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Tariff Notification No. 42/2021-Customs (N.T.), Dated: 15.04.2021

April 15, 2021 1035 Views 0 comment Print

Tariff Notification No. 42/2021-Customs (N.T.), Dated: 15.04.2021 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 42/2021-Customs (N.T.) New Delhi, 15th April, 2021 25 Chaitra, 1943 (SAKA) S.O. […]

Virtual CFO Service – A Smart Choice for The MSMEs

April 14, 2021 2718 Views 1 comment Print

CA Preeti Gupta MSMEs (Micro Small and Medium Enterprises) are considered to be the backbone of the Indian economy considering their valuable contribution to the socio-economic development of the country. An MSME is relatively a small scale organisation where timely availability of funds and its proper management are extremely important for its long run sustainability and success.

CBSE Class ‘X’ Exam Cancelled & Class ‘XII’ Exam Postponed

April 14, 2021 681 Views 0 comment Print

The Board Exams for Class XII to be held from May 4th to June 14th 2021 are hereby postponed. These exams will be held hereafter. The situation will be reviewed  on 15  June, 2021 by the Board, and details will be shared subsequently. A notice of at least 15 days will be given before the start of the examinations.

Interim orders of ‘not to arrest’ or ‘no coercive steps’ cannot be passed mechanically: SC

April 13, 2021 8247 Views 0 comment Print

Neeharika Infrastructure Pvt. Ltd. Vs State of Maharashtra (Supreme Court) The principal issue which arises is when and where the High Court would be justified in passing an interim order either staying the further investigation in the FIR/complaint or interim order in the nature of ‘no coercive steps’ and/or not to arrest the accused either […]

Running of Business by Manager not sufficient ground for Bail in GST Evasion Case

April 13, 2021 1371 Views 0 comment Print

Smt. Chhaya Devi Vs Union Of India (Andhra Pradesh High Court) FULL TEXT OF THE JUDGMENT/ORDER OF ANDHRA PRADESH HIGH COURT Admittedly in the case in hand the applicant is the proprietor of the company and is responsible to the company for conduct of the business of the company, even if the business is being […]

Draft Indian Insurance Companies (Foreign Investment) (Amendment) Rules, 2021

April 13, 2021 1350 Views 0 comment Print

1. (1) These rules may be called Indian Insurance Companies (Foreign Investment) (Amendment) Rules, 2021. (2) They shall come into force from the date of their publication in the Official Gazette.

GST Council News Letter- March 2021

April 13, 2021 3189 Views 0 comment Print

The gross GST revenue collected in the month of March 2021 is Rs. 1,23,902 crore of which CGST is Rs.22,973 crore, SGST is Rs.29,329 crore, IGST is Rs.62,842 crore (including Rs. 31,097 crore collected on import of goods) and Cess is Rs. 8,757 crore (including Rs.935 crore collected on import of goods). The government has […]

Analysis of provisional Gross Direct Taxes collected during FY 2020-21

April 12, 2021 2289 Views 0 comment Print

Gross Direct Taxes collected during FY 2020-21 (before adjustment of refunds) are approximately Rs. 12.06 lakh crore (provisional). The major contributors : Corporation Tax (CIT) Rs. 6.31 lakh crore & Personal Income Tax (PIT) Including Security Transaction Tax (SIT) Rs. 5.75 lakh crore approximately. Here is the composition of the Gross collections of Direct Taxes […]

CAIT suggests Measures to control rapid escalation of COVID pandemic

April 12, 2021 492 Views 0 comment Print

Clamping Lockdown is certainly not a solution since the trade and commerce is still struggling to recover from the losses of the previous lockdown of 2020. On the one side effective steps am needed to stop increase in COVID cases whereas on the other hand the economic and commercial activities should also continue by observing COVID safety protocols in a strict manner.

SEBI cautions investors against impersonation

April 12, 2021 471 Views 0 comment Print

SEBI cautions investors against such impersonations and further advises as under: Beware of emails / any other communication impersonating employees of SEBI and refrain from responding to such emails / communication. The only official and genuine website of SEBI, where an investor can file his/her complaint is https://scores.gov.in and members of public are advised to be careful and not get misled by fake websites with similar addresses, fake logos / similar looking domains and email ids, etc.

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