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Guidance Note on SEBI (Issue and Listing of Municipal Debt Securities) Regulations, 2015

July 29, 2020 813 Views 0 comment Print

In terms of Regulation 29 of the Municipal Regulations, Guidance Note on SEBI (Issue and Listing of Municipal Debt Securities) Regulations, 2015 is being provided for benefit of Issuers and market participants.

Countrywide cartel specializing in defrauding GST system seems to be operating: HC

July 27, 2020 9951 Views 0 comment Print

Explore the Odisha High Court’s ruling on the bail application of Amit Beriwal, accused in a massive GST fraud case. The court emphasizes the seriousness of economic offenses.

Empanelment & Guidelines for empanelment of Advocates to defend NAA

July 27, 2020 13332 Views 0 comment Print

Empanelment of Advocates / Law Firms for representing the National Anti-profiteering Authority and Director General of Anti-Profiteering before various Courts and Tribunals.

Notification No. 61/2020-Customs (N.T), Dated: 27.07.2020

July 27, 2020 2559 Views 1 comment Print

Amendment to Notification No. 66/2016-Customs (N.T) dated 14th May, 2020 related to Good to be deposited in special warehouse licenced under section 58A(1) of Customs Act, 1962. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 27th July, 2020 No. 61/2020-Customs (N.T) G.S.R. 467(E ).—In exercise of […]

Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2020

July 27, 2020 10584 Views 0 comment Print

a) Air Transport Services shall include Domestic Scheduled Passenger Airlines, Non-Scheduled Air Transport Services, helicopter and seaplane services. (b) Foreign airlines are allowed to participate in the equity of companies operating Cargo airlines, helicopter and seaplane services, as per the limits and entry routes mentioned above.

NFRA-2 Form- FAQs

July 25, 2020 2847 Views 0 comment Print

Frequently Asked Questions (FAQs) Pertaining To NFRA-2 Form Q 1. Form NFRA 2 is only available in PDF version as part of the Gazette notification. Since the e-form is not available, we are not able to collate the required information. Considering the timeline for submission of NFRA 2 is November 30, 2019, please advise when […]

Goodwill is Intangible Asset & Depreciation allowed

July 25, 2020 2166 Views 0 comment Print

It is now fairly well settled that goodwill being an intangible asset, depreciation has to be allowed. In view of the aforesaid, we direct the Assessing Officer to allow assessee’s claim of depreciation of  on goodwill.

Scheme for Manufacturing In Customs Bonded Facility

July 24, 2020 1581 Views 0 comment Print

MANUFACTURING IN CUSTOMS BONDED FACILITY ‘A Scheme for manufacturing and other operations in a Customs Bonded Facility to Promote India as a Global Manufacturing Hub’ OVERVIEW India allows duty-free import of raw materials and capital goods for manufacturing and other operations in a bonded manufacturing facility. Deferment of import duty on imported capital goods and […]

Party Wise Break Up of TCS- CBDT Amends Income Tax rules

July 24, 2020 9507 Views 0 comment Print

Credit for tax collected at source shall be given to the person from whose account tax is collected and paid to the Central Government account for the assessment year relevant to the previous year in which such tax collection is made

Rajasthan HC Grants Interim Relief To J.K. Cement in High VAT/CST demand case

July 24, 2020 1362 Views 0 comment Print

Rajasthan High Court Grants Interim Relief To J.K. Cement Ltd. From Being Exposed To High Tax Demand Under Rajasthan Vat Act And Central Sales Tax Act.

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