The Central Board of Indirect Taxes and Customs (CBIC) vide its Circular No 10/2021 – Customs dated 17th May 2021 notify the changes introduced through the Customs (Import of Goods at Concessional Rate of Duty) Amendment Rules, 2021. The said rules have been introduced keeping in view the demands from the trade and industry and
In continuation of the Government of India Notification regarding issuance of Sovereign Gold Bonds (SGB) dated 12th May 2021, SGB 2021-22 Series – I will be opened for subscription during the period 17th May 2021 to 25th May 2021. The issue price of the Bond during the subscription period shall be Rs 4,777 (Rupees Four
The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from May 2021 to September 2021as per the calendar specified below: S. No. Tranche Date of Subscription Date of Issuance 1. 2021-22- Series I May 17-21,
Sovereign Gold Bonds (SGBs) are the best alternative to investing in physical gold. These bonds give you the appreciation in capital invested and the Government also pays the interest at the rate of 2.5% per annum (on quarterly basis). These bond also reduces the various risk associated with the physical gold. Followings are the some
The Employees State Insurance Corporation (ESIC) vide Press Release Dated 12th May 2021 extends the last date of payment of ESI contribution for the month of April 2021 from 15th May 2021 to 15th June 2021 considering the COVID-19 challenging condition in the country. The country is dealing with a very challenging situation due to
Power of Commissioner for provisional attachment under GST In the recent past, it has been seen that the GST authorities are inappropriately misusing the provisions of Section 83 of CGST Act, 2017 for provisionally attaching the properties and bank account of the taxable person without fulfilling the conditions prescribed under the statute for the valid
The Central Board of Direct Taxes (CBDT) vide its Notification No 56/2021 dated 07th May 2021 exempted the provisions of Section 269ST of Income Tax Act, 1961 for Hospitals, Dispensaries, Nursing Homes, Covid Care Centres or similar other medical facilities providing Covid treatment to patients, on obtaining the PAN or AADHAAR of the patient and
The Ministry of Corporate Affairs (MCA) vide its Circular No 09/2021 dated 05th May 2021 issues the clarification on the spending of Corporate Social Responsibility (CSR) funds for creating health infrastructure for COVID care, the establishment of oxygen generation and storage plant. The steps have been taken by the MCA keeping in view of the
The Central Board of Direct Taxes (CBDT) vide its Notification No 50/2021 dated 05th May 2021 exempted the cash allowances received from the employer in lieu of any travel concession or assistance maximum up to Rs 36,000/- or one-third of the specified expenditure, whichever is less, under the second proviso to clause (5) of section
After the relaxation in Income Tax and Goods and Services Tax (GST) compliances Central Government also came up with the relaxation in Companies Act and Limited Liability Act compliances. The Ministry of Corporate Affairs (MCA) issues following three Circulars regarding the various relaxation in the Company Law compliances considering the severe COVID-19 conditions in the
