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SEBI (Vault Managers) Regulations, 2021

December 31, 2021 2430 Views 0 comment Print

Securities and Exchange Board of India (Vault Managers) Regulations, 2021- Any person intending to carry on the business as a Vault Manager on or after the commencement of these regulations shall make an application to the Board for grant of a certificate of registration.

HC decline waiver of interest as appellant not challenged the order levying interest

December 31, 2021 3081 Views 0 comment Print

Bennett Coleman & Co. Ltd. Vs DCIT (Bombay High Court) Section 215 of the Act makes it clear that the Assessee is required to pay interest where he has paid advance tax less than 75% of the assessed tax, the Assessee is required to pay simple interest @ 15% p.a. from the first day of […]

Govt promotes 143 IRS officers to the grade of JCIT

December 30, 2021 13200 Views 0 comment Print

President is pleased to appoint 143 officers of Indian Revenue Service to the grade of Joint Commissioner of Income Tax (JCIT) purely on ad-hoc basis in Level-12 in the pay matrix Rs.78 ,800-2,09,200/-, w.e.f. 01.01.2022

Issue of Utilisation of ITC of credit lying in one GSTIN against other not fall in scope of AAR

December 30, 2021 843 Views 0 comment Print

In re Amis Engineers (GST AAR Telangana) The applicant has averred that they have 2 different registration under CGST/SGST Acts for the same business person. That this state of things came into being at the time of migration from the earlier tax regime to GST regime. That they have stopped business in one GSTIN and […]

Finance Minister chairs Pre-Budget consultation with State Finance Ministers

December 30, 2021 564 Views 0 comment Print

Finance Minister Smt. Nirmala Sitharaman chairs Pre-Budget consultation with Finance Ministers of States Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the pre-budget consultations with the Finance Ministers of States and Union Territories (with Legislature) for Union Budget 2022-23 here today. The meeting was attended by Union Minister of State for Finance, Chief […]

DGGI refutes speculative media reports in case of ‘Odochem Industries’

December 30, 2021 696 Views 0 comment Print

DGGI refutes multiple speculative media reports in case of M/s Odochem Industries; sets the record straight on facts In the context of ongoing investigations by the Directorate General of GST Intelligence (DGGI) in the case of M/s Odochem Industries, Kannauj- a manufacturer of perfumery compounds – and its proprietor Shri Peeyush Jain, wherein a total […]

ICSI Mega Placement Drive, 2022

December 30, 2021 4167 Views 0 comment Print

The Institute is striving towards supporting the members by providing appropriate employment opportunities. The Institute is organizing Mega Placement Drives through its regional offices at Mumbai, New Delhi, Kolkata and Chennai for recruitment of Company Secretary(ies) in various Organisations and Firms of Practising Company Secretaries.

Right to avail ITC cannot be denied on service tax paid after introduction of GST

December 29, 2021 5076 Views 0 comment Print

Circor Flow Technologies India Private Ltd. Vs Principal Commissioner of GST & Central Excise, (CESTAT Chennai) Section 142 (3) of GST Act provides how to deal with claims of refund of service tax of tax and duty / credit under the erstwhile It is stated that therein that such claims have to be disposed in […]

MHA did not freeze bank accounts of Missionaries of Charity

December 29, 2021 921 Views 0 comment Print

MHA did not freeze bank accounts of Missionaries of Charity (MoC)  State Bank of India informed that Missionaries of Charity itself sent a request to SBI to freeze its accounts Renewal application under FCRA for renewal of FCRA registration refused due to adverse inputs No request / revision application has been received from Missionaries of […]

Empanelment of CA firms for Concurrent Audit of India Post Payments Bank Ltd.

December 29, 2021 7458 Views 0 comment Print

India Post Payments Bank Limited invites request for proposals to empanel Bidders for providing the Concurrent Audit services to the India Post Payments Bank Limited. This tender may be downloaded by the bidders free of cost from the Central Public Procurement Portal www.eprocure.gov.in and also on the Bank’s website:

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