Bizsol Update for the month February 2021 Article: Importance Of RBI/FEMA Compliances For Corporates” by Mr.Adwait Venkitachalam, Director, Bizsolindia Financial Services Pvt. Ltd Changes in GST, FTP, Central Excise, Customs, Income Tax, Service Tax, MVAT, Company law, FEMA/ RBI , SEZ. Important due dates for the statutory payments for the month. Important High Court/ CESTAT …
Scheduled Commercial Banks will be allowed to deduct the amount equivalent to credit disbursed to ‘New MSME borrowers’ from their Net Demand and Time Liabilities (NDTL) for calculation of the Cash Reserve Ratio (CRR) in terms of paragraph 5 of the Statement on Developmental and Regulatory Policies of February 5, 2021.
HC notice to GST Authorities for allegedly pressurising to transfer Rs.9 Cr to department account in the case of Bharat Acid and Chemicals, Proprietor Kanubhai Manilal Patel Vs. Union Of India (Gujarat High Court)
GST classification Issue: HC directs GST Authorities to not to detain person called for recording any evidence in the case of Nowrangroy Agro Private Limited Vs Union of India (Calcutta High Court)
Creditor not become Financial Creditor if Corporate Debtor Only Gives Security by Pledging Shares without Undertaking to Discharge Borrower: SC in the case of Phoenix Arc Pvt. Ltd. Vs Ketulbhai Ramubhai Patel (Supreme Court)
In case of B-17 bond executed by EOU/STP/EHTPs in capacity of Proprietorship or partnership firm, surety cannot be given by Proprietor/ partner himself. Such sureties must be given by an independent legal entity other than the Proprietor/ Partner of the concerned Proprietorship/ Partnership EOU firm. [Circular No. 03/2021-Customs 03rd February, 2021] Arbitration & Conciliation (Amendment) Bill, 2021 …
Anti-dumping duty on PTFE is imposed if goods are imported from Russia, Korea RP & China has been enhanced after thorough investigation by Anti-dumping authorities.
The CIMS will be effective from 01.04.2021,i.e., Bill of Entry filed on or after 01.04.2021 for items as listed in this Notification shall be governed by CIMS. The facility of online registration will be available with effect from 15.02.2021. Effect of the Notification: CIMS will be effective from 01.4.2021 and online registration will be available …
CBIC made the changes for implementing the Tariff Rate Quota (TRQ) licenses issued by DGFT and link with transmitted data by DGFT electronically to ICE gate w.r.t. IEC based quantity approved on TRQ licenses, which will be debited from the quantity imported against the bill of entry. It is the loudable and encouraging.
No GST is payable on RCM basis the remuneration paid to the Director who is in the employment and file the income tax return under the head of “Income From Salaries”, in other cases GST is payable on RCM basis in terms of Appellate Advance Ruling Authority in the matter of CM/s lay Craft India …
RBI releases Discussion Paper on Revised Regulatory Framework for NBFCs- A Scale-Based Approach.
TNMM method is most appropriate method to take care of all notional interest costs as held by ITAT Chennai.
National Faceless Assessment Centre /Regional Faceless Assessment Centres/ Assessment Units/ Review Units (read as NeAC/ ReACs/ AUs/ RUs), set up under the Faceless Assessment Scheme, 2019 will also act as the National Faceless Penalty Centre /Regional Faceless Penalty Centre/ Penalty Unit/Penalty Review Unit respectively to deal with all penalty matters except i) Penalty proceedings in cases assigned …
National Faceless Penalty Centre have been set up (22.1.2021) Read More »
We are pleased to invite you for our Webinar on “BUDGET 2021-22” on Monday, 1st February 2021 @4:30 PM. Click here to Register for the Webinar
Bizsolindia and RaMa TECHNOLOGIES entered in a joint venture (Bizsol Rama Technologies) for Development of Web based software’s with Mobile Applications which are ensuring “Ease of Doing Business” in all commercial facet.
Bizsol Update for the month January 2021 Changes in GST, FTP, Central Excise, Customs, Income Tax, Service Tax, MVAT, Company law, FEMA/ RBI , SEZ. Important due dates for the statutory payments for the month. Important High Court/ CESTAT / ITAT Decisions during the month. Bizsol Update – January 2021
INDIA has gone through in absolutely bad phase in the year 2020-21, not only on account of pandemics of COVID-19 but number of aspects w.r.t. business and tax compliances. At present, trade & industries and professionals are struggling to revive their business and liquidity is the only oxygen for them for survival of the business. Collection …
Benefits of MSME’ by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd.
Bizsol Update for the month December 2020 Changes in GST, FTP, Central Excise, Customs, Income Tax, Service Tax, MVAT, Company law, FEMA/ RBI , SEZ. Important due dates for the statutory payments for the month. Important High Court/ CESTAT / ITAT Decisions during the month. Bizsol Update – December 2020
Bizsol Update for the month November 2020 Changes in GST, FTP, Central Excise, Customs, Income Tax, Service Tax, MVAT, Company law, FEMA/ RBI , SEZ. Important due dates for the statutory payments for the month. Important High Court/ CESTAT / ITAT Decisions during the month. Bizsol Update – November 2020
