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Govt initiatives to provide world market for industries & farmers

March 18, 2021 381 Views 0 comment Print

India’s share in world merchandise exports remained constant at 1.7% in 2017, 2018 and 2019 (Jan-Dec). However, India’s rank as an exporter improved from 20th position in 2017 to 18th position in 2019 (as per latest available WTO press releases), indicating that the credibility and demand of Indian products are increasing in the world market.

Plastic Export Promotion Council is enlisted under Appendix 2E of FTP

March 17, 2021 423 Views 0 comment Print

M/s The Plastic Export Promotion Council is enlisted under Appendix 2E of FTP (2015-2020) for issuing Certificate of Origin (Non-Preferential).

GST department conducts First Investigation based on TCS Data

March 16, 2021 3429 Views 0 comment Print

An inspection was conducted on a taxpayer registered in Jagadhri, Yamunanagar dealing in supply of Mobile Phones and other electronic items mainly through E-Commerce platforms such as Amazon, Flipkart etc. It was found that the taxpayer was not discharging his complete tax liability on the supplies made through E-Commerce Companies.

Date of allotment relevant for determining STCG/LTCG & Section 54/54F exemption

March 16, 2021 5211 Views 0 comment Print

Mahendrasingh Ramsingh Jadav Vs. ITO (ITAT Bangalore) Assessee gets a right to the impugned property on the date of allotment letter, i.e., on 22.02.2006 and payment of instalment as per the terms is only a follow up action and taking delivery of possession is only a formality. Therefore, reckoning the period from 22.02.2006, i.e. the […]

Documents to be submitted for applying for import authorization for import of DEA

March 16, 2021 441 Views 0 comment Print

Reference is invited to the applications being submitted by the applicant for import authorization for import of restricted item Denatured Ethyl Alcohol (DEA). At present the applicants are filing online application (ANF. 2 M) along with information in Proforma as circulated by Trade Notice No. 27/2019-20 dated 29th July, 2019

Appendix 2E of FTP 2015-2020- Change in address of Indian Chemical Council

March 16, 2021 639 Views 0 comment Print

Address details Delhi branch of Indian Chemical Council under Appendix 2E of FTP, 2015-2020 has been updated to Indian Chemical Council – Northern R egion, 206, Ansal Bhawan, K G Marg, New Delhi – 110001

UGC to Treat CA/CS/ICWA qualification as equivalent to PG Degree

March 15, 2021 24063 Views 8 comments Print

University Grants Commission Bahadur Shah Zafar Marg, New Delhi-110002 off: 011-23238865 E-mail: ssingh.ugc@nic.in Dr. Surender Singh Joint Secretary D.O.No.9-35/2016 (CPP-II) 15 March, 2021 Sub: To consider CA/CS/ICWA qualification equivalent to PG Degree for appearing in UGC-Net Sir/ Madam, UGC had received requests from the Institute of Chartered Accountants of India, the Institute of Company Secretaries […]

CSR expenditure by all companies in Aspirational Districts from 2017-20

March 15, 2021 498 Views 0 comment Print

The Government has made changes to the Corporate Social Responsibility (CSR) Rules and the recent amendments in the Companies (CSR Policy) Rules, 2014 have been notified on 22nd January 2021.

No bail to accused of GST evasion of Rs. 12.82 Cr

March 15, 2021 1215 Views 0 comment Print

CGST Vs. Sanyam Mittal (Patiala House Court) On behalf of the department, It is submitted that accused availed fraudulent ITC of Rs. 12.82,05,579/- from various bogus firms and he accepted his fraud in his statement under section 70 of CGST Act on 06.03.2020 and also on 08.09.2020 where he confirmed that he purchased goodsless invoices […]

Tariff Notification No. 29/2021-Customs (N.T.) Dated 15.03. 2021  

March 15, 2021 918 Views 0 comment Print

Tariff Notification No. 29/2021-Customs (N.T.) Dated 15.03. 2021  in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silvera Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 29/2021-CUSTOMS (N.T.) New Delhi, 15th March, 2021   S.O. 1207(E).– In exercise of […]

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