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Retrospective Withdrawal of Export Benefits –Permissible?
Retrospective Withdrawal of Export Benefits –Permissible? The Delhi High Court in Indian Aluminium Co. Ltd. v. UOI, 1983 (12) ELT 349, held that it is not open to the Board of Central Excise and Customs in its administrative capacity to issue directives to various subordinate
Article on Royalty Part-II
Article on Royalty Part-II Be it contended that since the Goods in respect of which patents were used High Sea sales (Falling in Schedule III (Purchased from one country and sold to another country without being brought into India), therefore, Royalty paid on such goods
The Section of IPC and Respective Punishment
The Section of IPC and Respective Punishment S.NO SECTION DESCRIPTION OF SECTION PUNISHMENT 1 107 Abetment same punishment which is there for the offense 2 120-A Criminal conspiracy Part-I: same as abetment of the offense Part-II: 6 months 3 121 Waging war against the government
Administrative Authority/Body Also To Record Reasons
Administrative Authority/Body Also To Record Reasons 1: The Supreme Court recognized a sort of demarcation between administrative orders and quasi-judicial orders but with the passage of time the distinction between the two got blurred and thinned out and virtually reached a vanishing point in the
GST Implications on Deputation and Secondment of Employees
GST Implications on Deputation and Secondment of Employees Introduction It is a common practice (especially in group companies) that an employee employed with one company is deputed for work to another company. During such deputation or secondment, such employee works under the direction, supervision, and
Section 10(1)(a) IGST Act –Place of Supply
Section 10(1)(a) IGST Act –Place of Supply In the present Article, I am raising a very interesting issue about the place of supply of goods as envisaged under Section 10(1)(a) of IGST Act. Practically, in all situation, wherever the movement of goods is terminating at
GST ConsultancyWhat is GST input tax credit, ITC in GST
What is the input tax credit in GST? GST input tax credit is the mechanism to avail of the benefit of tax paid on the purchase. In any value-added tax, every person in the chain pays tax on their value addition. Related Topic: Presentation of
CA Shafaly GirdharwalJun 24, 2020Join our Certificate Course on FEMA – A Complete Disection by Sudha G. Bhushan
Certificate Course on FEMA – A Complete Dissection: FEMA covers the transactions related to the foreign exchange. Many corporates are required to comply with FEMA provisions. Here the amount of penalty is quite high for defaults. In some of the cases, senior management and directors
Income Tax Search and Seizure: Whether a new claim can be raised in the Income Tax return filed u/s 153A of the act
Income Tax Search and Seizure: Whether a new claim can be raised in the Income Tax return filed u/s 153A of the act Introduction: The provisions of assessment in the case of search u/s. 153A etc. have been inserted by the Finance Act, 2003 with
Submission of Correct Return Under GST
Circular No. 06/2020 Sub: SGSTDK- Submission of correct return under GST- reg. Ref: Section 17 of IGST Act 2017 r/w Goods and Services Tax Settlement of Funds Rules, 2017 1.Background 1.1 After the implementation of Goods and Services Tax, the State Tax revenue constitutes the
Gujarat AAR in the case of Shree Dipesh Anilkumar Naik
Case Covered: Shree Dipesh Anilkumar Naik Facts of the case: The applicant has submitted that he is having a vacant land outside the municipal area of the town on which he has some proposed business activity. The applicant is having all the necessary approvals for
Amendment in Export Policy of Personal Protection Equipment/ Masks
Notification No. 14/2015-2020 Subject: Amendment in Export Policy of Personal Protection Equipment/ Masks S.O.(E) In exercise of powers conferred by Section 3 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992), as amended, read Para 1.02 and 2.01 of the Foreign Trade