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Archive: 13 December 2018

Posts in 13 December 2018

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6441 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Anti-dumping duty on Uncoated Copier Paper from Indonesia, Thailand & Singapore

December 13, 2018 645 Views 0 comment Print

Seeks to levy definitive anti-dumping duty on the imports of  Uncoated Copier Paper  originating in or exported from Indonesia, Thailand and Singapore vide Notification No. 57/2018-Customs (ADD). MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 13th December, 2018 Notification No. 57/2018-Customs (ADD) G.S.R. 1203(E).—Whereas, in the matter of import of ‘Zeolite 4A’ [Detergent grade] (hereinafter […]

Clarification on clubbing of investment limits of Foreign Portfolio Investors

December 13, 2018 567 Views 0 comment Print

Clubbing of investment limit for FPIs will be on the basis of common ownership of more than 50% or based on common control. However, clubbing of investment limit of FPIs having common control shall not be done in case of (a) FPIs which are appropriately regulated public retail funds or (b) FPIs which are public retail funds majority owned by appropriately regulated public retail funds on look through basis or (c) FPIs which are public retail funds and investment managers (IMs) of such FPIs are appropriately regulated.

Measuring Financial Capability of the Street Vendors

December 13, 2018 642 Views 0 comment Print

Reserve Bank of India today placed on its website a Working Paper titled Measuring Financial Capability of the Street Vendors under the Reserve Bank of India Working Paper Series*. The Paper is authored by D.V. Ramana and Silu Muduli.

Compliance Guide for E-Commerce Sellers: TDS vs TCS

December 13, 2018 29577 Views 2 comments Print

E-commerce platforms have been a major boon for new and budding companies, providing pan India customer base and a host of other services in helping them grow. However, working with e-commerce platforms attract lots of compliance issues and complexities which one might be caught unaware.

Section 35G of Central Excise Act, 1944 : Substantial Question of Law

December 13, 2018 9657 Views 0 comment Print

An appeal to the High Court is not automatic. The condition precedent for entertaining an appeal is the satisfaction of the High Court of the case involving a substantial question of law. 

Payment Wallet for NBFCs

December 13, 2018 8124 Views 0 comment Print

With the ever improving world of technology, the various mobile payment methods are becoming a preferred mode of payment for a large number of consumers. Amongst the popular payment methods, Mobile-Wallets are the ones that have gained momentum.

GST on On Paying Guest Services

December 13, 2018 29181 Views 16 comments Print

Here we will discuss applicability & Compliance of GST on Paying Guest Services (A) Whether It is A Supply or not? (B) Whether Covered in Exemption ? (C) What is Place of Supply for PG Services? (D) What is Rate of GST on it?

Utilized Subsidy Reflected as Current Liabilities in Balance Sheet, Not an Income as per Matching Concept

December 13, 2018 4638 Views 0 comment Print

The judges of the Delhi High Court observed that it is not disputed by the revenue that subsidies were received by the assessee from CSPL against specific obligation to incur expenditure on specific activities and it was not open for the assessee to divert the amount for any purpose other than for which it was remitted. In CIT v. Canon India (P) Ltd. (ITA 137/2014, 138/2014, A.Y.2006-07, 2007-08 & 2008-09, decided on 03.08.2015), the assessee being a wholly owned subsidiary of Canon Singapore Pvt. Ltd. (hereafter ‘CSPL’) started its operations in India in 1996.

Supply of pure food items from sweet shop-cum-restaurant treated as supply of service at 5% rate of tax without ITC: AAR

December 13, 2018 3675 Views 0 comment Print

GST AAAR of M/s Kundan Misthan Bhandar observed by Uttarakhand APPELLATE AUTHORITY FOR ADVANCE RULING

NBFCs – Mergers and Demergers

December 13, 2018 8802 Views 0 comment Print

A Non-Banking Financial Company (NBFC) is a company which is registered under the Companies Act, 1956 /2013. An NBFC is engaged in the business of loans and advances, investment share, assets financing, debenture or other marketable securities, leasing, hire-purchase and insurance business.

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