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Archive: 14 July 2020

Posts in 14 July 2020

Mahindra Lifespace denies ITC benefit to customers: NAA

July 14, 2020 735 Views 0 comment Print

Authority under Rule 133 (3) (a) of the CGST Rules, 2017 orders that the Respondent shall reduce the prices to be realized from the buyers of the flats of the above Project commensurate with the benefit of ITC received by him has been detailed above.

Foreign Trade Agreements

July 14, 2020 2454 Views 0 comment Print

Indian government has entered as well as in process of entering into trade agreements across both developed and developing markets including FTA with ASEAN/Srilanka, PTA with Peru, Afghanistan, MERCOSUR, CEPA with Korea and Japan, CECA with Singapore and Malaysia and similar possibilities with Canada, Australia, EU, China etc.

Merger of Partnership Firm with Company through scheme of Merger/Amalgamation

July 14, 2020 23091 Views 0 comment Print

The following question arose for consideration before Ahemdabad Bench of National Company Law Tribunal (NCLT), in a recent case Kediya Ceramics [IA No. 254/NCLT/AHM/2017 in CA(CAA) No. 95/NCLT/AHM/2017]  Whether a registered partnership firm, being a body corporate, can be treated as a company for the purpose of section 230-232 of the Companies Act, 2013? Hon’ble […]

Issues Faced in processing Manual GST Refund applications- RFD-01 A/B

July 14, 2020 636 Views 0 comment Print

The field officers have reported certain errors/issues in the RFD-01 B functionality. Since these issues were GSTN dependent ones and the same were taken up with GSTN for resolution. GSTN has recently fixed the following two errors/issues:

Provision of cashless facility to the policyholders

July 14, 2020 786 Views 0 comment Print

Attention is drawn to the provisions of regulation 31 (d) of IRDAI (Health insurance) Regulations, 2016 wherein every general and health insurance company shall endeavour to enter into agreements with adequate number of both public and private sector network providers across the geographical spread.

Setting up of Turant Suvidha Kendra (TSK) for faceless assessment

July 14, 2020 6864 Views 0 comment Print

Considering the benefits ushered in by providing single point interface, CBIC has decided to extend TSKs to all the Customs formations. Accordingly, TSK is being set up in JNCH with effect from 15.07.2020. This step is being taken in advance of the pan-India rollout of Faceless Assessment, which would be done in phases to be announced soon.

Setting up of Turant Suvidha Kendra (TSK) for faceless assessment-reg

July 14, 2020 2343 Views 0 comment Print

TSK is being set up in JNCH with effect from 15.07.2020. This step is being taken in advance of the pan-India rollout of Faceless Assessment, which would be done in phases to be announced soon. TSK would be a dedicated cell manned by Customs officer to cater to functions and roles mentioned below:

Cashless facility for treatment of Covid-19

July 14, 2020 828 Views 1 comment Print

The Authority is aware of reports that some hospitals are not granting cashless facility for treatment of Covid-19 despite such arrangements with the insurers. It is also brought to the notice of the Authority that some of these hospitals are also demanding cash deposits from the policyholders.

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