Day: August 25, 2020
Interest on net GST liability paid by debiting electronic cash ledger payable on delayed returns from 1st September 2020 Section 50 of the CGST Act 2017 provides for levy of interest on delayed payment of tax. The interest is also payable on claiming excess input tax credit (ITC). …
Export of PPE Kit, 2/3 ply surgical masks, N-95 and equivalent masks allowed DGFT vide Notification No. 29 dated 25.08.2020 has removed restriction on export of PPE medical coveralls & 2/3 ply surgical masks & allowed export of N-95 and equivalent masks under monthly quota. The Notification issued …
IBBI bans Insolvency Professional for three months for appointing unregistered valuer ABACUS Case Law CitationABCAUS 3372 (2020) (08) IBBI In a recent case, Disciplinary Committee of IBBI has banned an Insolvency Professional for a period of three months for appointing unregistered valuer Under regulation 27 of the corporate …
SEBI issues Master Circular for Mutual FundsĀ For effective regulation of the Mutual Fund Industry, Securities and Exchange Board of India (SEBI) has been issuing various circulars from time to time. In order to enable the industry and other users to have an access to all the applicable …