Posted inBUSINESS & ECONOMY

Fugitive Diamantaire Mehul Choksi Captured in Dominica

PTI: Fugitive diamantaire Mehul Choksi, who had recently fled from Antigua and Barbuda, was captured in neighbouring Dominica after an Interpol Yellow Notice was issued against him, the local media reported on Wednesday. Police in Dominica captured Choksi on Tuesday night (local time) after an Interpol Yellow Notice was issued by Antigua and Barbuda. Choksi […]

Posted inTC

States to Receive 11 Lakh COVID Vaccine Doses Soon: Centre

PTI: More than 1.84 crore COVID-19 vaccine doses are still available with states and UTs and they will receive over 11 lakh doses within the next three days, the Union Health Ministry said on Thursday. The Centre has so far provided, both through the free of cost category and through direct state procurement category, more […]

Posted inGST

Reply to a RTI Application Reveals that More Than Rs 100 Crore has been Collected by the Government as Late Fees in GST Returns from April 2019 to April 2021

A professional Mr. Pallaav Parashar filed a RTI application to seek information regarding collection of late fees in GST by the government. According to the reply filed by the government, it reveals that government has collected Rs. 1,07,02,47,136 as late fees in GST returns from April 2019 to April 2021. In a tweet by Mr. […]

Posted inEPFO

Avoid Unnecessary Crowd in Queue. Submit Your Jeevan Pramaan Patra from Home: EPFO

As COVID-19 risk is increasing in the country, EPFO has tweeted a tweet to say that please avoid unnecessary crowd. The tweet is quoted as under: “Avoid unnecessary crowd/standing in queue. Submit your Jeevan Pramaan Patra from Home. https://twitter.com/socialepfo/status/1395621520492298246?s=19“ EPFO has also tweeted pictures for better guidance which are attached as under:

Posted inINCOME TAX

The New E-filing Portal is Aimed at Providing Taxpayer Convenience and A Modern, Seamless Experience to Taxpayers: Income Tax Department

The Income Tax Department has tweeted on 20th May 2021 that: Income Tax Department to launch its new e-filing portal http://www.incometax.gov.in/ on 7th June, 2021. Existing ITD portal ie http://www.incometaxindiaefiling.gov.in/home would not be available to taxpayers/ other stakeholders for a brief period of 6 days i.e. from 1st June, 2021 to 6th June, 2021. The […]

Posted inINCOME TAX

E-filing Services of Income Tax Department will not be Available from 1 June 2021 to 6 June 2021 due to Launch of New E-filing Portal

The Directorate of Income Tax (Systems) has written a Letter to all Principle Chief Commissioners/ Chief Commissioners/ Directors General of Income Tax stating that e-filing services of Income Tax Department will not be available from 1 June 2021 to 6 June 2021 due to launch of new e-filing portal. To download the copy of letter, […]

Posted inGST

CBIC Prescribes Standard Operating Procedure (SOP) for Implementation of New Provisions for Revocation of GST Cancellation in the Wake of COVID-19

Vide Circular No. 148/04/2021-GST, the CBIC has prescribed Standard Operating Procedure (SOP) for implementation of the provision of extension of time limit to apply for revocation of cancellation of registration under section 30 of the CGST Act, 2017 and rule 23 of the CGST Rules, 2017. To download the copy of Circular, Please Click Here

Posted inINCOME TAX

Bombay High Court Stays Order Passed under Faceless Assessment Scheme. Know the Reasons

In the case of Ritul Jewels Private Limited v/s National Faceless Assessment  Centre & Ors., Hon’ble Bombay High Court stays order passed under Faceless Assessment Scheme due to following reasons: (1.) Order passed without considering adjournment request, (2.) Order passed without granting personal hearing, (3.) Submissions of the assessee not considered. To download the copy […]

Posted inTC

Twist in COVID Politics: Singapore Foreign Minister Slams Arvind Kejriwal and Indian External Affairs Minister Says Arvind Kejriwal Does Not Speak for India

Chief Minister of Delhi Sh. Arvind Kejriwal tweeted on 18th May that there is Singapore COVID Variant in India, so flights with Singapore should be cancelled immediately. Later, Singapore Foreign Minister Slams Arvind Kejriwal and says he should stick to facts. Official spokesperson of Ministry of External Affairs of India has tweeted that “Singapore Government […]

Posted inBUSINESS & ECONOMY

Public Comments Invited to Review of the Extant Confidentiality Regime as Provided in Regulation 35 of the Competition Commission of India (General) Regulations, 2009 Extended by One Month due to COVID-19 Pandemic

Reference to the Press Release issued on 13.04.2021 (Link: https://pib.gov.in/PressReleasePage.aspx?PRID=1711420) by the Competition Commission of India (CCI) on the subject cited above whereby a detailed draft proposal for introducing setting up of a Confidentiality Ring was put on the website of the Commission (www.cci.gov.in) for public consultation alongwith a draft of the revised Regulation 35 […]

Posted inGST

FAQs on Post Registration Field Visit under GST You Must Know

1. What is Post Registration Site Visit? Post Registration Field Visit is a visit by the tax authorities to the premises of the taxpayer i.e. the Principal place of business or additional place of business or both, post grant of registration to the taxpayer. 2. Who will conduct the Field Visit of the premises of […]

Posted inTC

PM Modi Interacts with State and District Officials on the COVID-19 Situation

Prime Minister Shri Narendra Modi through video conference interacted with field officials from States and Districts regarding their experience in handling the Covid-19 pandemic.  During the interaction, the officials thanked the Prime Minister for leading the fight against the second wave of Covid from the front. The officials shared their experiences and apprised the Prime […]

Posted inTC

COVID Confusion: Indian Health Ministry Said WHO has not Associated the Term “Indian Variant” with B.1.617, Now Classified as Variant of Concern

Several media reports have covered the news of World Health Organisation (WHO) classifying B.1.617 as variant of global concern. Some of these reports have termed the B.1.617 variant of the coronavirus as an “Indian Variant”. These media reports are without any basis, and unfounded. This is to clarify that WHO has not associated the term […]

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