"06 June 2018" Archive - Page 2

Re-credit of amount in credit ledger on Refund Rejection in GST PMT – 03

Where any amount claimed as refund is rejected under rule 92 of the CGST Rules, either fully or partly, the amount debited, to the extent of rejection, shall be re-credited to the electronic credit ledger by an order made in FORM GST PMT-03. The amount would be credited by the proper officer using FORM GST RFD-01B (as notified in the CGST...

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What is Investors Pitch Deck?

This article is meant for the ‘startups’ who wish to enter into the market after having the sound business plan and wants to raise the funds for bringing their plans into reality. But the first step in order to approach is preparing the ‘Investor pitch deck’. What is “Investor pitch deck” Have you completed with […]...

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What is Joint Venture and Joint venture Agreement?

A joint venture is generally understood as technical and financial collaboration for the purpose of some projects fulfillment with existing companies. Companies lacking in some aspects such as technology, knowledge, assets or reach to the market are generally involved in joint ventures with other company because they are not able to achie...

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In absence of PE Non-Competent Fee received by UK Company from Indian Company not Taxable in India: AAR

Mr. Kanchun Kaushal Vs Ms. Kavita Pandey (Authority for Advance Rulings)

Mr. Kanchun Kaushal Vs Ms. Kavita Pandey (AAR Delhi) Non-compete fees received by the Applicant from ADI BPO Services Private Ltd., an Indian Company, as a part of the consideration for transfer of the shares held in MPS Ltd. an Indian Company, though income from “Profits and gains of business or profession” as provided under [&hellip...

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Second Bi-monthly Monetary Policy Statement, 2018-19-Policy Rates increased by 25 basis points

Press Release: 2017-2018/3190 & Press Release: 2017-2018/3191 06/06/2018

The decision of the MPC is consistent with the neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth. The main considerations underlying the decision are set out in the statement ...

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Difficulty in Issue of CA Certificate Under UP RERA

DIFFICULTY IN ISSUE OF CA CERTIFICATE UNDER UP RERA [for the purpose of withdrawal of money from designated bank account of the project] As per the provision of The Real Estate (Regulation and Development) Act 2016 (RERA), As per section 4(2)(l)(D) of RERA Act;  ‘seventy per cent. of the amounts realised for the real estate […]...

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Amendment to SEBI (Credit Rating Agencies) Regulations, 1999

SEBI/ HO/ MIRSD/ DOP2/CIR/P/2018/95 06/06/2018

In terms of Regulation 16(3) of SEBI (Credit Rating Agencies) Regulations, 1999, a CRA may withdraw a rating, subject to the CRA having: i. rated the instrument continuously for 5 years or 50 per cent of the tenure of the instrument, whichever is higher.ii. received an undertaking from the Issuer that a rating is available on that instrum...

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When will the Rip Van Winkleism stop- SC Slam Central Govt

Union of India Vs Pirthwi Singh (Supreme Court of India)

To make matters worse, in this appeal, the Union of India has engaged 10 lawyers, including an Additional Solicitor General and a Senior Advocate! This is as per the appearance slip submitted to the Registry of this Court. In other words, the Union of India has created a huge financial liability by engaging so many lawyers for an appeal w...

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EOI to be in Panel to act as Interim Resolution Professionals

Expression of Interest to be in the Panel under Insolvency Professionals to act as Interim Resolution Professionals or Liquidators (Recommendation) Guidelines, 2018....

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GST not applicable on upfront amount for lease of 30 Years or more for plots

In re Yamuna Expressway Industrial Development Authority (GST AAR Uttar Pradesh)

In re Yamuna Expressway Industrial Development Authority (GST AAR Uttar Pradesh) Whether GST is applicable on upfront amount (called as premium / salami) payable in respect of services by way of granting of long term lease of the thirty years or more for plots catering to public health care such as hospital, nursing home, diagnostic [&hel...

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