Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 – A scheme which was intended to substantially scale down pending litigations under IDT, led to litigation of its own Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 announced as Dispute Resolution cum Amnesty Scheme by Hon’ble Finance Minister, Smt. Nirmala Sitharaman on 05 July 2019 and inculcated in […]
Wider scope of litigation under sec 23(5) on real estate developers due to increase in years to sell (YTS) because of COVID-19 Pandemic It has been provided u/s 23(5) of the Income Tax Act,1961 that where the house property consisting of any building and land appurtenant thereto is held as stock-in-trade and the property or […]
As per notification of MSME dated 26.06.2020, Udyam Registration is the new process of MSME/UDYOG AADHAAR Registration launched by the Ministry of Micro, Small and Medium Enterprises effective from July 1, 2020.
CBIC amends notification No. 42/2015-Customs (ADD), dated 18th August 2015 to extend the levy of ADD on imports of Caustic Soda originating in or exported from China PR and Korea RP, for a period of three months i.e. upto 17th November, 2020 vide Notification No. 25/2020-Customs (ADD) dated 17th August, 2020. GOVERNMENT OF INDIA MINISTRY […]
Appointment of CAA in case of M/s Handen Climate Systems India Private Limited vide Notification No. 74/2020-Customs (N.T.) Dated 17th August, 2020. Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes and Customs) Notification No. 74/2020-Customs (N.T.) New Delhi, the 17th August, 2020 S.O. 2778(E).—In exercise of the powers conferred […]
CBIC appoints CAA in case of M/s Sanden Vikas India Private Limited vide Notification No. 73/2020-Customs (N.T.), Dated: 17.08.2020 Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes and Customs) Notification No. 73/2020-Customs (N.T.) New Delhi, 17the August. 2020 S.0. 2777(E).—In exercise of the powers conferred by Sub-section (1) of […]
Director-General of Anti-Profiteering Vs Lite Bite Travel Foods Pvt. Ltd (National Anti-Profiteering Authority) The application had been filed under Rule 128 of the CGST Rules 2017, alleging profiteering in respect of restaurant service supplied by the Respondent (Franchisee of M/s. Subway Systems India Pvt Ltd.). In the application. it was alleged that despite the reduction […]
If any entity has been formed for the lawful purpose it requires capital to carry out the business. Such Capital is infused by the Individual or Corporates by subscribing the shares of the entity, such shares have a nominal value which is to be paid by the subscriber as ‘Subscription Money’. These persons are termed as ‘Subscribers’. Subscribers are also considered as first shareholders of the company and later on members of the company.
In re IZ Kartex (GST AAAR West Bengal) From the facts of the case, it is seen that the IZ-Kartex named after Korobkov, the Russian company has entered into the MARC with BCCL. They have deployed DDP-N, an Indian company as the subcontractor. DDP-N in turn, issues invoice to the Russian company. Again, the Russian […]
Quarterly / Half Yearly / Annual Compliances under SEBI Listing Regulations 2015 (LODR) 1. Regulation 7 (3) – Compliance Certificate certifying maintaining physical & electronic transfer facility Within one month of end of each half of the financial year. The listed entity shall submit a compliance certificate to the exchange, duly signed by both that […]
