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Archive: 04 August 2021

Posts in 04 August 2021

HC Quashed Assessment Order passed without providing an opportunity of hearing to Assessee

August 4, 2021 3648 Views 0 comment Print

Jaffaorulla Syeaadunnishaa Vs ACIT (Madras High Court) Jaffaorulla Syeaadunnishaa (the Petitioner) challenged an assessment order dated December 24, 2019 (Assessment Order) under Section 144 of the Income tax act (IT Act) for being in violation of principles of natural justice and against the Circular dated December 26, 2019. The Petitioner was issued a show cause […]

Apple Home Pod classifiable under TI 8517 6290: AAR Customs

August 4, 2021 1605 Views 0 comment Print

In re Apple India Private Limit (Custom Authority for Advance Ruling, Mumbai) Considering the attributes of the device in question, which is capable of receiving voice commands, covert such voice commands into text to perform multiple tasks, e.g., stream music from the internet or another Apple device, retrieve information available in the net like weather, […]

Service tax refund cannot be denied on Legal Export of goods although procured through illegal means

August 4, 2021 1185 Views 0 comment Print

V.V. Minerals [100% EOU] Vs Commissioner of GST & CE (CESTAT Chennai) Unless there Is any provision to the contrary, the charging sections of the tax laws apply to illegal acts as they apply to legal acts and therefore tax is leviable notwithstanding that action for the illegal actions may be taken under some other […]

Procedural irregularity in ISD distribution is revenue neutral & will not effect substantive right of appellant

August 4, 2021 2640 Views 0 comment Print

Maini Precision Products Ltd Vs Commissioner of Central Tax (CESTAT Bangalore) In the present case, the learned Commissioner has confirmed the demand of CENVAT credit on the grounds that the appellant has failed to distribute the credit to its various units regarding common input service. The defence of the appellant that after the implementation of […]

Transportation of used personal vehicle exempt from e-way bill requirement

August 4, 2021 2607 Views 0 comment Print

Detention of the ‘Range Rover’ motor vehicle while being transported from Coimbatore to Thiruvananthapuram as ‘used personal effect’. The vehicle was detained on the allegation that it was transported without the E-way bill as contemplated under Rule 138 of the Kerala Goods and Service Tax Rules, 2017

Recent Updates In GST till 3rd August 2021

August 4, 2021 11292 Views 0 comment Print

Post Covid-19 second wave, it has become imperative to reassess growth estimates for the current fiscal. Second wave was less destructive as production and logistics faced less destruction. This was supplemented by enhanced vaccination efforts leading to increase in pace of economic activities. Besides, various initiatives such as privatization of enterprises, asset monetization, production linked […]

E-RUPI – New Contactless Digital Payment system

August 4, 2021 1737 Views 0 comment Print

The new turn in the digital payments ‘E-RUPI’ launched by Indian Government on 2nd August 2021 which jointly developed by many Government agencies, E-RUPI is Contactless digital Platform to enable payments at any place in country, this Facility will provide users to get prepaid vouchers of the desired amount to complete the payment with the merchants accepting E-RUPI

Commercial Arbitration in India compared to Singapore

August 4, 2021 7257 Views 0 comment Print

This study is focused on the effectiveness and practical implication of the arbitration between the two and also get better knowledge about the arbitration in Singapore and what are the things which India is lacking. This comparative study will give help to understand more clearly the difference.

Analysis: SEBI (LODR) (Third Amendment) Regulations, 2021

August 4, 2021 9093 Views 0 comment Print

SEBI (LODR) (Third Amendment) Regulations, 2021 Notification No. SEBI/LAD-NRO/GN/2021/35 Dtd. 3rd August, 2021  The SEBI has notified a new set of regulations to amend the existing SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 which shall come into force as on the date of its publication in the Official Gazette. Sr. No. Amendment Effect 1 Substitution: […]

Analysis: SEBI (Investment Advisers) (Third Amendment) Regulations, 2021

August 4, 2021 582 Views 0 comment Print

SEBI (Investment Advisers) (Third Amendment) Regulations, 2021  Notification No. SEBI/LAD-NRO/GN/2021/34 Dtd. 3rd August, 2021 The SEBI has notified a new set of regulations to amend the existing SEBI (Investment Advisers) Regulations, 2013 which shall come into force as on the date of its publication in the Official Gazette. Sr. No. Amendment Effect 1  Substitution: Regulation […]

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