editor's Posts - Page 4

IRDAI extends exemption from physical proposal form & wet signature till 31.03.2022

Ref. No: IRDAI/NL/CIR/MISC/247/09/2021 13/09/2021

The exemptions granted for issuance of electronic policies as well as dispensing with physical document and wet signature have been extended upto the period 31/03/2022....

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Application for Aadhaar e-KYC Authentication Licence

RBI/2021-22/98 DOR.AML.REC 48/14.01.001/2021-22 13/09/2021

A detailed procedure for processing of applications under the aforementioned Section for use of Aadhar authentication services by entities other than banking companies has been provided by the Department of Revenue, Ministry of Finance vide their circular dated May 9, 2019....

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36 officers promoted to the Grade of CCIT

Office Order No. 226/2021 31/08/2021

Office Order No. 226 of 2021 Consequent upon approval of the Competent Authority, the following officers are, hereby, promoted to the grade of Chief Commissioner of Income Tax (CCIT) (level 16 in the pay matrix Rs. 2,05,400-2,24,400/-) for the panel year 2021 on in-situ basis with immediate effect or w.e.f. the date of assumption of ch...

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New Cut-off date for conversion from Earlier Scheme for CA Students

Students who have not yet converted themselves from Earlier Scheme to Revised Scheme of Education and Training implemented w.e.f. 1st July, 2017, to appear in Foundation, Intermediate and Final Examinations being held under Revised Scheme in December, 2021 may convert themselves latest by 30th September, 2021....

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Posted Under: Corporate Law |

Clarification on extension of limitation under GST Law in terms of SC Order

Circular No. 10/2021-22-GST 25/08/2021

Government has issued notifications under Section 168A of the Goa GST Act, 2017, wherein the time limit for completion of various actions, by any authority or by any person, under the Goa GST Act, which falls during the specified period, has been extended up to a specific date, subject to some exceptions as specified in the said notificat...

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Depreciation not allowable on non-compete fee

Fortis Hospitals LTD. Vs ACIT (Delhi High Court)

Fortis Hospitals LTD. Vs ACIT (Delhi High Court) The appellant had entered into a Business Transfer Agreement with Wockhardt Hospitals Ltd. on 24.08 .2009, for acquiring a business division of Wockhardt Hospitals Ltd. consisting of ten hospitals situated in the cities of Bangalore, Kolkata and geographical limits of Eastern Mumbai. The ap...

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SEBI notifies Penalty for Repeated Delivery Default

Circular No. SEBI/HO/CDMRD/DRMP/CIR/P/2021/619 17/08/2021

It is felt that there is a need to put in place a suitable deterrent mechanism to address instances of repeated delivery defaults. This is expected to further strengthen the delivery mechanism and ensure market integrity....

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IGST on importation of tank containers lease services into India

In re Deccan Transco Leasing Private Limited (GST AAR Telangana)

In re Deccan Transco Leasing Private Limited (GST AAR Telangana) Is GST liable to be paid on leasing of tank containers taken form a supplier i e., lessor who is located outside India and the tank containers do not reach India? As it is finance lease, it is supply of goods and tank containers do […]...

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IFSCA Guidelines on Factoring and Forfaiting of Receivables

F. No 172/ IFSCA/Finance Company Regulations/2021-22/10 17/08/2021

IFSCA Guidelines on Factoring and Forfaiting of Receivables shall be applicable to Finance Companies / Finance Units registered with the Authority under regulation 3 of the Regulations that are intending to undertake the activity of Factoring and Forfaiting of receivables....

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DGGI, Hyderabad detect and recover Rs. 79.66 crore of ITC availed

D.O. No. 83/CH(IC)/2020 16/08/2021

M. Ajit Kumar  Chairman Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs North Block, New Delhi-110001 Tel. No. +91-11-23092849, Fax : +91-11-23092890 E-mail : [email protected] D.O. No. 83/CH(IC)/2020 Date: 16th August 2021 Dear Colleague The week that went by, culminated on a festi...

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May 2022