"18 June 2021" Archive

Admissibility of credit has to be considered at the time of receipt of input service

Shanti Construction Co Vs C.C.E. & S.T.-Rajkot (CESTAT Ahmedabad)

Explore the Shanti Construction Co vs. C.C.E. & S.T.-Rajkot case with CESTAT Ahmedabad. Delve into the nuances of service tax, Cenvat credit, and retrospective exemptions....

No excise under ‘deemed’ manufacture on ‘baby diapers’ or ‘sanitary napkins’

Y & Associates Vs Commissioner of Central Excise (CESTAT Mumbai)

Explore the Y & Associates vs. Commissioner of Central Excise case with CESTAT Mumbai. Delve into the intricacies of 'deemed' manufacture, excisability, and the legislative intent....

Compliance to be ensured by SEBI registered Investment Advisers

Circular No. SEBI/HO/IMD/IMD-I/DOF1/P/CIR/2021/579 18/06/2021

As per Regulation 14 of SEBI (Investment Advisers) Regulations 2013 , SEBI may inter-alia recognize any body or body corporate for the purpose of regulating Investment Advisers and delegate administration and supervision of the IAs on such terms and conditions as may be specified....

CESTAT warns Assistant Commissioner of Customs for collecting penalty without furnishing order copy to Appellant

K. J. Associates Vs Commissioner of Customs (CESTAT Bangalore)

Explore the legal battle of K.J. Associates against the Commissioner of Customs at CESTAT Bangalore. Dive into the intricacies of the case involving delayed issuance of orders, improper classification, and the release of confiscated goods....

Minimum Wages Rates from 01/04/2021 in Delhi

F.No. 12(142)/02/MW/VII/Partfile/2044-2055 18/06/2021

1-The Government of national capital territory (NCT) of Delhi has revised the minimum wages rates in scheduled employments under the minimum wages act,1948 in the national capital territory (NCT) of Delhi vide notification No-12(142)/02/mw/vii/3636 date 22.10.2019. 2- in the above-mentioned notification it was stipulated that the dearness...

Imported External/portable hard disk drive classifiable under Tariff Item 84717020

Rajendra Seksaria Vs CC(ACC & Import) Mumbai (CESTAT Mumbai)

Imported External/portable hard disk drive are classifiable under Tariff Item 8471 70 20 as Hard disk drives and not under Tariff Item 8471 70 30. Therefore we are of the considered opinion that the instant issue about classification of External/Portable Hard Disc Drives is no more res integra and the appellants have rightly classified th...

COVID Relief Measures – Reduction in GST rate of specified items – Impact on Rate of Tax, ITC & MRP

Introduction Coronavirus (COVID-19), a virus that grew stealthily from the end of 2019 has become one of the deadliest viruses that is killing people worldwide. The normal life in India was disrupted due to lockdown, restrictions on commutation etc. due to covid. It affected almost all the industries in India and the second wave of [&hell...

Posted Under: Service Tax |

Guidance Notes On Mentioning Of HSN & SAC Codes

Guidance Notes On Mentioning Of HSN & SAC Codes And Furnishing The Details Of Nil Rated, Exempted, And Non GST Supplies In FORM GSTR-1w.E.F.1.4.2021-Reg Guidance Notes on supply of Exempted Goods and Services- Whether Mandatory to mention HSN Code &SAC Code on Invoice – How and Where to mention such supply of Exempted Goods and ...

Posted Under: Service Tax |

Highlights of recent Relaxation in Late Fees & Interest under GST

a. Applicable only if GSTR-3B returns for these tax periods are furnished during the period between 01.06.2021 to 31.08.2021; b. Late fee capped to a maximum of Rs 500/- (Rs. 250/- each for CGST & SGST) per return for taxpayers, who did not have any tax liability for the said tax periods;...

Posted Under: Service Tax |

Representation on problems/ issues in new Income Tax Portal

DTPA Representation Committee has made a representation to  Mrs. Nirmala Sitharaman, Hon’ble Finance Minister on Representation on problems/ issues in new Income Tax Portal. Full text of the same is as follows:- DIRECT TAXES PROFESSIONALS’ ASSOCIATION Income Tax Building, 3, Govt. Place West, Ground Floor, Kolkata 700001 Ph 033-22420...

Posted Under: Service Tax |