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Startup India ecosystem get big boost by DPIIT

September 23, 2021 600 Views 0 comment Print

The aim of the initiative is to foster entrepreneurship on the ground. The activities/programs conducted by the above states in association with Startup India consist of diverse programs, launch of key initiatives, inaugural of startup summits, and launch of startup policies, etc. The programs under the Azadi Ka Amrit Mahotsav Week will have a long-lasting impact on the entire startup ecosystem of India.

Government e Marketplace bags prestigious CIPS Award

September 23, 2021 651 Views 0 comment Print

Government e Marketplace (GeM) was announced as the winner in the Best Use of Digital Technology category at the CIPS Excellence in Procurement Awards 2021 (CIPS Awards).

SC Recalls Suo Motu Extension of Limitation Period

September 23, 2021 10245 Views 0 comment Print

In re Cognizance for Extension of limited (Supreme Court) 1. Due to the outbreak of COVID-19 pandemic in March, 2020, this Court took Suo Motu cognizance of the difficulties that might be faced by the litigants in filing petitions/ applications/ suits/ appeals/ all other proceedings within the period of limitation prescribed under the general law […]

ITC availed by buyer cannot be reversed for non payment of tax by seller

September 22, 2021 7503 Views 0 comment Print

Vinayaga Agencies Vs Assistant Commissioner (CT) (Madras High Court) Hon’ble High Court held that the authority does not have the jurisdiction to reverse the input tax credit already availed by the assessee on the ground that the seller has not paid tax. In this case the petitioner was dealer in lubricants, purchasing lubricants from a […]

TNVAT: No action against Buyer for Default of Seller

September 22, 2021 6546 Views 0 comment Print

Infiniti Wholesale Limited Vs Assistant Commissioner (CT) (Madras High Court) Asstt Commissioner (CT) v. Infiniti Wholesale Ltd. [2017] 77 taxmann.com 372 (Mad.) – The Hon’ble High Court of Madras held that if the sales are not disclosed by a seller either in the monthly returns or the tax collected from the dealer is not made […]

CBDT add further exclusions to section 144B Faceless Assessment

September 22, 2021 10050 Views 0 comment Print

Assessment Orders shall be passed by the National Faceless Assessment Centre (NaFAC) u/s 144B of the Act except as under:- i. Assessment orders in cases assigned to Central Charges. ii. Assessment orders in cases assigned to International Tax Charges.

Election to Council from EIRC of ICSI-2021- Duty of Election Observers

September 22, 2021 507 Views 0 comment Print

Institute of Company Secretary of India Election to the Council from EIRC of the ICSI-2021 Duty of Election Observers In terms of Rule 23 of the Company Secretaries (Election to the Council) Rules 2006, the Election observers appointed by the Returning Officer for election to the Council from Eastern India Regional Constituency (EIRC) of the […]

Income Tax Calculator: How Is Income Tax Calculated?

September 22, 2021 40782 Views 6 comments Print

The income tax calculator considers factors like your income, age, housing loan payments, expenses, and investments to indicate the total tax payable on your income under the new or old Indian tax regime. The online tax calculator is free, easy to use, and generates error-free results quickly.

Crumb rubber/granule is classifiable under Heading 4004

September 22, 2021 6336 Views 0 comment Print

In re Green Rubber Crumb Private Ltd. (GST AAR Maharashtra) The applicant is producing crumb rubber/granules from used/waste tyres and has submitted during the course of the hearing that, the waste/used tyres are not usable because they are worn our tyres due to wear and tear. In view of the above discussions, we find that […]

MahaRERA: SOP for deletion of projects from list of lapsed projects

September 21, 2021 3780 Views 0 comment Print

MahaRERA has so far registered 30668 projects, out of which 7214 projects are completed. It is seen that 3371 projects have expired and Promoters have not applied for extension of the project date nor uploaded the Form 4.

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