CGST: CBIC notifies amendment in list of exempt goods wef 01.01.2022 vide Notification No. 19/2021-Central Tax (Rate) Dated 28th December, 2021 by amending Notification No. 2/2017-Central Tax (Rate), dated the 28th June, 2017 MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 28th December, 2021 Notification No. 19/2021-Central Tax (Rate) G.S.R. 895(E).— In exercise of […]
DCIT Vs Macrotech Developers Ltd. (successor to M/s. Bellissimo Crown Buildmart Pvt. Ltd. (ITAT Mumbai) The ld. CIT(A) gave a categorical finding that the transactions carried out with the aforesaid three parties i.e. Jawala Real Estate Pvt. Ltd., Shreeniwas Cotton Mills Limited & Lodha Developers Private Limited, which are subject matter of levy of penalty […]
CBIC notifies changes in UTGST Rate on Goods wef 01.01.2022 vide Notification No. 18/2021-Union Territory Tax (Rate), Dated: 28.12.2021 by amending Notification No. 1/2017- Union Territory Tax (Rate), dated the 28th June, 2017. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 28th December, 2021 Notification No. 18/2021-Union Territory Tax (Rate) G.S.R. 894(E).— In exercise […]
CBIC notifies changes in IGST Rate on Goods wef 01.01.2022 vide Notification No. 18/2021-Integrated Tax (Rate), Dated: 28.12.2021 by amending Notification No.1/2017-Integrated Tax (Rate), dated the 28th June, 2017. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 28th December, 2021 Notification No. 18/2021-Integrated Tax (Rate) G.S.R. 893(E).—In exercise of the powers conferred by sub-section […]
CBIC notifies changes in CGST Rate on Goods wef 01.01.2022 vide Notification No. 18/2021-Central Tax (Rate) Dated: 28th December, 2021 by amending Notification No 1/2017- Central Tax (Rate) dated 28.06.2017. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 28th December, 2021 Notification No. 18/2021-Central Tax (Rate) G.S.R. 892(E).—In exercise of the powers conferred by […]
Applicability: – Companies (Appointment & Qualification of Directors) Rules, 2014 – Chapter XI Appointment and Qualifications of Directors –SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 WHEN IS A COMPANY REQUIRED TO APPOINT INDEPENDENT DIRECTOR? Listed Company Unlisted Public Company Mandatory (atleast 1 /3rd of total director needs to be independent director) For E.g. : […]
Government has issued a Notification No. 39/2021-CT dated 21.12.2021 vide which certain provisions viz. Section 7(1)(aa), 16(2)(aa), 74, 75(12), 83(1), 107(6), 129, 130, 151, 152, 168 of CGST Act,2017 are brought in to force w.e.f. 01.01.2022. It is pertinent to mention here that these provisions have been amended in the Finance Act,2021. Let’s discuss the amendments one by one.
Chodavaram Vs Asst. Director of Income Tax (ITAT Visakhapatnam) We are of the considered view that as in the instant case, the employees contribution qua ESI & PF for the Asst. Year: 2019-20 has been deposited before the due date of furnishing the return of income u/sec. 139(1) of the Act and therefore cannot be […]
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Ridhi Sidhi Mills (India) Pvt. Ltd. Vs DCIT (ITAT Jodhpur) In the present cases, it is not in dispute that the assessees deposited the contribution of PF & ESI belated in terms of section 36(1)(va) of the Act, however, the said deposits were made prior to filing of return of income u/s 139(1) of the […]
