Explanatory Memoranda to Notification Nos. 02/2021-Customs to 15/2021-Customs, dated 1st February 2021 S. No. Notification No. Description 1 02/2021-Customs, dated 1st February 2021 Seeks to further amend notification No. 50/2017-Customs dated 30th June 2017 so as to prescribe effective rate of Basic Customs Duty (BCD)
Notification No. 2/2021-Customs [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 2/2021-Customs New Delhi, the 1st February 2021 G.S.R. (E).- In exercise of the powers conferred by
Notification S.O.471(E).- In exercise of powers conferred by section 3 of the Direct Tax Vivad se Vishwas Act, 2020 (3 of 2020), the Central Government hereby makes the following amendment in the notification of the Government of India, Ministry of Finance ( Department of Revenue),
Introduction:- The Hon’ble Union Finance Minister Nirmala Sitharaman has presented the Union Budget 2021 of India on the 1st of February, 2021. Budget 2021 is aimed at reviving an economy that plunged into deepest recorded slump amid the COVID-19 pandemic. In her speech, Hon’ble Madam
Table of Contents Budget 2021 – GST Things You Must Know!Section 7. Scope of supply (To be amended w.e.f. 1.07.2017)Calcutta Club Ltd [2019 (29) GSTL 545 (SC)] – What Apex Court said!Analysis of the changeSection 16. Eligibility and conditions for taking ITCAnalysis of the changeSection
Table of Contents Indirect Tax Amendments by Finance Bill 2021I. Amendments In The CGST Act, 2017:Scope of Supply u/s 7(1) enlarged by way of Retrospective amendmentsAmendment of Section 16Abolition of GST Audit u/s 35(5) & Self Assessed Reconciliation Statement u/s 44Retrospective amendment to Section 50
Table of Contents Direct Tax Amendments by Finance Bill 2021Advance Tax ChangesTax Audit ChangesPartnership FirmsFake InvoicesRead & download the full copy in pdf: Direct Tax Amendments by Finance Bill 2021 No change in Minimum threshold limits of Income Tax Exemptions under old Income Tax Regime;
बजट 2021 में इनकम टैक्स हाइलाइट्स 1. सीनियर सिटीजन 75 वर्ष का हो चुका हो। रिटर्न फ़ाइल की जरूरत नहीं, बशर्ते कि, सिर्फ पेंशन व ब्याज की इनकम हो। पेंशन वाले बैंक के अलावा कहीं खाता नहीं हो। सरकार करेगी सिर्फ कुछ बैंकों को नोटिफाई।
Budget 2021 On GST मेने बजट 2021 में जो भी चेंज हुए है, उनको simple हिंदी में अपने View के साथ रखा है, अगर आपका view अलग है तो आप मुझे बता सकते है 1) S16 जो की ITC की eligibility बताता है, उसमें एक
Table of Contents Sectionwise Analysis – GST Amendments (Finance Bill 2021)1. Transaction between a person (other than an individual) to its members for consideration to be treated as a supplyEffect of the Amendment2. Appearance of transaction in GSTR-2A/2B – a mandatory condition for availment of
