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CESTAT ask registry to adhere to SC direction on period of limitation

October 5, 2021 1119 Views 0 comment Print

The Registry should not insist for a delay condonation application to be filed in appeals governed by the above said order of the Supreme Court. If an appellant, however, desires to take the benefit of the order dated 23.09.2021 passed by the Supreme Court, then such a statement should be made by the appellant in the verification column and in the respective column of the date of receipt of impugned order in EA-3/CA-3/ST-5 Form. All concerned are, therefore, required to adhere to the aforesaid directions.

Request for extension of time limit of Rajasthan Amnesty Scheme 2021

September 25, 2021 2310 Views 0 comment Print

The above Amnesty Scheme 2021 is valid up to 30.09.2021. In this regard it is submitted that there are so many rectification application for mismatch of ITC are also pending with the Commercial Taxes Deptt. Level which are to be disposed off and due to this the dealers are not able to avail the benefit of the Amnesty Scheme.

CVD on import of Aluminium Wire in coil form/Wire Rod in coil form

September 24, 2021 2529 Views 0 comment Print

Seeks to impose countervailing duty on Aluminium Wire in coil form/Wire Rod in coil form having diameter ranging from 9 mm to 13 mm exported from Malaysia for a period of 5 years. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 04/2021-Customs (CVD) New Delhi, the 24th September, 2021 G.S.R. 662(E). -Whereas, […]

IRDA penalises Surveyor company for engaging unlicensed surveyor

September 20, 2021 1611 Views 0 comment Print

Survey either engaging unlicensed surveyor or surveyors who are not holding license in relevant areas of risk. Provision: Regulation 12(1) and Regulation 16(5) under Chapter VI (Code of Conduct) of IRDAI Insurance Surveyor and Loss Assessors) Regulations, 2015.

Compensation of Key Employees of AMCs- SEBI further clarifies

September 20, 2021 1083 Views 0 comment Print

For junior employees, the provision under para 2(i) of the Alignment Circular shall be implemented in a phased manner i.e. 10% in the 1st year and 15% in the 2nd year of implementation of the Alignment circular. In other words, junior employees shall be required to invest 10% during October 01, 2021 to September 30, 2022 and 15% during October 01, 2022 to September 30, 2023.

IRDA penalises Surveyors for issuing survey report without valid licence

September 16, 2021 2943 Views 0 comment Print

The SLA has submitted that the delay in issuing survey report was due to non-receipt of necessary documents from the insured.  If the documents, as claimed by the SLA, had not been received from the insured till the retirement of the Surveyor in question, then the submission of the SLA that the said survey was carried […]

Non-Bank Entity recognised as a custodian by IFSCA permitted to become Clearing Member

September 15, 2021 411 Views 0 comment Print

Any non-bank entity recognised as a custodian of assets/securities by IFSCA through the branch structure, shall be permitted to become a Clearing Member of a Clearing Corporation in GIFT-IFSC. For this purpose, the entity shall comply with the following conditions:

Meeting of BRICS Heads of Tax Authorities and Experts on Tax Matters

September 15, 2021 513 Views 0 comment Print

The Heads of Tax Authorities of the BRICS countries, namely the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa held a virtual meeting here today under the Chairship of India.Shri Tarun Bajaj, Secretary, Revenue, Government of India, in his capacity as Head of Tax Authorities in India, presided over this meeting.

GST Evasion: DGGI Gurugram arrests 3 including a CA

September 15, 2021 1005 Views 0 comment Print

DGGI Gurugram Zonal Unit (GZU), Haryana has arrested 3 persons including a CA on charges of creating and operating multiple fictitious firms on forged documents and passing large amounts of fake input tax credit by way of issuance of invoices without any actual receipt or supply of goods or services.

Tribunal (Conditions of Service) Rules, 2021

September 15, 2021 8271 Views 0 comment Print

Government notified Tribunal (Conditions of Service) Rules, 2021. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 15th September, 2021 G.S.R. 635(E).—In exercise of the powers conferred by section 3 of the Tribunal Reforms Act, 2021 (33 of 2021) and in supersession of the Tribunal, Appellate Tribunal and other Authorities (Qualifications, Experience and other […]

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