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Reopening of completed assessment based on change of opinion not permissible

June 2, 2021 1296 Views 0 comment Print

CavinKare Pvt. Ltd. Vs DCIT (Madras High Court) It is the case of the petitioner that reopening of the assessment was based on the change of opinion for the year 2011-2012, and there was no ground for reopening of the assessment under Section 148 of the Income Tax Act for the purpose of Section 147 […]

IFSCA notifies format of Application Form for AIF

June 2, 2021 3057 Views 0 comment Print

In view of further streaming the process of on boarding of AIFs in IFSC an application format has been designed as annexed. All the AIFs seeking registration shall be required to submit the application in the above stated format.

Busting Myths of Vaccination

June 1, 2021 672 Views 0 comment Print

Busting Myths of Vaccination Generation of COVID-19 vaccination certificate is linked to the updation of Status by the Vaccinator on Site Weblink to download certificate is sent through Text SMS Govt of India has issued advisory to ensure same day Vaccination Certificates to be issued to all vaccinated beneficiaries Citizens also must check SMS confirmation […]

GST Amnesty & Relaxation – 10 Things to Know

June 1, 2021 19674 Views 4 comments Print

Ministry of Finance Government of India Recommendation of 43rd GST Council Meeting GST Amnesty Scheme to provide relief to the GST Taxpayers 1. Late fee for non-furnishing of returns in FORM GSTR-3B for the tax periods from July, 2017 to April, 2021 has been reduced as under : Category of Taxpayers Maximum amount of Late […]

ECLGS 4.0 for onsite oxygen generation

June 1, 2021 633 Views 0 comment Print

ECLGS 4.0:1 00% guarantee cover to loans up to Rs.2 crore to hospitals/nursing homes/clinics/medical colleges for setting up on-site oxygen generation plants, interest rate capped at 7.5%;

Government to help families who lost earning member due to Covid

June 1, 2021 939 Views 0 comment Print

Prime Minister’s Office Government announces further measures to help families who lost the earning member due to Covid Family Pension to be given to dependents of those who lost their lives due to Covid under Employees State Insurance Corporation Insurance benefits under the EDLI scheme enhanced and liberalized These schemes will help mitigate financial difficulties […]

ECLGS 1.0 & 2.0 extended upto 30.6.2021

June 1, 2021 828 Views 0 comment Print

Validity of ECLGS i.e. ECLGS 1.0, ECLGS 2.0 & ECLGS 3.0 have been extended upto 30.06.2021 or till guarantees for an amount of Rs. 3 lakh crore are issued. Last date of disbursement under the scheme has been extended to 30.09.2021.

Appeal for review of lockdown extension & subsequent unlocking of Delhi markets

June 1, 2021 417 Views 0 comment Print

We truly acknowledge and appreciate your tireless efforts in handling the unprecedented Second wave of Covid in Delhi which has left an indelible impression in the hearts and minds of the citizens of Delhi. Despite your ill health you continued to work for the citizens.

Tariff Notification No. 49/2021-Customs (N.T.) dated 31st May, 2021

May 31, 2021 2490 Views 0 comment Print

Tariff Notification No. 49/2021-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, the 31st May, 2021 Notification No. 49/2021-Customs (N.T.) S.O. 2097(E).—In exercise of the powers conferred by sub-section (2) of […]

5% GST Payable on Patanjali ‘Gomaya Samidha’

May 31, 2021 4905 Views 0 comment Print

In re Patanjali Ayurved Ltd. (GST AAR Uttarakhand) 1. Gomaya Samidha – Patanjali Ayurved ka Utpad is a brand name of M/s Patanjali Ayurved Ltd. and it is an organic manure covered under Chapter Heading no. 3101. 2. Gomaya Samidha – Patanjali Ayurved ka Utpad is not exempt from levy of GST in terms of S.No. […]

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