"October, 2019" Archive - Page 40

No ITC on inputs/ capital goods for creation of warehouse for renting

In re Dhingra Trucking Pvt. Ltd. (GST AAR Haryana)

 In re Dhingra Trucking Pvt. Ltd. (GST AAR Haryana) Q1. Whether input tax credit of GST in respect of inputs/ capital goods used or intended to be used for creation of covered logistics facility space (warehouse) to be rented out for storage purposes be eligible for input tax credit under the provisions of section 16 […]...

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Intermediary services not exempt under GST Notification 12/2017 CT (Rate)

In re Mcdonald Pelz Global Commodities India Pvt. Ltd. (GST AAR Haryana)

In re Mcdonald Pelz Global Commodities India Pvt. Ltd. (GST AAR Haryana) Mr. A appoints Mr. B to procure certain goods from the market. Mr. B identifies various suppliers who can provide the goods as desired by Mr. A, and asks the supplier (Mr. C) to send the goods and issue the invoice directly to […]...

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IBC 2016 | The Code for Resolution

IBC Code is one of the most crucial reforms initiated in recent years that represents a paradigm shift for insolvency resolution in India. The Code is a game-changer in the sense that it motivates the management and promoters of firms to avoid default as their inefficiencies to operate above the optimum level may lead to shift in control...

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IBC 2016| The Code for Economic Growth

It might be useful to assess how the IBC Code is influencing the behaviour of various participants in the chain of economic growth. According to the author, they can be grouped into six broad categories, viz., lenders, operational creditors, borrowers, entrepreneurs, workforce and the economy at large....

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Cost-Benefit Analysis of Insolvency Regulations

In the area of insolvency regulation, economists and scholars estimating the costs and benefits of regulation encounter formidable problems. The most important of which is identifying a reasonable benchmark with which to compare the current system. Unfortunately, such a counterfactual does not exist globally....

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Appointment as GST Authority for Advance Ruling in Chandigarh

Notification No. 05/2019-Union territory Tax [G.S.R. 781(E)] 14/10/2019

CBIC hereby appoints Dr. Puneeta Bedi, Joint Commissioner of Central Tax, Chandigarh Zone as as GST Authority for Advance Ruling for  Union territory -Chandigarh vide Notification No. 05/2019-Union territory Tax dated – 14th October, 2019. MINISTRY OF FINANCE (Department of Revenue) Notification No. 05/2019-Union territory Tax New ...

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CG delegates powers to appoint Officers/Staff to NCLT/NCALT

[F. No. A-12018/02/2017- Ad-IV/P] 14/10/2019

Central Government (CG) delegates its powers and functions under section 418(1) of Companies Act, 2013 to provide officers and other employees to the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCALT) to the President and Chairperson of the said  NCLT and NCALT. GOVERNMENT OF INDIA MINISTRY OF CO...

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Reorganization of J&K – certain urgent GST clarifications are essential

As per the Jammu and Kashmir Reorganisation Act, 2019 read with the Notification bearing S.O. 2889 (E) dated 09.08.2019 issued by the Department Jammu and Kashmir Affairs, Ministry of Home Affairs, the appointed date for the reorganization of the State of J&K into Union Territory (UT) of J&K and UT of Ladakh is fixed as […]...

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University Bound to Provide Copy of Answer Sheet under RTI Act, 2005

Tamil Nadu Dr. Ambedkar Law University Vs Tamil Nadu State Information Commission (Madras High Court)

Court would like to emphasis that the Law University, being a Public Institution, is bound to implement the provisions of the Right to Information Act, scrupulously in its letter and spirit....

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Say Hi-Five to Input Tax Credit Reconciliation in GST

One of the notifications issued recently talks about the input tax credit to be availed by taxpayers on a provisional basis up to 20% of the eligible credit available in the GSTR – 2A. This is notified wide Notification No 49/2019 – Central Tax, dated 9th Oct 2019. What does it mean? It means that […]...

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