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Archive: 19 August 2021

Posts in 19 August 2021

Whether ITC is not available to Sub Contractor on goods purchased on own account for Works Contract Services

August 19, 2021 6045 Views 0 comment Print

In M/s. Karthikeya Projects [AAR No.09/AP/GST/2021 dated January 19, 2021], M/s. Karthikeya Projects (Applicant) being a sub-contractor providing works contract service has sought an advance ruling on whether he can avail Input Tax Credit (ITC) on the purchases made on their own account, for furtherance of the business. The Hon’ble Andhra Pradesh Authority for Advance […]

Govt reduces BCD on Crude/Refined Soya/Sunflower Oil

August 19, 2021 459 Views 0 comment Print

Seeks to amend Notification number 34/2021- Customs dated 29.06.2021, for reduction in the BCD on Crude Soya Oil [1507 10 00] from 15% to 7.5%; Crude Sunflower Oil [1512 11 10] from 15% to 7.5%; Refined Soya Oil [1507 90 10] from 45% to 37.5%; Refined Sunflower Oil [1512 19 10] from 45% to 37.5%, […]

Factoring Regulation (Amendment) Act, 2021 applicable from 23.08.2021

August 19, 2021 612 Views 0 comment Print

Central Government hereby appoints the 23rd day of August, 2021, as the date on which the provisions of Factoring Regulation (Amendment) Act, 2021 shall come into force. MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 19th August, 2021 S.O. 3406(E).––In exercise of the powers conferred by sub-section (2) of section 1 of […]

Designation of Special Courts at ‘Ranchi’ under Company Law

August 19, 2021 510 Views 0 comment Print

Chief Justice of the High Court of Jharkhand hereby designates Court of Sub-Divisional Judicial Magistrate at Ranchi as Special Court for the purposes of providing speedy trial of offences under clause (b) of sub-section (2) of section 435 of the Companies Act, 2013. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 19th August, 2021 S.O. […]

In a best judgement assessment the AO has to make guesswork but honest guess work

August 19, 2021 8424 Views 0 comment Print

The officer is to make an assessment to the best of his judgment against a person who is in default as regards supplying information. He must not act dishonestly or vindictively or capriciously because he must exercise judgment in the matter. He must make what he honestly believes to be a fair estimate of the […]

Anti-dumping investigation concerning imports of “Polyester Yarn

August 19, 2021 1575 Views 0 comment Print

Case No. OI – 09/2020 Anti-dumping investigation concerning imports of Polyester Yarn (Polyester Spun Yarn) originating in or exported from China PR, Indonesia, Nepal and Vietnam.

National Commission For Homoeopathy (Amendment) Act, 2021

August 19, 2021 1041 Views 0 comment Print

National Commission For Homoeopathy (Amendment) Act, 2021 is An Act to amend section 58 of the National Commission for Homoeopathy Act, 2020

National Commission for Indian System of Medicine (Amendment)Act, 2021

August 19, 2021 1086 Views 0 comment Print

National Commission for Indian System of Medicine (Amendment) Act, 2021 and Act to amend section 58 of National Commission for Indian System of Medicine Act, 2020

Constitution (One Hundred and Fifth Amendment) Act, 2021

August 19, 2021 606 Views 0 comment Print

(1) This Act may be called the Constitution (One Hundred and Fifth Amendment) Act, 2021. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

HC lifts Provisional GST assessment as no Section 73 & 74 proceedings were pending

August 19, 2021 2670 Views 1 comment Print

Powers under Section 83 of the GST Act with regard to provisional attachment could be exercised only during pendency of proceedings either under sections 62 or Section 63 or Section 64 or Section 67 or Section 73 or Section 74.

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