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Economy Instructions Related To Printed Activities to save cost

September 2, 2020 438 Views 0 comment Print

All calendars, diaries, schedulers and similar other materials, which were earlier printed in physical format, will now be done digitally by Ministries/Departments/PSUs/PSBs Ministries/Departments/PSUs/PSBs and all other organs of the government  to adopt innovative means to use digital or online methods

Withholding of Income Tax refund mere due to issue of Scrutiny is not valid

September 2, 2020 960 Views 0 comment Print

Conner Institute of Health Care And Research Centre Pvt. Ltd. Vs ITO (Delhi High Court) The exercise of withholding of refund under section 241A of the Act, pursuant to notice u/s 143(2) of the Act, without recording justifiable reasons, is not in consonance with the legislative intent and mandate of the aforesaid provision. The reasons […]

Disclosures on Margin obligations given by way of Pledge/ Re-pledge in Depository System

September 2, 2020 651 Views 0 comment Print

SEBI vide circular dated February 25, 2020 issued guidelines on acceptance of collateral from clients in the form of securities by Trading Member(TM) / Clearing Member (CM), only by way of ‘margin pledge’, created in the Depository system.

Anti-dumping duty on imports of Ciprofloxacin Hydrochloride

September 2, 2020 528 Views 0 comment Print

Notification No. 28/2020-CUSTOMS (ADD)- Seeks to impose provisional anti-dumping duty on imports of Ciprofloxacin Hydrochloride originating in or exported from China PR for a period of six months GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 28/2020-CUSTOMS (ADD) New Delhi, the 2nd September, 2020 G.S.R. …(E). – Whereas, in the matter of […]

IRDAI Order in the matter of MAGMA HDI GIC Ltd

September 2, 2020 1143 Views 0 comment Print

The IRDAI had conducted an onsite inspection of Magma HDI GIC Ltd during 18th to 29th December, 2017. The inspection report, inter alia, revealed certain violations of provisions of the Insurance Act, 1938, Regulations, Guidelines and various circulars issued thereunder.

Interest on delayed payment of TDS not allowable as business expenditure

September 1, 2020 75747 Views 0 comment Print

Govindam Clearing Agencies Pvt. Ltd Vs DCIT (ITAT Jaipur) AO had disallowed the interest and made an addition of Rs. 18,315/- on account of late deposit of TDS by the assessee. We find that the facts are undisputed that the assessee has claimed interest as expense incurred for delayed payment of TDS. We find that […]

GST Revenue collection for August, 2020

September 1, 2020 2352 Views 0 comment Print

The gross GST revenue collected in the month of August, 2020 is ₹ 86,449 crore of which CGST is ₹ 15,906 crore, SGST is ₹ 21,064 crore, IGST is ₹ 42,264 crore (including ₹ 19,179 crore collected on import of goods) and Cess is ₹7,215 crore (including ₹ 673 crore collected on import of goods).

Ceiling on MEIS benefits on exports made from 01.09.2020 to 31.12.2020

September 1, 2020 8967 Views 2 comments Print

A limit on total reward under MEIS has been imposed so that for exports made in the period 01.09.2020 to 31.12.2020 the total reward which can be claimed by an IEC holder does not exceed the ceiling of Rs. 2 Cr.

Anti-dumping investigation concerning imports of Flexible Slabstock Polyol

September 1, 2020 1443 Views 0 comment Print

Case No. (OI) 14/2019 Anti-dumping investigation concerning imports of Flexible Slabstock Polyol originating in or exported from the Kingdom of Saudi Arabia and United Arab Emirates (UAE) – Reg.

Corrigendum to Preliminary Findings Notification No. 6/16/2019-DGTR 07.08.2020

September 1, 2020 429 Views 0 comment Print

Corrigendum to Preliminary Findings in the anti-subsidy investigation concerning imports of Flat Products of Stainless Steel from Indonesia.

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