The Hon’ble Gujarat AAR, in the matter of M/s Amneal Pharmaceuticals Pvt. Ltd. [Advance Ruling No. GUJ/GAAR/R/51/2020, dated July 30, 2020] recently held that GST at the rate of 18% is applicable on recovery of notice pay from the employees who leave the company without completing the notice period as per the appointment letter. Facts: […]
Constitution Talk—Provisions that impact our lives IS THE “RIGHT TO PROPERTY A FUNDAMENTAL RIGHT UNDER OUR CONSTITUTION? 1. PART III of our Constitution in Articles 12 to 30 guarantees to us the set of Fundamental Rights. 2. The subject being too vast to cover in one Article, I am dealing with only the Banks Nationalisation […]
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA Ref. No: IRDAI/HLT/ORD/Misc/010/01/2021 Date:13-01-2021 ORDER Re: Constitution of Health Insurance Advisory Committee 1. Health Insurance in India has grown significantly in recent years and is expected to continue in the coming years. Insurance Industry is offering various products/services to cater to the needs of the society and also […]
All the insurers are directed to ensure that the Reimbursement claims under a health insurance policy shall be settled as per the terms and conditions of the respective policy contract. Hence, the insurers shall honor all the health insurance claims as per the terms and conditions of the policy contract.
At this stage, we may only observe that the CBDT may consider issuing an appropriate circular taking a lenient view as regards the consequences of late filing of the Tax Audit Reports as provided under Section 271B of the Act. We leave it to the better discretion of the CBDT in this regard.
Where the implication of a person was for a non-bailable offence, he could apply for anticipatory bail. If the applicant cooperated with the inquiry, there was no requirement of his arrest. Assessee was having his own address of residence and business. He could give surety ensuring his appearance. Therefore, he deserved to be granted limited protection for the purpose of conclusion of inquiry by the Proper Officer. Thus, Allahabad High Court granted the anticipatory bail to a person alleged of GST evasion to the tune of Rs.100 Crores.
Commissioner of Customs Vs Aditya Birla Nuvo Ltd. (Karnataka High Court) Conclusion: Imported material could be disposed of or utilized in any manner including local sale once the export obligations were fulfilled and the only requirement as per condition No.(vii) was that such inputs should not be sold or transferred in the market. In other words, […]
What to do when the stock market crashes? In the recent years, people have eventually realised that along with savings, investment becomes very necessary. As the daily expenses of people are increasing, they have realised that, there is a need to increase their investments as well. Also, as people are getting more educated they understand […]
Vellanki Frame Works Vs Commercial Tax Officer (Supreme Court) Supreme Court held that, we are clearly of the view that the claimed exemption under Section 5(2) of the CST Act has rightly been denied to the appellant and the High Court has been justified in dismissing the writ petitions filed by the appellant. The High […]
A. INTRODUCTION: COVID-19 affected the entire world making no difference between the rich and the poor, between the strong and poor nations. Wealth could not avoid the catastrophe and could not also guarantee a good life. Well laid rules of economics were tested. The well-established health care systems of advanced nations were also severely tested […]
