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Archive: 08 November 2021

Posts in 08 November 2021

Course on Mastering GST Sections Effortlessly with Memory Techniques!

November 28, 2024 3870 Views 0 comment Print

Simplify GST learning with memory techniques. Join live sessions, master CGST sections, and retain knowledge effortlessly. Register now for practical GST mastery!

Aadhaar (Authentication and Offline Verification) Regulations, 2021

November 8, 2021 3381 Views 0 comment Print

(1) These regulations may be called the Aadhaar (Authentication and Offline Verification) Regulations, 2021. (2) These regulations shall come into force on the date of their publication in the Official Gazette.

Conveyance allowance will not be a ‘wage’ under ESI Act: ESIC

November 8, 2021 11427 Views 1 comment Print

Hon’ble Supreme Court, in M/s Texmo Industries Vs. ESIC held that the payment of Conveyance Allowance on the fact of present case does not fall under the definition of term ‘wages’ as defined in section 2(22) of the ESI Act.

SCN quashed by Bombay HC for allegedly availing inadmissible transitional credit as has been issued on an erroneous legal premise

November 8, 2021 5418 Views 0 comment Print

Godrej & Boyce Mfg. Co. Ltd. Vs Union of India and Ors. (Bombay High Court) SCN quashed by Bombay HC for allegedly availing inadmissible transitional credit as has been issued on an erroneous legal premise The Hon’ble Bombay High Court (Bombay HC) in the matter of Godrej & Boyce Mfg. Co. Ltd. v. Union of […]

GST on Educational Institutions

November 8, 2021 165333 Views 8 comments Print

Education plays an important role in any economy as the education of the country’s youth will decide how the country will flourish. Taxing the Education Sector has always been a sensitive issue, as education is seen more as a social activity than a business one. Therefore, government has given certain exemptions to educational institution in […]

Disposal of hazardous cargo by Indian Customs

November 8, 2021 1386 Views 0 comment Print

The disposal of all types of uncleared or unclaimed or seized hazardous cargo consignments, including chemicals, electronic wastes, etc, is a continuing exercise undertaken across Customs locations. The Customs field formations are to confirm safe storage by custodians, and they coordinate with regulatory authorities for faster disposal.

Coach Work for EMU/MEMU trains of Railway falls under Chapter 86.07 of GST Tariff

November 8, 2021 1530 Views 0 comment Print

In re Prag Polymers (GST AAR Uttar Pradesh) Ques- ‘Classification of Coach Work like DRIVER CAB AIR CONDITIONER UNIT for EMU/MEMU trains of Railway Rolling Stock’. Ans- The  ‘Classification of DRIVER CAB AIR CONDITIONER UNIT for EMU/MEMU trains’ manufactured as per the specific design and layout provided by the Railways and supplied to the Indian […]

GST not applicable on payment of notice pay and allowed ITC on canteen services

November 8, 2021 6156 Views 0 comment Print

AAAR reversed the ruling of AAR which held that GST is applicable on recovery of Notice pay from an employee by employer in lieu of notice period, Telephone charges, Group Medical Insurance Policy recovered from employees and providing Canteen facility to employees free of cost.

Separate registration not required for supply of works contract service in Karnataka

November 8, 2021 4851 Views 0 comment Print

AAR held that no separate registration is required for supply of works contract services in Karnataka by M/s L&T, Karnataka by the assessee registered at Noida, Uttar Pradesh as invoice can be raised by the assessee charging IGST from its registered office in Noida, Uttar Pradesh.

EPFO extends Atal Beemit Vyakti Kalyan Yojana till 30.06.2022

November 8, 2021 936 Views 0 comment Print

Employees’ State Insurance Corporation hereby notifies its decision to extend Atal Beemit Vyakti Kalyan Yojana for a period 01.07.2021 to 30.06.2022 with enhanced rate of relief and relaxed eligibility conditions as notified in the Gazette of India, (Extraordinary), Part III – Section – 4 (Sl. No. 436) dated 16.10.2020. and Sl. No. 15 dated 11.01.2021.

Investment by Foreign Portfolio Investors (FPIs) in Debt Review

November 8, 2021 1068 Views 0 comment Print

FPIs can acquire debt securities issued by InvITs and REITs under the Medium-Term Framework (MTF) or the Voluntary Retention Route (VRR). Such investments shall be reckoned within the limits and shall be subject to the terms and conditions for investments by FPIs in debt securities under the respective regulations of MTF and VRR.

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