CAclubindia News

CBIC amends Tariff Value of Certain Goods vide Notification No. 28/2021

09 March 2021 at 19:15

Tariff Notification No. 28/2021-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Posted in Custom | 1956 Views

DGGI Gurugram officials arrest 2 men for defrauding exchequer of more than Rs 690 crore

09 March 2021 at 19:05

DGGI, Gurugram Zonal Unit, were able to arrest two gang members of a fake invoicing syndicate, namely Shri Vikas and Shri Manish, who were involved in GST fraud by way of issuance of fake GST invoices in excess of Rs 4,800 crore.

Posted in GST | 1 comments | 1350 Views

3,82,875 number of Companies struck off in three years up to FY 2020

09 March 2021 at 17:13

Shri Anurag Singh Thakur stated that SEBI had received a list of 331 shell companies from MCA along with a letter of SFIO which contained the database of shell companies along with their inputs, for initiating necessary action.

Posted in Corporate Law | 1278 Views

Action initiated to control fraudulent companies

09 March 2021 at 17:12

The term 'Fraudulent Company' is not defined in the Companies Act, 2013. However, Ministry of Corporate Affairs (MCA) through the Registrar of Companies (ROC) CRC at Manesar registers new companies by following due process of law.

Posted in Corporate Law | 1659 Views

Over 1,10,019 loans extended since launch of Stand up India scheme since its inception

09 March 2021 at 17:04

Over 1,10,019 loans have been extended since the launch of 'Stand up India' scheme as on 31.01.2021 since its inception and beneficiaries can get a loan of Rs. 10 lakh to Rs. 1 crore to start or increase their business.

Posted in Others | 945 Views

GST compensation shortfall released to States reaches Rs.1.06 lakh crore

09 March 2021 at 17:02

19th Instalment of Rs. 2,104 crore released to the States on Monday, 08th March 2021. 96 per cent of the estimated shortfall of Rs.1.10 lakh crore released.

Posted in GST | 1440 Views

Financial aid to states to meet GST compensation

09 March 2021 at 17:02

In order to meet the shortfall in Goods and Services Tax (GST) compensation to be paid to States, the Government of India had set up a special borrowing window in October, 2020 to raise the estimated shortfall of Rs. 1.1 lakh crore.

Posted in GST | 1590 Views

Sub-Committee of Insolvency Law Committee recommended IBC pre-pack framework

09 March 2021 at 05:36

The Government constituted a sub-committee of ILC vide order dated 24th June, 2020 under the chairmanship of Dr. M. S. Sahoo, Chairperson, IBBI to make recommendation on PPIRP.

Posted in Others | 1590 Views

IBBI gives approval to 317 companies resolution plans

09 March 2021 at 05:32

As per information provided by Insolvency and Bankruptcy Board of India (IBBI), the Regulator, as on 31.12.2020, in 317 cases resolution plans have been approved and 1126 cases have been ordered for liquidation.

Posted in Others | 1542 Views

Udyam registration further simplified

09 March 2021 at 05:30

A notification has been issued by the Ministry of MSME on 05.03.2021 to align the mandatory requirement for filing Udyam Registration with those for filing GST Returns, in the interest of those enterprises that are exempted from filing returns.

Posted in Corporate Law | 15975 Views