ITC of GST paid on procurement of air conditioning cooling system and ventilation system is not allowed : AAR

In the AR Application by Wago (P.) Ltd. before Gujrat AAR The applicant was in the process of establishing its new factory in Gujrat and would be procuring various assets…

Continue ReadingITC of GST paid on procurement of air conditioning cooling system and ventilation system is not allowed : AAR

RBI hikes threshold for deposits made by non-financial small businesses by 50% to Rs 7.5 cr for maintenance of LCR

Circular no. RBI/2021-22/151 DOR.No.PRD.LRG.79/21.04.098/2021-22, Dated: 06.01.2022 With an objective to align guidelines with the Basel Committee on Banking Supervision (BCBS) standard, the RBI has decided to increase the threshold limit…

Continue ReadingRBI hikes threshold for deposits made by non-financial small businesses by 50% to Rs 7.5 cr for maintenance of LCR

Issuance of NCDs to a selected group via private placement couldn’t be termed as deposits u/s 2(2) of TNPID Act: HC

In the instant case, R2 being a purchaser of non-convertible debentures of company ITNL and having not received interest as undertaken by ITNL while issuing said debentures lodged a complaint…

Continue ReadingIssuance of NCDs to a selected group via private placement couldn’t be termed as deposits u/s 2(2) of TNPID Act: HC

Tax Compliance Calendar for December 2021

Tax Compliance Calendar for December 2021 covering important due dates for Income Tax Filing, GST (GSTR1, GSTR3B. RET1), TDS Payments, Preparation & Filing and ROC with a primary focus on Individuals, Professionals, & SME Businesses. Compliance Calendar December 2021 7 TDS…

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