Day: October 15, 2020

New GST Interest Calculator Free Excel Format U/s 50 of CGST Act 2017 | GST Interest

503 ViewsNew GST Interest Calculator Free Excel Format U/s 50 of CGST Act 2017 | GST Interest The Central Board of Indirect Taxes & Customs (CBIC) today clarified that the Notification No. 63/2020-Central Tax dated 25th August 2020 relating to interest on delayed payment of GST has been issued prospectively due to certain technical limitations. However, …

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Capital gains on distribution of assets by companies in liquidation

121 ViewsCapital gains on distribution of assets by companies in liquidation Section – 46, Income-tax Act, 1961 46. (1) Notwithstanding anything contained in section 45, where the assets of a company are distributed to its shareholders on its liquidation, such distribution shall not be regarded as a transfer by the company for the purposes of section 45. (2) …

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CCI approves acquisition of solar energy generation assets of Adani Green Energy Ten Limited by Adani Green Energy Twenty-Three Ltd

164 ViewsCCI approves acquisition of solar energy generation assets of Adani Green Energy Ten Limited by Adani Green Energy Twenty-Three Ltd Ministry of Corporate Affairs The Competition Commission of India (CCI) approves acquisition of solar energy generation assets of Adani Green Energy Ten Limited (AGE10L) by Adani Green Energy Twenty-Three Ltd (AGE23L), under Section 31(1) …

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CCI approves acquisition of shares in CG Power and Industrial Solutions Limited by Tube Investments of India Limited

137 ViewsCCI approves acquisition of shares in CG Power and Industrial Solutions Limited by Tube Investments of India Limited Ministry of Corporate Affairs The Competition Commission of India (CCI)approves acquisition of shares in CG Power and Industrial Solutions Limited by Tube Investments of India Limited. The proposed combination envisages acquisition of more than 50% of …

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Twenty States allowed to mobilize Rs.68,825 crore

147 ViewsTwenty States allowed to mobilize Rs.68,825 crore Ministry of Finance           The Department of Expenditure, Ministry of Finance, has today granted permission to 20 States to raise an additional amount of Rs.68,825 crore through open market borrowings.  Additional borrowing permission has been granted @ 0.50 % of the Gross State Domestic Product (GSDP) to …

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Ministry of Finance statement on misinterpretation of LTC stimulus and its benefits

132 ViewsMinistry of Finance statement on misinterpretation of LTC stimulus and its benefits Ministry of Finance A report has appeared in the Economic Times Markets (ETMarkets.com) which gives the impression that the LTC voucher scheme for Government employees may not be attractive. Unfortunately, the piece which it relies on has a serious factual error in …

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