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Notifications/Circulars

MVAT: Discontinuance of Issuing Identification Certificate To Units Under Package Scheme of Incentive

March 19, 2021 3579 Views 0 comment Print

Through Government Resolutions dated 20/12/2018, the Government prescribed the modalities procedure for sanction and disbursement of Industrial Promotional Subsidy (IPS) to all Eligible Units i.e. Mega/Ultra —Mega Projects & units other than Mega/Ultra-Mega Projects.

Review of FDI Policy on downstream investments made by NRIs

March 19, 2021 1020 Views 0 comment Print

Investments by NRI(s) on a non-repatriation basis as stipulated under Schedule IV of Foreign Exchange Management (Non-Debt Instruments) Rules 2019 are deemed to be domestic investments at par with the investments made by residents. Accordingly, an investment made by an Indian entity which is owned and controlled by NRI(s) on a non-repatriation basis shall not be considered for calculation of indirect foreign investment.

CBDT promotes 94 officers to the grade of Pr. CIT

March 19, 2021 8505 Views 0 comment Print

Office Order No. 68 of 2021 Consequent upon approval of the Competent Authority, the following officers are, hereby, promoted to the grade of Principal Commissioner of Income Tax (Pr. CIT) (level 15 in the pay matrix Rs. 1,82,200-2,24,100/-) on in-situ basis with immediate effect or w.e.f. the date of assumption of charge of the post by them, whichever is later:-

Promotion of 92 officers to Pr.CIT grade | Order No. 68 of 2021

March 19, 2021 5175 Views 0 comment Print

Office Order No. 68 of 2021 Consequent upon approval of the Competent Authority, the following officers are, hereby, promoted to the grade of Principal Commissioner of Income Tax (Pr. CIT) (level 15 in the pay matrix Rs. 1,82,200-2,24,100/-) on in-situ basis with immediate effect or w.e.f. the date of assumption of charge of the post by them, whichever is later:-

Clarification on Rajasthan Amnesty Scheme-2021

March 19, 2021 7968 Views 1 comment Print

Outstanding demands or disputed amounts which pertain to regular assessment and its escaped  assessment,   if any, and are   not related to evasion cases. Here the penalty, if any, as mentioned in column 4 of the Table- A, implies penalty other than the penalty imposed for evasion/avoidance of tax.

Health Insurance Claims Settlement

March 19, 2021 1086 Views 0 comment Print

It is essential that all insurers establish procedures to let policyholders get clear and transparent communication at various stages of claim processing. As specified in the within referred circular dated 10.4.2019, all the insurers shall ensure putting in place systems to enable policyholders track the status of cashless requests/ claims filed with the Insurer/TPA through the Website/Portal/App or any other authorized electronic means on an ongoing basis.

Handbook on Ethics for Insolvency Professional

March 19, 2021 2241 Views 0 comment Print

IBBIa has brought out this ‘Handbook on Ethics’, to stimulate the highest standards of ethics and professionalism among the IPs, together with British High Commission, who facilitated in obtaining inputs on the best practices followed by Insolvency Practitioners in UK.

FSS (Food Products Standards and Food Additives) Second Amendment Regulations, 2021

March 18, 2021 2295 Views 0 comment Print

(1) These regulations may be called the Food Safety and Standards (Food Products Standards and Food Additives) Second Amendment Regulations, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

MCA establishes Central Scrutiny Centre for carrying out scrutiny of STP e-forms

March 18, 2021 3864 Views 0 comment Print

Central Government hereby establishes a Central Scrutiny Centre (CSC) for carrying out scrutiny of Straight Through Processes (STP) e-forms filed by the companies under the Act and the rules made thereunder.

Anti-dumping duty on imports of ‘Faced Glass Wool in Rolls’ from China

March 18, 2021 5199 Views 1 comment Print

Seeks to impose definitive anti-dumping duty on imports of ‘Faced Glass Wool in Rolls’ originating in or exported from People’s Republic of China. Notification No. 14/2021-Customs (ADD) Dated: 18th March, 2021. MINISTRY OF FINANCE (Department of Revenue) Notification No. 14/2021-Customs (ADD) Dated: 18th March, 2021 G.S.R. 199(E).—Whereas, in the matter of ‘Faced Glass Wool in […]

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