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Archive: 23 July 2020

Posts in 23 July 2020

Food Safety and Standards (Food Products Standards and Food Additives) First Amendment Regulations, 2020

July 23, 2020 2508 Views 0 comment Print

1. (1) These regulations may be called the Food Safety and Standards (Food Products Standards and Food Additives) First Amendment Regulations, 2020. (2) They shall come into force on the date of their publication in the Official Gazette and Food Business Operator shall comply with all the provisions of these regulations by 1st January, 2021.

Company Secretary- Definition, Appointment, Roles, Responsibilities, Opportunities 

July 23, 2020 109914 Views 3 comments Print

COMPANY SECRETARY A Company Secretary is not just an employee of the Company, he can take a corporate to the highest level with his capabilities and expertise knowledge in the Corporate Laws. He is not just the master of Company Law but also he knows the Interpretation of Law. So, he can become the master […]

NAA detects Profiteering in supply of ‘Duracell Battery’

July 23, 2020 1521 Views 0 comment Print

D.S. Brothers Vs Durga Marketing Pvt. Ltd. (NAA) The brief facts of the case are that an application was filed by the Applicant No. 1 before the Standing Committee on Anti-profiteering, under Rule 128 of the CGST Rules, 2017 alleging profiteering by the Respondent in respect of the supply of “Duracell Battery AA/6” (hereinafter referred […]

Supply of customized software was not “Royalty: ITAT Delhi

July 23, 2020 1560 Views 0 comment Print

Aspect Software Inc Vs DCIT (ITAT Delhi) Consideration received by the Assessee for supply of product along with license of software to End user is not royalty under Article 12 of the Tax Treaty. Even where the software is separately licensed without supply of hardware to the end users (i.e. eight out of 63 customers), […]

Eligibility for inputs tax credit on Demo Vehicles

July 23, 2020 2469 Views 0 comment Print

Eligibility for inputs tax credit on Demo Vehicles can not be decided on the basis of their capitalisation, or payment of GST at the time of their sale in the subsequent year.

ITC not available on Demo vehicles purchased for furtherance of business

July 23, 2020 1344 Views 0 comment Print

Khatwani Sales And Services LLP (GST AAR Madhya Pradesh) Applicant is not eligible for Input Fax Credit on Demo vehicles purchased for furtherance of business, in view of barring provisions of clause (a) of sub-section (5) of Section 17 of GST Act, 2017, as they are not covered by any of the exceptions given in […]

GST under RCM on salary to Directors- AAR allowed application withdrawal

July 23, 2020 1341 Views 1 comment Print

In re Man Structurals (P) Ltd. (GST AAR Rajasthan) Whether GST is payable under Reverse Charge Mechanism (RCM) the salary paid to Directors of the company who is paid salary as per employment contract? We observe that Shri Madhu Sudan Sharma, authorized representative of the applicant, submitted a letter dated 29.06.2020 addressed to this authority […]

GST on Tour Operator services to Main Tour Operator

July 23, 2020 12879 Views 2 comments Print

In re Crown Tours & Travelers (GST AAR Rajasthan) Whether the rate of 5% under heading 9985(i) is applicable on transaction which the Applicant intents to undertake wherein a single invoice is raised in respect of all the services i.e. local transportation services along-with services like sightseeing, tour guide, elephant ride etc., provided by the  […]

Section 50C not applies if Market Value of Property reduced due to Defect in Property Title

July 23, 2020 5391 Views 0 comment Print

The issue under consideration is whether the provisions of section 50C of the Act can be applied in cases where the market value of the property is reduced due to the defect in the title of the property?

No detention when invoices not bearing continuous serial number

July 23, 2020 1638 Views 0 comment Print

Devices Distributors Vs Asst. State Tax Officer (Kerala High Court) The Kerala High Court has set aside the detention of goods in a case where the department had objected that the invoices accompanying the goods did not bear continuous numbers and hence the invoices with serial numbers falling between could have been used for transportation […]

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