With the rising use of cellular banking and smartphone use, hackers are discovering new methods to steal from unsuspecting customers. While free mobile charging stations are a common sight in public locations like airports, purchasing malls, eating places, and so on, hackers are utilizing a new approach to infect smartphones via these charging stations with malware. The CBIC has issued varied Notifications dated December 13, 2019, to make modifications within the procedure of issuing invoices by a specified class of registered person’s w.e.f. April 1, 2020. It seems that you already have an account created within our VIP network of websites on .
Kerala is so far the only state to retain the GST threshold at an annual turnover of Rs 20 lakh for companies within the state, even as half-adozen states agreed to double the registration and tax limit for producers to Rs 40 lakh. RBI proposed to loosen up norms for entry of latest gamers within the retail payment systems with a view to beef up innovation and competitors. The RBI has been issuing tips for varied cost systems and grants authorisation to non-banks for establishing and working fee systems. GST Taxman could examine excessive usage of enter tax credit to set off GST liability Concerned over a decline in GST revenues, tax officials are prone to look at the excessive utilization of enter tax credit score to set off tax legal responsibility by businesses.
Government is planning to amend the Insolvency and Bankruptcy Code to facilitate “cout-of-court” waiver of debt as a lot as Rs 35,000 by way of mediation to save lots of millions of poor, together with small farmers, from the rigours of insolvency process. SEBI notifies revised procedure/ codecs for Limited Review/ Audit Reports of Listed Entities , relevant with respect to the financial results for the quarter ending 30 September 2019 and onwards. NCLT finally cleared the Rs 4,350-crore bid by yoga- exponent Ramdev-run Patanjali Ayurved to take over edible oil player Ruchi Soya, which owes over Rs 9,345 crore to the lenders & around Rs 2,800 crore to different collectors. SEBI has issued a circular on Streamlining the Process of Public Issue of Equity Shares and convertibles Implementation of Phase II of Unified Payments Interface with Application Supported by Block Amount.
With five wickets under her belt from two earlier outings, Renuka who made her T20 debut against New Zealand earlier this yr, dealt the primary blow within the third ball of the innings by castling the experienced West Indian all-rounder and opener, Deandra Dottin . The Railway pacer adopted with three more along with her sensational piece of swing bowling in 15 balls, which included that of rival skipper Hayley Matthews . Reduced to 19 for four in five overs, West Indies faltered of their run chase against the disciplined Indian bowling attack great inflation redux economists big differences. and scored 62 for eight of their allotted quota of 20 overs. Kyshona Knight was the top scorer at the same time as eight of her team mates failed to achieve double figures. Renuka completed with figures of four for 10, her second four wicket haul in the tourney, the first being towards Australia on a dropping cause. Harmanpreet, Sneh Rana and Radha Yadav took one wicket every with their spin, while pacer Meghna Singh who opened the bowling attack chipped in with a wicket in her second spell.
The Writ Petition has been filed by the petitioner challenging the seizure order and the consequential penalty notice passed/issued underneath Section 129 and 129 of the Act respectively. The finance ministry clarified that fortified milk in addition to milk for the public when not served in sealed bottles are exempt from tax, while beet and cane sugar will attract 5% tax. It additionally said that standard human plasma is taxed at 5% whereas plasma merchandise are taxed at 12%. SEBI might soon ask retail investors in the stock and commodity markets to submit a net worth certificate to their brokers.
MCA in exercise of the powers conferred by part 435 of the Companies Act, 2013 and with the concurrence of the Chief Justices of the High Court of Uttarakhand, Nainital and High Court of Jammu and Kashmir has designated the Courts as SpecialCourts. You can discover the IFSC or MICR CODE for any branch of Federal Bank by way of IndiaLends which offers information in an easy format. All you want to do provide the information such because the financial institution name, the state and district and the particular branch that you’re on the lookout for.
Maharashtra Appellate Authority for Advance Ruling had held in a ruling in February that back-office assist services didn’t qualify as “export of service” and had been in the nature of arranging or facilitating supply of products or services. GST Authoritieshave Issued the Removal of Difficulties Order so as to extend the final date for submitting of appeals earlier than the GST Appellate Tribunal towards orders of Appellate Authority on account of non-constitution of benches of the Appellate Tribunal. GST Council has agreed to rationalise GST rates on woven and non-woven luggage to 18 p.c with effect from March 1, 2020. CBIC has mandated Quick Response code on e-invoicing, whose combination turnover in a financial year exceeds five hundred crore rupees.
• Nile Ltd., manufacturer of Lead and Lead Alloys, is setting up a Lithium-ion recycling plant and diversifying into pure extracts. It notched Q3 EPS of Rs 19.9 and 9M EPS of Rs 62.9, which might take FY22 EPS to Rs eighty five. • Schaeffler India, among the many largest industrial and automotive suppliers in India, Q4CY21 profit rose 35% to Rs. 191 cr. • Vedanta has joined hands with Foxconn to fabricate semiconductors in India.
Another new characteristic now out there on the e-way bill portal now alerts the generator of the e-way bill via a pop up and SMS message, in case the total invoice worth entered by them may be very excessive, to avoid making mistake, GSTN said. Reserve Bank of India is prone to establish an ombudsman for digital payments by March to take the load off the rising number of complaints presently being dealt with by the banking ombudsman, stated two senior bankers with data of the matter. RBI Governor strongly stressed on the want to shield the autonomy of the central bank before a parliamentary panel, however stayed away from any direct criticism of the government. CBDT has issued a directive dated 27 November, 2018 by which it has outlined the measures to be taken by the Department to avoid refund frauds and leakage of confidential data in accordance with the rules of the Central Vigilance Commission. It mentioned that banks will now should hyperlink the interest rates charged by them on totally different categories of loans to the exterior benchmarks as an alternative of the used inside benchmarks, which is the norm now.
SEBI proposed amendments to norms governing self-Regulatory Organisations, including recognising such entities on a nomination foundation. Coming out with a session paper, the watchdog stated that an SRO could be defined as an organisation of intermediaries or an entity promoted by a inventory trade, recognised by the board. Supreme Court’s judgement on the RBI circular doesn’t disturb the rights of collectors to insolvency proceedings and would bring in behavioural modifications, making creditors more responsible for their actions and inactions. MCA has clarified that Business Activities to be carried out by Limited Liability Partnerships to exclude manufacturing & Allied actions. As per part 2 of the LLP Act, 2008, Business contains trade, profession, companies and occupation.
