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National Savings Certificates (VIII Issue) (Amendment) Scheme, 2020 – Maturity Value notified

May 5, 2020 2370 Views 0 comment Print

National Savings Certificates (VIII Issue) (Amendment) Scheme, 2020- The maturity value of an account opened between 12th December, 2019 to 31st March, 2020 (both days inclusive) with one thousand rupees shall be one thousand four hundred sixty two rupees and fifty four paisa and proportionate for deposits made with any other sum as per sub-paragraph (1) of paragraph 4.

Kisan Vikas Patra (Amendment) Scheme, 2020- Maturity Period notified

May 5, 2020 1644 Views 1 comment Print

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 5th May, 2020 G.S.R. 283(E).—In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme to amend the Kisan Vikas Patra Scheme, 2019, namely:- 1. (1)This Scheme may […]

Azeagaia Development agreed to pass on ITC benefit to Flat Buyers: NAA

May 5, 2020 1524 Views 0 comment Print

Sh. Naresh K. Khetan Vs M/s. Azeagaia Development Pvt. Ltd. (National Anti-Profiteering Authority) The present Report dated 24.09.2019 has been received from the Applicant No. 2 i.e. the Director General of Anti-Profiteering (DGAP) after a detailed investigation under Rule 129 (6) of the Central Goods & Service Tax (CGST) Rules, 2017. The brief facts of […]

Additional duty of excise on petrol & diesel increased by Rs. 8 per litre

May 5, 2020 858 Views 0 comment Print

Seeks to amend notification No. 04/2019-Central Excise dated 6th July, 2019 so as to increase effective rate of Road and Infrastructure Cess (RIC) collected as additional duty of excise on petrol and diesel by Rs. 8 per litre vide Notification No. 06/2020-Central Excise dated 5th May, 2020. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF […]

Draft Chartered Accountants (Amendment) Regulations, 2019

May 4, 2020 1674 Views 1 comment Print

is registered with the Board of Studies of the Institute on or before 1st day of January or 1st day of July for the examination to be held in the months of May/June or November/December respectively; and has complied with such other requirements as may be decided by the Council from time to time.; and”

IBBI invites public comments on Regulations notified under IBC, 2016

May 4, 2020 465 Views 0 comment Print

The Insolvency and Bankruptcy Board of India invites comments from the public on the Regulations notified under the Insolvency and Bankruptcy Code, 2016.

Micafungin sodium not entitled for concessional rate of 5% GST

May 4, 2020 1026 Views 0 comment Print

In re Biocon Limited (DTA) (GST AAR Karnataka) The phrase “Micafungin Sodium for Injection” very clearly specifies the manner of administering Micafungin Sodium in the body. The applicant, during the personal hearing, with regard to possibility of administering Micafungin Sodium by any way other than injection, have not put anything on record but have stated that […]

GST on reimbursement of expenses to holding company located outside India

May 4, 2020 30294 Views 0 comment Print

In re ICU Medical India LLP (GST AAR Tamilnadu) Q1.Whether GST is leviable on the reimbursement of expenses from the Subsidiary Company to its ultimate holding company located in a foreign territory outside India. A1. The applicant is liable to pay IGST on the Wellsone Commercial Card’ expenses paid by the applicant to its Ultimate […]

Delhi HC grants relief to Indiabulls Housing Finance on NCD dues

May 3, 2020 1530 Views 0 comment Print

It has become impossible for the petitioner to effect recoveries of debts, owed to it by various institutions, which, in the submission of Mr. Nayar, aggregate to over Rs. 3 crores. In view thereof, the submission of Mr. Nayar is that, as the lockdown has been presently extended till 3rd May, 2020, this matter may be re-notified thereafter and ad interim direction be issued, restraining any coercive action being taken against his client, towards the loans allegedly owed by it, which stand set out in tabular form at page 64 of the writ petition.

SEBI Notification on capital & debt market services wef May 04, 2020

May 3, 2020 513 Views 0 comment Print

The Ministry of Home Affairs vide Order No.40-3/2020-DM-I(A)dated May 01,2020 has  issued revised guidelines on the measures to be taken for containment of COVID-19 in the country and directed that these measures will continue to remain in force for two weeks with effect from May 04, 2020. Accordingly,in terms of clause 10 of the said guidelines,the Notification dated April 15, 2020 issued by SEBI will continue to remain in force for two weeks with effect from May 04, 2020.

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