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Archive: 20 March 2020

Posts in 20 March 2020

GST on power supply & distribution network installed for Metro Rail

March 20, 2020 3009 Views 0 comment Print

In re ABB lndia Ltd (GST AAR West Bangal) SCADA, in the context of the Applicant’s supply to RVNL, is the system that controls and monitors the electrical network of the metro, enabling the operator to issue suitable commands to be followed in the operation of the metro. Using the SCADA interface, the operator sends […]

No GST exemption if person administering Ayurveda treatment are not ‘authorised medical practitioners’

March 20, 2020 9741 Views 0 comment Print

The Applicant claims that it administers certain plant-based medications for the treatment of osteoarthritis and disorders of similar nature. The medicaments are not supplied standalone, but ancillary to the supply of health care service. lt is a composite supply of health care service called ‘phytotherapy’. Applicant further submits that ‘phytotherapy’ is a treatment based on the ayurvedic system of medicine

Educational Course and Continuing Education under Companies (Registered Valuers and Valuation) Rules, 2017

March 20, 2020 657 Views 0 comment Print

Clause (a) of sub-rule (2) of rule 12 of the Companies (Registered Values and Valuation) Rules, 2017 requires that a Registered Valuer Organisation (RVO) shall conduct educational courses in valuation, in accordance with the syllabus determined by the Authority for its valuer members.

Pre-registration Educational Course under the IBBI (Insolvency Professional) Regulations, 2016

March 20, 2020 1278 Views 0 comment Print

Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 ADVISORY No. IBBI/IPA/031/2020 20th March, 2020 To All Registered Insolvency Professional Agencies (IPAs) (By mail to registered email addresses and on website of the IBBI) Dear Madam / Sir, Subject: Pre-registration Educational Course under the IBBI (Insolvency Professional) Regulations, 2016. The […]

IBBI imposes Penalty of Rs. 1 Lakh on IP for non-compliance of law

March 20, 2020 753 Views 0 comment Print

In this matter, the DC observes that Mr. Tarun Jaggi, while acting as a Liquidator displayed a negligent attitude during the conduct of voluntary liquidation process which can be elaborated as below: a) He failed to publish the public announcement in the newspapers within the time prescribed under regulation 14(1) of Voluntary Liquidation Process Regulations […]

Notification No. 23/2020-Customs (N.T./CAA/DRI), Dated: 20.03.2020

March 20, 2020 684 Views 0 comment Print

Appointment of CAA by DGRI – Notification No. 23/2020-Customs (N.T./CAA/DRI), Dated: 20.03.2020 Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 23/2020-Customs (N.T./CAA/DRI) New Delhi, dated the 20.03.2020 S.O. 1191(E). – In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. […]

Notification No. 22/2020-Customs (N.T./CAA/DRI), Dated: 20.03.2020

March 20, 2020 561 Views 1 comment Print

Appointment of CAA by DGRI – Notification No. 22/2020-Customs (N.T./CAA/DRI), Dated: 20.03.2020 Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 22/2020-Customs (N.T./CAA/DRI)  New Delhi, dated 20.03.2020 S.O. 1190(E)– In  pursuance of  notification  No.  60/2015-Customs (N.T.),  published vide number G.S.R. 453(E), dated […]

CBIC notifies Rate of Exchange of Foreign Currencies wef 21.03.2020

March 20, 2020 432 Views 0 comment Print

Exchange Rates Notification No. 28/2020-Custom (NT) dated 20.03.2020 Notifying Customs Rate of Exchange of Foreign Currency Conversion w.e.f. 21st March, 2020. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) **** Notification No. 28/2020 – Customs (N.T.) New Delhi, dated the 20th March, 2020 30 Phalguna 1941 (SAKA) […]

Addition for bogus purchase only to the extent of lower GP declared

March 20, 2020 2595 Views 0 comment Print

Addition in case of bogus purchases was required to be made only to the extent of lower GP declared by assessee on bogus purchases as compared to G.P. on normal purchases. Thus, no addition was warranted in case of assessee as GROSS PROFIT declared by assessee in respect of alleged bogus purchases was more than the GROSS PROFIT declared in the normal purchases.

LLP (Relaxation in Additional Fee) Scheme 2020

March 20, 2020 2928 Views 0 comment Print

MCA vide its General circular No. 6/2020 dated 4th Day of March 2020 notify this scheme and this scheme would remain into force for a period of 3 months i.e. from 16th March 2020 to 13th June 2020. The objective of this scheme is to provide the one time relaxation in additional fees for filing […]

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