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Notifications/Circulars

Companies allowed to conduct EGMs through VC/OAVM till 31.12.2021

June 23, 2021 1497 Views 0 comment Print

MCA allowed companies to conduct their EGMs through VC or OAVM or transact items through postal ballot in accordance with the framework provided in the aforesaid Circulars upto 31st December, 2021.

Reg. Excise exemption on Ethanol/Methanol blended Petrol, & High-speed diesel

June 22, 2021 1950 Views 1 comment Print

References have been received seeking clarification on applicability of exemption from Basic Excise duty and other cesses, under different notifications, in case the blending of motor spirit (commonly known as petrol) and ethanol or methanol, is done within the refinery.

Collect evidences to take action against errant suppliers: NAA

June 22, 2021 657 Views 0 comment Print

I have been further directed to request you to take all possible steps envisaged under the GST Laws to ensure that the legislative intent of Section 171 of the CGST Act is complied with and to issue appropriate directions to your officers to take action as mandated under Section 171 of the CGST Act and wherever required, to utilise the powers conferred vide provisions of Section 67 (12) of the CGST Act for collection of evidence which may be required to take action against errant suppliers of various goods and services.

Clarification on Operation of Joint B Type Accounts under National Savings Schemes — Regarding

June 22, 2021 5187 Views 0 comment Print

All the operations of account including closure, issue of duplicate passbook and transfer of account etc shall be allowed to be carried out by either of the joint depositors or survivor in case of Joint B Type account in respect of all the schemes except Senior Citizens Savings Scheme under National Savings Schemes.

Introduction of Negotiated Large Trade facility on Stock Exchanges

June 22, 2021 1317 Views 0 comment Print

In order to facilitate a vibrant capital market ecosystem in GIFT-IFSC and to attract global investors and foreign capital, it has been decided to introduce a NLT facility for derivatives on the stock exchanges.

Status of transactions executed at Disaster Recovery Site of MIIs

June 22, 2021 339 Views 0 comment Print

IFSCA Regulations as adopted from Securities and Exchange Board of India (SEBI), require the Stock Exchanges to schedule live trading sessions from their Disaster Recovery (DR) sites located in a different seismic zone, from that of the data centre, for at least two consecutive days in every six months.

ICAI notifies changes related to Training of articled assistant

June 22, 2021 24786 Views 0 comment Print

An articled assistant who has passed the Intermediate (Professional Competence) Examination or Professional Education (Examination-II) or Intermediate examination and has completed a minimum of eighteen months of practical training according to these regulations shall be eligible for industrial training.

Issue of Pension slip by Pension Disbursing Banks on monthly basis

June 22, 2021 1227 Views 0 comment Print

Pension Disbursing Banks to issue pension slip to pensioners after credit of pension on their registered mobile numbers through SMS and email (wherever available) also.

Section 206AB & 206CCA Compliance Check Functionality procedure

June 22, 2021 46401 Views 2 comments Print

Income Tax Department has released a new functionality Compliance Check for Section 206AB & 206CCA to facilitate tax deductors/collectors to verify if a person is a Specified Person as per section 206AB & 206CCA.

CBIC issues 7 GST Circulars on 17th June 2021

June 21, 2021 2505 Views 0 comment Print

On the recommendations of the GST Council made in the 43rd meeting held on 28th May, 2021, CBIC has issued a number of circulars on 17th June, 2021. These clarification cover: applicability of GST rate on laterals/parts of Sprinklers or Drip Irrigation System;

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