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Applicability of Minimum Import Price on Import of Cashew Kernels for SEZ/EoU units
To, Members of Trade/Industry/EPCs/Other Trade and Industry Bodies, Regional Authorities(RAs) of DGFT, Development Commissioners of SEZs Subject: Applicability of Minimum Import Price on Import of Cashew Kernels for SEZ/EoU units. DGFT had vide Notification No. 8/2015-20 dated 12.06.2019 revised the Minimum Import Price on Cashew Kernels
Amendment in section 50 is clarificatory and operative retrospectively.
Case covered: M/s.Refex Industries Limited Versus The Assistant Commissioner of CGST & Central Excise Facts of the case: PETITIONs filed under Article 226 of The Constitution of India praying for the issuance of Writ of Certiorari calling for the records of the impugned notice to
Madras High Court upheld the Constitutional Validity of Sec 234(F)
Case covered: K.Nirai Mathi Azhagan Versus Union of India Facts of the case: The petition filed under Article 226 of the Constitution of India praying for the issuance of a writ of declaration, to declare Section 234(F) of the Income Tax Act, 1961 inserted by
Notices for reversal of ITC under Section 16(4) challenged
Case covered: TIMES HEAVEN CLUB PVT. LTD. Versus UNION OF INDIA Facts of the case: A lot of notices are being sent by way of mail as well as in hard copy with regards to the reversal of input tax credit along with interest as
Dr. Avinash PoddarFeb 15, 2020PLACE OF SUPPLY OF GOODS AND SERVICES
PLACE OF SUPPLY OF GOODS AND SERVICES GST is a destination-based tax and hence, the taxes go to the state where the goods and services are consumed not where they are originated. For the correct levy of CGST, SGST or IGST, it becomes all
SanchitaFeb 15, 2020Representation against levy of interest on gross GST liability.
To Sh. A K Pandey Special Secretary and Member Central Board of Indirect Taxes & Customs North Block New Delhi – 110 001 Ref: CBEC-20/16/07/2020-GST dated 10.02.2020 Subject: Representation against levy of interest on gross GST liability. Sir, With reference to the clarification issued by
Stay given by the Hon’ble GHC against recovery of interest u/s.50 of the GST Act
Stay given by the Hon’ble GHC against recovery of interest u/s.50 of the GST Act Case covered: M/s AMAR CARS PRIVATE LIMITED VERSUS UNION OF INDIA Oral Order: Let notice be issued to the respondents, returnable on 11.03.2020. Having heard the learned counsel appearing for
Do the Authorities have the power to ARREST prior to adjudication.
Nowadays we continuously are getting information that so and so person is arrested due to the fake invoice/fraudulent ITC etc. QUESTION before the Hon’ble Court does they have the power to ARREST prior to adjudication. Although there are judgments in this regards wherein it is
Dr. Avinash PoddarFeb 15, 2020CBIC justified interest recovery on gross amount
A thread of CBIC tweets for interest recovery on gross amount: A hue and cry were there in business people and consultants over the collection target of 46k crores of interest by CBIC. Many experts feel that the charge of interest on the gross amount
CA Shafaly GirdharwalFeb 15, 2020GUIDELINES–Allotment Of Instant PAN Through Aadhaar Based e-KYC
GUIDELINES–Allotment Of Instant PAN Through Aadhaar Based e-KYC 1. General scheme of Instant PAN allotment This facility is for allotment of Instant PAN (on the near-real-time basis) for those applicants who possess a valid Aadhaar number. PAN is issued in PDF format to applicants, which
How to get Instant PAN Allotment in Near to Real-Time for free
How to get Instant PAN Allotment in Near to Real-Time for free The new facility is announced in Budget 2020. It is live on the income tax website. Instant PAN Allotment in Near to Real-Time for free is available. We tried it and it was amazing
BUDS (Banning of Unregulated Deposit) Rules, 2020.
1. Short title and commencement: (1) These rules may be called the Banning of Unregulated Deposit Schemes Rules, 2020. (2) These rules shall come into force on the date of their publication in the Official Gazette. 2. Definitions: (1) In these rules, unless the context