Day: December 17, 2021

GST ON restaurants

GST on service supplied by restaurants through e-commerce operators

CBIC-190354/207/2021-TRU Section-CBEC Government of India Ministry of Finance Department of Revenue **** North Block, New Delhi, Dated the 17th December, 2021 To, The     Principal     Chief     Commissioners/     Chief     Commissioners/            Principal Commissioners/ Commissioner of Central Tax (All) / The Principal Director Generals/ Director Generals (All) Madam/Sir, Sub: GST on service supplied by restaurants through e-commerce operators –reg. …

GST on service supplied by restaurants through e-commerce operators Read More »

TCS BPS Fresher Hiring

TCS Jobs for Arts, Commerce & Science graduates At 4.2 Lakh Salary, Apply Now

TATA consultancy services has curated exclusive opportunities for Arts, Commerce & Science graduates from the 2022 year of passing to apply for exciting careers and make TheBigMove Exceptional performers will be part of TCS’ fastest growing units – Cognitive Business Operations (CBO), Banking and Financial Services and Insurance (BFSI), and Life Sciences in various enriching roles that amplify their career …

TCS Jobs for Arts, Commerce & Science graduates At 4.2 Lakh Salary, Apply Now Read More »

Government Removes Doubts Relating To Applicability Of GST On Restaurant Services Through E-commerce Operators

The GST Council in its 45th meeting held on 17th September, 2021 recommended to notify ‚Restaurant Service‛ under section 9(5) of the CGST Act, 2017. Accordingly, the tax on supplies of restaurant service supplied through e-commerce operators shall be paid by the e-commerce operator. In this regard notification No. 17/2021 dated 18.11.2021 has been issued. …

Government Removes Doubts Relating To Applicability Of GST On Restaurant Services Through E-commerce Operators Read More »

RBI Central Board Discussion On Cryptocurrency And CBDC

The Central Board, the apex policy-making body of the Reserve Bank of India (RBI), on Friday discussed all aspects related to central bank digital currency (CBDC) and private cryptocurrencies. The government is preparing to bring a law for the regulation of cryptocurrencies. The Cryptocurrency and Official Digital Currency Regulation Bill 2021 is planned to be introduced in …

RBI Central Board Discussion On Cryptocurrency And CBDC Read More »

Schemes of Arrangement by Listed Entities - Clarification w.r.t. timing of submission of NOC from the lending scheduled commercial banks/ financial institutions/ debenture trustee

SEBI Revision to Operational Circular for issue and listing of Commercial Paper

Revision to Operational Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper Securities and Exchange Board of India SEBI/HO/DDHS/P/CIR/2021 /0692 | Dated: December 17, 2021 To Issuers who have listed and/ or propose to list Commercial Paper;Recognised Stock Exchanges;Registered Depositories;Registered Credit Rating Agencies, Debenture Trustees, Depository …

SEBI Revision to Operational Circular for issue and listing of Commercial Paper Read More »

Net Direct Tax collections for the F.Y. 2021-22 have grown at a robust pace at more than 60%

Advance Tax collections for the F.Y. 2021-22 (Till 3rd Installment) stand at Rs. 4,59,917.10 crore as on 16.12.2021 which shows a growth of approximately 53.50% Refunds aggregating to Rs. 1,35,093.6 crore have been issued in the current fiscal The figures of Direct Tax collections for the Financial Year 2021-22, as on 16.12.2021 show that net collections are at …

Net Direct Tax collections for the F.Y. 2021-22 have grown at a robust pace at more than 60% Read More »

Seized outbound undeclared diamonds valued at Rs. 1.56 crore

The Delhi Customs on 16th December 2021 seized a consignment of diamonds being sent out of India, having 1,082 carat weight. The officers of Air Cargo Export Commissionerate, Delhi on the basis of suspicion, examined a consignment declared as ‘plastic hot fix’ with a value of Rs. 5000/-. On examination, a packet containing pouches of cut and …

Seized outbound undeclared diamonds valued at Rs. 1.56 crore Read More »

INDIA, KFW sign Euro 442.26 million loan for Surat Metro Rail Project

The Government of India and the Germany Development Bank – KFW (Kreditanstalt für Wiederaufbau) today signed a Euro 442.26 million loan for Surat Metro Rail project. Shri Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs in the Ministry of Finance signed for Government of India the agreements for Surat Metro Rail Project, while Ms …

INDIA, KFW sign Euro 442.26 million loan for Surat Metro Rail Project Read More »

Big: CCI imposes Rs 200 crore penalty on Amazon, suspends Amazon, Future 2019 deal

Competition Commission of India (CCI) suspended approval for Amazon investments in Future Coupons. The Indian watchdog also imposed a whopping Rs 200 crore penalty on US retail giant. The CCI was hearing a complaint by Future Coupon seeking revocation of nod to Amazon’s investment in the group. In a 57-page order, the CCI said it considers …

Big: CCI imposes Rs 200 crore penalty on Amazon, suspends Amazon, Future 2019 deal Read More »

“Think Big”, Shri Piyush Goyal tells Indian Industry

The Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri PiyushGoyal today urged Indian industry to think big and set accelerated and aggressive targets, with a vision to achieve transformative changes by 2047 when India would be celebrating hundred years of independence. He was delivering the keynote address at the …

