Clipped from: https://www.business-standard.com/article/sme/sme-chatroom-itc-available-based-on-igst-payment-shown-in-bill-of-entry-121092000685_1.html In the case of related party transactions, where contemporaneous imports/exports are not available, the matter goes to the Special Valuation Branch for further
Day: September 24, 2021
China’s Evergrande Group bondholders in limbo over debt resolution | Business Standard News
Clipped from: https://www.business-standard.com/article/international/china-s-evergrande-group-bondholders-in-limbo-over-debt-resolution-121092400163_1.html The company has run short of cash to fund its $305 billion in debts and markets are worried that a collapse could pose
Government should consider the introduction of an automobile Dealers’ Protection Act – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-government-should-consider-the-introduction-of-an-automobile-dealers-protection-act/articleshow/86463703.cmsSynopsis The Indian automobile industry is a ₹8.2 lakh crore industry, and its turnover constitutes 6.4% of overall GDP, 20% of industrial GDP and
Accounting regulator raps ‘EY arm’s’ audit of IL&FS firm – The Hindu
Clipped from: https://www.thehindu.com/business/accounting-regulator-raps-ey-arms-audit-of-ilfs-firm/article36638737.ece ‘Understatement of losses runs up to more than ₹2,000 crore’ The National Financial Reporting Authority (NFRA) has rapped ‘EY group firm’ SRBC &
CEA takes a dig at ‘freebie culture’; wants States to favour capital over revenue expenditure – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/cea-takes-a-dig-at-freebie-culture-wants-states-to-favour-capital-over-revenue-expenditure/article36626605.ece?homepage=true Supply-side reform is the only way to attract investment and spur growth, says KV Subramanian India’s Chief Economic Advisor KV Subramanian on Thursday
Over 40% of Indian unicorns have been created in 2021 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/over-40-of-indian-unicorns-have-been-created-in-2021/article36585307.ece?homepage=true This picture is used for representational purpose only. – z_wei This picture is used for representational purpose only. – z_wei× A unicorn is
Stock market, a barometer of underlying confidence of the economy: Rashesh Shah – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/markets/stock-markets/stock-market-a-barometer-of-underlying-confidence-of-the-economy-rashesh-shah/article36635014.ece?homepage=true Rashesh Shah, Chairman and M D , Edelweiss Financial Services Rashesh Shah, Chairman and M D , Edelweiss Financial Services× Animal spirits are
Issue of certificate of deposits plunges on poor credit demand, excess liquidity – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/issue-of-certificate-of-deposits-plunges-on-poor-credit-demand-excess-liquidity/article36631357.ece?homepage=true Market for CDs has been dormant due to lack of funding requirement The total outstanding certificate of deposits (CDs) issued by scheduled commercial
Minimising tax liabilities by lawful means not illegal, says ITAT – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/minimising-tax-liabilities-by-lawful-means-not-illegal-says-itat/article36638261.ece Mumbai Bench rules tax planning, without using colourable devices, is not wrong The Income Tax Appellate Tribunal (ITAT) has held that minimising tax
Saree controversy at South Delhi restaurant: NCW summons staff | Delhi News
lipped from: https://indianexpress.com/article/cities/delhi/saree-controversy-at-south-delhi-restaurant-ncw-summons-staff-7530701/ The NCW Thursday asked the Delhi Police chief to probe the incident, while also writing to Aquila’s director to appear before it on
Embedded Value: Assign your life insurance policy to get funds – The Financial Express
Clipped from: https://www.financialexpress.com/money/insurance/embedded-value-assign-your-life-insurance-policy-to-get-funds/2336463/ You can borrow money from a bank by assigning your life insurance policy to it. On repaying the loan, bank must reassign the
All states come on board for Rs 3 trillion discoms reforms scheme | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/all-states-come-on-board-for-rs-3-trillion-discoms-reforms-scheme-121092301305_1.html States have been given till December to submit loss reduction plan; many of them will do so by October, says power minister States
New recurring payment norms from Oct 1: Banks, card issuers in a tizzy | Business Standard News
lipped from: https://www.business-standard.com/article/finance/rbi-s-firm-stand-on-payments-sends-banks-card-issuers-into-a-tizzy-121092301381_1.html Customers are being notified about changes, and alternative methods of payments Photo: Bloomberg Sensing the Reserve Bank of India’s (RBI’s) firm resolve to
Anti-profiteering body gets 1-year extension – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/anti-profiteering-body-gets-1-year-extension/article36554082.ece?homepage=true Tax Dept exploring option of transferring pending and future cases to the CCI The GST Council has decided to extend the tenure of
Infosys, I-T Dept working to fix e-filing glitches, 30 mn transactions done | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/infosys-i-t-dept-working-to-fix-e-filing-glitches-30-mn-transactions-done-121092300725_1.html Further, more than 1.5 million unique taxpayers have logged into the portal on average every day in September and over 15 million returns
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