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Notification No. 15/2021-Union Territory Tax (Rate), Dated: 18.11.2021

November 18, 2021 1881 Views 0 comment Print

Seeks to amend Notification No 11/2017- Union territory Tax (Rate) dated 28.06.2017. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 18th November, 2021 Notification No. 15/2021-Union Territory Tax (Rate) G.S.R. 809(E).—In exercise of the powers conferred by sub-sections (1), (3) and (4) of section 7, sub-section (1) of section 8, clause (iv), clause (v) […]

Annual Information Statement (AIS) User Guide – AIS Utility

November 17, 2021 188580 Views 3 comments Print

User can view Annual Information Statement (all parts and information) by importing the downloaded (AIS) – JSON file and can prepare the feedback through AIS Utility as well in offline mode. The purpose of this document is to provide a comprehensive understanding of the Annual Information Statement (AIS) Utility available at Compliance Portal (AIS Homepage). […]

Investor Charter for Investors in Securities Market

November 17, 2021 657 Views 0 comment Print

SEBI has published an Investor Charter for Investors in the Indian Securities Market. This Investor Charter, inter-alia, includes the rights and responsibilities of investors and do’s and don’ts of investing in Securities market.

SEBI Consultation Paper for Market Making in Corporate Bonds

November 17, 2021 840 Views 0 comment Print

Market makers provide liquidity to facilitate efficiency in the functioning of the financial markets. Market makers as well as other liquidity providers and their role in creating liquidity in fixed income markets are of particular interest to policymakers, given the relevance of these markets to monetary policy and financial stability.

PVAT: No penalty merely for issue of invoice in two consecutive serial numbers

November 17, 2021 14730 Views 0 comment Print

Punjab VAT Tribunal held that merely because the invoice is issued in two consecutive serial numbers, that cannot lead to presumption of tax evasion. Hence Penalty levied u/s 51(7) (b) of Punjab VAT Act 2005 is quashed.

Experts Committee Recommends to develop IFSC as Global (Re)Insurance Hub

November 16, 2021 1296 Views 0 comment Print

The Committee after widespread consultations, incisive studies and in-depth discussions has made far reaching recommendation to develop IFSC as Global (Re)Insurance Hub in its report submitted to Chairperson, IFSCA

CESTAT allows Provincial Release of Goods Detained on Execution of Bond, Bank Guarantee

November 16, 2021 1002 Views 0 comment Print

CESTAT Kolkata orders provisional release of seized goods. Apex International vs Commissioner of Customs. Guidelines considered. Full text of CESTAT order.

Assessable Value cannot be enhanced on the basis of Price quoted in Proforma Invoice

November 16, 2021 846 Views 0 comment Print

Trading Syndicate Proprietor – Shri Mohinder Goel Vs Commissioner of Customs(Port) (CESTAT Kolkata) present proceeding was initiated against the appellant on the allegation that the goods imported by him had been undervalued. It is on record that the bills of entry were assessed by the Proper Officer and the assessable value was determined by him and […]

CBDT grants Non-Functional Up-Gradation in HAG to 66 officers

November 15, 2021 3249 Views 0 comment Print

Notification No. 06 of 2021 – Granting of Non-Functional Up-Gradation (NFU) In The Higher Administrative Grade (HAG) to 66 officers of the Indian Revenue Service. Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** New Delhi, dated the 15th. November, 2021. 24 Kartik, 1943 (SAKA) NOTIFICATION NO. 06 OF […]

Mandatory seeding of Aadhaar Number with UAN for filing of ECR

November 15, 2021 4728 Views 0 comment Print

Mr Harsh Kaushik, Deputy Director (Information Services); E-mail Id- help@epfindia.gov.in; has been nominated as grievance redressal officer who can be contacted by any employer to mitigate any technical problem in filling of ECR arising due to Aadhaar seedings/non-seedings with UANs.

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