In re Synergy Global Steel Pvt. Ltd. (GST AAR Haryana) In the present case, the applicant constructed a building for the purpose of leasing or renting out the same for running an industry. The said building is imbedded in the earth as per clause (b) above and the goods in question are attached to the […]
The field formations may get the stock of seized/ confiscated MoP inspected by the Fertilizer Inspector of Central Fertilizer Quality Control and Training Institute (CFQCTI), Faridabad and its 3 Regional Fertilizer Testing Laboratories at Chennai, Kalyani Distt. Nadia (West Bengal) and Navi Mumbai, to ascertain whether it is Standard Grade Fertilizer or Non-Standard Grade Fertilizer
Rationalisation of Insolvency & Bankruptcy Code (IBC): A lot has been done, still a lot more needs to be done….. The intent of the Legislature in repealing the erstwhile SICA Act and its substitution with the new Insolvency & Bankruptcy Code (IBC) 2016 was to ensure more effective, sensitive, holistic and timely financial revival of […]
C.M.S. Info Systems Ltd. Vs Commissioner, CGST, Mumbai East & Ors. (Bombay High Court) We find that the fundamental submission of the petitioner before the AARA was the fact that money would stand covered by the definition of ‘goods’ under Section 2(52) of the GST Act so long as the same is not used as […]
Revised Procedure and formats for limited review / audit report of the listed entity and those entities whose accounts are to be consolidated with the listed entity Securities and Exchange Board of India CIRCULAR CIR/CFD/CMD1/ 80 /2019 July 19 , 2019 To All listed entities (whose equity shares and convertible securities are listed) All the […]
To most of the people directly or indirectly concerned with goods and services tax (hereinafter referred to as the GST) will take the title of this post as a surprise but it is absolutely true that GST Law not provides threshold limit of turnover. Sub-clause (d) of clause (4) of Article 279A of the Constitution, […]
Benefits under the Income Tax Act, 1961 for units located in an International Financial Services Centre (IFSC) An International Financial Services Centre (IFSC) is an institution which deals with financial services, financial products and financial transaction which are undertaken on an international level. In India, the only IFSC is located in Gandhinagar, Gujarat commonly known […]
ACES GST Integration- Issue of Advisory for Tax officers to Change Assessee Password for Existing Tax payers of Central Excise and Service Tax in the integrated CBIC-GST Tax Payer portal
Does supply covers charitable activities? There is still a lot of confusion prevailing on whether GST applicable to Charitable Institutions. Let’s understand its applicability and its exemption. GST Act defines supply in a very broad sense. As per section 2(92) read with section 3 Supply includes- All forms of supply of goods and/or services such […]
