| AKGVG Weekly Insight |
| Dear Reader, |
Greetings for the day!!!
We are pleased to share AKGVG's Weekly Insight, dated 24th Sep, 2021 which includes: |
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| Date: 24.09.2021 |
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| S.no |
Description |
Relevant links |
| Section I: Income Tax |
| 1. |
CBDT notifies that no TDS shall be deducted under section 194-IA of Income Tax Act on any payment made to the Air India Limited for transfer of immovable property to Air India Assets Holding Limited under a plan approved by the Central Government.
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Notification no. 106/2021
dtd 10.09.2021 |
| 2. |
CDBT serves CORRIGENDUM related to removal of Requirement of using DSC for e-filing of submissions in e-proceedings. |
Notification no. 101/2021
dtd 06.09.2021 |
| 3. |
CBDT notifies sections 194P and 206AB read with section 295 of the Income-tax Act, 1961, (43 of 1961) amends the rules. |
Notification no. 99/2021
dtd 02.09.2021 |
| 4. |
After the rule 9C, the rule shall be inserted, namely: ‒ “9D” in the Income-tax Rules, 1962, notified by CBDT. |
Notification no. 95/2021
dtd 31.08.2021 |
| 5. |
Under Direct Tax Vivad se Vishwas Act, 2020 extended the last date of payment of the amount (without any additional amount) to 30th September 2021 notified by CBDT |
Notification no. 94/2021
dtd 31.08.2021 |
| Section II: GST |
| 1. |
CBIC serves clarification relating to export of services-condition (v) of section 2(6) of the IGST Act 2017. |
Circular no. 161/17/2021-GST
dtd 20.09.2021 |
| 2. |
CBIC serves clarification in respect of certain GST related issues. |
Circular no. 160/16/2021-GST
dtd 20.09.2021 |
| 3. |
CBIC extend FORM GSTR-3B late fee Amnesty Scheme from 31.08.2021 upto 30.11.2021. |
Notification no. 33/2021
dtd 29.08.2021 |
| 4. |
CBIC seeks to make seventh amendment (2021) to CGST Rules, 2017. |
Notification no. 32/2021
dtd 29.08.2021 |
| Section III: MCA |
| 1. |
MCA serves public notice U/s.75 of LLP Act, 2008 read with Rule 37(2) of the LLP Rules, 2009. |
Notification
dtd 01.09.2021 |
| Section IV: RBI |
| 1. |
RBI notifies implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Deletion of one entry |
Notification
dtd 13.09.2021 |
| 2. |
RBI notifies “Large Exposures Framework – Credit Risk Mitigation (CRM) for offsetting – non-centrally cleared derivative transactions of foreign bank branches in India with their Head Office”. |
Notification
dtd 09.09.2021 |
| 3. |
RBI presents - Tokenisation – Card Transactions: Permitting Card-on-File Tokenisation (CoFT) Services. |
Notification
dtd 07.09.2021 |
| Section V: CUSTOMS |
| 1. |
CBIC to rescind the notification No. 34/2021- Customs dated 29.06.2021. |
Notification no. 43/2021
dtd 10.09.2021 |
| 1. |
CBIC to amend notification No. 28/2021-Customs to extend the exemptions under the said notification up to 30th September 2021. |
Notification no. 41/2021
dtd 30.08.2021 |
We trust you will find this Journal informative as well as useful.
For any queries, you can write to us at "info@akgvg.com".
Looking forward to receive your valuable feedback
Disclaimer: This insight is meant for informational purpose only and should not be considered as an advice or opinion, or otherwise, whatsoever. AKGVG & Associates does not intend to advertise its services through this insight. AKGVG & Associates is not responsible for any error or omission in this insight or for any action taken based on its contents.
Best Regards!
Knowledge Updates Team
AKGVG & Associates
(Chartered Accountants)
DELHI | GURGAON | MUMBAI | AHMEDABAD | BANGALORE | CHENNAI | LUCKNOW
Tel: +91 9811118031, 9818330516,
Telefax:+91 11 49037920
Website: https://www.akgvg.com |
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