respect of the specified income under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TA...

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Rajasthan VAT Amnesty Scheme Extended to 31.01.2022

F.12(97)FD/Tax/2017-Pt.-I-91 31/12/2021

Rajasthan VAT Amnesty Scheme Extended to 31.01.2022 from existing date of 31st December 2021 vide Notification No. F.12(97)FD/Tax/2017-Pt.-I-91 Dated December 31, 2021. GOVERNMENT OF RAJASTHAN FINANCE DEPARTMENT (TAX DIVISION) NOTIFICATION Jaipur, Dated December 31, 2021 In exercise of the powers conferred by sub-section (2A) of section 1...

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Excise Refund claim made on or before 01.07.2017 will be dealt under excise law: CESTAT Chandigarh

Riba Textiles Limited Vs CCE & ST, Panchkula (CESTAT Chandigarh)

Riba Textiles Limited Vs CCE & ST, Panchkula (CESTAT Chandigarh) Provisions of Section 142 of CGST Act, 2017 clearly show that every claim of refund, every proceeding of appeal, review or reference filed/initiated whether on or before the appointed day i. e. 1.7.2017 under the existing law which means the jurisdiction for the purpose ...

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Extension of date of Filing of Accounts to Maharashtra Charity Commissioner

Order No. 592/202 31/12/2021

31.12.2021 Due date for online Filing of Audited Accounts with the Office of the Charity Commissioner, Maharashtra stands extended till 31st January 2022. Please click here to download the Order No. 592/2021 dated 31.12.2021 on Extension of date of Filing of Accounts to Charity Commissioner in Maharashtra. ****** 26.11.2021 Due date for o...

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Deferred the decision to change rates in textiles from 5% to 12% w.e.f. 01.01.2022

The Ministry of Finance vide Press Release dated December 31, 2021 stated that the GST Council’s 46th meeting held on December 31, 2021 under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has recommended to defer the decision to change the rates in textiles recommended in...

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Posted Under: Income Tax |

Application for reduction of share capital maintainable under Section 66: NCLAT

Brillio Technologies Pvt. Ltd. Vs Registrar of Companies (NCLAT Delhi)

Brillio Technologies Pvt. Ltd. Vs Registrar of Companies (NCLAT Delhi) NCLAT that the NCLT has erroneously held that the Application for reduction of share is not maintainable under Section 66 of the Act, consent affidavits from the creditors is mandatory for reduction of share capital, SPA cannot be utilized for making payment to non-pro...

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Posted Under: Income Tax | |

Extension of Last Date for Submitting applications for Scrip based FTP Schemes

Notification No. 48/2015-2020-DGFT [S.O. 5490(E)] 31/12/2021

The last date of submitting applications under MEIS, SEIS, ROSCTL, ROSL and 2% additional ad hoc incentive (under para 3.25 of FTP) which was earlier notified to be 31.12.2021 has been extended till 31.01.2022....

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No GST exemption on accommodation services provided to officials on Election Duty

In re Golkonda Hotels And Resorts Limited (GST AAR Telangana)

In re Golkonda Hotels And Resorts Limited (GST AAR Telangana) M/s. Golconda Hospitality Services and Resorts Limited, are in the business of providing accommodation and services and in the course of the business they have supplied the services of boarding and lodging facility for the officials of Greater Hyderabad Municipal Corporation fo...

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Cenvat Credit not eligible on transportation of employees

Solar Industries India Limited. Vs Commissioner, Central Excise, Customs and Service Tax (Bombay High Court)

HC held that Cenvat Credit not eligible on facility of transportation provided by the appellant to its employees as same was merely in the nature of service for personal use or consumption of its employees....

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