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Archive: 24 August 2021

Posts in 24 August 2021

Top-5 Factors to Evaluate Before Opening a Fixed Deposit Account

August 24, 2021 5052 Views 2 comments Print

Fixed deposit is the most popular investment instrument in India. Any Indian citizen can invest in fixed deposits and get assured returns. People usually invest in fixed deposits to fulfill significant financial goals like house construction, motor vehicle purchase, wedding, higher education, etc. A fixed deposit can also help you plan your retirement efficiently.

Money 2.0 | Taxation of Cryptocurrencies | Income Tax Perspective

August 24, 2021 7452 Views 0 comment Print

As per Investopedia, a cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. A defining feature of cryptocurrencies is that they are generally not issued by any central governmental authority and thus immune to government interference or manipulation.

Refund of Service Tax was allowed with Interest allowed on export

August 24, 2021 2292 Views 0 comment Print

d. Held that the department has committed an error to reject the CENVAT Credit and there lies no power or jurisdiction with the lower authority to re-adjudicate the matter again. Refund Claims of the Appellant thereby allowed.

Lassi is Exempted under GST

August 24, 2021 3444 Views 0 comment Print

In M/s. Sampoorna Dairy and Agrotech LLP. [Advance Ruling No. GUJ/GAAR/R/30/2021 dated July 19, 2021], M/s. Sampoorna Dairy and Agrotech LLP. (Applicant) has sought an Advance Ruling on whether the product ‘Lassi’ but named as ‘Laban’ is to be classified as Lassi itself and whether the same is exempted under the Central Goods and Services […]

AO must establish a live-link between escapement of income vis-à-vis Fresh information

August 24, 2021 1809 Views 0 comment Print

ITO Vs Gujarat Storages P.Ltd. (ITAT Ahmedabad) As far as banking transactions are concerned, these details were available with the AO. This information was given in the audited accounts. Any transactions shown in the bank statement could never be construed per se as an escaped income. It is the AO who has to form his […]

Sunset review investigation on imports of Glass Fibre & Article thereof

August 24, 2021 1293 Views 0 comment Print

Case No. (SSR) 17/2020 Sunset review investigation on imports of Glass Fibre and Article thereof originating in or exported from China PR

MahaRERA Citizen Call Centre / Helpdesk Number

August 24, 2021 2394 Views 0 comment Print

MahaRERA has established a Toll-Free and a fully equipped Citizen Helpline as follows: Citizen Helpline shall function from 07:00 am to 11:00 pm — except on Government Holidays & Sundays. Citizens can call on following numbers: Toll Free: 1800 210 3770 PRI Line: 022 – 69157100

Purchaser has no locus standi to file Advance ruling application

August 24, 2021 1404 Views 0 comment Print

In pursuance to Section 95(a) CGST Act, We hold that the Question raised by the applicant does not fall under the gamut of said Section 95(a). Thereby, in pursuance to Section 95(a) and Section 103(1) of CGST Act, we hold that the applicant has no locus standi to file subject application.

Department of Posts – Roll-Out plan for RICT CBS version 1.4.3.0

August 24, 2021 3816 Views 0 comment Print

SB Order No. 25/2021 No.FS-10/47-2021-FS-DOP Govt. of India Ministry of Communications Department of Posts (F S Division) Dak Bhawan, New Delhi-110001 Dated: 24.08.2021 To, All Head of Circles/Regions Subject: – Regarding roll out of RICT CBS version 1.4.3.0 in RICT CBS devices from 25.08.2021. Sir/Madam, New RICT CBS version 1.4.3.0 for RICT devices have been […]

Classification of Gypsum Board made-up of Gypsum, glass fibre & additives

August 24, 2021 2439 Views 0 comment Print

In re USG Boral Building Products (India) Private Limited (GST AAR Rajasthan) We find that the applicant has submitted the technical specification with respect to contents of the impugned product. The applicant submitted that the proposed new variant of Gypsum Board is made-up of Gypsum, glass fibre and additives, the main raw material is Gypsum […]

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