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Archive: March, 2020

Posts in March, 2020

SC dismisses Dept. SLP against HC permission to file Revised TRAN-1

March 2, 2020 6654 Views 0 comment Print

Union of India & Ors. Vs. Adfert Technologies Pvt. Ltd. (Supreme Court) In the case of Adfert Technologies Pvt. Ltd. Vs Union of India & Ors., Punjab & Haryana High Court) has  directed the Government to permit the Petitioners to file or revise where already filed incorrect TRAN-1 either electronically or manually statutory Form(s) TRAN-1 […]

Non-disposal of objections to re-opening of assessment are not mere procedural lapse

March 2, 2020 1437 Views 0 comment Print

Non-disposal of objections challenging the validity of re-opening of assessment under section 147 is not a mere procedural lapse but affects the jurisdiction of AO to pass assessment order under section 143(3) read with section 147.

Import of capital goods under EPCG Scheme was exempt from additional duty

March 2, 2020 17880 Views 1 comment Print

Prince Spintex Pvt. Ltd. Vs Union of India (Gujarat High Court) Chapter 5 of the Foreign Trade Policy, 2015-2020 makes provision for the EPCG Scheme, which is an incentive scheme. The incentive given is that the importer holding a valid authorisation for capital goods covered under the EPCG Scheme would be exempted from payment of […]

GST on renting of 2 BHK unit and dormitory

March 2, 2020 3216 Views 0 comment Print

In re Acharya Shree Mahashraman Chaturmas Pravas Vyvastha Samiti Trust (GST AAAR Karnataka) In the instant case, the Appellant had erected temporary accommodations at Kumbalagodu Village, Mysore Road, KengeriHobli, Bangalore North Taluk where the religious event was conducted. We find that the Appellant is not renting out ‘rooms’ but rather is renting out units of […]

GST on amount received from government departments for doing research work & study

March 2, 2020 14421 Views 0 comment Print

In re Atal Bihari Vajpayee Institute of Good Governance & Policy Analysis (GST AAR Madhya Pradesh) The amount recovered by the applicant from other government departments for doing research work and study, which help them make policies or understand its impact, shall be exempt subject to satisfaction of conditions laid down under Entry No. 3 […]

SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2020

March 2, 2020 888 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2020. 2. They shall come into force on the date of their publication in the Official Gazette.

SEBI (Infrastructure Investment Trusts) (Amendment) Regulations, 2020

March 2, 2020 681 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2020. 2. They shall come into force on the date of their publication in the Official Gazette.

GST on ex-factory inter-State supplies

March 2, 2020 10104 Views 0 comment Print

In re M/s. Penna Cement Industries Limited (GST AAR Telangana) In case of ex-factory inter-State sales affected by the applicant, the goods are made available by the supplier to the recipient at the factory gate, but this is not the point where movement terminates since the recipient subsequently assumes the charge for transportation of the […]

Online PAN based on Aadhaar

March 2, 2020 14157 Views 2 comments Print

In #budget 2020 speech, our FM came up with the news of online allotment of PAN based on Aadhaar details (online PAN). The mechanism is implemented in less than 2 weeks of time by the Income Tax Department. Let’s know about who can avail, conditions, steps and many more… Who can get the online PAN?? […]

GST on Ice cream, allied products & milk shakes served in parlour

March 2, 2020 18477 Views 0 comment Print

In re Sri Venkateshwara Agencies (GST AAR Telangana) Q1. Ice cream and ice cream allied products, milk shakes served in the parlour with or without adding ingredients like fruits or topping sauces according to the customer taste or requirements. Ans. For the period from 15.11.2017 to 30.09.2019 the supply falls under Sl.No. 7(i) of Not. […]

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