Oil Companies shall sell Ethanol as per the BIS specifications
Oil Companies shall sell Ethanol Blended Petrol with percentage of ethanol up to twenty per cent as per the Bureau of Indian Standards specifications, in the whole of the States and union territories.
Removal of Difficulties Order, 2021 for payment of tax on Professions, Trades, Callings and Employments
The due date for payment of tax due for each year inn respect of a person who stands enrolled before the commencement of a year
is extended from 30th April of that year till 30th day of June, 2021.
Karnataka Value Added Tax Act (Removal of Difficulties) Order, 2021
The the Karnataka Value Added Tax Act empowers Additional Commissioner and Commissioner to call for and examine the record of any order passed or proceeding recorded under this Act and if he considers that any order passed therein by any officer, who is not above the rank of a Joint Commissioner, is erroneous in so far as it is prejudicial to the interest of the revenue, he may, if necessary, stay the operation of such order. The Removal of Difficulties Order provides that for orders relating to tax periods up to March 2017, the time limit shall be four years and three months.
Delhi Government has integrated SPICE+ portal with Delhi shop and establishment registration portal for EODB.
The registration for different branch offices of the establishment under Delhi Shop & Establishment Act, 1954 may be taken directly on Delhi Shops & Establishment, registration portal.
SEBI to streamline the process of IPOs with UPI in ASBA.
The SCSB’s shall continue to send SMS alerts during the actual block/debit/unblock of UPI mandate in the prescribed format, the details of total number of shares applied/allotted/non-allotted etc shall be included in SMS for Public Issues opening on/after 1st January, 2022.
Ministry of Finance notifies changes in CGST rate of services.
The GST charges on Maintenance, repair or overhaul services in respect of ships and other vessels, their engines and other components or parts shall be 5%.
Ministry of Finance issues clarification on date of issuance of completion certificate.
The registered person who shall pay integrated tax on supply of construction service by him against consideration in the form of development rights or FSI, in a tax period not later than the tax period in which the date of issuance of the completion certificate for the project, where required, by the competent authority, or the date of its first occupation, whichever is earlier.
RBI issues circular on customer due diligence transactions in Virtual Currencies.
RBI has advised bank and other entities to continue carrying out the customer due diligence processes in line with regulations governing standards for Know Your Customer.
Amended provision for taxation of maintenance, repair or overhaul service for ships and other vessels
Supply of maintenance, repair or overhaul service in respect of ships and other vessels, their engines and other components or parts supplied to a person for use in the course or furtherance of business shall be taxed at the place of supply of services which shall be the location of the recipient of service.
