👉🏻GST no longer citizen-friendly; calls provisional attachment Draconian - SC
(The Supreme Court on Tuesday slammed the manner in which the Goods and Services Tax was being enforced by tax authorities and observed that the taxman cannot see all businesses as being fraudulent)
👇🏻 👇🏻 👇🏻
https://bit.ly/31VC9rI
👉🏻Asset Classification and Income Recognition following the expiry of Covid-19 regulatory package
(RBI issued Notification, No. RBI/2021-22/17 DOR.STR.REC.4/21.04.048/2021-22 dated 07/04/2021 with regards to Supreme Court Judgement dated 23-03-2021)
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https://bit.ly/3sYSw2I
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🔰 Advisory on payment of tax by taxpayers under QRMP Scheme, for the month of March, 2021
✅ The Goods and Services Tax Network (GSTN) has issued Advisory dated April 08, 2021 on payment of tax by taxpayers under Quarterly Return Monthly Payment of Taxes (QRMP) Scheme for the month of March, 2021.
The Advisory can be accessed at: http://www.a2ztaxcorp.com/advisory-on-payment-of-tax-by-taxpayers-under-qrmp-scheme-for-the-month-of-march-2021/
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E-KNOWLEDGE CAPSULE
✒ SEBI imposes Rs. 25 Crore penalty on Mukesh Ambani, Anil Ambani and others
for violation of Takeover Regulations.
✒ Bombay High Court directs Maharashtra Govt., Police and BMC that habit of spitting in public should be ended, and hence levy at hefty penalties.
✒ Supreme Court uphold rape conviction saying nothing on record to even remotely suggest that the Act was consenual.
✒ Delhi High Court refuses to quash criminal defamation case against Arun Purie for allegedly defamatory article in India Today filed by former Indian diplomat.
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⚫PM urged state Govts to test more even if that meant higher reporting of the infection. Armed with experience of managing the first wave, better health infrastructure and a locally manufactured vaccine, lockdowns should be avoided altogether, the PM told chief ministers at the virtual meet on Covid.
⚫Privatisation of two public sector banks on meeting agenda next week.
⚫Equity oriented schemes in March have reported net inflows of Rs 9,115 crore.
⚫Co's have argued against the constitutional validity of arrest provisions under the GST laws in their present form in the Supreme Court.The court took up the matter of arrest provisions and applicability of the CrPC to the Customs Act, GST and the PMLA and other allied laws.
⚫India recorded 131893 Covid cases.Delhi logged 7,437 cases in its highest single day spike this year Maharashtra added 56,286 new cases.
⚫FinMin requests home, health ministries to vaccinate bank staff on priority. 600 bank personnel died due to Covid-19 till December.
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