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Archive: 21 May 2020

Posts in 21 May 2020

Draft Indian Boiler (Second amendment) Regulations, 2020

May 21, 2020 2256 Views 0 comment Print

The following draft regulations to amend the Indian Boiler Regulations, 1950, which the Central Boilers Board proposes to make in exercise of the powers conferred by section 28 of the Boilers Act, 1923 (5 of 1923), is hereby publishe

Determination of Rental Payouts In Lock Down

May 21, 2020 1992 Views 2 comments Print

Ramanand & Others Vs Dr. Girish Soni and Another (Delhi High Court) Amidst the outbreak of COVID-19, An application for suspension of rent has been moved to Delhi High Court. It is pleaded that tenants are entitled to wavier of the monthly payouts or at least some partial relief in terms of suspension, postponement or […]

Notification No. 24/2020-Customs (N.T./CAA/DRI) dated 21.05.2020

May 21, 2020 630 Views 0 comment Print

Notification No. 24/2020-Customs (N.T./CAA/DRI) dated 21.05.2020 – Appointment of CAA by DGRI – reg Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 24/2020-Customs (N.T./CAA/DRI) New Delhi, dated 21.05.2020 S.O. (E). – In pursuance of notification No, 60/2015-Customs (N.T.), published vide number […]

Sub-ordination of officers appointed under MGST Act, 2017- Reg

May 21, 2020 726 Views 0 comment Print

Seeks to amend Notification No. GST. 1017/C.R. 94(B)/Taxation-1, Dated 21.6.2017 (regarding sub-ordination of the officers appointed under MGST Act, 2017) FINANCE DEPARTMENT Madam Cama Marg, Hutatma Raiguru Chowk, Mantralaya, Mumbai 400032, dated the 21 st May, 2020. NOTIFICATION MAHARASHTRA GOODS AND SERVICES TAX ACT, 2017. No. GST-1020 /C.R. 15A/Taxation 1.—In exercise of the powers conferred […]

Govt notifies Revisional Authority under section 108 of MGST Act

May 21, 2020 903 Views 0 comment Print

Seeks to authorizes the officers under MGST Act 2017, as the Revisional Authority for revision of decision or orders as referred in section 108 of MGST Act FINANCE DEPARTMENT Madam Cama Marg, Hutatma Raiguru Chowk, Mantralaya, Mumbai 400032, dated the 21 st May, 2020. NOTIFICATION MAHARASHTRA GOODS AND SERVICES TAX ACT, 2017. No. GST-1020 /C.R. […]

N95 Mask Prices Capped By Government

May 21, 2020 4041 Views 0 comment Print

‘National Pharmaceuticals Pricing Authority of India (NPPA) intervenes to bring down N95 prices. After NPPA isued an advisory to N 95 Manufacturers on 21st May 2020, major Manufacturer Venus introduced a hospital pack of 5 N95 masks and 5 surgical masks at Rs 395 Plus taxes. More Manufacturer to follow the advisory. NPPA expect Price […]

TDS under GST is applicable only for taxable supply contracts

May 21, 2020 10764 Views 0 comment Print

In re Mahalakshmi Mahila Sangha (GST AAR Karnataka) The supply of services made by the applicant in the form of supply of food and drinks to the educational institutions is covered under entry no. 66 of Notification No.12/2017-Central Tax (Rate) dated 28.06.2017 and entry 66 of Notification (12/2017) No. FD 48 CSL 2017 dated 29.06.2017 and […]

Some Relief from Section 269SU Applicability, but is that All?

May 21, 2020 2379 Views 0 comment Print

CBDT issued Circular No. 12/2020 clarifying that provisions of Section 269SU shall not apply, if: a) Specified person having only B-2-B transaction (i.e. no transaction with Retail customer/consumer) b) At least 95% of aggregate of all amounts received during previous year is from mode other than cash.

CBIC notifies Rate of Exchange of Foreign Currencies wef 22.05.2020

May 21, 2020 948 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against India Rupees wef 22.05.2020 vide Notification No. 46/2020-Customs (N.T.), Dated: 21st May, 2020. Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) ***** Notification No. 46/2020 – Customs (N.T.) New Delhi, dated the 21st May, 2020 31 Vaisakha 1942 […]

Report of IRDAI Working Group on Revisiting Guidelines on Trade Credit Insurance

May 21, 2020 885 Views 0 comment Print

IRDAI Working Group has proposed several changes in the existing guidelines in order to improve the credit insurance market and at the same time meet the requirements of various stakeholders involved in trade related transactions.

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