Month: August 2021
CPC can not adjust refund in excess of 20% for disputed outstanding demand. Order u/s 245 or order u/s 220(6) do not authorise recovery in excess of 20%. ABCAUS Case Law CitationABCAUS 3542 (2021) (08) HC Important case law relied referred:Amrit Singh Ahluwalia vs. State of Punjab & …
Additional Penalty for Repeated Delivery Default by a seller/buyer to be imposed @ 3 % of the value of the delivery default SEBI had stipulated delivery default norms vide Circular SEBI/HO/CDMRD/DRMP/CIR/P/2021/35 dated March 23, 2021. In order to put in place a suitable deterrent mechanism to address instances …
ICMAI proposes multidisciplinary firm for cost accountants – Read Draft Regulations THE INSTITUTE OF COST ACCOUNTANTS OF INDIA Notification No. CWR (1) 2021 Kolkata, the 13th August, 2021 .The following draft of certain regulations further to amend the Cost and Works Accountants Regulations, 1959, which the Council of …
Pr. Commissioners/Commissioners of Customs to decide the amount of security required in certain cases of provisional assessments Circular No. 19/2021-Customs F. No. 15021110/2020-ICD-CBECGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and Customs North Block, New DelhiDated .16th August, 2021 To,All Principal Chief Commissioners/Chief Commissioners …
CBDT transfers 222 Principal Commissioners / Principal Directors of Income Tax CBDT has ordered transfers of 222 Principal Commissioners / Principal Directors of Income Tax. Additional charge arrangements have also been made in in 79 cases. The said transfers are part of Annual General Transfers 2021. Read CBDT …
De-notification of Inland Container Depots/Container Freight Stations/Air Freight Stations Providing relief to custodians of Inland Container Depots (ICDs) and Container Freight Stations (CFSs) across the country, the CBIC today streamlined the procedure of closure of these facilities in maximum of four months only. No timeline was specified earlier. …
Centre Notifies RoDTEP Scheme Guidelines and Rates Centre has today notified RoDTEP Scheme Guidelines and Rates (Remission of Duties and Taxes on Exported Products). The scheme for zero rating of exports will boost our exports & competitiveness in the global markets .The rates of RoDTEP will cover 8555 …
Module wise new functionalities deployed on the GST Portal for taxpayers Various new functionalities are implemented on the GST Portal, from time to time, for GST stakeholders. These functionalities pertain to different modules such as Registration, Returns, Advance Ruling, Payment, Refund and other miscellaneous topics. Various webinars are …
Income Tax Department recruiting sportsman to the post of Income Tax Inspector, Tax Assistant and Multi Tasking Staff. Last date to apply 30.09.2021 Income Tax Department recruiting sportsman. Office of the Principal Chief Commissioner of Income Tax UP (East) Region is inviting applications from meritorious sportsman for recruitment …
Further extension likely as glitches in new e-filing portal expected to be fixed in next 2-3 weeks Glitches in new income tax e-filing portal expected to be fixed entirely in next 2-3 weeks – FM As per ANI, Finance Minister Nirmala Sitharaman has stated that the glitches faced …