12th November 2K24
📝 'Govt FY25 spends to be in sync with Budget estimates of ₹48.2 lakh cr'
📝 ONGC's standalone net profit rises 17% to Rs 11,984 crore; dividend declared
📝 India's net direct tax collection rises 15.4 pc to Rs 12.1 lakh crore in April-November
📝 Insecticides India Q2 Results: Profit rises 16% to Rs 61 crore, revenue declines 10%
📝 Shapoorji Group in talks for Rs 8,000 crore raise via bonds
📝 Vedanta Group plans to invest USD 500 mn in AvanStrate Inc
📝 Semiconductor sector to create 1 million jobs in India by 2026, says report
📝 Sterlite Power gets Rs 1,200 cr orders in Q2
📝 Unicommerce to acquire shipping automation firm Shipway
📝 LTTS acquires silicon valley based Intelliswift for $110 million; adds 1,500 headcount
📝 Epiq Capital leads $16.5 million funding round in edtech startup Bhanzu
📝 ID verification company Equal bags $10 million in first institutional raise
📝 Pfizer to fund six startups through its INDovation program for healthcare
📝 KFC India operator Devyani's revenue jumps 49% on new store additions
📝 Hindalco Q2 results: Net up 78%, plans $4-5 bn capex for upstream units
📝 Bank of India Q2FY25 results: Net profit rises 63% to Rs 2,374 crore
📝 German lens maker ZEISS expands its Global Capability Centre in Bengaluru
📝 IRFC retains Rs 1,415 crore at 7.14% through 15-year maturing bonds
📝 HealthCare Global to sell diagnostic business Triesta for Rs 135 crore
📝 Ambuja Cements seeks CCI approval to buy majority stake in Orient Cement
📝 Elon Musk's Starlink moves closer to India licence, accepts data terms
📝 Flipkart achieves EV deployment target of over 10,000 in delivery fleet
📝 FinMin revokes 8-year-old circular: CPSEs no longer need NITI nod for JVs
📝 COP29 kicks off; host asks nations to resolve differences on finance goal
📝 Rupee hits fresh low of 84.39 against the US dollar amid FII selloff
📝 RBI, Sebi unveil rules for converting excess investment by FPIs into FDI
📝 Apple targets 32% of iPhone production and 26% of value in India by FY27
📝 Mutual Funds: Monthly SIP value hits Rs 25,000 crore mark for first time; SIP accounts 10.12 crore
📝 Rural FMCG basket size improves by 60% as income sources grow
📝 ED to summon Amazon, Flipkart executives as regulatory scrutiny grows: Report
📝 Sanjiv Khanna takes oath as 51st Chief Justice of India
📝 Centre to release upto ₹70,000 crore capex loans to states in Q3
📝 ITC Foods, AIPA ink 5-year deal to popularise pickleball in India
📝 Centre extends tenure of Foreign Secretary Vikram Misri till July 2026
📝 Balrampur Chini Mills Q2 results: Net profit falls 60% YoY to ₹67 crore
📝 Hindustan Copper Q2 results: Net profit jumps over 67% YoY to ₹102 crore
📝 Oil crashes over 2% on disappointing China stimulus; Brent drops below $73.
.
========>
.
ADVISORY FOR WAIVER SCHEME UNDER SECTION 128A
1. Waiver Scope: Interest and penalties waived for demand notices/orders under Section 73 of the CGST Act, 2017 (no fraud, suppression, or wilful misstatement involved) for FY 2017-18, 2018-19, and 2019-20.
2. Deadline for Tax Payment:Tax must be fully paid by March 31, 2025, to avail of the waiver benefits.
3. New Rule Notification: Rule 164 of CGST Rules, 2017, was notified via Notification No. 20/2024 dated October 8, 2024, effective from November 1, 2024, detailing procedural guidelines for the waiver scheme.
4. Forms Required:Taxpayers must file an application in Form GST SPL-01 or Form GST SPL-02 on the common portal within three months from the notified date (deadline March 31, 2025).
5. Availability of Forms: Forms GST SPL-01 and GST SPL-02 will be available on the portal in January 2025.
6. Payment Instructions:
Demand Orders: Pay via the “payment towards demand” facility.
Notices: Pay using Form GST DRC-03.
Linking Previous Payments: If tax has already been paid through DRC-03, link it to the demand order using Form GST DRC-03A (now available on the portal).
7. Advised Action:Taxpayers should ensure tax payment by March 31, 2025, to qualify for the waiver benefit.
In case of any query or concerns do let us know.
.
========>
.
👉🏻NFRA likely to propose Audit Norms for LLPs Board Meeting.
(NFRA may propose thresholds based on turnover or capital contribution, making audits mandatory for LLPs meeting these criteria. This could affect larger LLPs that play a substantial role in the economy.)
.
==============>
.
📲 Download my Android app "Updates by CARJ" 📚 to stay connected with latest news and updates 📝
https://carohitjaiswal.blogspot.com/p/update-android-app.html?m=0
Thanks for reading
