News Update

Pfizer vaccine beats down Covid Brazilian variant in lab analysisVsV Scheme - Disputes worth Rs. 98,328 crore resolved till March 1, 2021GST - Turnover threshold for e-invoicing lowered to Rs 50 Cr from April 1, 2021Apex Court uncaps limitation period extension granted in view of COVID-19CX - Classification - Pre-dominant use or principal use test acknowledged by General Rules for interpretation of Schedule ought to be adopted when ascertaining appropriate heading: SC Larger BenchMaharashtra Health Minister says COVID conditions are alarming in StateCentre collects Rs 13.33 lakh crore tax revenue till Dec 31, 2020ST - SVLDRS - Not much difference between amounts mentioned in assessee letter 18.06.2019 and SCN dt. 20 March 2020 - This in itself, cannot be a measure to interpret the concept of 'quantification': HCST - SVLDRS, 2019 - Benefit of the scheme would be available to only such cases, where, during investigation/audit, department quantifies the amount and not vice versa : HCNITI Aayog to release SDG India Index & Dashboard on WednesdayI-T - If compensation is exempt from tax then any interest payable on such enhanced compensation cannot be brought to tax as interest income: ITATWomen’s Day gift - Karnataka Govt announces six month child care leaveCrude prices may soar further as Yemen’s Houthi rebels attack Saudi’s oil heartland with dronesOver 81 per cent account holders are women under PM's Standup India schemeUndisclosed income of Rs 1,000Cr found in tax raids on Chennai-based jewellery, bullion groups

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