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Archive: 13 July 2021

Posts in 13 July 2021

CBDT Chairman to Speak on 15th July, 2021 on Youtube & Facebook

July 13, 2021 1245 Views 0 comment Print

Inaugural Session of Samvaad with Chairman, CBDT– The Chairman Speak on 15th July, 2021 at 01:00 PM – Streaming on Official YouTube Channel and Facebook Page of the Department

Mumbai: BMC chief writes to state govt, seeks exemption from RT PCR Test Report for fully vaccinated Domestic passengers

July 13, 2021 678 Views 0 comment Print

The BMC commissioner Iqbal Singh Chahal in a letter sent to chief secretary of Maharashtra on Tuesday has sought exemption from the RT-PCR test for fully vaccinated domestic passengers. Full text of his letter is as follows:- No. MGC/F/4786 Date 13 /07/2021 To, Hon’ble Chief Secretary, Government of Maharashtra Mantralaya, Mumbai-400032. Sub :- Exemption from […]

HC admits writ challenging constitutional of Section 2(6) of IGST Act, 2017

July 13, 2021 1368 Views 0 comment Print

Koenig Solutions Pvt. Limited Vs Union of India & Ors. (Delhi High Court) Present writ petition has been filed challenging the constitutional validity under Section 2(6) of the Integrated Goods and Services Act, 2017 (‘IGST Act’) regarding ‘export of services’. Petitioner also seeks a declaration that the amount received in convertible foreign exchange from foreign […]

Shri Rao Inderjit Singh takes charge as Union Minister of State in Ministry of Corporate Affairs

July 13, 2021 816 Views 0 comment Print

Shri Rao Inderjit Singh took charge as Union Minister of State in the Ministry Corporate Affairs (MCA), here today. Before taking charge as Union Minister of State for MCA, Shri Singh already holds Union Minister of State (Independent Charges) for Ministry of Statistics and Programme Implementation as also for the Ministry of Planning.

No penalty in absence of evidence for abetment for fraudulent export of goods

July 13, 2021 948 Views 0 comment Print

Smt. Sushma Vs Commissioner of Customs (CESTAT Delhi) Conclusion: Penalty against a Late Customs Inspector for the charges for abetment for fraudulent export of goods was deleted as there was no evidence produced by the department which might prove that assessee ever instigated or conspired or intentionally aided Shri Sajjan Kumar to fraudulently export the hand […]

How to make correction in Entity Master Form (EMF)

July 13, 2021 24402 Views 1 comment Print

Reserve Bank of India (RBI) has made an announcement in its FIRMS Portal that there have been various instances where the company has provided incorrect entity details to RBI in Entity Master Form (EMF). This issue has been frequently observed by RBI in respect of listed companies and where the Depository Receipts have been converted […]

Cancellation or Suspension & Revocation of GST Registration

July 13, 2021 99723 Views 7 comments Print

Cancellation of GST Registration means the permanent closure of the GSTIN in some circumstances such as closure/transfer/change in constitution of the business etc. and it can be applied by filing an application on the GST Portal and by the Proper officer Suo-moto in the circumstances such as non-filing of returns, fraud, contravention of provisions of […]

Re-Export of Warehoused Goods to Nepal & Bhutan

July 13, 2021 7818 Views 0 comment Print

Re‐export is sending back goods imported for specific purposes like jobbing, execution of a contract, servicing/repairing of machineries, display in fair/exhibition etc. It also happens when indigenously manufactured goods were returned back after export and re‐imported for repairing/reprocessing etc. due to reasons such as defective, not meeting buyer’s requirement etc. Re-Export of Goods may also […]

Delhi HC order sets aside faceless assessment order as no SCN or draft assessment order was issued

July 13, 2021 2385 Views 0 comment Print

The record presently placed before the Court would show that though no show cause notice-cum-draft assessment order was issued, yet several opportunities had been granted by the respondents/revenue to the petitioner, before the said date, to explain its case.

Issues of GST Amnesty Scheme

July 13, 2021 2175 Views 1 comment Print

Arjuna (Fictional Character): Krishna, Government has announced the GST Amnesty Scheme 2021, in the 43rd GST Council meeting. Krishna (Fictional Character): Arjuna, in that scheme the Government has provided relief to the taxpayers whose GSTR-3B returns were pending from July-2017 to April-2021. The relief has been provided by reducing the late fees to Rs.500/- per […]

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