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Archive: 20 October 2021

Posts in 20 October 2021

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6717 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Audit conducted by GST department under Section 65 of CGST Act, 2017

October 20, 2021 117582 Views 3 comments Print

I have received suggestions to prepare an article on ‘Audit conduct by the GST Department’ under Section 65 of CGST Act,2017.   I have covered the following topics on Audit conducted by GST officer under Section 65 of CGST Act,2017 for your easy reference and prepare records to be submitted to the GST audit officer to […]

Writ jurisdiction cannot be invoked, in case efficacious alternative remedy is available

October 20, 2021 1224 Views 0 comment Print

Kesoram Industries Ltd. Vs Assistant Commissioner of Central GST & Central Excise (Andhra Pradesh High Court)  The Writ Petition was filed to get relief of levy of interest on late payment. Section 107 of the Act clearly provides an efficacious alternative remedy to the petitioner to approach the appellate authority. It is, indeed, a settled […]

Worried About Your Family’s Future? Here’s How Life Insurance Can Help

October 20, 2021 1518 Views 0 comment Print

There are situations when the family needs emergency funds. If invested at the right time in life insurance, it could provide benefit at a later stage of life. Financial security is something that is a must to ensure so that family can meet the financial requirement. Individuals often opt for insurance so that they can protect their families from financial worries in their absence.

Formation of Company in Dubai (UAE)

October 20, 2021 3264 Views 1 comment Print

n a historic turn of events, December 1971 marked a pivotal moment in the United Arab Emirates’ journey towards unity. At that time, the UAE transformed into a federation comprising six emirates: Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al-Quwain, and Fujairah. The unity and shared vision of these emirates paved the way for a brighter […]

Section-8 Company-Incorporations and Myths

October 20, 2021 1722 Views 0 comment Print

Section 8 companies are those companies which are incorporated with an objective to promote arts, commerce, education, charity, environment protection, sports, welfare, medicines, etc. The income of the company or money raised by doing events, receiving donations cannot be used for paying out dividends among the members of the company. The money raised should be […]

Reg. Multiple requests made for change in CFS for particular bill of lading /consignments

October 20, 2021 372 Views 0 comment Print

It is hereby instructed to all concerned that in cases of multiple requests made for change in CFS for particular bill of lading /consignments, the latest request for change of CFS shall be taken as final request.

ADD on Phenol imported from European Union, Singapore & Korea RP

October 20, 2021 657 Views 0 comment Print

Notification No. 61/2021-Customs (ADD) Seeks to rescind Notification No. 06/2016-Customs(ADD) levying ADD on Phenol originating and imported from European Union, Singapore and Korea RP. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 20th October, 2021 Notification No. 61/2021-Customs (ADD) G.S.R.748(E).—In exercise of the powers conferred by sub-sections (1) and (5) of section 9A […]

RBI imposes Penalty on payment system operator Paytm & Western Union

October 20, 2021 801 Views 0 comment Print

RBI had, by an order dated October 01, 2021, imposed a monetary penalty of ₹1 crore (Rupees one crore only) on Paytm Payments Bank Limited (PPBL), for an offence committed of the nature referred to in Section 26 (2) of Payment and Settlement Systems Act, 2007 (PSS Act).

Multipurpose Empanelment of CAs started

October 20, 2021 12612 Views 2 comments Print

Multipurpose Empanelment Form (MEF)  is now hosted at MEFICAI website. Members can fill up the application form directly on the MEFICAI website itself and Submit it. Members can view the Application and can edit the Application in different stages. However after submission of the application form members will not be able to edit the application, They […]

Arbitrator has Substantial Discretion in Awarding Interest U/s. 31(7)(a) of Arbitration Act: SC

October 20, 2021 3423 Views 0 comment Print

Punjab State Civil Supplies Corporation Limited (Punsup) & Anr. Vs Ganpati Rice Mills & Anr. (Supreme Court of India) The issue in the present appeal is limited to rate of interest. The Arbitrator had granted interest at the rate of 18% per annum from 01.01.2003 till the date of realization. On consideration of the objections […]

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