Monthly Updates and important dates for June 2021, compiled by IMCs Direct Taxation Committee.
Dear all,
Your association SIMA is pleased to inform you that the following important announcements have been compiled by IMC’s Direct Taxation Committee for your information.
Details of important circulars, notifications and press release issued during the month of May 2021:
1.NOTIFICATION G. S. R. 314(E) [NO. 41 /2021/ F. NO. 370142/11/2018-TPL], DATED 3-5-2021
Threshold for purpose of Significant Economic Presence: For the purposes of clause (a)of Explanation 2A to clause (i) of sub-section (1) of section 9 of the Act, the amount of aggregate of payments arising from transactions in respect of any goods, services or property carried out by a non-resident with any person in India, including the provision of download of data or software in India during the previous year, shall be INR 2 Crores.
For more details, PLEASE CLICK HERE.
ThankingYou,
With regards,
For Silvassa Industries & Manufacturers Association
Narendra Trivedi
Secretary
