It is prayed that suitable amendments may be made in the GST Act and Rules, so that the Input Tax Credit due to the Recipients by way of belated filing the GSTR 1, as per the Amnesty Scheme, is made available to them and thus those tax-payers who opted the Amnesty Scheme, are saved from the unaffordable and unbearable financial loss, and hence further failure in complying with the provisions of the GST Act.
Central Government guarantee of Rs.30,600 crore to back Security Receipts issued by National Asset Reconstruction Company Limited (NARCL) for acquiring stressed loan assets was approved by Union Cabinet yesterday.
A total of 52 companies have filed their application with committed investment of Rs 5,866 crore under the PLI scheme to incentivize the domestic manufacturing of components of White Goods (Air conditioners and LED lights), applications for which closed on 15 September, 2021. The PLI Scheme was notified on 16.04.2021.
No. FS-13/7/2020-FS Government of India Ministry of Communications Department of Posts (F.S.Division) Dak Bhawan New Delhi-110001 Dated: 15.09.2021. To, All Head of Circles/Regions, Sub: – Deduction/Non-deduction of TDS in SCSS accounts in CBS post offices reg. Sir/Madam, This office is receiving various representations from the SCSS account holder(s) that CBS post offices are either not […]
The central Govt., today, i.e. 15.09.2021, approved approved the Production-Linked Incentive (PLI) scheme for drones and drone components. It is step towards realising our collective vision of an Aatmanirbhar Bharat. The PLI scheme comes as a follow-through of the liberalised Drone Rules, 2021 released by the Central Government on 25 August 2021. The PLI scheme […]
Last one and a half year has been period of ‘Capital Markets’- the capital markets have come right at the center stage of the financial sector, emerging as a credible and prominent way for investing money by the investors, and raising resources by the corporates.
The Heads of Tax Authorities of the BRICS countries, namely the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa held a virtual meeting here today under the Chairship of India.Shri Tarun Bajaj, Secretary, Revenue, Government of India, in his capacity as Head of Tax Authorities in India, presided over this meeting.
DGGI Gurugram Zonal Unit (GZU), Haryana has arrested 3 persons including a CA on charges of creating and operating multiple fictitious firms on forged documents and passing large amounts of fake input tax credit by way of issuance of invoices without any actual receipt or supply of goods or services.
DTPA appraises FM about the problems and issues faced by the assessee and professionals in new Income Tax Portal after three months since its launch. DIRECT TAXES PROFESSIONALS’ ASSOCIATION Income Tax Building, 3, Govt. Place West, Ground Floor, Kolkata 700001 Ph 033-22420638 Ref. No. – DTPA/Rep/21-22/01 Date: 15th September, 2021 To, Mrs. Nirmala Sitharaman, Hon’ble Finance Minister, Government […]
The Gems & Jewellery sector is one of the important sectors of Indian Economy, with a contribution of around 7% to GDP, 10-12% share in country’s total merchandise export and being one of the leading sectors in terms of employment generation providing employment to approx. 5 million skilled and semi-skilled workforce.
