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Govt announces dates of CBSE Board examinations- 2021

January 1, 2021 849 Views 0 comment Print

Union Education Minister announces the dates of CBSE Board examinations- 2021. Class 10th and 12th Board Examinations to be held from 4th May 2021 to 10th June, 2021 – Shri Ramesh Pokhriyal ‘Nishank’. Results of Class 10th and 12th Board Examinations to be declared by 15th July, 2021 – Shri Ramesh Pokhriyal ‘Nishank’ Practical exams of Class 12th  to start from 1st March, 2021 – Shri Ramesh Pokhriyal ‘Nishank’

Income Tax Department conducts searches in Kolkata

January 1, 2021 1101 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.

Mandatory implementation of FASTag wef new year day

January 1, 2021 888 Views 0 comment Print

Ministry of Road Transport & Highways has mandated fitment of FASTag with effect from 1st January, 2021, in M and N categories of motor vehicles sold before 1st December, 2017. Category ‘M’ stands for a motor vehicle with at least four wheels used for carrying passengers. Category ‘N’ stands for a motor vehicle with at least four wheels used for carrying goods, which may also carry persons in addition to goods. It is clarified that this Central Motor Vehicle Rule stands in force as it is.

Postal Department issues notice on updating Customs data of Articles containing goods

January 1, 2021 708 Views 0 comment Print

As per rule 47 of Post Office Guide Part 2 and other relevant rules, it is mandatory that all postal articles including ordinary articles containing goods meant for delivery to foreign destinations are affixed with correct and complete relevant custom declaration forms. These forms include details of sender and recipient along with descriptions of the contents of the article

3 Important updates from MCA on 31.12.2020

January 1, 2021 20202 Views 0 comment Print

1. Due dates of ROC return shall be computed based on actual due date or /extended date of AGM Stakeholders may please note that there is no change in the additional fee logic of eform MGT-7 and AoC-4/AOC-4 XBRL/AOC-4 CFS/AOC-4 NBFC for the FY 2019-20 w.e.f 01 January 2021 since extension was provided to all […]

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

January 1, 2021 891 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 360 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.

FDI inflow increased by 11% from USD 42.06 billion to US$ 46.82 billion

January 1, 2021 1266 Views 0 comment Print

Foreign Direct Investment has played an important role in this process of Globalization and is a major driver of economic growth and a source of non-debt finance for the economic development of India. It has been the endeavour of the Government to put in place an enabling and investor friendly FDI policy.

Auto-population of e-invoice details into GSTR-1/2A/2B/4A/6A

December 31, 2020 19317 Views 0 comment Print

1. Certain notified taxpayers have been issuing invoices after obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as ‘e-invoices’). Details from such e-invoices shall be auto-populated in respective tables of GSTR-1. Update on the status of such auto-population was last published on 30/11/2020.

Income Tax Department conducts searches in Delhi

December 31, 2020 1098 Views 0 comment Print

The Income Tax Department carried out search and seizure action on a number of hawala operators engaged in the activity of routing and handling unaccounted cash in Delhi region. The search action has resulted in unearthing of incriminating evidences revealing various shell entities being used for raising bogus purchase/sale bills, and routing of unaccounted funds through several layers of bank accounts. Such shell entities are closed after two months, and new ones are formed.

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