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SEBI (Alternative Investment Funds) (Amendment) Regulations, 2021

January 8, 2021 2034 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2021. They shall come into force on the date of their publication in the Official Gazette.

DGGI Gurugram arrests one for fraudulently availing ITC of Rs 8 crore

January 8, 2021 774 Views 0 comment Print

The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), Haryana has arrested one Shri Sanjay Goel, resident of New Delhi on charges of illegally availing and passing on input tax credit (ITC)  on goods-less invoices.

DGFT enlist ‘All India Plastics Manufacturers’ Association’

January 8, 2021 744 Views 0 comment Print

M/s The All India Plastics Manufacturers’ Association (North Zone), Gurugram, Haryana is enlisted under Appendix 2E of FTP, 2015-2020 for issuing Certificate of Origin (Non-Preferential).

ICAI Launches 100 Facilitation Centre for MSME/GST

January 8, 2021 1902 Views 0 comment Print

ICAI launched MSME Mentorship Programme & 100 Facilitation Centre for MSME/GST during National Conclave on Empowering MSMEs towards Aatmaniarbhar Bharat to make them globally competitive.

DGFT amends import policy of items under Chapter 41 & 43

January 7, 2021 1461 Views 0 comment Print

Import policy of some items classified under Chapter 41 and 43 of ITC (HS), 2017, Schedule – I (Import Policy) is amended from ‘prohibited’ to ‘free’ and new policy conditions added to Chapter 41 and 43.

No Malpractices In CMA Exam & No Cancellation of Exam

January 7, 2021 1515 Views 0 comment Print

It has come to the notice of the Institute that some individuals and CMA groups have been circulating false propaganda containing false and fake documents in social media to create an impression in the minds of the students, members and public at large that there are malpractices going on in the conduct of Institute’s online examinations of Intermediate and Final and that the examinations are likely to be cancelled.

IRDAI proposes Para 2 of Part 1 of Schedule B of IRDA Financial Statements

January 7, 2021 1842 Views 0 comment Print

The Unexpired Premium Reserve [UPR] provisions formed part of Para 2 of Schedule B of IRDA (Preparation of Financial Statements and Auditor’s Report of Insurance Companies) Regulations, 2002. On notification of Insurance Laws (Amendment) Act, 2015, the provisions of Section 64V (1)(ii)(b) have been deleted. Accordingly, the said provisions of UPR mentioned in the Regulation were amended through a circular as a stop gap arrangement.

HC explains Parallel enquiries on same GST issues by State & CGST authorities

January 7, 2021 10416 Views 0 comment Print

RCI Industries And Technologies Ltd Vs Commissioner DGST Delhi & Ors. (Delhi High Court) If an officer of the Central GST initiates intelligence- based enforcement action against a taxpayer administratively assigned to State GST, the officers of the former would not transfer the said case to their counterparts in the latter department and they would […]

ITAT allows section 54 deduction on multiple flats in same premises

January 6, 2021 8775 Views 0 comment Print

Maurice Patrick De Rebello Vs ITO (ITAT Bangalore) The facts of the assessee’s case are similar to the case of Smt.K.G.Rukminiamma reported in 331 ITR 221 (Kar.) In the case of K.G.Rukminiamma (supra) the assessee on a site measuring 30′ x 110′ had a residential premises. Under a joint development agreement the assessee gave that […]

Hc explains category of Directors seeking setting aside of disqualification & activation of DIN/DSC

January 6, 2021 1509 Views 0 comment Print

Delhi HC sets aside director disqualification in Anjali Bhargava vs Union of India case. Reactivation of DIN and DSC ordered for CFSS-2020 benefit.

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