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CBIC prescribes effective BCD rate on IT/Electronics items

February 1, 2021 1995 Views 0 comment Print

Budget 2021- Seeks to further amend notification No. 57/2017-Customs dated 30th June, 2017 so as to prescribe effective BCD rate on IT/Electronics items- Notification No. 3/2021-Customs Dated 1st February, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 03/2021 – Customs New Delhi, the 1st February, 2021 G.S.R.61(E). – In exercise of […]

Budget 2021- CBIC prescribes effective rate of Basic Customs Duty

February 1, 2021 10248 Views 0 comment Print

Budget 2021- Seeks to further amend notification No. 50/2017-Customs dated 30th June, 2017 so as to prescribe effective rate of Basic Customs Duty (BCD). Notification No. 2/2021-Customs Dated 1st February, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 2/2021-Customs New Delhi, the 1st February, 2021 G.S.R.60(E).- In exercise of the powers […]

Fast track mergers extended to Starts ups & other small companies

February 1, 2021 6624 Views 0 comment Print

(1) These rules may be called the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

MCA revises threshold for paid up capital and turnover for Small Companies

February 1, 2021 11436 Views 0 comment Print

For the purposes of sub-clause (i) and sub-clause (ii) of clause (85) of section 2 of the Act, paid up capital and turnover of the small company shall not exceed rupees two crores and rupees twenty crores respectively.

MCA amends One Person Companies (OPCs) rules

February 1, 2021 9972 Views 0 comment Print

MCA amends One Person Companies (OPCs) rules vide Companies (Incorporation) Second Amendment Rules, 2021 MCA amends rules 6 related to One Person Company to Convert Itself into a Public Company or a Private Company in Certain Cases and Rule 7 related to Conversion of private company into One Person Company. vide Companies (Incorporation) Second Amendment […]

e-Sanchit- Mandatory document code list revised

February 1, 2021 27981 Views 0 comment Print

Mandatory uploading of documents In e-Sanchit- Mandatory document code list has been revised removing some document codes, The updated list is given as Annexure I attached to this Public Notice.

Notification No. 13/2021-Customs (N.T./CAA/Extension/DRI) dated: 01.02.2021

February 1, 2021 1191 Views 0 comment Print

Notification No. 13/2021-Customs (N.T./CAA/EXTENSION/DRI), dated: 01.02.2021- Appointing Common Adjudicating Authority MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (Directorate of Revenue Intelligence ) Notification No. 13/2021-Customs (N.T./CAA/Extension/DRI) New Delhi, the 1st February, 2021 S.O. 490(E).—In exercise of powers conferred upon by first proviso to section 28(9) of the Customs Act, […]

CBDT amends guideline on power of survey under section 133

January 31, 2021 3417 Views 0 comment Print

Any verification or survey u/s 133A of the Act by the TDS charges shall be conducted by its officers. Where the TDS charge is headed by the Pr.CCIT of the region /CCIT (TDS) / jurisdictional CCIT of TDS charge, the verification or survey action shall be approved by the Pr. CCIT of the region / CCIT (TDS) / jurisdictional CCIT of TDS charges, as the case may be and shall be conducted by the officers of the TDS charge.

Vivad se Vishwas Scheme extended till 28.02.2021

January 31, 2021 3915 Views 0 comment Print

Vivad se Vishwas Scheme is extended by CBDT from existing 31st day of January, 2021 to 28th day of February, 2021.

Cinema halls allowed to operate at 100% capacity (Read SOP)

January 31, 2021 939 Views 0 comment Print

Union Minister Shri Prakash Javadekar today released a standard operating procedure on preventive measures to contain spread of COVID-19 for cinema halls and theatres. Announcing the decision the Minister said now Cinema halls can operate with full capacity.

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