Friday, 11 December 2020

11 December 2020 Updates


⚫A day after sending a formal proposal to dilute some provisions of three agriculture laws, the Centre indicated it may consider more alterations if famers' unions resume talks. Farmers, however, remained firm on their stand to repeal the three laws.
⚫Shares of cement companies were under pressure at the bourses on Thursday, falling by up to 5% on the BSE on profit booking after the Competition Commission of India raided cement companies on price cartelisation allegations.
⚫Taxpayers keen to withdraw their I-tax appeal cases to settle those under the Vivad Se Vishwas direct tax dispute resolution scheme are now in a fix. 
With the appeals process going faceless from September onwards, there are no jurisdictions for the CIT(A), to approve the withdrawal request. The dept is coming with the idea of releasing a clarification asking appellants to upload withdrawal request letters on the national faceless appeals system. 
⚫Non-life insurers have reported a 2.7% yoy growth in gross direct premium underwritten in November after witnessing a marginal decline in premium collection in October.
⚫India reported 31521 fresh Covid-19 cases. Its case tally now stands at 9,778,027. The country's death toll has mounted to 141,937. 
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👉 GSTR-9 of FY 2019-20 is available now
https://www.gst.gov.in/newsandupdates/read/424

👉 Important Announcement for November 2020 Examinations - (07-12-2020)
https://resource.cdn.icai.org/62260exam50446.pdf

👉 Handbook on Social Activities by CAs amid COVID-19 - (08-12-2020)
https://www.icai.org/post/handbook-on-social-activities-by-cas-amid-covid-19

👉 Completion of MCS Course and Advanced IT Course through Virtual Mode as one time measure for students appearing for November 2021 Final course exam - (10-12-2020)
https://www.icai.org/post/completion-mcs-course-ait-vm

👉 Extension for completion of Orientation Course/IT Training by the eligible Intermediate students on or before 31st March, 2021 instead of on or before 31st December, 2020 - (10-12-2020)
https://www.icai.org/post/extension-completion-orientation-course-it-training-inter-students

👉 RBI announces date for launching of RTGS 24x7
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50775

👉 RBI releases Draft Circular on Declaration of Dividend by NBFCs
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50777

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👉🏻NFRA says appointment of Deloitte as statutory auditor in 2017-18 ILLEGAL
(NFRA has said that appointment of Deloitte Haskins and Sells LLP as the statutory auditor of IL&FS Financial Services Ltd (IFIN) for 2017-18 was "illegal")
👇🏻 👇🏻 👇🏻
https://bit.ly/3gzqJAm

👉🏻Delhi HC says entire concept of GST getting defeated by Input Tax Credit
( Delhi HC observed that the entire concept of the Goods and Services Tax (GST) is getting defeated by the input tax credit) 
👇🏻 👇🏻 👇🏻
https://bit.ly/3qNul6E

👉🏻Canada sent another 5,000 invitations for PR*
(Canada has invited 5,000 immigration candidates to apply for permanent residence in a new Express Entry draw held on December 9)
👇🏻 👇🏻 👇🏻
https://bit.ly/3oJzcUG
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