"20 September 2019" Archive - Page 4

GST on invoices raised to SEZ Units for accommodation services rendered outside SEZ Zone

In re Poppy Dorothy Noel (GST AAR Karnataka)

In re Poppy Dorothy Noel (GST AAR Karnataka) Whether the IGST at 0% is applicable for the invoices raised to the SEZ Units, even if the accommodation services were rendered outside the SEZ Zone? Provisions in Section 7(5)(b) of the IGST Act, 2017 overrides the provisions in Section 12(3)(c) of the IGST Act, 2017 and […]...

Read More

Corporate tax rates slashed to 22% and 15% for domestic companies

Corporate tax rates slashed to 22% for domestic companies and 15% for new domestic manufacturing companies and other fiscal reliefs The Government has brought in the Taxation Laws (Amendment) Ordinance 2019 to make certain amendments in the Income-tax Act 1961 and the Finance (No. 2) Act 2019. This was announced by the Union Minister for ...

Read More

Risk management framework for liquid & overnight funds & norms of investment in short term deposits

Circular No. SEBI/HO/IMD/DF2/CIR/P/2019/101 20/09/2019

SEBI Circular on Risk management framework for liquid and overnight funds and  Investment and advisory fees for parking of funds in short term deposits...

Read More

Tax Treatment of Dividend Received From A Foreign Company

Article discusses about Meaning of dividend, Head of taxability and applicable tax rate, Relief from double taxation, Concessional rate of tax to dividends received from foreign specified company,...

Read More

‘Technical Varnish/ Medium’ falls under HSN code 3208 : AAR Gujarat

In re Flint Group India Private Limited (GST AAR Gujarat)

In re Flint Group India Private Limited (GST AAR Gujarat) The applicant has submitted that their product, ‘Technical varnish’, “Medium’ or ‘tinting ink’ should not be treated anything other than printing ink. The ‘Printing ink’ manufactured and supplied by them fall under Chapter Heading 321...

Read More

GST on Sale of Land after converting into integrated residential sub plots

In re Satyaja Infratech (GST AAR Gujarat)

The activity of purchase of land and selling the said land by converting in to integrated residential sub plots of varying sizes under the name of 'Bliss Homes' with the basic facility is liable to GST....

Read More

Banks to pay compensation to customer for failed transactions

RBI/2019-20/67 DPSS.CO.PD No.629/02.01.014/2019-20 20/09/2019

Harmonisation of Turn Around Time (TAT) and customer compensation for failed transactions using authorised Payment Systems- a. If the transaction is a ‘credit-push’ funds transfer and the beneficiary account is not credited while the debit to originator has been effected, then credit is to be effected within the prescribed time period...

Read More

Increase in Sanctioned Limit for classification of export credit under PSL

RBI/2019-20/66 FIDD.CO.Plan.BC.12/04.09.01/2019-20 20/09/2019

It has been decided to i. Enhance the sanctioned limit, for classification of export credit under PSL, from ₹ 250 million per borrower to ₹ 400 million per borrower. ii. Remove the existing criteria of ‘units having turnover of up to ₹ 1 billion’...

Read More

HC held incorporation of Company vitiated by fraud as Invalid

Mrs. Nagappan Swarnalatha Vs M/s. Colour Books Associates Private Limited (National Company Law Tribunal)

Mrs. Nagappan Swarnalatha Vs M/s. Colour Books Associates Private Limited (National Company Law Tribunal) 1) We hereby declared that the incorporation of M/s. Colour Books Associates Private Limited (Respondent No.1 Company, is vitiated by fraud and consequently, the Certificate of Incorporation dated 14th May, 2018 issued by the Governme...

Read More

For levy of cess ground clearance of vehicle is to be considered in laden condition only

In re Tata Motors Limited (GST AAAR Maharashtra)

For the purpose of Cess @ 22% under Sr. No. 52B of Cess Rate Notification, whether the ground clearance of the vehicle is to be considered in laden condition or in unladen condition? For the purpose of Cess @ 22% under Sr. No. 52B of Cess Rate Notification, the ground clearance of the vehicle is to be considered in laden condition only....

Read More

Search Posts by Date

September 2021
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930