In re M/s Madhya Pradesh Power Generating Company (GST AAR Madhya Pradesh) The services of coal beneficiation and transportation are two different supplies and they will attract the following rates: a. Coal Beneficiation: GST @18% (CGST 9% + SGST 9%) under SAC9997 b. Transportation by a GTA by road @5% (CGST 2.5% + SGST 2.5%) […]
State cannot be allowed to levy life tax on the ex-showroom price shown in the price list, when it is not the actual cost of the vehicle and the life tax has to be levied on the actual cost of the vehicle as paid by the purchaser of the vehicle which can be reflected from the invoice.
In re Assistant Commissioner, State Tax, Park Street Charge, Kolkata (GST AAAR West Bengal) Providing service of construction of a dwelling unit in a residential complex, bundled with services relating to the preferential location of the unit and right to use car parking space and common areas and facilities constitutes a composite supply with construction […]
The period for installation and operationalisation of Radiation Portal Monitors and Container Scanner in the designated ports is extended up to 31.12.2019. Public Notice No. 34/(2015-2020) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE PUBLIC NOTICE NO. 34/(2015-2020)-DGFT NEW DELHI: Dated the 25 September, 2019 Subject: Amendment in […]
Explore how product life cycles can trigger the need for rebranding in organizations. Learn how to strategically use this metric for business turnaround.
Interest deduction, towards loan taken to purchase residential house, available under section 80EE is limited only for the loans sanctioned by the financial institution between the period 1st April 2016 to 31st March 2017. Any loan approved after the said defined period would not be eligible for deduction under section 80EE. In order to boost the diminishing […]
Notification No. 38/2019–Customs (ADD) Seeks to impose anti-dumping duty on imports of ‘High -Speed Steel of Non-Cobalt Grade’originating in, or exported from Brazil, China and Germany. MINISTRY OF FINANCE (Department of Revenue) Notification No. 38/2019–Customs (ADD) New Delhi, the 25th September, 2019 G.S.R. 691(E).—Whereas, in the matter of “High -Speed Steel of Non-Cobalt Grade” (hereafter […]
Only the persons who are eligible in terms of Section 125 can file a declaration under the Scheme. The eligibility conditions are captured in Form SVLDRS-1 (Sr. No. 8). The system automatically disallows persons who are not eligible from filing a declaration.
It is now been decided that agency banks while claiming agency commission may submit the certificate (given in Annex B of the above mentioned Circular) duly certified by Chartered Accountants or by Cost Accountants. Revised Annex B is enclosed. There is no change in Annex A and other usual Certificate from ED / CGM (in charge of government business) to the effect that there are no pension arrears to be credited / delays in crediting regular pension / arrears thereof.
Winding up petition filed in October 2016 by IL&FS Financial Services Ltd. against La-Fin before the Bombay High Court which was transferred to the NCLT with respect to the alleged default by La-Fin in not complying with its undertaking to buy back 442 lakh equity shares of MCX-SX (a group company of La-Fin) from IL&FS in August 2012 was time-barred being beyond the period of three-years mentioned in Article 137 of the Limitation Act and could not therefore be proceeded with any further.
