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Anti-dumping duty on imports of Glazed/Unglazed Porcelain/Vitrified tiles

September 30, 2021 1350 Views 0 comment Print

Anti-dumping duty on imports of  Glazed/Unglazed Porcelain/Vitrified tiles in polished or unpolished finish with less than 3% water absorption originating in or exported from China PR further extended till 28th February, 2022 vide Notification No. 54/2021-Customs (ADD) | Dated: 30th September, 2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 30th September, 2021 Notification No. 54/2021-Customs […]

IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2021

September 30, 2021 1605 Views 0 comment Print

These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2021.

Changes in IGST Rate on Certain Goods WEF 01.10.2022

September 30, 2021 2541 Views 0 comment Print

CBIC amended IGST Rate on certain goods with effect from 1st day of October, 2021 to implement recommendations made by GST Council in its 45th meeting held on 17.09.2021. Notification No. 08/2021- Integrated Tax (Rate) | Dated: 30th September, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 8/2021-Integrated Tax (Rate) New […]

Supply of cooking gas via pipeline with Maintenance Service is Composite Supply

September 30, 2021 8709 Views 0 comment Print

In re Masterly Kolkata Facility Maintenance Pvt Ltd. (GST AAR West Bengal) Whether supply of cooking gas through pipeline as provided by the applicant should be classified as supply of goods or supply of services. It is submitted by the applicant that the apartment owners are at liberty either to get the supply of cooking […]

IRDAI: Public Disclosures by Insurers

September 30, 2021 5550 Views 0 comment Print

Insurers may note that the revised instructions shall come into effect from the financial year 2021-22 and the uploading of disclosures on website shall be on quarterly basis from the period ending 30th September, 2021 whereas publishing in Newspapers will be on half yearly basis from the period ending 30th September, 2021.

NIFTEM Act, 2021 applicable from 1st day of October, 2021

September 30, 2021 579 Views 0 comment Print

National Institutes of Food Technology Entrepreneurship and Management (NIFTEM) Act, 2021 notified to be applicable from 1st day of October, 2021 MINISTRY OF FOOD PROCESSING INDUSTRIES NOTIFICATION New Delhi, the 30th September, 2021 S.O. 4036(E).—In exercise of the powers conferred by Sub-section (2) of Section 1 of the National Institutes of Food Technology Entrepreneurship and […]

Government approves continuation of NEIA scheme

September 29, 2021 666 Views 0 comment Print

Government has today approved capital infusion of has approved contribution of Grant-in-aid (Corpus) of ₹1,650 Crore to National Export Insurance Account (NEIA) over a period of five years, i.e. from FY 2021-2022 to FY 2025-2026.

Cabinet approves listing of ECGC Ltd. through IPO

September 29, 2021 381 Views 0 comment Print

Cabinet given approval for listing of M/s. Export Credit Guarantee CorporationLtd. (ECGC), an unlisted CPSE through the Initial Public Offer (IPO) on the Stock Exchange under the SEBI’s (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Government approves Rs. 4,400 crore investment in ECGC Ltd.

September 29, 2021 624 Views 0 comment Print

Government has today approved capital infusion of ₹4,400 crore to ECGC Ltd. (formerly known as Export Credit Guarantee Corporation of India Ltd.) over a period of five years, i.e. from FY 2021-2022 to FY 2025- 2026.

TP: Depreciation is Operating & revenue from Sale of Asset is non-operating in nature

September 29, 2021 3438 Views 0 comment Print

Depreciation expense to be considered as operating & revenue generated from non-routine business operations to be considered as non-operating in nature in transfer pricing calculations for taxpayers as well as comparable companies.

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