30th April 2K21
Ø Acre ARC set to purchase Indiabulls assets
Ø Banks need to adopt digitisation or else they will perish: Ex-finance Secretary SC Garg
Ø Labour Min hikes maximum sum assured payable under EDLI scheme to Rs 7 lakh
Ø ICICI Bank launches merchant stack platform
Ø Unemployment rate likely to be 8% compared to 6.5% in March in India: CMIE
Ø India urges China to clear bottlenecks on key pharma raw-material
Ø Ambuja Cements consolidated Q4 PAT at Rs 947 cr, up 71% YoY on higher sales
Ø Govt looking to monetise possible IT parks, SEZs developed on PSU land
Ø Unilever plans $3.6 billion buyback as China and home cooks boost growth
Ø Most Indian companies protected against weakening rupee: Moody's report
Ø HUL Q4 PAT jumps 41% YoY to Rs 2,143 crore, beats Street estimates
Ø Auto firms to halt production for up to 15 days amid raging second wave
Ø Lockdowns spell a downside risk for electricity demand growth in FY2022: ICRA
Ø RBI to conduct first special OMO of FY22 on May 06
Ø Niraj Bajaj to take over as Chairman of Bajaj Auto
Ø Zomato revenue up at ₹2,604 crore in FY20
Ø Biocon Biologics posts 53% growth in revenues at ₹664 crore for Q4FY21
Ø Indian pharma hit hard by China’s suspension of cargo flights
Ø Shriram Transport net profit jumps 238% to Rs755 crore in March quarter
Ø Sebi extends results filing deadline for Indian firms due to Covid-19
Ø L&T Finance Q4 net profit falls 31% to Rs267 crore
Ø PowerGrid’s first InvIT public offer subscribed 10% on day one
Ø Titan Q4: Net profit jumps 48% to ₹529 crore
Ø CCI clears Tata’s acquisition of BigBasket
Ø Govt allows import of medical devices like oxygen canister for 3 months with riders
Ø Bajaj Finserv Q4 profit jumps four folds to Rs 979 cr
Ø Indian gold demand likely to slow down in April-June: WGC
Ø Bank Of Maharashtra Net Profit Jumps To Rs 165 Cr In March Qtr
Ø Laurus Labs Q4 Net Profit Zooms Nearly 3-Fold To Rs 297 Cr
Ø Portfolio Manager To Obtain Prior Approval Of Sebi In Case Of Change In Control
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🔰 Today is the last date to opt-in or opt-out of QRMP scheme for the quarter April-June’ 21
✅ The last date to Opt-in or Opt-out of the QRMP scheme for the quarter April-June 21′ is April 30, 2021′.
Read More at: http://www.a2ztaxcorp.com/today-is-the-last-date-to-opt-in-or-opt-out-of-qrmp-scheme-for-the-quarter-april-june-21/
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Initiative by ICAI
Norms have been relaxed by ICAI for medical assistance for CAs and their dependents who are in distress and need help.
For further information please use link provided below
https://www.icai.org/post/financial-assistance-for-treatment-of-corona-disease-from-cabf
https://www.youtube.com/channel/UCwAq-U2ls2crYBoD4YSTPtA
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⚫The Govt will procure one lakh portable oxygen concentrators and install 500 more pressure swing adsorption oxygen plants from the PM Cares Fund.
⚫The Cabinet approved the signing of a deal between India and the UK on information sharing and preventing Customs offences. The agreement is also expected to facilitate trade & ensure clearance of goods traded between the countries.
⚫The SEBI told the mutual fund industry that a fifth of the salary of top executives is be paid in the form of units of mutual fund schemes they oversee.
⚫Single window clearance mechanism for foreign investors hits a bump. Manpower crunch because of Covid, only 8 states put in place the requisite infra.
⚫The USA will be delivering relief materials worth over USD100 million to India in the coming days, as the first flight carrying urgent health supplies left for the country.
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👉 Due dates for filing of Form GSTR-3B from the Tax Period of January, 2021
https://www.gst.gov.in/newsandupdates/read/467
👉 Clarification on spending of CSR funds for setting up temporary COVID Care facilities and makeshift hospitals-reg.Pdf(371 KB)
file:///C:/Users/saurabhankit/Downloads/GeneralCircularNo5_22042021(2).pdf
👉 Important Announcement - June 2021 Foundation Examination - (26-04-2021)
https://www.icai.org/post/imp-announcement-june2021-foundation-exam
👉 Further extension of the last date for Waiving-off Condonation Fees due to late filing of various application forms related to Students and Articled Assistants, amidst COVID-19 Pandemic - (26-04-2021)
https://www.icai.org/post/further-extension-last-date-for-waiving-off-condonation-fees
👉 Important Announcement - May 2021 CA Examinations - (27-04-2021)
https://www.icai.org/post/imp-announcement-may2021ca-exams
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✅ Covid Vaccination Drive:
You can register for vaccination at the below link;
https://selfregistration.cowin.gov.in/
✅ MSME Form-1 (MCA) is to be filed by only those specified companies whose outstanding payment to MSMEs suppliers is exceeding 45 days as on 31st March or 30th September.
Last date 30th April 2021 (for Oct20 to Mar.21)
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🔰 No GST can be demanded from Buyer for the fault of seller of non-payment of taxes to the Govt.
✅ The Hon’ble Madras High Court in M/s. D. Y. Beathel Enterprises v. the State Tax Officer [W.P. (MD) Nos. 2127, 2117, 2121, 2152, 2159, 2160, 2168, 2177, 2500, 2530, 2532, 2534, 2538, 2539, 2540, 2503 & 2504 of 2021 & Ors., dated February 24, 2021] quashed the order passed by the officer levying the entire tax liability on the purchasing dealer without involving the seller, where the payment of tax has been made by the purchasing dealer, but the same has not been remitted to the Government by the Seller. Held that, the omission on the part of the Seller to remit the tax should have been viewed very seriously and strict action ought to have been initiated against the seller.
The Complete Judgment can be accessed at: http://www.a2ztaxcorp.com/no-gst-can-be-demanded-from-buyer-for-the-fault-of-seller-of-non-payment-of-taxes-to-the-govt/
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⚫More than 40 countries have committed to provide India with medical items and pharmaceutical products that the country urgently needs to battle the unprecedented rise in Covid-19 cases.
⚫Labour crunch hits roads construction and realty business. Uttar Pradesh & Maharashtra, are reporting a higher loss of on-site labourers.
⚫Co's may not get immediate relief measures. Some of the exemptions given as part of Covid relief measures last year would come to an end in June 2021.
⚫Auto firms to halt production for up to 15 days amid raging second wave. For some it is part of annual maintenance protocol, for others it's a forced move, done for safety of those employed at the factory.
⚫SEBI extended the timelines for various regulatory filings, including financial earnings. The deadline to file the March quarter and annual financial results has been extended to June 30.
⚫The Maharashtra Govt extended till May 15 the existing lockdown.
⚫India reported 386888 cases, India has been reporting over 300,000 cases daily for over a week now.
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