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Notifications/Circulars

Notification No. 90/2020-Income Tax, Dated: 15.12.2020

December 15, 2020 2802 Views 0 comment Print

Central Government hereby specifies Secretary, Citizen Resources Information Department, Government of Haryana, for the purposes of the said clause in connection with sharing of information regarding income-tax assessees for identifying the eligible beneficiaries for transfer of financial assistance through Direct Benefit Transfer Scheme.

Asset Quality & Credit Channel of Monetary Policy Transmission in India

December 15, 2020 1188 Views 0 comment Print

RBI Working Paper No. 14/2020: Asset Quality and Credit Channel of Monetary Policy Transmission in India: Some Evidence from Bank-level Data

Price Discrimination in Over-the-Counter Currency Derivatives

December 15, 2020 807 Views 0 comment Print

RBI Working Paper No. 13/2020: Price Discrimination in Over-the-Counter Currency Derivatives provides empirical evidence on the presence of considerable price discrimination in the Indian over-the-counter (OTC) currency derivatives market. Clients transacting with a single dealer counterparty paid an average markup of 18 paise, which falls to 9 paise for clients transacting with two dealers, and close to zero for clients transacting with ten or more dealers.

Tariff Notification No. 112/2020-Customs (N.T.), Dated: 15.12.2020

December 15, 2020 987 Views 0 comment Print

Tariff Notification No. 112/2020-Customs (N.T.), Dated: 15.12.2020 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 112/2020-Customs (N.T.) New Delhi, the 15th December, 2020 S.O. 4538(E).—In exercise of the powers conferred […]

Anti-dumping duty on imports of Dimethylacetamide-Reg.

December 15, 2020 396 Views 0 comment Print

Seeks to amend notification No. 12/2018-Customs (ADD) dated 20th March, 2018 imposing anti-dumping duty on imports of Dimethylacetamide originated in or exported from China PR and Turkey, to exclude goods of certain specification from the product under consideration. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 15th December, 2020 Notification No. 47/2020 -Customs (ADD) […]

Draft Aircraft (Investigation of Accident and Incident) Amendment Rules, 2020

December 15, 2020 348 Views 0 comment Print

Draft Rules- 1. (1) These rules may be called the Aircraft (Investigation of Accident and Incident) Amendment Rules, 2020. (2) They shall come into force on the date of their final publication in the Official Gazette.

Penalty for accepting assignment as Resolution Professional after 31.12.2019 without holding a valid AFA

December 15, 2020 366 Views 0 comment Print

The DC finds that an order has been passed against Mr. Manudhane on 1st December, 2020 by the Disciplinary Committee of IPA for accepting assignment as Resolution Professional after 31st December, 2019 without holding a valid AFA in the CIRP of the CD and it has been decided that Mr. Manudhane is guilty of Professional […]

Professional Misconduct – Accepting assignment as IRP after 31.12.2019 without holding a valid AFA

December 15, 2020 381 Views 0 comment Print

In the present matter, Mr. Samson gave written consent to act as an IRP in the CIRP of the CD on 4th April, 2019 and application under section 7 of the Code was filed before the AA on 11th April 2019. He was appointed as IRP by the AA vide order dated 16th July, 2020 […]

Due date of GST compliance by Authority extended to 31.03.2021

December 14, 2020 16941 Views 0 comment Print

Notification No. 91/2020 – Central Tax dated 14.12.2020 Seeks to extend due date of compliance by any authority and for actions in respect of anti-profiteering measures under GST which falls during the period from 20.03.2020 to 30.03.2021 till 31.03.2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, the […]

DGGI unearthed 4689 fake GSTINs & arrested 141 persons

December 14, 2020 1095 Views 0 comment Print

On the anti-evasion front, DGGI formations and the CGST zones have continued their drive against fake invoice usage. They have, so far in the month-long operation. unearthed 4689 fake GSTINs and arrested 141 persons and booked cases involving wrongly availed credit of Rs.13447.95 crore.

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