In re Fraunhofer-Gesellschaft ZurForderung der angewandten Forschung (GST AAAR Karnataka) Since the parent company in Germany and the Appellant in India cannot be treated as separate persons but as one legal entity, the liaison activity performed by the Appellant for the parent company is in the nature of a service rendered to self A service […]
Govt released the 17th weekly instalment of Rs.5,000 crore to the States to meet the GST compensation shortfall. Out of this, an amount of Rs. 4,730.41 crore has been released to 23 States and an amount of Rs. 269.59 crore has been released to the 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu & Kashmir & Puducherry) who are members of the GST Council.
ICAI announces Schedule of Chartered Accountant Examination – May 2021 for Chartered Accountants Intermediate (IPC) {Under Old Scheme}, Intermediate {Under New Scheme} and Final {Under Old & New Scheme} Examinations. THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA Examination Department The Institute of Chartered Accountants of India 19th February, 2021 IMPORTANT ANNOUNCEMENT No. 13-CA (EXAM)/M/2021: In […]
Rakesh Ambalal Patel Vs ITO (ITAT Ahmedabad) We have perused the assessment order and the order of the CIT(A) as well as the materials placed on record and referred to in terms of Rule 18(6) of the Income Tax (Appellate Tribunal) Rules, 1963. On perusal, we observe that at the time of original assessment proceedings, […]
Confederation of All India Traders (CAIT) has written a letter to Shri Piyush Goyal, Hon’ble Minister for Commerce and Request for point wise investigation against Cloudtail India Limited (Company of Mr Narayan Murthy ) and Appario Retail (P) Limited which are joint ventures with Amazon India Limited. CAIT also accused some Banks of helping Amazon […]
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.
