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Auto-Population of IGST paid amount for SEZ DTA Sale BoE in GSTR-2A

January 4, 2021 2988 Views 0 comment Print

SEZ Online System has been sharing the details of supplies made by SEZ Units to DTA Units under Bill of Entry with GSTN through ICEGATE since July 2017. ICEGATE has completed its arrangements with GSTN to auto-populate the same in GSTR of DTA Buyer (Importer) for BoE information shared by SEZ Online System.

ICAI President’s Message January 2021

January 3, 2021 993 Views 0 comment Print

The Institute successfully conducted the examination for all three levels amidst stringent precautions and social distancing measures in view of the ongoing pandemic.

Extend due date of Form GSTR 9 and 9C for year 2018-19

January 2, 2021 16956 Views 4 comments Print

The A.P. Tax Bar Association, Vijayawada has made a representation Representation regarding extension of date of filing Form GSTR 9 and 9C for year 2018-19 till March 2021. Full Text of their representation is as follows:- The A.P. Tax Bar Association, Vijayawada Date: 01-01-2021 To Smt. Nirmala Sitaraman, Hon’ble Finance Minister, NEW DELHI. Respected Madam, […]

Reserve Bank of India introduces RBI-Digital Payments Index

January 1, 2021 2562 Views 0 comment Print

As announced in the Statement on Developmental and Regulatory Policies as part of the Sixth Bi-monthly Monetary Policy Statement for 2019-20 dated February 06, 2020, the Reserve Bank of India has constructed a composite Digital Payments Index (DPI) to capture the extent of digitisation of payments across the country.

SEBI imposes penalty for alleged manipulative trades on RIL, Mukesh Ambani & 2 Other entities

January 1, 2021 2970 Views 0 comment Print

In re Reliance Industries Ltd (SEBI) It was observed by RIL has entered into a scheme of manipulative trades in respect of the sale of 5% of RIL stake in RPL. However, before undertaking sale transactions in the Cash Segment, RIL fraudulently booked large short positions in the RPL November Futures through 12 Agents with […]

IBBI asked RP to be extremely careful, diligent & act strictly as per law

January 1, 2021 1470 Views 0 comment Print

In view of above, the DC finds that Mr. Arumugam, as an RP, has contravened, the provisions of section 208(2)(a), Regulation 7(2)(h) of the IP Regulations and clause 16 of the Code of Conduct under regulation 7(2) thereof for not maintaining written contemporaneous records for taking decisions during the CIRP. The DC, therefore, in exercise […]

DGGI Gurugram arrests 3 for fraudulently claiming ITC of Rs 12.90 crore

January 1, 2021 771 Views 0 comment Print

The Directorate General of GST Intelligence (DGGI), North Zone, Gurugram has arrested three persons, namely Shri Alok Bhargava and his sons Shri Akul and Shri Atin Bhargava, owners of M/s Delhi Foils, M/s Abinox Industries and M/s Matalax Industries, Wazirpur, New Delhi.

CCI amends one of the formats prescribed for notification of proposed combinations in Form I

January 1, 2021 228 Views 0 comment Print

By way of the Competition Commission of India (Procedure in regard to the Transaction of Business relating to Combinations) Amendment Regulations, 2020, the Commission has deleted paragraph 5.7 of Form I, one of the formats prescribed for notification of proposed combinations.

Model Standing Orders for Service Sector, 2020

December 31, 2020 7554 Views 0 comment Print

(1) These Model Standing Orders may be called the Model Standing Orders for Service Sector, 2020; (2) They extend to all States and Union territories within India to the industrial establishments employing three hundred or more number of workers who are working in the industrial establishments and which are covered under the Occupational Safety, Health and Working Conditions Code, 2020 (37 of 2020) and the rules made thereunder under the control of Central Government or the State Government engaged in service sector.

SEBI modifies Procedural Guidelines for Proxy Advisors

December 31, 2020 873 Views 0 comment Print

Proxy Advisors shall alert clients, within 24 hours of receipt of information, about any factual errors and any impending material revisions to their reports. Further, any such material revisions to their reports shall be communicated to the clients within 72 hours of receipt of the information, while ensuring that adequate time is available for clients to make an informed decision

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