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Archive: 19 January 2022

Posts in 19 January 2022

IFSC defines Qualified Jewellers permitted to import Gold through IIBX

January 19, 2022 5001 Views 0 comment Print

It has been decided that the entities fulfilling the following conditions shall be considered as ‘Qualified Jewellers’ and shall be permitted to transact as trading members / clients of trading members, on IIBX, for the purpose of import of gold under the above-mentioned ITC(HS) codes:

GST on Services supplied to Government authority & Government Entity

January 19, 2022 70992 Views 0 comment Print

Composite supply of works contract as defined in clause (119) of section 2 of the State Goods and Services Tax Act, 2017, involving predominantly earth work (that is, constituting more than 75per cent. of the value of the works contract) provided to the Central Government, State Government, Union territory

Micro, Small and Medium Enterprises (Amendment) Rules, 2022

January 19, 2022 11553 Views 1 comment Print

Micro, Small and Medium Enterprises (Amendment) Rules, 2022 (a) the beneficiary of the fund shall be a micro or small or medium enterprise and shall file the memorandum under sub-section (1) of section 8 of the Act; (b) the fund shall be mandatorily utilised for the project or scheme or activity for which it is approved by the Governing Council;

How to incorporate a Private Company in India?

January 19, 2022 26088 Views 0 comment Print

Private Limited Company registration is the most popular form of a ‘legal structure’ for all businesses in India. This type of company offers limited liability for its shareholders with certain restrictions placed on the ownership. An LLP has partners, who own and manage the business. Whereas in private limited company registration, directors may be different […]

A case study on leasing services provided by Government

January 19, 2022 4758 Views 2 comments Print

Brief Background: In the instant case, the Company (Developer) has identified the industrial land on lease from Government for a period of 99 years for setting up a plant i.e., for infrastructural development. The Developer wished to enter into the lease agreement with the lessee i.e., Government for a total period of 99 years for […]

मप्र सरकार की अर्थ नीति- खूब पिएँ और पिलाएं शराब

January 19, 2022 2319 Views 1 comment Print

आप यदि मप्र सरकार को आर्थिक सहयोग या सहायता करना चाहते हैं तो छक कर पिएँ और पिलाएं शराब क्यों कि सरकार की नई आबकारी नीति शराब के प्रति काफी उदार बनाई गई है जो कि वित्तीय वर्ष 2022-23 यानि 01/04/2022 से लागू हो जाएंगी. बड़ी उदारता से इस आबकारी नीति की घोषणा सरकार के […]

HC directs GST department to consider request of petitioners for issuing copies of statements

January 19, 2022 2340 Views 0 comment Print

Thomas Mathew Vs The State Tax Officer (IB) (Kerala High Court) While refusing to consider the request of the petitioners, the Proper Officer failed to state any reason. The officer had not mentioned that giving copy of the statements would cause prejudice to the investigation. The request of the petitioners for issuing copies of statements […]

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