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Enabling dealings by IFSC Banking Units in Bullion Unallocated Accounts

April 3, 2021 342 Views 0 comment Print

This circular is being issued to enable Banking Units – IBU (Indian Banking Units) /FBU (Foreign Banking Units) in IFSC to operate Unallocated Accounts for the purpose of trading, hedging and swapping with Physical Gold / Silver (Allocated).

Guidance Note for CA Intermediate New Examination May, 2021

April 2, 2021 5772 Views 0 comment Print

1. Ensure that you are filling the correct exam form. In other words, check the exam application form to see if it relates to Intermediate(IPC)(Old) course or Intermediate (New) course, before you apply. 2. Detailed instructions on filling up the exam forms online are enclosed. Candidates are advised to read, understand and follow the instructions carefully while filling up the form. Please also read the FAQs for Online Forms Intermediate hosted on https://icaiexam.icai.org

Branches can conduct physical/virtual batches of ICITSS & AICITSS

April 2, 2021 7440 Views 0 comment Print

Branches may conduct physical or virtual batches w.e.f. 1st April, 2021 for all the category of students for both ICITSS & AICITSS courses. Students appearing in May 2022 Final exam are permitted to attend virtual batches

Advisory on filing of Bill of Entry (BE) w.e.f. 29.03.2021

April 2, 2021 5430 Views 0 comment Print

Ministry of Finance Government of India Attention! Importers/Customs Brokers Important amendments regarding filing of Bill of Entry (BE) w.e.f. 29.03.2021 (Section 46 of Customs Act) ♣ BE to be filed in advance as per the following time-limits:  BE is to be filed latest by end of the day of arrival of the Vessel/Aircraft/Vehicle 1. Imports […]

GST Compliances before 31.03.2021 & Changes w.e.f 01.04.2021

April 1, 2021 17445 Views 0 comment Print

GST Compliances Before 31st March 2021 and Changes w.e.f 1st April 2021 Now, we are into the last week of the financial year ending 31st March 2021, there are various tasks which we need to complete before 31st March 2021 as well as various tasks we need to start with effect from 1st April 2021. […]

Refund of Service Tax wrongly paid only if no unjust enrichment proved by Appellant

April 1, 2021 828 Views 1 comment Print

Rakesh Canteen Contractor Vs Commissioner, Central Excise, Customs & ServiceTax (CESTAT Delhi) The brief facts are that the appellant has been awarded canteen services contract from M/s Caparo Engineering India Limited, by way of running and managing their canteen located in their factory premises. The only issue involved in this appeal is under the facts […]

CBIC Notifies Rate of Exchange of Foreign Currencies Wef 02.04.2021

April 1, 2021 1980 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees wef 02nd April, 2021, vide Notification No. 40/2021-Customs (N.T.), Dated: 1st  April,  2021. Government Of India Ministry Of Finance (Department Of Revenue) (Central Board Of Indirect Taxes And Customs) New Delhi ***** Notification No. 40/2021 – Customs (N.T.) Dated the 1st  April,  2021 In […]

No bail in case of GST Evasion by availing wrongful ITC

April 1, 2021 1311 Views 0 comment Print

Manoj Kumar Garg Vs State (Meerut District Court) The statement of accused was recorded and the accused in his statement has admitted that no goods were received by his firm at his registered address from his suppliers and he claimed fake ITC on behalf of these fake firms. During investigation, the fifteen companies are found […]

Master Circular- Disbursement of Government Pension by Agency Banks

April 1, 2021 1038 Views 0 comment Print

Please refer to our Master Circular RBI/2020-21/06 dated July 1, 2020 on the above subject. We have now revised and updated the Master Circular which consolidates important instructions on the subject issued by the Reserve Bank of India till March 31, 2021

Master Circular Credit Facilities to Minority Communities

April 1, 2021 318 Views 0 comment Print

Reserve Bank of India RBI/2021-22/06 FIDD.GSSD.BC.No.01/09.10.01/2021-22 April 01, 2021 The Chairman/ Managing Director/ Chief Executive Officer All Scheduled Commercial Banks including Small Finance Banks (Excluding RRBs and Foreign banks with less than 20 branches) Dear Sir / Madam, Master Circular – Credit Facilities to Minority Communities Please refer to our Master Circular FIDD.GSSD.BC.No.04/09.10.01/2019-20 dated July 01, […]

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