Posted inCOMPANY LAW

Competition Commission of India (CCI) Approves Proposed Acquisition of 100% Shareholding and Sole Control of Ingram Micro Inc. by Imola Acquisition Corporation

The Competition Commission of India (CCI) approves proposed acquisition of 100% shareholding and sole control of Ingram Micro Inc. by Imola Acquisition Corporation. The proposed combination concerns the proposed acquisition of 100% shareholding and sole control of Ingram Micro Inc. together with its parent companies (i) GCL Investment Management Inc. and GCL Investment Holding Inc. […]

Posted inICAI

ICAI Important Announcement Regarding Postponement of CA Intermediate and Final Exams Which are Scheduled to be Held in May 2021

ICAI has recently tweeted an update regarding CA Exams which are scheduled to be held in May 2021, which is quoted as below: Important Announcement regarding Postponement of the ICAI Chartered Accountants Examinations – Final & Intermediate Course which are scheduled to be held in May 2021 in view of the ongoing COVID-19 pandemic. Details: […]

Posted inBUSINESS & ECONOMY

DRI Seizes more than 300 Kg of Cocaine Valued at Approx. Rs. 2,000 Crore in International Market at Tuticorin Port

Based on specific intelligence that cocaine will be concealed in a consignment imported in container reaching VOC Port, Tuticorin, the officers of Directorate of Revenue Intelligence (DRI) have intercepted the container declared to be containing wooden logs. The suspected container has originated from Panama, transited through the ports of Antwerp and Colombo. On examination the […]

Posted inTC

Need an Empty Hospital Bed or a Ramdesivir Injection? Here are Websites Helping Covid Patients. Spread the Message

Some famous companies like Cipla etc. are providing help to COVID patients through websites and helpline numbers. Below attached pictures are showing their web address as well as helpline numbers. Note: Readers must note that the helplines and websites, however useful, may be overburdened. Although, they may offer necessary assistance required by patients in dire […]

Posted inICAI

Live Coaching Classes Offered by the ICAI for Free of Cost

The ICAI’s Board of Studies (BOS) has been proactive to adopt different methodologies to reach out to the students and provide quality learning resources, year after year in an incremental manner. The BOS, with an objective to enable the students to sail through the present times, is conducting Virtual Coaching Classes for CA students. These […]

Posted inGST

Updates in Forms GSTR-1, GSTR-3B and Matching Offline Tool for Taxpayers in QRMP Scheme

With effect from 1st January, 2021, all taxpayers with Annual Aggregate Turnover up to Rs 5 Crore have been given an option to file their Form GSTR-1 Statement and Form GSTR-3B return on a quarterly basis. They also have an option to file B2B invoice details in Invoice Furnishing Facility (IFF) for months 1 and 2 (eg. Jan and Feb) of the quarter in order to pass on the credit, whereas the remaining invoices have to be declared in the Quarterly Form GSTR-1 of Month 3 (e.g. March).

Posted inTC

E-filing 3.0 Module Launched by the Supreme Court Allows Client, Advocate and Court to Complete the Proceedings Virtually

Dr Justice Dhananjaya Y. Chandrachud, Judge, Supreme Court of India and Chairperson, e-Committee of the Supreme Court, inaugurated an e-Filing 3.0 module to allow electronic filing of court documents, through a virtual event. The e-filing 3.0 module, introduced by the e-Committee of the Supreme Court, allows electronic filing of court documents. With the introduction of […]

Posted inGST

Be Alert: Fastag Data has been Integrated with E-Way Bill System to Track the Movement

The Press Information Bureau has published that “Recently, the Fastag data has been integrated with the e-way bill system. On a daily average, 24 Lakh Fastag transactions from 826 toll plazas, related to commercial vehicles are exchanged between NPCI/NHA and NIC systems. These details will help the GST officers to track the movement of e-waybills using the new analytical reports.”

Posted inTC

Employees of Work Places (Government and Private) aged 45 Years or More to be Vaccinated at Work Place Vaccination Centres from 11 April 2021

The Health Ministry has written to all States and UTs that COVID-19 vaccination sessions may now be organized at workplaces (both public & private) which are having about 100 eligible and willing beneficiaries by tagging these workplaces with an existing COVID Vaccination Center (CVC). To support the States in this initiative, guidelines have been prepared and the same have conveyed by the Union Health Secretary to the States and UTs. These guidelines will support the State and District Programme Managers with the requisite information and guide them on organizing vaccination sessions at such workplaces (both public & private). Such work place vaccination centres may be launched across States/UTs from 11th April 2021.

Posted inGST

Country Needs to Come Out of this Tax Culture that “All Businesses are Fraudulent”: Supreme Court

In a case, Justice Chandrachud today said that “The country needs to come out of this tax culture that ‘all businesses are fraudulent’. Even where 12 crore tax has been paid (by the assessee), just because some tax is still due, you can’t start attaching property! If there is any alienation of assets or the assessee is winding up or going into liquidation, it is understandable. But just because you have the account numbers, you can’t start attaching and even block the receivables!”

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