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All States except Jharkhand choose Option-1 to meet GST implementation shortfall

December 3, 2020 522 Views 0 comment Print

Government of Chhattisgarh has communicated its acceptance of Option-1 to meet the revenue shortfall arising out of GST implementation. The number of States who have favoured Option-1 has gone up to 27. All States except Jharkhand and all the 3 Union Territories with Legislative Assembly have decided in favour of Option-1.

India, USA sign MoU on Intellectual Property cooperation

December 3, 2020 363 Views 0 comment Print

Department for Promotion of Industry and Internal Trade(DPIIT), Ministry of Commerce and Industry has signed a Memorandum of Understanding (MoU) on 2nd December 2020, in the field of Intellectual Property Cooperation with the United States Patent and Trademark Office (USPTO), Department of Commerce of the United States of America.

Lorven Flex and Sack India allowed to withdraw AAR application

December 3, 2020 612 Views 0 comment Print

In re Lorven Flex and Sack India Pvt Ltd (GST AAR Telangana) In the reference 1st cited, M/s. Lorven Flex and Sack India Pvt Ltd has sought certain clarification by filing an application for Advance Ruling. Through the reference 2nd cited, Superintendent(Central Tax), Medchal Range, was requested to go through the attachment and inform the above […]

Keep membership statue live to generate UDIN, Article Registration etc.: ICAI

December 2, 2020 477 Views 0 comment Print

Attention of the members is also drawn to linkage of live membership status as a pre-requisite for all certification courses and access to DLH and other benefits including article registration in addition to generation of UDIN on all documents issued by Chartered Accountants for assignments related to audit, attestation and certification which has been made mandatory by ICAI.

Revocation of suspended OOC of Bill of Entry & LEO of Shipping Bill in ICES system

December 2, 2020 4356 Views 0 comment Print

In all the cases, when OOC officer notices the message-OOC can’t be given, contact to System Manager in ICES system at time of OOC of Bill of Entry, following procedure will be adopted by Import Docks/Groups/EDI for revocation of suspended OOC of Bill of Entry in the ICES system:-

Guidelines on Insurance claims of victims of Cyclone Nivar

December 2, 2020 261 Views 0 comment Print

As you are aware, cyclone Nivar (Nov,2020) has caused loss to property in some parts of the country. The General Insurers may have issued policies for protection of lives and property located in the affected areas. There is an urgent need for the insurance industry to take immediate steps to mitigate the hardships of the affected insured population by ensuring immediate registration and settlement of eligible claims.

GST: Writ petition not maintainable if petitioner got alternative efficacious remedy of appeal

December 2, 2020 1533 Views 0 comment Print

Tata Steel Bsl Ltd Vs Union of India (Orissa High Court) Mr. S. Mishra, learned Standing Counsel on behalf of the opposite parties-Revenue submits that the present writ petition is not maintainable as the petitioner has got an alternative efficacious remedy of appeal under Section 107 of the CGST Act, against the impugned order under […]

Section 127: Assessee cannot choose his Assessing Authority- HC

December 2, 2020 7344 Views 0 comment Print

Advantage Strategic Consulting Private Limited Vs PCIT (Madras High Court) Transfer Order passed under Section 127 of the Income Tax Act, 1961, is more in the nature of an administrative order rather than quasi-judicial order and the Assessee cannot have any right to choose his Assessing Authority, as no prejudice can be said to have […]

MCA extends last date of filing Form CRA-4 extended to 31.12.2020

December 1, 2020 3972 Views 0 comment Print

Relaxation of additional fees and extension of last date of filing of CRA-4 (form for filing of cost audit report) to 31st December, 2020 for FY 2019-20 under the Companies Act, 2013. General Circular No. 38/2020 Eoffice File No: 17/52/2020-CL-V GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS 5th Floor, ‘A’ Wing Shastri Bhawan, Dr. R.P. […]

Hazira Port enlisted for import of unshredded metallic scrap & waste

December 1, 2020 561 Views 0 comment Print

In continuation of Public Notice No. 43/2015-2020 dated 13.11.2019, Hazira Port is enlisted as a designated port for import of unshredded metallic scrap and waste.

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