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CBDT designates Special Court for the State of Tripura

January 6, 2021 636 Views 0 comment Print

Central Government, in consultation with the Chief Justice of the High Court of Tripura, hereby designates the Court of Chief Judicial Magistrate, West Tripura Judicial District, Agartala as the Special Court for the State of Tripura for the purposes of the said sub-section.

Notification No. 03/2021-Customs (N.T./CAA/DRI), Dated: 06.01.2021

January 6, 2021 1458 Views 0 comment Print

Notification No. 03/2021-Customs (N.T./CAA/DRI)- Appointment of Common Adjudicating Authority. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (Directorate of Revenue Intelligence ) Notification No. 03/2021-Customs (N.T./CAA/DRI) New Delhi,the 6th January 2021   S.O. 65(E).—In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June 2015 in […]

Auditor cannot share client info with Credit Rating Agencies unless permitted: ICAI

January 5, 2021 7422 Views 0 comment Print

It is hereby clarified that under the provisions of Chartered Accountants Act,1949 it is not permissible to members to share client information with the CRAs, except if permitted by the Auditee client.

File representation with appropriate authority for Reimbursement of differential tax amount due to change in tax regime from VAT to GST: HC

January 5, 2021 1443 Views 0 comment Print

Kailash Chandra Bisoyi Vs State of Odisha (Orissa High Court)  The main issue involved in such matters is that the difficulty faced by the contractors due to change in the regime regarding works contract under GST. The grievance of the petitioner is that in view of the introduction of the GST, petitioner is required to […]

Credit Rating – Applicable for Infrastructure Investments

January 5, 2021 591 Views 0 comment Print

IRDAI directs Insurers to classify Infrastructure investments, issued by Infrastructure Companies, rated not less than A along with an Expected Loss Rating of EL1 as part of Approved Investment and should be listed under Category Code IELB as per Category of Investment under Master Circular – Investments.

EPFO amends conditions for Amount to be invested in Debt & Related Investments

January 4, 2021 1113 Views 0 comment Print

Units of Debt Exchange Traded Funds (ETFs) regulated by the Securities and Exchange Board of India and managed by an asset management company appointed as per an agreement with Government of India, specifically meant to invest in the bonds of the Central Public Sector Enterprises, Central Public Sector Undertakings, Central Public Financial Institutions and other Government organizations:

Notification No. 02/2021-Customs (N.T./CAA/DRI), Dated: 04.01.2020

January 4, 2021 2580 Views 0 comment Print

Notification No. 02/2021-Customs (N.T./CAA/DRI), Dated: 04.01.2020- Amendments in the Notification No. 82/2016-Customs (N.T.) dated 07.06.2016 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (Directorate of Revenue Intelligence) NOTIFICATION New Delhi, the 4th January, 2021 Notification No. 02/2021-Customs (N.T./CAA/DRI) S.O. 26(E).—In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. […]

GST Revenue for December 2020 recorded all time high

January 3, 2021 624 Views 0 comment Print

GST Revenue collection for December 2020 recorded all time high since implementation of GST. ₹ 1,15,174 crore gross GST revenue collected in  December. Revenues for  December 2020 are 12% higher than the GST revenues in the same month last year.

Section-wise Jurisprudence on IBC upto 30.09.2020

January 3, 2021 1566 Views 0 comment Print

One of the key functions of law is to ensure safety, security, and stability in the society. Law structures economic, social, and political interactions in a secure, stable and effective manner. It thus stipulates the mandate apropos acceptable and unacceptable behaviour in the society writ large. Stated simply, law channels the outcomes and allows the […]

Income Tax Department conducts searches in Kolkata

January 1, 2021 939 Views 0 comment Print

The Income Tax Department carried out search and seizure action on two Kolkata based Groups engaged in manufacturing & trading of Steel, trading of marbles & stones, food grains etc.

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