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Income Tax Department conducts searches in Delhi- NCR, Haryana, Punjab, Uttarakhand & Goa

October 27, 2020 513 Views 0 comment Print

The Income tax Department has carried out a search and seizure action on 26.10.2020 on a large network of individuals running the racket of entry operation and generation of huge cash through fake billing. The search operations have been conducted on 42 premises across Delhi- NCR, Haryana, Punjab, Uttarakhand and Goa.

Anti-Dumping duty on Fluoroelastomers extended till 27.11.2020

October 27, 2020 336 Views 0 comment Print

Seeks to further amend notification No. 6/2019-Customs (ADD) dated 28th January, 2019 to extend the levy of Anti-Dumping duty on Fluoroelastomers (FKM) originating in or exported from China PR up to and inclusive of 27th November, 2020. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 33/2020-Customs (ADD) New Delhi, the 27th October, […]

Residual action by CGST Commissionerates in respect of Adverse Orders of HCs

October 27, 2020 1173 Views 0 comment Print

References have been received in the Board regarding the action required to be taken by CGST Commissionerates in respect of adverse orders of Hon’ble High Courts, wherein the taxpayer is assigned to the respective State tax administration.

Employees’ State Insurance (Central) Amendment Rules, 2020

October 27, 2020 8505 Views 0 comment Print

(1) These rules may be called the Employees’ State Insurance (Central) Amendment rules, 2020. (2) They shall come into force on the date of their final publication in the Official Gazette.

MHA extends the Guidelines for Re-opening

October 27, 2020 897 Views 0 comment Print

Since the issuance of the first Order on lockdown measures by MHA on 24thMarch 2020, almost all activities have been gradually opened up in areas outside the Containment Zones. While most of the activities have been permitted, some activities involving large number of people, have been allowed with some restrictions and subject to SOPs being followed regarding health and safety precautions. These activities include – metro rail; shopping malls; hotel, restaurants and hospitality services; religious places; yoga and training institutes; gymnasiums; cinemas; entertainment park etc.

Rajasthan VAT: Extend due dates of statutory Forms & Declarations

October 27, 2020 6180 Views 0 comment Print

We request your good self to provide appropriate relaxation to the registered person and extend the due dates of all compliances which were due to be complied by the current due date of 30th Sept 2020 to 31st March 2021.

RBI direct banks for ex-gratia payment of interest on interest

October 26, 2020 2661 Views 0 comment Print

RBI direct banks to implement Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (1.3.2020 to 31.8.2020)

Composition Taxpayers can now file NIL statement through SMS

October 26, 2020 14322 Views 1 comment Print

Goods and Services Tax Network (GSTN), the IT backbone of GST system, has launched the facility of filing of NIL statement for Composition Taxpayers. With this, Composition taxpayers can now file NIL statement in Form GST CMP-08 through SMS and without logging in to the GST portal. CMP-08 is a quarterly statement of self-assessed tax to be submitted by Composition Taxpayers.

Anti-dumping investigation on imports of Choline Chloride

October 26, 2020 729 Views 0 comment Print

Case No. ADD-OI-12/2019 Anti-dumping investigation concerning imports of Choline Chloride in all forms originating in or exported from China PR, Malaysia and Vietnam.

Is SMAIT a Trust registered as an AIF qualify as Qualified Buyer?

October 26, 2020 768 Views 0 comment Print

The existing SEBI norms limit Qualified Buyers only to those AlFs which are body corporate. Since SMAIT (the Fund) is a Trust registered as an AIF will SMAIT (the Fund) also qualify as Qualified Buyer and can invest/ acquire Security Receipts?

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