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Notifications/Circulars

Revised guidelines for Liquidity Enhancement Scheme in Equity Cash & Derivatives Segments

September 1, 2021 798 Views 0 comment Print

Stock exchanges are directed to: 4.1. take necessary steps and put in place necessary systems for implementation of the above.4.2. make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision. 4.3. bring the provisions of this circular to the notice of the stock brokers/ trading members of the stock exchanges and also disseminate the same on its websites.

Board of Income Tax Advance Rulings Comes Into Effect From 1-9-2021

September 1, 2021 1887 Views 0 comment Print

In exercise of the powers conferred by the second proviso to sub-section (1) of section 245-O, sub-section (2) of section 245P, sub-section (4) of section 245Q, sub-section (8) of section 245R, sub-section (3) of section 245S, sub-section (3) of section 245T, sub-section (3) of section 245U and the proviso to section 245V of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby appoints 1st day of September, 2021 as the date for the purposes of said provisos and said sub-sections of the said Act.

CBDT constitutes Boards for Advance Rulings at Delhi & Mumbai

September 1, 2021 2172 Views 0 comment Print

Central Government hereby constitutes the Boards for Advance Rulings at Delhi and Mumbai  for the purposes of giving advance rulings under Chapter XIX-B of Income Tax Act on or after the 1st day of September, 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 96/2021 – Income Tax New Delhi, […]

GST on construction of road where considerations are received in deferred payment HAM (Annuity)

September 1, 2021 12864 Views 0 comment Print

NHAI Clarification regarding applicability of GST on the activity of construction of road where considerations are received in deferred payment HAM (Annuity) – reg.

Investigation concerning imports of Aluminium Alloy Road Wheels

September 1, 2021 1299 Views 0 comment Print

(Case No. : MTR – 1/2021) Initiation of mid-term review investigation concerning imports of Aluminium Alloy Road Wheels originating in or exported from China PR

MSMEs vs. Traders: Understanding Delayed Payment Benefits

September 1, 2021 5127 Views 0 comment Print

Explore how the recent policy update impacts MSMEs and traders regarding delayed payment benefits under the MSMED Act, 2006. Insights for businesses.

Date for filing application for revocation of cancellation of GST registration extended

August 31, 2021 3681 Views 0 comment Print

Where the due date of filing of application for revocation of cancellation of registration falls between 1st March, 2020 to 31st August, 2021, the time limit for filing of application for revocation of cancellation of registration is extended to 30th September, 2021.

CBIC extends ADD on Glass Fibre and Articles thereof till 31.10.2021

August 31, 2021 4287 Views 0 comment Print

seeks to amend Notification number 48/2016-Customs (ADD) dated 1st September, 2016 , to extend the levy on ‘Glass Fibre and Articles thereof’ from China PR upto 31st October, 2021. Notification No. 49/2021-Customs (ADD), Dated: 31.08.2021 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 49/2021-Customs (ADD) | Dated: 31st August, 2021 G.S.R. 607(E).—Whereas, the […]

Sea Cargo Manifest and Transhipment (Seventh Amendment) Regulations, 2021

August 31, 2021 1629 Views 0 comment Print

CBIC notifies Sea Cargo Manifest and Transhipment (Seventh Amendment) Regulations, 2021 vide Notification No. 70/2021-CUSTOMS (N.T.) | Dated: 31st August, 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 70/2021-CUSTOMS (N.T.) | Dated: 31st August, 2021 G.S.R. 606(E).—In exercise of the powers conferred by section 157, […]

Import of aircrafts by Aircraft Leasing Entities in IFSC allowed

August 31, 2021 4260 Views 0 comment Print

Policy Condition no. 1 of Chapter 88 of ITC (HS) 2017, Schedule- I (Import Policy),is revised in part (e) to allow import of aircrafts by Aircraft Leasing Entities in IFSC, located in GIFT city, Gandhinagar, Gujrat in line with the revised Air Transport Circular 02/2017 issued by DGCA. Further, the existing part (e) of Policy […]

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