News Update

Pfizer vaccine beats down Covid Brazilian variant in lab analysisGST - 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 BenchVsV Scheme - Disputes worth Rs. 98,328 crore resolved till March 1, 2021Maharashtra 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 leaveGST - Attachment u/s 83 - 15000 employees awaiting salary - Court permits petitioner to utilise Rs.2 crores from the bank accounts to pay salaries only: HCCrude 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 schemeCus - SION cannot be the sole basis for giving a cause of action for issuing SCN for determination of the wastage when there is no allegation of diversion made: HCCX - Petitioner is responsible for the error in registration certificate, but that is not a ground to deny relief sought for by them: HCUndisclosed income of Rs 1,000Cr found in tax raids on Chennai-based jewellery, bullion groups

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