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GST: Validity of Section 13(8)(B) ‘Intermediary Service’ – HC Judges Differs

June 10, 2021 13755 Views 0 comment Print

Dharmendra M. Jani Vs Union of India and others (Bombay High Court) Vide this petition challenge made in this writ petition is to the constitutionality of section 13(8)(b) and section 8(2) of the Integrated Goods and Services Tax Act, 2017. Justice Ujjal Bhuyan while coming to the judgment of the Gujarat High Court in Material […]

Usage of Automated Teller Machines / Cash Recycler Machines – Review of Interchange Fee and Customer Charges

June 10, 2021 1050 Views 0 comment Print

The Reserve Bank of India had constituted a Committee in June 2019 under the Chairmanship of the Chief Executive, Indian Banks’ Association to review the entire gamut of Automated Teller Machine (ATM) charges and fees with particular focus on interchange structure for ATM transactions.

ICSI announces CS Foundation, Executive & Professional Exam Dates

June 8, 2021 471 Views 0 comment Print

In furtherance to its announcement dated 4th May 2021, The Institute of Company Secretaries of India, has decided to hold its Examinations for Foundation Programme, Executive Programme (old and New syllabus) and Professional Programme (old and New Syllabus) from 10th August, 2021 to 20th August, 2021.

Investigation on imports of Textured Tempered Coated & Uncoated Glass

June 7, 2021 1287 Views 0 comment Print

Case No. SSR-10/2021 Sunset Review Investigation on imports of Textured Tempered Coated and Uncoated Glass from China PR

Request for extension of time limit for Re-registration u/s 12AB for Charitable Trusts/NGOs

June 6, 2021 2229 Views 1 comment Print

BJP professional cell has requested FM Smt. Nirmala Sitharaman Madam through its president CA Shailesh R. Ghedia  for extension of time limit for Re-registration under section 12AB of Income Tax Act, 1961 for Charitable Trusts/NGOs. Text of their representation is as follows:- BJP Professional Cell Date :- 05.06.2021 To Smt. Nirmala Sitharaman Madam Hon’ble Union […]

₹ 1,02,709 crore gross GST revenue collected in May

June 6, 2021 582 Views 0 comment Print

The gross GST revenue collected in the month of May 2021 is₹1,02,709 crore of which CGST is ₹17,592 crore, SGST is ₹22,653, IGST is ₹53,199 crore (including ₹26,002 crore collected on import of goods) and Cess is ₹ 9,265 crore (including ₹868 crore collected on import of goods).

IBBI invites expression of interest (EOI) from IPs

June 5, 2021 1464 Views 0 comment Print

IBBI shall invite expression of interest (EOI) from IPs, in Form A, by sending an e-mai1 to IPs at their email addresses registered with the Board. Accordingly, an e-mail has been sent to your email ID registered with the Board, seeking EOI for appointment as IRP, Liquidator, RP and BT from July 1, 2021 to December 31, 2021, as per aforesaid guidelines.

No Penalty under Wealth tax if AO not specifies that default relates to concealment and/or furnishing of inaccurate particulars

June 4, 2021 2784 Views 0 comment Print

Smt. Yannaben Anilbhai Jethani Vs ITO (ITAT Rajkot) We find that the issue for our consideration is, whether penalty initiated and levied under section 18(1)(c) of the Wealth Tax Act, without clearly specifying particular default relates concealment of wealth and/or furnishing of inaccurate particulars is valid in law ? The contention of the assessee that […]

Cabinet approves Model Tenancy Act

June 3, 2021 783 Views 0 comment Print

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the Model Tenancy Act for circulation to all States / Union Territories for adaptation by way of enacting fresh legislation or amending existing rental laws suitably.

SEBI signs MoU with CSSF, Luxembourg

June 3, 2021 648 Views 0 comment Print

SEBI and the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) have entered into a bilateral Memorandum of Understanding (MoU) for mutual co-operation and technical assistance.

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