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Mandatory Aadhaar authentication for registered person under GST

December 22, 2021 8685 Views 0 comment Print

The Central Government vide Notification No. 38/2021-CT dated 21.12.2021 has notified January 1, 2022 as the implementation date for Rule 10B of CGST Rules, 2017. In the said rule, it is mandatory for the registered person to undergo Aadhaar authentication for the below purposes, Filing of application for revocation of cancellation of registration in FORM […]

GST: Govt notifies sections 108, 109 & 113 to 122 of Finance Act, 2021 wef 01.01.2022

December 22, 2021 105291 Views 0 comment Print

Government notifies provisions of sections 108, 109 and 113 to 122 of Finance Act, 2021 (FA, 2021) wef 1st day of January, 2022 vide Notification No. 39/2021–Central Tax | Dated: 21st December, 2021. Ministry Of Finance (Department Of Revenue) (Central Board Of Indirect Taxes And Customs) New Delhi Notification No. 39/2021–Central Tax | Dated: 21st […]

Significance of Commencement of Business

December 22, 2021 4500 Views 0 comment Print

Before commencing the business the director needs to file a declaration to commence the business and exercise borrowing powers as stipulated under Section 10A of the Companies Act, 2013 within 180 days of the incorporation of the Company.

Rental Income & Capital Gains: Taxes for Your First Real Estate Investment

December 21, 2021 9570 Views 0 comment Print

Do you intend to buy your first ever real estate property this coming month? Well, congratulations! But did you also know that you could generate rental income from that property of yours? Buying your first real estate property is a significant step for any investor.

RTI Reply on New Income Tax Portal Designed by Infosys

December 21, 2021 1407 Views 0 comment Print

On which date work regarding new Income Portal was granted to Infosys, when was it commenced, when was it completed and when was it tested?

Section 153A assessment invalid if section 153D approval granted in Mechanical manner

December 21, 2021 2160 Views 0 comment Print

Approval granted by superior authority in mechanical manner solely relying upon the implied undertaking obtained from AO in the form of draft assessment order, defeated the very purpose of obtaining approval under section 153D and consequently, impugned assessment relatable to search was non est and a nullity and was, therefore, quashed.

Mandatory Aadhar authentication for GST Refund & Revocation application

December 21, 2021 24969 Views 0 comment Print

CBIC has vide notification No. 35/2021-Central Tax has notified rules related to Mandatory Aadhar authentication for GST Refund application and GST for GST Registration Revocation application. Now CBIC has vide Notification No. 38/2021–Central Tax | Dated: 21st December, 2021 made these rules applicable w.e.f 1st Jan 2022. The Government vide the abovementioned notification has notified […]

Markets At Record Highs: Should You Stop Mutual Funds SIP, Book Profit, Wait For Correction Or Continue?

December 20, 2021 2382 Views 0 comment Print

The Indian stock markets have recorded an all time high with the Sensex touching the 62,245.43 mark in October 2021 for the first time ever since its inception. At the same time, Nifty 50 have hit the fresh all time high of 18,000!

IFSCA sets up committee to create Framework for transfer of stressed loans

December 18, 2021 591 Views 0 comment Print

IFSCA sets up committee for creating a Framework for transfer of stressed loans from domestic lenders to permitted financial institutions in IFSC The Reserve Bank of India (RBI) has recently (vide the RBI (Transfer of Loan Exposures) Directions, 2021 dated September 24, 2021 replaced the existing instructions on the matter of sale/transfer of loan exposures […]

Govt Amends Minerals Rules and Mineral Auction Rules

December 18, 2021 1053 Views 0 comment Print

Amendment of the Minerals (Evidence of Mineral Contents) Rules, 2015 and the Mineral (Auction) Rules, 2015 to facilitate identification of mineral blocks for auction for grant of Composite Licence. Amendment Focusses on More Participation and Competition. State Government Constituted Committee to Assess Mineral Potentiality of Proposed Block for Auction. Ministry of Mines has notified the […]

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