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Emplacement of Concurrent Auditors with National Housing Bank

November 3, 2021 1662 Views 0 comment Print

Request for Proposal: Appointment of Concurrent Auditors: National Housing Bank – Technical Bids will be opened in the presence of Bidders who choose to attend as above. The above schedule is subject to change. Notice of any changes will be provided through e-mail from designated contact personnel only or publishing on NHB’s website

FAQs to address queries on IT Rules, 2021 (Part II)

November 3, 2021 3408 Views 0 comment Print

This FAQ, consisting of 28 questions, attempts to respond to general queries on Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 in a simple and easily understandable manner for a common user and also for intermediaries. Ministry of Electronics & IT Ministry of Electronics & IT releases FAQs to address queries on […]

MEIS/SEIS/ ROSL/ROSCTL applications will get time barred after 31.12.2021

November 2, 2021 2448 Views 0 comment Print

MEIS/SEIS/ ROSL/ROSCTL Claim- Exporters may kindly note that after 31.12.2021, the Online IT system will not be operational and no applications/claims under the mentioned schemes can thereafter be submitted. It has also been notified that the facility for filing applications, with a late cut provision, would also not be available and all applications will get time barred after 31st December 2021.

GST advance rulings are applicable within the particular state only

November 2, 2021 5601 Views 0 comment Print

In re Kamdhenu Agrochem Industries LLP (GST AAR Maharashtra) Question 1:- Whether the Applicant is required to obtain the registration in importing States other than Maharashtra, if goods are imported, sold and delivered directly from CFS (Container Freight Station) / DPD (Direct Port Delivery) which is under the Customs Boundaries to customers from those States? Answer:- In […]

GST on services by Govt for residential accommodation of underprivileged girls

November 2, 2021 1023 Views 0 comment Print

In re Shital Tukaram Borade (GST AAR Maharashtra) Question 1:- In the instant case, whether the services provided by us to Samaj Kalyan Department, State Government of Maharashtra (Social Welfare Department) for residential accommodation of underprivileged girls is exempt from GST? Answer: Answered in the negative. Question 2:- Whether TDS provisions will be applicable in […]

TDS under GST applicable if services not exempt from GST

November 2, 2021 4779 Views 0 comment Print

In re Tukaram Pundalik Borade (GST AAR Maharashtra) The applicant has submitted that the Samaj kalyan Vibhag of the Government of Maharashtra has taken the immovable property on rent from the applicant to house the girls from the backward class communities which can be considered as a welfare measure undertaken by the Government for the […]

GST on narrow woven fabric of Polypropylene yarn with selvedges on both edges

November 2, 2021 2901 Views 0 comment Print

In re M/s. Rajivkumar Giriraj Bansal (Proprietor of M/s. Gujarat Plast Industries) (GST AAAR Gujarat) The product narrow woven fabric of Polypropylene yarn of width not exceeding 30 cms provided with selvedges on both edges manufactured by the appellant merit classification under Tariff heading No. 58063990 of the Customs Tariff Act, 1975, attracting rate of […]

Revised PCA Framework for Scheduled Commercial Banks wef 01.01.2022

November 2, 2021 1965 Views 0 comment Print

The existing PCA Framework for SCBs has since been reviewed and revised. The provisions of the revised PCA Framework will be effective from January 1, 2022.

Income Tax searches in Tamil Nadu detects unaccounted income exceeding Rs. 300 crore

November 2, 2021 780 Views 0 comment Print

Income Tax Department carried out search and seizure operations in Tamil Nadu in the case of a group engaged in the manufacturing of animal feeds, poultry farming, edible oils and export of egg products. The search action in the group was initiated on 27.10.2021 covering 40 premises located in Tamil Nadu, Karnataka and Kerala.

Salient features of SEBI NCS Regulations, 2021

November 2, 2021 10821 Views 0 comment Print

SEBI NCS Regulations, 2021 has made in-principle approval of the Stock Exchange(s) mandatory for listing of non-convertible securities, whether issues under public issue or on private placement basis. [Regulation 6]

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