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Allocation of MBBS/BDS Seats from Central Pool for spouse & children of terrorist victims

September 21, 2020 714 Views 0 comment Print

Guidelines issued by Ministry of Health and Family Welfare for allocation of Central Pool MBBS/BDS seats for spouse and children of civilian victims of terrorist for the academic year 2020-21.

GST: Recovery interest on net cash tax liability w.e.f. 01.07.2017: CBIC

September 18, 2020 15429 Views 2 comments Print

For the period 01.07.2017 to 31.08.2020, field formations in your jurisdiction may be instructed to recover interest only on the net cash tax liability (i.e. that portion of the tax that has been paid by debiting the electronic cash ledger or is payable through cash ledger); and

Uninterrupted supply of Medical Oxygen in country- Reg.

September 18, 2020 318 Views 0 comment Print

As you are aware, availability of adequate and uninterrupted supply of Medical Oxygen is an important pre-requisite for managing moderate 86 severe cases of COVID-19. With increasing number of active cases of COVID-19, the consumption of oxygen is also expected to increase.

Compulsory Complete Income Tax Scrutiny Guidelines during FY 2020-21

September 17, 2020 51141 Views 3 comments Print

Keeping in view of the Faceless Assessment Scheme,2020 implemented by the Department and the difficulties being faced amid COVID-19 pandemic, the parameters for compulsory selection of returns for Complete Scrutiny during Financial Year 2020-21 and conduct of assessment proceedings in such cases are prescribed as under:

Modified Protocol for Sealed Building in Mumbai

September 15, 2020 1536 Views 0 comment Print

As the COVID-19 eases are increasing in Mumbai, since I week of September 2020. Issue of revising the guidelines for sealing building/wing/tower was discussed in V.C. meeting of Hon’ble Municipal Commissioner on 15.09,2020. Earlier guidelines were issued on 13.05.2020. Accordingly, revised guidelines for scaling building/wing/tower are to be followed as below.

GST evasion of Rs. 96.06 crore detected in Shillong

September 14, 2020 1692 Views 0 comment Print

Based on data analytics, the CGST Commissionerate, Shillong, detected ineligible availment of ITC by some Units primarily engaged in supply of electrical energy during the period July 2017 to March 2020. The exercise led to recovery of Rs. 44.80 crore against the detection of GST evasion of Rs. 96.06 crore.

EPFO: Attachment of bank accounts for enforcing appearance

September 14, 2020 6594 Views 0 comment Print

Instances have been noticed in which the officers conducting inquiries u/s 7A have issued orders to attach/freeze bank accounts of the establishments/ personal accounts of the employers for alleged non-appearance in such inquiries. Such practices have attracted a lot of adverse observations from Constitutional Courts and other quarters.

Role of Govt and its Agencies in Corporate Insolvency Resolution & Liquidation Processes

September 12, 2020 2355 Views 0 comment Print

The Insolvency and Bankruptcy Code, 2016 (Code) consolidates and amends the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximisation of the value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders.

CBIC to roll-out Faceless Assessment at all India level by 31.10.2020

September 4, 2020 837 Views 0 comment Print

The Board has now decided to roll-out Faceless Assessment at an all India level by 31st October 2020. In the proposed schema, 11 National Assessment Centres (NACs) have been constituted. The role of NACs and coordination among them as well as the Directorates is very critical to the successful implementation of Faceless Assessment and for bringing uniformity and enhanced quality of assessments.

Digitisation of records important for combating tax evasion: CBIC Chairman

August 31, 2020 1041 Views 0 comment Print

cross-border crimes. While the DIGIT platform is already in place for the DRI and Customs formations to capture Customs related offences, the DG Systems (Bengaluru Zonal Unit) has come out with an investigation (enforcement) sub-module under the Dispute Settlement and Resolution module of ACES­GST application that covers all activities starting from initiation of a case till issuance of the investigation report

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