Follow Us :

Archive: 12 March 2020

Posts in 12 March 2020

Recipient of services cannot apply for Advance Ruling under GST

March 12, 2020 1485 Views 0 comment Print

In re Portescap India Private Limited (GST AAR Maharashtra) Section 95 of the CGST Act, 2017 allows this authority to decide the matter in respect of supply of goods or services or both, undertaken or proposed to be undertaken by the applicant. We find that the applicant has not undertaken the supply in the subject […]

Companies (Incorporation) second Amendment Rules, 2020

March 12, 2020 1626 Views 0 comment Print

MCA notifies Companies (Incorporation) second Amendment Rules, 2020 and amend Annexure, in Form No. INC-28 vide Notiufication dated 12th March 2020. GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 12th March, 2020 G.S.R. 169(E)._ In exercise of the powers conferred by section 3, sub-section (1) of section 7 and sub-sections (1) and (2) […]

Section 54D Exemption from capital gain on compulsory acquisition of land or buildings forming part of industrial undertaking

March 12, 2020 60861 Views 0 comment Print

The exemption provisions of section 54D of the Income Tax Act comes into play only if the following norms are satisfied – 1. There is a capital gain on account of compulsory acquisition of land or building, forming part of the industrial undertaking; and 2. The assessee has re-invested the amount for acquiring new land […]

Companies (Registration Offices and Fees) Second Amendment Rules, 2020

March 12, 2020 1263 Views 0 comment Print

MCA notifies ‘Companies (Registration Offices and Fees) Second Amendment Rules, 2020‘ and amends vide Form No.GNL-2 and add the word ‘Filing under Insolvency and Bankruptcy Code, 2016‘ instead of ‘Form 159 of the Companies (Court) Rules,1959′ and also add after first verification column- Particulars of the person signing and submitting the form. Government of India […]

No ITC of GST on input & input services used for construction of commercial immovable property, subsequently used for renting

March 12, 2020 10329 Views 1 comment Print

In re Ashish Arvind Hansoti (GST AAR Maharashtra) Question : Whether applicant is eligible to claim input tax credit of GST paid on input & input services used for construction of commercial immovable property, subsequently used for renting? Section (17) (5) (d) bars a taxable person, in the subject case the applicant, from taking input […]

AAR Maharashtra allows Lfonds India to withdraw Application

March 12, 2020 402 Views 0 comment Print

In re M/s. Lfonds India Pvt. Ltd. (GST AAR Maharashtra) The applicant has submitted a letter dated 24.02.2020 and requested that they may be allowed to voluntarily withdraw their subject application filed on 24.02.2020. The request of the applicant to withdraw the application voluntarily and unconditionally is hereby allowed, without going into the merits or […]

HC explains relevant date for application of notification

March 12, 2020 4986 Views 0 comment Print

Ruchi Soya Industries Ltd Vs. Union of India (Gujarat High Court) 1. Rule returnable forthwith. Mr.Nirzar Desai, learned Standing Counsel waives service of notice of rule on behalf of the respondent no.1. Mr.Parth Bhatt, learned advocate waives service of notice of rule on behalf of the respondent nos.2 and 3. Mr.Kartik Pandya, learned advocate waives […]

Patanjali Ayurveda guilty of Profiteering: NAA

March 12, 2020 1827 Views 0 comment Print

The Respondent has also claimed that the pricing of products depended on a number of commercial factors. In this connection it would be pertinent to mention that the provisions of Section 171 (1) of the above Act required the Respondent to pass on the benefit of tax reduction to the consumers only and have no mandate to look in to fixing of prices of the products which the Respondent was free to fix.

Custom notifies exchange rate of South African Rand wef 13.03.2020

March 12, 2020 432 Views 0 comment Print

Custom notifies exchange rate of South African Rand w.e.f. 13th March, 2020 vide Notification No. 22/2020-Customs (N.T.), dated the 12th March, 2020 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 22/2020–Customs (N.T.) New Delhi, dated the 12th March, 2020 22 Phalguna 1941 (SAKA) In […]

NY Cinemas found Guilty of Profiteering: NAA

March 12, 2020 1119 Views 0 comment Print

It was alleged that NY Cinemas had not passed on the benefit of reduction in the GST rates on Services by way of admission to exhibition of cinematograph films where price of admission ticket was above one hundred rupees from 28% to 18%

Search Post by Date
March 2020
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031