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Working Group on Accounting of Premium, Claims & Related Expenses

July 21, 2022 552 Views 0 comment Print

IRDAI Working Group on Accounting of Premium, Claims and Related Expenses on Estimation Basis and Repatriation of Surplus by FRBs.

Authorisation under rule 96(4)(c) of CGST Rules, 2017

July 21, 2022 3156 Views 0 comment Print

CBIC hereby authorises the Principal Director General/ Director General of Directorate General of Analytics and Risk Management (DGARM), CBIC, New Delhi to exercise the functions under clause (c) of sub-rule (4) of rule 96 of the CGST Rules, throughout the territory of India.

Dispose GST refund applications within time to avoid interest

July 20, 2022 2982 Views 0 comment Print

Concerned GST refund sanctioning authority shall ensure that all GST refund applications are processed and decided within the prescribed time frame in order to avoid undue interest liability on the department. GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE & TAXES, I.P.ESTATE VYPAR BHAWAN: NEW DELHI-110002. (POLICY BRANCH) No. F. 3(433)/GST/policy/2022/1407-13 Dated: 20.07.2022 […]

CBDT notifies Prescribed Authority for e-Verification Scheme, 2021

July 20, 2022 1281 Views 0 comment Print

CBDT authorises the DGIT, Directors of Income-tax, Additional Directors of Income-tax, Joint Directors of Income-tax, Deputy Directors of Income-tax, Assistant Directors of Income-tax, Income Tax Officers and Inspectors of Income-tax working in the Directorate of Income-tax (Intelligence and Criminal Investigation) as Prescribed Authority for the purposes  of e-Verification Scheme, 2021 Ministry of Finance (Department of […]

IBBI suspends registration of IP for outsourcing his responsibilities

July 20, 2022 1749 Views 0 comment Print

The material available on record indicates that IP has entered into an arrangement with one Mr. Anil Goel, on March 21, 2020 for appointment of Mr. Anil Goel as advisory services in CIRP of CD. The scope of services, as provided in the said engagement letter covers finalisation of strategy and structure for resolution process […]

IBBI warns Liquidator for delay in submission of quarterly reports

July 19, 2022 1287 Views 0 comment Print

In the present matter it is observed that the quarterly reports for the quarters ending 30.09.2020, 31.12.2020, 31.03.2021, 30.06.2021 and 30.09.2021 have not been submitted in a timely manner by the Liquidator. Mr. Ravikumar pleads that he had approached the NCLT registry for physical filing but was informed that the filing is to be done […]

Uniform policy for A&C Department of Unified Municipal Corporation of Delhi

July 15, 2022 3465 Views 0 comment Print

Municipal Corporation of Delhi (MCD) order on the new rates of the property tax 1. New property tax rates and conditions will be applicable from July 16, 2022 in order to bring uniformity and streamline and bring transparency in tax administration. 2. Education Cess of 1 per cent on annual property tax will also be payable. […]

Govt extends ad-hoc appointment of 181 officers to the grade of JCIT

July 13, 2022 4992 Views 0 comment Print

Office Order No. 138 of 2022 The President is pleased to extend the ad-hoc appointments in respect of the following officers to the grade of Joint Commissioner of Income Tax (JCIT) for a period of six months w.e.f. 01.01.2022 till 30.06.2022 or till their joining to the grade of JCIT on regular basis or till the date of their retirement, whichever is the earliest: –

Contravention is a contravention whether committed knowingly or unknowingly: IBBI

July 13, 2022 1044 Views 0 comment Print

DC notes that Mr. Dilip Kumar Niranjan should have been more careful and vigilant in conducting the CIRP and should have been cautious and prompt in discharging his duties as an IRP of the CD. The Code, like any other economic law is evolving over period. The jurisprudence around home buyers is also being fortified […]

IBBI suspends registration of IP for 2 years for contravening provisions of IBC Code

July 13, 2022 1314 Views 0 comment Print

With respect to the claim collation, Section 18 (b) provides that IRP receives and collate all the claims submitted by creditors to him, pursuant to the public announcement made under sections 13 and 15. Further Section 25 (2) (e) makes RP responsible to maintain an updated list of claims. On the issue of substantiation of […]

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