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Availability of Input Tax Credit (ITC) for FY 2020-21

October 17, 2021 36744 Views 0 comment Print

1. As per Section 16(4) of CGST Act, 2017, no taxpayer shall take input tax credit in respect records (invoices and debit notes) for supply of goods or services (or both) for Financial Year 2020-21 after the due date of furnishing the return for the month of September 2021. The due date for the GSTR-3B […]

Dr. Navrang Saini given additional charge as Chairperson, IBBI

October 13, 2021 879 Views 0 comment Print

Central Government today assigned additional charge of Chairperson, Insolvency and Bankruptcy Board of India (IBBI) to Dr. Navrang Saini, Whole Time Member, IBBI, in addition to his existing duties for a period of three months from today or till the joining of a new incumbent to the post or until further orders, whichever is earlier.

RBI bans Haribhakti And Co from doing audits of regulated entities for FY 21-22

October 12, 2021 11541 Views 0 comment Print

Reserve Bank of India Date : Oct 12, 2021 Action against Statutory Auditors of NBFC under section 45MAA of RBI Act, 1934 The Reserve Bank of India (RBI) in exercise of the powers vested under section 45MAA of the Reserve Bank of India Act, 1934, has, by an order dated September 23, 2021, debarred M/s […]

RBI Monetary Policy Statement, 2021-22- No Change in Rates

October 8, 2021 2751 Views 0 comment Print

Monetary Policy Committee (MPC) at its meeting today (October 8, 2021) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent.

SEBI issues Directions to NCDEX regarding trading in Mustard Seed contracts

October 8, 2021 621 Views 0 comment Print

SEBI has issued the following directions to National Commodity & Derivatives Exchange Limited (NCDEX), in respect of trading in Mustard Seed contracts:

Resumption of Blocking of E-Way Bill (EWB) generation facility

October 4, 2021 1248 Views 0 comment Print

1. The blocking of E way bill generation facility had been temporarily suspended by Government on account of Covid pandemic. In terms of Rule 138 E (a) and (b) of the CGST Rules, 2017, the E Way Bill generation facility of a person is liable to be restricted, in case the person fails to file […]

Dr. M. S. Sahoo completes tenure as Chairperson, IBBI

October 1, 2021 2304 Views 0 comment Print

Dr. M. S. Sahoo completed his tenure of five years as Chairperson of the Insolvency and Bankruptcy Board of India (IBBI) on 30th September, 2021. The IBBI family bid farewell to Dr. Sahoo and remembered his outstanding contributions as thought leader and as visionary, in a glittering farewell function organized at India Habitat Centre.

IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2021

September 30, 2021 1899 Views 0 comment Print

These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2021.

IBBI (Liquidation Process) (Second Amendment) Regulations, 2021

September 30, 2021 1575 Views 0 comment Print

These Regulations may be called the Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2021. They shall come into force on the date of their publication in the Official Gazette.

SEBI Proposes framework for Gold Exchange & SEBI (Vault Managers) Regulations, 2021

September 28, 2021 1476 Views 0 comment Print

3.1 The Vault Manager should be a body corporate incorporated in India. 3.2 The Vault Manager should have net worth of at least Rs. 50 crores. 3.3 The Vault Manager will be registered and regulated as SEBI intermediary, for providing vaulting services meant for gold deposited to create EGRs.

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