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Alleged Harassment by GST Authorities – Taxpayer tried to Commit Suicide- HC issues Notices

February 15, 2021 4683 Views 1 comment Print

This is one more matter amongst many other matters that have come up before us over a period of time wherein serious allegations of threats, pressure, coercion, etc. have been levelled against the respondents Nos.3, 4 and 5 respectively. It is pointed out by Dr. Poddar, the learned counsel appearing for the writ applicants that the harassment was to such an extent that the writ applicant No.2 attempted to commit suicide

FASTag declared mandatory w.e.f midnight of 15th/16th February 2021

February 15, 2021 2889 Views 1 comment Print

Ministry of Road Transport & Highways has decided that all lanes in the fee plazas on National Highways shall be declared as FASTag lane of the fee plaza w.e.f midnight of 15th/16th February 2021.

Exposure Draft Standard for Audit of Smaller & Less Complex Entities

February 13, 2021 1119 Views 0 comment Print

Exposure Draft Standard for Audit of Smaller and Less Complex Entities (SA-SLCE) Your comments on this Exposure Draft should reach us by March 31, 2021 Comments are most helpful if they indicate the specific paragraph(s) to which they relate, contain a clear rationale and, where applicable, provide a suggestion for alternative wording

ICSI e-Book on Union Budget 2021-22

February 13, 2021 2406 Views 0 comment Print

Hon’ble Finance Minister Smt. Nirmala Sitharaman on 1st February, 2021, the Union Budget 2021 proposes several reforms for the India Inc. including the persuasion of digital transformation in the Regulatory arena building a new MCA-21 3.0 using data analytics, artificial intelligence, and machine learning.

ICAI elects New Torchbearers for the year 2021-22

February 13, 2021 2226 Views 0 comment Print

CA. Nihar N Jambusaria has been elected as the President and CA. (Dr.) Debashis Mitra has been elected as the Vice-President of The Institute of Chartered Accountants of India w.e.f. February 12, 2021.

Budget 2021: Proposed amendments to CGST & IGST Act, 2017

February 13, 2021 2445 Views 0 comment Print

Proposed amendments to CGST Act, 2017 Budget 2021 1. GST on supply by clubs, associations etc to its members -Section 7(1)(aa) and an explanation clause proposed to be inserted in the CGST Act, retrospectively with effect from the 1st July 2017,To ensure levy of tax on activities or transactions involving supply of goods or services […]

Valuation : Professional Insight

February 12, 2021 912 Views 0 comment Print

Valuation is the most fundamental term in finance but is extremely crucial to understand while deriving the value. Also, several events in recent past have transpired to provide an indication of the public concern on valuation and the impact on shareholders and other stakeholders. Fund Providers, both equity and debt, have been active in asking […]

Cheating By ‘Digital National Motor Insurance’ by Selling Insurance Policies

February 11, 2021 1014 Views 1 comment Print

It has been brought to the notice of IRDAI that an entity by the name of DIGITAL NATIONAL MOTOR INSURANCE, operating from #DNMI co. ltd. Portal Office, Krishna Raja Puram, Insurance Info Building, Devasandra, Bangalore – 560036

Product Structure for Insurance of RPAS/ Drones

February 11, 2021 528 Views 0 comment Print

Product Structure for Insurance of Remotely Piloted Aircraft System (RPAS) / Drones – Currently, only a few general insurers in the Indian Market are offering insurance cover for RPAS/Drones through existing products under Aviation Insurance.

Companies (Share Capital and Debentures) Amendment Rules, 2021

February 11, 2021 4974 Views 0 comment Print

MCA notifies Companies (Share Capital and Debentures) Amendment Rules, 2021 to insert Rule 12A in Companies (Share Capital and Debentures) Rules, 2014. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 11th February, 2021 G.S.R. 113(E)—In exercise of the powers conferred by sub clause (i) of clause (a) of sub-section (1) of section 62, read with […]

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