“Think Big”, Shri Piyush Goyal tells Indian Industry Read More »

Infrastructure projects worth Rs. 7 Lakh crore planned by Road Transport Ministry in the next 2-3 years

Union Minister for Road Transport & Highways (MoRTH)  Shri Nitin Gadkari  has urged investors to come forward and invest boldly in the infrastructure sector, which offers a diverse array of investment opportunities spanning multiple asset classes including Highways, Multimodal Logistics Parks, Wayside Amenities, Ropeways, Warehousing Zones and more. Addressing the National Conference on Investment Opportunities …

Infrastructure projects worth Rs. 7 Lakh crore planned by Road Transport Ministry in the next 2-3 years Read More »

ARTICLE ON LIMIT ON HOLDING OF GOLD AS PER INCOME TAX ACT 1961

ARTICLE ON LIMIT ON HOLDING OF GOLD AS PER INCOME TAX ACT 1961

LIMIT ON HOLDING OF GOLD AS PER INCOME TAX ACT 1961 (Prudent Requirements  under Income Tax Act on holding of Jewellery more than the limit prescribed by the CBDT) FAQ on government’s recent thrust on tracking unaccounted monies and investments in Liquid Assets Such as Gold :- The purpose of this article is to make …

ARTICLE ON LIMIT ON HOLDING OF GOLD AS PER INCOME TAX ACT 1961 Read More »

Implementation of ‘Core Financial Services Solution’ by Non-Banking Financial Companies (NBFCs)

Big decision of RBI, now these companies are allowed to do government business

The Reserve Bank of India (RBI) has now approved Scheduled Payments Bank and Scheduled Small Finance Bank to do government business. This decision of RBI is going to benefit companies like Paytm Payments Bank, Fino Payments Bank, India Post Payments Bank. RBI said that now such banks are in government or other large corporations’ Request …

Big decision of RBI, now these companies are allowed to do government business Read More »

Health Insurance Premium Will Be Expensive in The New Year

Health Insurance Premium Will Be Expensive in The New Year

In the new year 2022, private hospitals are preparing to increase the treatment and package charges by up to 10 percent, which will also affect your health insurance premium. The increase in hospital charges will have more impact in the group insurance premium that is renewed every year and insurance companies will increase the group …

Health Insurance Premium Will Be Expensive in The New Year Read More »

Extension of due dates of Income tax returns & Tax audit reports for FY 2020-21 (AY 2021-22)

Gujarat Chamber of Commerce & Industry Shri Ambica Mills,Gujarat Chamber Building,Ashram Road, Ahmedabad 380009,Gujarat, India. Request for Extension of due dates of Income tax returns & submission of Tax audit reports for FY 2020-21 (AY 2021-22) 15th December, 2021/14945 To, Smt. Nirmala SitharamanHon’ble Union Minister of Finance,Ministry of Finance,Government of India,North Block,New Delhi — 110001 …

Extension of due dates of Income tax returns & Tax audit reports for FY 2020-21 (AY 2021-22) Read More »

Ministry of Rural Development to launch Bank Overdraft facility for women SHG members

As a part of the Azadi ka Amrit Mahotsav, Shri Nagendra Nath Sinha, Secretary, Department of Rural Development, Ministry of Rural Development will launch the overdraft facility of Rs. 5,000 to verified women SHG members under DAY-NRLM, on 18th December, 2021. The event will also include a “Discourse on Rural Financial Inclusion” in which top officials …

Ministry of Rural Development to launch Bank Overdraft facility for women SHG members Read More »

Government cuts GST rate to 5% from 18% on THIS product

In a major relief to local and home services startups, the government has brought down the goods and services tax (GST) rates. GST rate to 5 per cent from 18 on ethanol meant for blending under the Ethanol Blended Petrol (EBP) programme. government has slashed the Goods and Services Tax (GST) rate on ethanol meant for blending …

Government cuts GST rate to 5% from 18% on THIS product Read More »

All about Advance Ruling in Customs

Advance Rulings provide certainty in taxation thereby ensuring EODB and aids in achieving the goal of AatmaNirbharBharat Here’s a thread on information about Advance Rulings in Customs What is an Advance Ruling in Customs ? CLICK HERE TO READ FULL When can you seek Advance Rulings in Customs ? CLICK HERE TO READ MORE Who …

All about Advance Ruling in Customs Read More »

introducing view once on WhatsApp

How to send view once photos and video on WhatsApp

About view once For added privacy, you can now send photos and videos that disappear from your WhatsApp chat after the recipient has opened them once. To use view once, please update WhatsApp to the latest version available for your device. Media will not be saved to the recipient’s Photos or Gallery. Once you send a view once …

How to send view once photos and video on WhatsApp Read More »

HDFC Bank Alert: These Rules Related To Card Will Change On 1st January 2022

HDFC Bank Alert: These Rules Related To Card Will Change On 1st January 2022

HDFC Bank has issued an alert for its customers. If you are also a HDFC Bank customer, then there is an important update for you. Giving information to the customers, the bank said, ‘The description of your HDFC Bank card entered on the merchant website/ app will be deleted. RBI had given orders regarding this, …

HDFC Bank Alert: These Rules Related To Card Will Change On 1st January 2022 Read More »