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Archive: 29 January 2021

Posts in 29 January 2021

HC Cancels Bail of Person allegedly involve in spurious & counterfeit drugs racket

January 29, 2021 2304 Views 0 comment Print

Torrent Pharmaceuticals Limited Vs State of Rajasthan  & Vinay Mangal (Rajasthan High Court) The Court below was swayed by the fact that the purchases were made by bills and the payment was made in the account of the seller. The Court below failed to consider the provisions of Section 19 of the Act of 1940 […]

Tariff Notification No. 08/2021-Customs (N.T.), Dated : 29.01.2021

January 29, 2021 1323 Views 0 comment Print

Tariff Notification No. 08/2021-Customs (N.T.), Dated : 29.01.2021 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver. Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 08/2021-CUSTOMS (N.T.) New Delhi, 29th January, 2021  10 Magha, 1942 […]

If agent been paid at ALP than existence of DAPE is wholly tax-neutral

January 29, 2021 597 Views 0 comment Print

ADIT Vs Asia Today Limited (ITAT Mumbai) It has not been the case of the revenue authorities at any stage that the remuneration paid to the Indian agent is not an arm’s length remuneration for the services rendered by the agents concerned, yet a prayer is now made that the matter should be sent back […]

ITC not eligible on construction of own building, rooms for leasing

January 29, 2021 1227 Views 0 comment Print

In re Indag Rubber Limited (GST AAAR Rajasthan) Appeal has been rejected. The appellant has constructed specific civil structure i.e. building, rooms and roads on his own plot to lease out the same on rent. It was held that construction is on his own a/c and also not covers in the definitions of plant & […]

Updating your FCPA ABC Program to keep up with definitions under Indian law

January 29, 2021 513 Views 0 comment Print

Updating your FCPA ABC Program to keep up with definitions under Indian law The primary way for an anti-bribery compliance (ABC) program to be effective is to be locally tailored, so that it isn’t alien to the jurisdiction it operates in. Importantly, in countries such as India, the anti-corruption law regime is witnessing frequent changes […]

GST on support services for research on Prevention of Epilepsy

January 29, 2021 2370 Views 0 comment Print

In re Vivaan Ventures (GST AAR Karnataka) (a) What will be the SAC applicable to the activities undertaken by M/s Vevaan Ventures? The services provided by the applicant, as explained earlier is not in connection with the diagnosis or treatment or care for illness and is related to support services for research and is covered […]

GST on diagnostic & treatment services rendered to Hospitals/Labs/biobanks registered outside India

January 29, 2021 2532 Views 0 comment Print

In re Dr. H.B. Govardhan (GST AAR Karnataka) (a) Is the applicant eligible to be registered under GST Act? The applicant is providing Business Promotion & Management Services, covered under SAC 9983 and are taxable as discussed at para 11 supra. The applicant being a service provider, as an intermediary, becomes a taxable person and […]

GST payable on manpower services to Kuvempu University

January 29, 2021 1413 Views 0 comment Print

Whether applicant should charge GST @ 18% for providing security guards and housekeeping services to Kuvempu University, Shivamogga? The applicant is liable to discharge GST @ 18% (9% CGST + 9% KGST) on forward charge basis for providing manpower services to Kuvempu University, Shivamogga.

GST on Manpower Services payable on Gross Amount

January 29, 2021 49899 Views 1 comment Print

In re KSF-9 Corporate Services Pvt. Ltd. (GST AAR Karnataka) Whether applicant should charge GST @ 18% for providing manpower service only on the services charges or on the total bill amount? The value of the taxable supply of manpower services is the transaction value equivalent to the bill amount which is inclusive of actual […]

Catching Few Rather than many Effective Tax Administration?

January 29, 2021 510 Views 1 comment Print

Tax revenues forms large part of government revenues. Government budgeted Rs. 16 lakh crore of tax revenues out of revenue receipts of Rs. 20 lakh crore for the year 2020-2021. Government levies and collects taxes in various forms. One common principle that everyone expects in any taxation system is that tax has to be paid […]

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