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RBI Governor ask Private Banks to further strengthen their balance sheets

May 25, 2021 375 Views 0 comment Print

Date : May 25, 2021 RBI Governor meets MD & CEOs of select Private Sector Banks over Video Conference The Governor, Reserve Bank of India (RBI) held a meeting with the MD & CEOs of select Private Sector Banks on May 25, 2021 through video conference. The meeting was attended by Deputy Governors Shri M. […]

12% GST Payable on Chips, Sharkarai varatty, Halwa & Namkeens

May 25, 2021 12816 Views 0 comment Print

In re Shri, K. Swaminathan, M/S Banana chips & Halwa merchant (GST AAR Kerala) 1. Whether Jackfruit Chips, Banana Chips (made out of both raw as well as ripe banana), Banana Chips (masala) sold without BRAND NAME are classifiable as NAMKEENS and are covered by HSN Code 2106.90.99 and taxable under Entry 101A of Schedule […]

Bicycles- Retro Reflective Devices (Quality Control) Order, 2021

May 25, 2021 1320 Views 0 comment Print

Goods or articles specified in the column (1) of the Table 1 shall conform to the corresponding Indian Standard mentioned in the column (2) of the said Table and shall bear the Standard Mark under a license from the Bureau as per Scheme-I of Schedule-II of Bureau of Indian Standards (Conformity Assessment) Regulations, 2018.

Disallowance under section 14A cannot exceed exempt income

May 24, 2021 2430 Views 0 comment Print

DLF Universal Ltd Vs DCIT (ITAT Delhi) Ld AO has applied 0.5% of investment of Rs. 53.51 crores whereas the ld CIT(A) restricting 0.5% only Rs. 30.84 holding that balance investment of approximately Rs. 22 crores was made in the subsidiary companies and there was no intention of earning any dividend income. The ld CIT(A) […]

Guidelines for Amalgamation of District Central Co-op Banks with State Co-op Bank

May 24, 2021 1419 Views 0 comment Print

The proposal should be in compliance with the legal requirements, past orders/ rulings of the Courts, if any. The State Government shall verify that there are no Court Orders prohibiting or staying the proposal for amalgamation.

GoM on GST on Casinos, Race Courses and Online Gaming

May 24, 2021 1497 Views 0 comment Print

In pursuance of the decision of the GST Council a Group of Ministers (GoM) on Casinos, Race Courses and Online Gaming has been constituted.

CBIC Notifies Rate of Exchange of Foreign Currencies wef 21.05.2021

May 20, 2021 2310 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 21st May, 2021, vide Notification No. 48/2021-Customs (N.T.), Dated: 20th May, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 48/2021 – Customs (N.T.) New Delhi, dated the 20th May, […]

Take control of Drug used for treatment of Black Fungus: CAIT

May 19, 2021 1119 Views 0 comment Print

To prevent black marketing & hoarding of “Liposomal Amphotericin B” a crucial life saving drug used for treatment of Mucormycosis (Black Fungus), Confederation Of All India Traders has urged Dr. Harshvardhan ji, Hon’ble Minister for Health to take control of the drug & ensure proper supply to all hospitals through State Governments. Text oif their […]

Writ Petition not maintainable against appealable Assessment Order

May 19, 2021 1380 Views 0 comment Print

Omkara Assets Reconstruction Private Limited Vs ACIT (Madras High Court) In view of the fact that the Assessment Order is appealable and such appeal has been filed by the petitioner, I am not inclined to consider the Writ Petition on merits. Nonetheless, in view of the fact that the main issues for consideration in such […]

Extension of ICSI eCSin Amnesty Scheme 2021 till May 31, 2021

May 17, 2021 1491 Views 0 comment Print

The Institute of company secretaries of India The members applying under ICSI eCSin Amnesty Scheme,2021 shall be granted immunity from the application of the provision of the eCSin Guidelines in respect of the eCSin for which request under this Amnesty Scheme has been made and disciplinary proceedings shall not be initiated or entertained in this […]

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