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Archive: 26 August 2020

Posts in 26 August 2020

Implications of AI on the Indian Economy

August 26, 2020 1056 Views 0 comment Print

NASSCOM, a not-for-profit industry association, is the apex body for the 180 billion dollar IT BPM industry in India, an industry that had made a phenomenal contribution to India’s GDP, exports, employment, infrastructure and global visibility. In India, this industry provides the highest employment in the private sector.

Discussion Paper on Corporate Liquidation Process

August 26, 2020 1509 Views 0 comment Print

Resources are scarce and have competing requirements. Further, the market and organizational failures do happen in a dynamic market conditions, requiring the reallocation of capital from inefficient to efficient uses and redeployment from failing companies to the ones which have better ideas about the ways and means to enhance the efficiency of the scarce capital.

GST refund: HC instructs revenue to pass appropriate order

August 26, 2020 1128 Views 0 comment Print

Having heard learned counsels appearing for the parties, without any opinion on merits of the show cause notice dated 11.1.2020 issued by respondent authorities to the petitioner, at this stage, interest of justice would be served, if the concerned respondent authorities shall hear the petitioner on the issue of show cause notice and after hearing the petitioner, pass necessary orders.

Cash can be Seized in GST Search Since Its Included in Definition of ‘Things’

August 26, 2020 4350 Views 0 comment Print

The issue under consideration is whether seizure of the cash amount to the tune of Rs 66 lakhs by Senior Intelligence Officer at the time of Search Operation is justified in law?

Geographical Indications of Goods (Registration and Protection) (Amendment) Rules, 2020

August 26, 2020 1524 Views 0 comment Print

An application for registration of authorized user under section 17 may be made to the Registrar in Form GI-3 accompanied by a statement of case as to how the applicant claims to be the producer of the registered geographical indication.

Reporting of violations under SEBI Insider Trading Regulations

August 26, 2020 3531 Views 0 comment Print

SEBI vide Gazette Notification No. SEBI/LAD-NRO/GN/2020/23 dated July 17, 2020, has further amended the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations).

जीएसटी ब्याज का प्रावधान – एक गंभीर विषय

August 26, 2020 5067 Views 1 comment Print

जीएसटी की एक और विवादास्पद अधिसूचना जारी  जीएसटी की एक और विवादास्पद अधिसूचना संख्या 63/2020 दिनांक 25 अगस्त 2020 जारी की है जिसके अनुसार जीएसटी में नेट टैक्स पर ब्याज लगाने का प्रावधान अब 1 सितम्बर 2020 से लागू होगा जब कि प्रारम्भ से ही यह प्रावधान ग्रॉस टैक्स पर लगने वाले ब्याज का प्रावधान […]

GST rates on Real Estate

August 26, 2020 190341 Views 17 comments Print

Types of Real Estate Transactions: These are the following types of transactions which can take place in Real Estate Sector: 1. Supply of immovable properties (Commercial/ Residential) before completion. 2. Supply of immovable properties (Commercial/ Residential) after completion. 3. Sale of Land (Agricultural/ Commercial/ Residential). 4. Sale of rights arising out of land (e.g. TDR, […]

Job work related matters under GST with FAQs

August 26, 2020 9669 Views 0 comment Print

Principal is registered person who sends inputs/capital goods to a job worker for carrying out the job work. The GST law makes special provisions with regard to removal of goods for job work and receiving back the goods after processing from the job worker without payment of GST. Section 2(68) of the CGST Act, 2017 […]

RBI: Framework for authorization of pan-India Umbrella Entity for Retail Payments

August 26, 2020 939 Views 0 comment Print

RBI informed us on 18th August 2020, that it has placed on its web site a framework for authorization of pan-India umbrella entity for retail payments which was released after due deliberations on the basis of comments/feedback received for its draft framework for authorization of pan-India umbrella entity for retail payments which was placed on […]

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