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Charitable trust donating to activities other than education cannot be denied section 11 exemption

July 2, 2021 4197 Views 0 comment Print

Charity is clearly defined as relief of the poor, education, yoga, medical relief, preservation of environment, etc., Thus public charitable trust donating to activities other than education cannot be denied exemption u/s. 11 of the Act. Therefore, the conclusion of the Assessing Officer is totally unwarranted.

India joins OECD/G20 Inclusive Framework tax deal

July 2, 2021 453 Views 0 comment Print

Majority of the members OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting(including India)adoptedyesterday ahigh-level statement containing an outline of a consensus solution to address the tax challenges arising from the digitalisation of the economy.

GST exempt on pure services provided to Central/State Govt or UT related to functions entrusted to Municipalities/Panchayats

July 2, 2021 891 Views 0 comment Print

In re Jayesh Anil Kumar Dalal (GST AAAR Uttar Pradesh) In view of the above discussion, we hold that the services rendered by the  Appellant to the State Urban Development Agency,Uttar Pradesh (SUDA), and For PMAY, are in relation to functions entrusted to Municipalities under Article 243W and to Panchayats under Article 243W of the Constitution […]

BCI constitutes committee to consider changes in Advocates Protection Bill

July 2, 2021 597 Views 0 comment Print

The suggestions received in the office of Bar Council of India shall be duly considered by the Council and thereafter, the Council will consider about incorporation of necessary changes, if any. The final Advocates Protection Bill shall be sent to Hon’ble Minister for Law and Justice to table the same before the Parliament.

Major Initiatives taken in GST for facilitation of taxpayers in last 1 year

July 1, 2021 3027 Views 0 comment Print

GSTR-3B Return related measures Quarterly return monthly payment (QRMP) scheme > To reduce compliance burden of the smaller taxpayers having aggregate turnover upto Rs. 5 Crore, Quarterly Return and Monthly Payment (QRMP) Scheme has been introduced w.e.f. 01.01.2021, wherein the taxpayers can file their return in FORM GSTR-3B as well as outward supply statement in […]

COVID Relief Measures in GST Compliance

July 1, 2021 1941 Views 0 comment Print

In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances under GST law due to the outbreak of the second wave of COVID-19, the Government has issued notifications, dated 1st May, 2021, and 1st June, 2021 providing various relief measures for taxpayers. These measures are as follows: Reduction in rate […]

NPPA approves price rise of 50% for carbamazepine, ranitidine, ibuprofen

July 1, 2021 1215 Views 0 comment Print

NPPA invokes extra ordinary powers in public interest under para 19 of DPCO 2013 for upward revision of the ceiling prices of the nine scheduled formulations of 3 drugs by giving one time increase of 50% from the present ceiling price.

Citizen cannot be penalised for a discrepancy in FCRA forms

July 1, 2021 1068 Views 0 comment Print

The citizen cannot be penalised for a discrepancy in the form prescribed by the respondent which has resulted in the form being unable to be submitted even in the case of a law abiding citizen.

No confiscation of finished goods under excise in absence of finding of attempted Clandestine Removal

July 1, 2021 420 Views 0 comment Print

Maa Santoshi Tobacco Co. Vs Commissioner, Central Goods and Service Tax (CESTAT Delhi) I find that only for not finding the statutory register being RG-I and Form-4 at the time of inspection by the Officers of DGCEI, adverse inference have been drawn without reference to the records of the appellant available with the Department, being […]

CBIC Notifies Rate of Exchange of Foreign Currencies wef 02.07.2021

July 1, 2021 3507 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 2nd July, 2021, vide Notification No. 57/2021 – Customs (N.T.) |  Dated: 1st July, 2021 Government Of India Ministry Of Finance (Department Of Revenue) (Central Board Of Indirect Taxes And Customs) New Delhi ***** Notification No. 57/2021-Customs (N.T.) | Dated: 1st […]

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