"28 July 2021" Archive

Papad is not limited to traditional round shape but can be of any desired shape & size

Impugned goods have all the characteristics and ingredients of Papad. Traditionally Papad were made manually in round shape however, due to advancement in technology, Papad does not limit to same age old traditional round shaped Papad but can be in any desired shape and size. Thus, Impugned goods are classifiable under HSN 19059040....

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Amendment in TN VAT Act for rectification of an anomaly is retrospective: HC

Nezone Tubes Limited Vs The Assistant Commissioner (CT) (Madras High Court)

The Petitioner contended that the amendment was effected by way of rectification of an anomaly and therefore, it cannot be construed as a new policy. Thus, the benefit of ITC granted pursuant to the amendment is to be extended so as to cover the transactions took place prior to the insertion of the amendment....

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Supply of Labour Services under GST Scenario

Under GST scenario supply of labour services is also an important issue. Prior to GST certain Supply of Labour Services were taxable under the Service Act, After introduction of the Goods and Services Tax Act,2017, most of the Supply of Labour Services are taxable.   So, we have to know how to handle Supply of Labour Services […...

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General Insurance Business (Nationalisation) Amendment Bill, 2021

Bill No. 115 of 2021 28/07/2021

General Insurance Business (Nationalisation) Amendment Bill, 2021 is introduced in Lok Sabha on 30th July 2021. General Insurance Business (Nationalisation) Amendment Bill, 2021, inter alia, provides for the following:— (i) to omit the proviso to section 10B of the Act so as to remove the requirement that the Central Government holds no...

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Approval required before issuance of Section 148 notice wef 1.4.2021

Four level of approvals are required before issuance of notice from specified authority . 1. Before conducting enquiry u/s 148A(a) 2. Before issuing notice under section 148A(b) 3. Before passing order under section 148A(d) 4. Before issuing notice under section 148 [proviso to section 148] In case where procedure under section 148A is no...

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No appeal against ITAT order to be entertained in absence of substantial question of law

PCIT Vs. Bell Ceramics Ltd. (Gujarat High Court)

Since the findings recorded by ITAT being findings of fact, the appeal could not be entertained in absence of any substantial question of law being involved in the same, therefore, appeal of authority was dismissed....

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GSTIN Validation Tool

This GSTIN VALIDATION TOOL V.1 is created to help the professionals and the article trainees in validating bulk GSTINS at one click. NOTE: 1. You can operate this tool in Microsoft Excel 2016, Excel 2019, or Excel for Microsoft 365. 2. This utility performs just structural validation of GST Number. It does not tell if entered […]...

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Intricacies around obtaining GST registration, issuance of revised tax invoices and availing of input tax credit for the period prior to date of registration

Intricacies around obtaining GST registration, issuance of revised tax invoices and availing of input tax credit for the period prior to date of registration Below is a brief discussion around obtaining GST registration, issuance of revised tax invoices and availing of input tax credit for the period prior to date of registration: Brief b...

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How to setup Branch office in India

A branch office setup is most suitable for person resident outside India who wants to extent their head office business in India also or need a temporary business setup in India. Most foreign companies use this mode to explore Indian market without having any long-term commitment. Eligibility for opening a Branch office A person resident ...

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Practical Aspects on Incorporation of Foreign Subsidiary Company In India & Indian Company Law on Names, Notary, Apostillation & Consularisation

Practical Aspects On Incorporation of Foreign Subsidiary Company In India and The Indian Company Law on Names, Notary, Apostillation and Consularisation The Indian Companies Act, 2013 (Act) allows the incorporation of Subsidiary Company of Foreign Company in India. The Subsidiary Company of Foreign Company means either controls the compos...

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