Following is the Exposure Draft of the Amendments to Annual Improvements to Ind AS (2021) issued by the Accounting Standards Board (the Board) of the Institute of Chartered Accountants of India for comments.
The Government of India is pleased to announce New Central Sector Scheme for Industrial Development of Union Territory of Jammu & Kashmir.This Scheme will be called New Central Sector Scheme for Industrial Development of Jammu & Kashmir.
Companies (Specification of definitions details) Second Amendment Rules, 2021. Insertion of Rule 2A in Companies (Specification of Definitions Details) Rules, 2014 specifying ‘Companies that are not considered as Listed Companies’ w.e.f. 1st April 2021. This is to inform you that pursuant to the amendment brought out by the Companies (Amendment) Act, 2020 in Section 2(52) […]
CBIC Seeks to impose definitive anti-dumping duty on imports of Aniline originating in or exported from China PR for a period of five years from the date of levy of provisional anti-dumping duty, i.e. 29th July, 2020 vide Notification No. 08/2021 -Customs (ADD) dated 19th February, 2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi, […]
It is hereby notified that the deposits made under the Senior Citizens Welfare Fund, announced in the Ministry of Finance (Department of Economic Affairs) Notification No. G.S.R. 322(E) dated 18th March, 2016, shall with effect from 1st April, 2020 to 31st March, 2021, bear interest at 5.81% (Five point eight one percent). This rate will be in force with effect from 1st April, 2020.
Counsel for the Union of India has vehemently opposed the bad application. It is contended that fake firms were created for claiming input tax credit. From the investigation, it is revealed that the firms were fake. The proprietor and owner of the firms are not traceable. It is further contended that evasion of tax has an effect on the economy of the Nation and Court should not be liberal in granting bail to such offenders.
In re GDCL – EMIT JV (GST AAR Uttarakhand) i) Outward supply of Operation & Maintenance of sewerage treatment plant of 26 MLD capacity at LakkarGhat, Rishikesh, Dehradun, State of Uttarakhand to Uttarakhand PeyJal Nigam is not exempted under notification no. 2/2018-Central Tax (Rate) dated 25.01.2018 and 2/2018 – Integrated Tax (Rate) dated 25.01.2018 and 138/2018/18(20)/XXVII(8)/2017/CTR-2, […]
Business owners, professionals, and individuals collect digital assets for various purposes. Examples of digital assets include documents, videos, audio recordings, and images. Assets in a digital format offer many more benefits than physical assets, such as paper documents, VHS tapes, and photographs. One benefit is easier storage. Instead of needing a large space to store […]
SKJ Finvest Advisory Pvt. Ltd. Vs Union of India (Gujarat High Court) Mr. Nainawati, the learned counsel appearing for the writapplicant submits that his client shall maintain the minimum balance of Rs.22 lac in the bank account which has been attached by the department. According to Mr. Nainawati, at the time of attachment of the […]
Sony Pictures Networks India Private Limited Vs ACIT (ITAT Mumbai) By means of this stay application, the appellant seeks to get extension of demand amounting to Rs.71,12,41,378/- already stayed by the Tribunal for the assessment year 2010-11, till the disposal of appeal. The Ld. counsel for the appellant submits that the Tribunal vide its order […]
