We are of the considered opinion that all the goods being manufactured by the applicant which are mentioned (including the goods mentioned at Sr. No. 20 and 21) in the drug license issued to the applicant by the competent authority and have the labels as per the standards prescribed under the Drugs and Cosmetics Act, 1940 can be classified under HS code 3004.
MCA notifies Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 (Rules)
Respondent has denied benefit of ITC to the buyers of the flats being constructed by him in his ‘Runwal My City’ Project in contravention of the provisions of Section 171 (1) of the CGST Act, 2017 and has thus profiteered an amount of Rs. 3,20,49,507/- from his customers, hence he has committed an offence under section 171 (3A) of the CGST Act, 2017 and therefore, he is liable for imposition of penalty under the provisions of the above Section.
Snapshot of important amendments in GSTR -9 and GSTR – 9C as made by CBIC vide Notification 56/2019-Cerntral Tax Dated 14.11.2019. Amendments in GSTR 9 Now outward supply after adjustment on account of debit note, credit note and amendments against Sl 4B to 4E If exempted, nil rated and non gst are not segregated then […]
Summary of Changes in GSTR-9 and GSTR-9C made by CBIC vide Notification No. 56/2019–Central Tax Dated 14.11.2019 A. Changes in GSTR-9 General Changes in GSTR-9 The Part or Table headings, Field names and Instructions have been amended to make the forms suitable for FY 17-18 and also for FY 18-19 Simplifications in GSTR 9 for […]
Tariff Notification No. 84/2019-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver -Reg Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 84/2019-CUSTOMS (N.T.) New Delhi, 15th November, 2019 24 Kartika, 1941 (SAKA) S.O. […]
Notification No.83/2019-Customs (N.T.)- Exercise of powers of Commissioner of Customs (Appeals), Delhi in certain cases by Commissioner of Customs (Audit), Delhi Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes and Customs) Notification No. 83/2019-Customs (N.T.) New Delhi, the 15 November, 2019 G.S.R. 853(E). – In exercise of powers conferred […]
Amendment to All Industry Rates of duty drawback effective from 16.11.2019 vide Notification No. 82/2019-CUSTOMS (N.T.) Dated 15th November, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 82/2019-CUSTOMS (N.T.) New Delhi, the 15th November, 2019 G.S.R. 851(E). – In exercise of the powers conferred by sub-section (2) of section 75 of […]
A mechanism for mapping of UCC with demat accounts of the clients was discussed with Stock Exchanges and Depositories. Pursuant to the discussion with Stock Exchanges and Depositories, it has been decided that for mapping of UCC with the demat account of the clients, following mechanism shall be implemented:
RBI releases guidelines on the criteria for registering institutions, organisations and associations ‘on tap’ for grant of financial assistance from the Depositor Education and Awareness Fund
