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Archive: July, 2021

Posts in July, 2021

HC Allowed refund of IGST paid on ocean freight

July 13, 2021 2076 Views 0 comment Print

To issue appropriate writ/order/direction to the effect declaring Sr. No. 9(ii) of the Notification No. 8/2017-Integrated Tax (Rate) dated 28.06.2017 to be an unconstitutional and ultra-vires to the provisions of the Integrated Goods and Service Tax Act, 2017 to the extend it prescribe rate for levy of Integrated-tax on services by way of transportation of goods by vessel from a place outside India, up to custom station of clearance of India, where service provider i.e. supplier of service and service recipient i.e. recipient of service both are located in non taxable territory i.e. Outside India;

Initiatives under “Make in India” and “Startup” Programmes

July 13, 2021 660 Views 0 comment Print

Ministry of Commerce & Industry Initiatives under “Make in India” and “Startup” Programmes; Make in India initiative focuses on 27 sectors under Make in India 2.0. ‘Startup India’ initiative generates more than 26000 employment in Tamil Nadu in three years Posted On: 23 JUL 2021 5:04PM by PIB Delhi ‘Make in India’ is an initiative […]

Government takes various initiatives to boost Industrial Manufacturing

July 13, 2021 453 Views 0 comment Print

Government of India has taken several steps to improve the quality standards of products manufactured under the AatmaNirbhar Bharat Campaign. These inter alia include:

Rajasthan HC struck down GST on Ocean Freight

July 13, 2021 1761 Views 0 comment Print

Mahesh Vegoils Private Limited Vs Union Of India (Rajasthan High Court) Petitioner has filed the petition under Article 226 of the Constitution of India seeking following reliefs:- “a. To issue appropriate writ/order/direction to the effect declaring Sr. No. 9(ii) of the Notification No. 8/2017-Integrated Tax (Rate) dated 28.06.2017 to be an unconstitutional and ultra-vires to the […]

Rajasthan HC struck down GST on Ocean Freight- Followed Mohit Mineral

July 13, 2021 2496 Views 0 comment Print

Lakhpat Trading And Industrys Private Ltd. Vs Union Of India (Rajasthan High Court) Petitioners have filed the petition under Article 226 of the Constitution of India seeking following reliefs:- “(i) Section 9 of the Constitution (One Hundred and First Amendment) Act, 2016 in so far as the same introduced Explanation to Clause 1 of Article […]

Delhi HC stays section 148 proceedings through a reasoned order

July 13, 2021 2412 Views 0 comment Print

Mudra Finance Limited Vs ITO (Delhi High Court) Petitions have been heard by way of video conferencing. Present writ petitions have been filed challenging t he notices dated 09th June, 2021, 30th June, 2020 and 28th June, 2020 issued in W.P. (C) 6442/2021, 6443/2021 and 6451/2021 respectively by respondent No.1 under section 148 of the Income Tax […]

Business Services by ‘Airbus group India’ carried out in India to be classified as ‘Intermediary Service’- Karnataka AAR

July 13, 2021 1782 Views 1 comment Print

Business Services by ‘Airbus group India’ carried out in India to be classified as ‘Intermediary Service’- Karnataka AAR This post provides an update about the recent decision of Karnataka Authority for Advance Ruling (‘AAR’) in the case of Airbus Group India Private Limited (AAR No KAR ADRG 31/2021) (“The Applicant”). This AAR deals with one […]

Software Exports- Need For Filing SOFTEX By NSTPI

July 13, 2021 22335 Views 2 comments Print

Physical exports of goods are well monitored by the customs authorities. They are exported from various ports sea, air or though post, where the value of the goods exported are assessed. Proper Documentation of such exports are done so that the proof of export and the value is determined. Remittance is also received based on […]

Know about Start-Up

July 13, 2021 3348 Views 0 comment Print

Know about Start-Up Start-up India has gained momentum since it was announced by Government of India in the year 2016. The initiative was focused on the growth of start-up business and to encourage innovation and design. Conditions for an eligible Start-up  Registered up to 10 years from the date of incorporation Is a private limited […]

RBI as a regulator to FEMA

July 13, 2021 10047 Views 0 comment Print

Foreign Exchange Management Act, 1999 (FEMA) which was enacted by the Parliament has replaced the Foreign Exchange Regulations Act, 1973. 1st June, 2000 was the day when FEMA came into effect. Exchange Control of India since 1939 felt the importance of foreign exchange reserves as there was a huge shortage of it. Various rules for the system of exchange control became a necessity and were brought under the Defense of India Act, 1939.

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