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Swing pricing framework for mutual fund schemes

September 29, 2021 537 Views 0 comment Print

SEBI decided to introduce swing pricing framework for open ended debt mutual fund schemes (except overnight funds, Gilt funds and Gilt with 10-year maturity funds).

Fight unfair business practices of E-commerce companies jointly: CAIT

September 29, 2021 558 Views 0 comment Print

In a communication sent to noted Industrialists & Organisations working in different verticals of trade & Industry, Confederation of All India Traders has called for a formation of bigger joint forum to fight unfair business practices, violation of law, Act and Rules by E-commerce companies. Confederation of All India Traders Ref. No. 3286/1/50 29th September, 2021 […]

Credit Anti-profiteering penalties in the Consumer Welfare Fund

September 29, 2021 1299 Views 0 comment Print

Leading consumer and public policy research and advocacy group, CUTS International has requested the Finance Minister, Ms Nirmala Sitharaman that penalties under the Central GST Act, 2018 for profiteering should be deposited in the Consumer Welfare Fund.

Anti-dumping investigation on imports of Decor Paper from China

September 28, 2021 2229 Views 0 comment Print

The product under consideration includes decor paper used by the producers of laminates which includes various types of decor paper, such as surfacing paper (white/off-white), liner (white / off-white), barrier paper, shuttering base, overlay paper and print base paper (color/white).

New online system of MSME/Udyam Registration crosses 50 lakh mark

September 28, 2021 915 Views 0 comment Print

New online system of MSME/Udyam Registration launched by Union MSME Ministry, w.e.f. 1st July, 2020, has stood the test of Time and Technology as more than 50 lakh MSMEs have successfully registered themselves by now. These include over 47 lakh Micro organisations and 2.7 lakh Small Units.

Bank accounts for payment of fees to SEBI under various Regulations

September 28, 2021 3015 Views 0 comment Print

Bank accounts for payment of fees to SEBI under the SEBI (Infrastructure Investment Trusts) Regulations, 2014, SEBI (Real Estate Investment Trusts) Regulations, 2014, SEBI (Informal Guidance) Scheme, 2003, SEBI (Issue and Listing of Non-convertible Securities) Regulations, 2021 and SEBI (Issue and Listing of Securitized Debt Instruments and Security Receipts) Regulations, 2008

Chairman/MD not vicariously liable for criminal acts of company: SC

September 27, 2021 4302 Views 0 comment Print

General Manager and/or Planner/Supervisor of Accused Companies, without any specific role attributed and the role played by them in their capacity, they cannot be arrayed as an accused, more particularly they cannot be held vicariously liable for the offences committed by Accused.

Gist of amendments in GST rules vide Notification No 35/2021 dated 24-09-2021

September 26, 2021 5799 Views 0 comment Print

Gist of CGST (Eight Amendment) Rules, 2021 vide Notification No. 35/2021 – Central Tax dated 24th September, 2021 amending CGST Rules, 2017.

Comparable having extraordinary financial event of M&A cannot be considered for TP analysis

September 25, 2021 1221 Views 0 comment Print

ITAT held that in case A comparable having an extraordinary financial event of Merger and Acquisition (M& A) during the year the same cannot be considered as functionally comparable for transfer pricing (TP) comparability analysis.

No further income attributable to a PE in India, if PE been remunerated at ALP

September 25, 2021 2070 Views 0 comment Print

Mobileum Inc Vs DCIT (ITAT Mumbai) since transactions between the assessee and its AE have been found at arm’s length prices no further income chargeable to tax in India can be said to be attributable for the PE of the assessee. FULL TEXT OF THE ORDER OF ITAT MUMBAI This appeal by the Assessee is […]

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