"08 June 2018" Archive

GST on moulds & dies, Car servicing, Tea/coffee/rubber auction & E-way Bill Requirements

Circular No. 47/21/2018-GST 08/06/2018

Whether moulds and dies owned by Original Equipment Manufacturers (OEM) that are sent free of cost (FOC) to a component manufacturer is leviable to tax and whether OEMs are required to reverse input tax credit in this case?...

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Task Force on Shell Companies identifies 225910 more companies for being struck-off

2nd drive to be launched during the current Financial Year 2018-19 ; a total of 2,25,910 companies identified for being struck-off under section 248 of the Companies Act ...

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Changing the landscape of real estate with Short Term Rentals

The idea of generating income from one’s home is great. If a family needs to leave town for short while, the benefits of renting their house out to someone on a short term basis are twofold: security and secondary income. It is on this premise that the concept of short-term rentals is based. A short-term […]...

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Energy-G Premium oil classifiable under HSN 1518; 5% GST Payable

In re Agarwal Industries Private Limited (GST AAR Andhra Pradesh)

In re Agarwal Industries Private Limited (GST AAR Andhra Pradesh) Energy-G premium oil is manufactured out of Vegetable fats / oils and not from animal fats / oils. That being so the classification of product is HSN 1518 and shall be subject to 5% GST as per Schedule I of Notification 1/2017-C.T (Rate) dated 28.06.2017 […]...

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Place of Removal under Excise Act and CENVAT Credit Rules

Circular No. 1065/4/2018-Central Excise 08/06/2018

As regards determination of ‘place of removal’, in general the principle laid by Hon’ble Supreme Court in the case of CCE vs Ispat Industries Ltd 2015(324) ELT670 (SC) may be applied. Apex Court, in this case has upheld the principle laid down in M/s Escorts JCB (Supra) to the extent that ‘place of removal’ is required to be de...

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Power Banks not eligible for benefits under N/No. 12/2012-Customs

CCE Vs S.B. Industries (CESTAT Delhi)

The present appeal has been filled by the Revenue against the Order-in-Appeal No.204/GST/DL-Appl-II/17/ vide which the Commissioner (A) has set aside the order of adjudicating authority....

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Notification under Section 7 notifying Surat airport as Customs airport

Notification No. 51/2018-Customs (N.T.) [G.S.R. 534 (E)] 08/06/2018

Notification No. 51/2018-Customs (N.T.) Dated- 8th June, 2018- under Section 7 of the Customs Act, 1962 notifying Surat airport as Customs airport for Unloading of baggage and the loading of baggage...

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Electro Ink supplied along with consumables is a mixed supply

In re HP India Sales Private Limited (GST AAR Maharashtra)

In re HP India Sales Private Limited (GST AAR Maharashtra) Question :-1. Classification of Electro Ink supplied along with consumables under GST Answer:- The supply of Electro Ink supplied along with consumable is a mixed supply as defined u/s section 2 (74) of the GST Act and is also a continuous supply of goods as […]...

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GST Payable on Cheque Bounce Charges

In re Bajaj Finance Limited (GST AAR Maharashtra)

In re Bajaj Finance Limited (GST AAR Maharashtra) Whether the Bounce Charges collected by the Applicant should be treated as a supply under the GST regime? In the present case, as per details presented before us, we clearly find that there is a clear understanding or agreement between the parties in the present case to […]...

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Registrars to An Issue And Share Transfer Agents (Second Amendment) Regulations, 2018

Notification No. SEBI/LAD-NRO/GN/2018/25 08/06/2018

1. These regulations may be called the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) (Second Amendment) Regulations, 2018....

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