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Bombay HC dismisses plea for GSTR9/9C due date extension (Read order)

February 26, 2021 36129 Views 2 comments Print

Goods and Services Tax Practitioners’ Association Vs. Union of India (Bombay High Court) On due consideration, we are not inclined to accede to the prayer made by the petitioners that too at this eleventh hour. It is not that the time-limit has not been extended. The initial due date of 31.12.2020 has been extended to […]

Verify status of Nidhi companies before investment: MCA

February 25, 2021 6486 Views 1 comment Print

Investors are advised to verify the antecedents / status of a Nidhi Company especially their declaration of their status as Nidhi Company by the Central Government before becoming its member and investing their hard earned money in such companies.

Government notifies rules for OTT Platforms, Social & Digital Media

February 25, 2021 8430 Views 1 comment Print

Ministry of Information & Broadcasting Government notifies Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules 2021 Social media platforms welcome to do business in India but they need to follow the Constitution and laws of India Social media platform can certainly be used for asking questions and criticise Social media platforms have empowered […]

MCA & CBIC sign MoU for exchange of data

February 25, 2021 819 Views 0 comment Print

MCA & CBIC sign MoU for exchange of data for enhancing Ease of Doing Business in India and improve overall regulatory enforcement

Allahabad HC rejects Bail Application of Aparna Purohit in ‘TANDAV’ web series case

February 25, 2021 2370 Views 0 comment Print

Legal analysis of Aparna Purohit’s anticipatory bail rejection in ‘Tandav’ case. Allahabad High Court decision on OTT content and fundamental rights.

Cabinet approves Production Linked Incentive Scheme for IT Hardware

February 25, 2021 615 Views 0 comment Print

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved the Production Linked Incentive (PLI) Scheme for IT Hardware. The scheme proposes production linked incentive to boost domestic manufacturing and attract large investments in the value chain of IT Hardware. The Target Segments under the proposed Scheme include Laptops, Tablets, All-in-One PCs andServers.

Cabinet approves Production Linked Incentive Scheme for Pharmaceuticals

February 25, 2021 777 Views 0 comment Print

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved Production Linked Incentive (PLI) Scheme for Pharmaceuticals over a period of Financial Year 2020-21 to 2028-29.

I-T Dept Searches Gurugram based real estate Company

February 25, 2021 693 Views 0 comment Print

Income Tax Department initiated search under section 132 of the Income-tax Act, 1961 today in the case of a Gurugram based real estate Company, its promoters, directors and other group companies, covering a total of 20 premises. The said Company is in the business of government contracts specialising in construction of roads, highways, bridges and runways. The group is in the business of real estate development and residential complexes.

File GSTR-9 & GSTR-9C for FY 2019-20 by February 28, 2021

February 24, 2021 29910 Views 4 comments Print

Attention GST Taxpayers whose Aggregate Annual Turnover for the FY 19-20 is more than Rs. 5 crore! File your Annual Return along with Reconciliation statement GSTR-9C before February 28, 2021. Attention GST Taxpayers whose aggregate annual turnover for the FY 19-20 is more than Rs. 2 crore! File Annual GSTR-9 Return before February 28, 2021.

Interesting facts about education loans that you may not know

February 23, 2021 3306 Views 0 comment Print

The cost of education is touching the roof. Further education, whether it is in India or abroad, is getting expensive by the day. These high expenses can put a dent on the aspirations of bright students wishing to pursue further education and carve exciting careers. However, all is not lost. Banks and NBFCs provide education […]

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