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Archive: 21 August 2020

Posts in 21 August 2020

Equity Shares Vs. Preference Shares under Companies Act 2013

August 21, 2020 43371 Views 3 comments Print

Every company has its own capital structure like: – – Share capital – Debt funds – Reserves and Surplus Shares can be of two different types: Equity Shares:- Equity Shares are the main source of raising the funds for the firm. All equity shareholders are collectively owners of the company and they have the authority […]

Section 171(3A) Anti-Profiteering penalty cannot be imposed retrospectively

August 21, 2020 510 Views 0 comment Print

Kerala State Screening Committee on Anti-Profiteering Vs M/s VTWO Ventures (National Anti-Profiteering Authority) It has been revealed that the Respondent has not passed on the benefit of reduction in GST rate from 28% to 18% w.e.f 15.11.2017 to 31.08.2018 and hence, the Respondent has violated the provisions of Section 171 (1) of the CGST Act, 2017. […]

Anti-dumping investigation of imports of ‘Soda Ash- Reg.

August 21, 2020 1374 Views 0 comment Print

Preliminary Findings in the matter of anti-dumping investigation concerning imports of ‘Soda Ash’ originating in or exported from Turkey and USA.

Safeguard investigation of imports of Single Mode Optical fibre- Reg.

August 21, 2020 474 Views 0 comment Print

Safeguard investigation concerning imports of Single Mode Optical fibre in to India – Final Findings – Proceedings under Customs Tariff Act, 1975 and the Custom Tariff (identification and Assessment of Safeguard) Rules, 1997

Food Safety & Standards (Packaging and Labelling) First Amendment Regulations, 2020

August 21, 2020 4836 Views 0 comment Print

(1) These regulations may be called the Food Safety and Standards (Packaging and Labelling) 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, 2022. Compliance before this date shall be voluntary.

CBIC extends levy of ADD on imports of Acrylonitrile Butadeine Rubber

August 21, 2020 597 Views 0 comment Print

CBIC amends notification No. 46/2015-Customs (ADD), dated 4th September 2015 to extend the levy of ADD on imports of Acrylonitrile Butadeine Rubber originating in or exported from Korea RP, for a period of three months i.e. upto 3rd December, 2020 vide Notification No. 27/2020-Customs (ADD) [G.S.R. 520(E)], Dated: 21.08.2020. MINISTRY OF FINANCE (Department of Revenue) […]

Anti-dumping duty on imports of Phosphoric Acid

August 21, 2020 2409 Views 0 comment Print

CBIC imposes anti-dumping duty on the imports of Phosphoric Acid of all grades and concentrations (excluding Agriculture or Fertilizer grade), originating in or exported from Korea RP for a period of five years vide Notification No. 26/2020 -Customs (ADD) dated 21st August, 2020. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 26/2020 […]

National strategy for Financial Education 2020-2025

August 21, 2020 2388 Views 0 comment Print

Based on the review of progress made under the National Strategy for financial education 2013-18 and keeping in view the various developments that have taken place over the last 5 years, notably the Pradhan Mantri Jan Dhan Yojana (PMJDY), the National Centre for Financial Education (NCFE) in consultation with the four Financial Sector Regulators and […]

Offences & Penalties | Section 129 | CGST ACT 2017

August 21, 2020 57963 Views 7 comments Print

Section 129 provides for the basis relating to detention of goods or conveyances or both in case of certain defaults under GST law. Detention means keeping or holding back either by force or otherwise; Confiscation means to appropriate to the Government account Seizure means to take forcible possession of.

Fake GST Invoices – HC reduces Bail bond for accused

August 21, 2020 1284 Views 0 comment Print

Ranjit Singh Vs State of Haryana (Punjab and Haryana HC) This Court is of the opinion that since the maximum punishment which can be awarded is upto 5 years and the petitioner has almost undergone a period of one year having been arrested on 06.09.2019. The onerous conditions would thus violate Article 21 of the […]

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