In re Bharat Dynamics Limited (GST AAAR Andhra Pradesh) AAAR differed with the ruling of the Advance Ruling Authority and hereby modify the same and hold that the SFDS is classifiable as ‘parts of Submarine’ falling under Chapter 8906 and consequently attract a GST rate of five (5) percent, by virtue of entry No.252 of […]
CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 21st January, 2022 vide Notification No. 04/2022- Customs (N.T.) | Dated: 20th January, 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 04/2022 – Customs (N.T.) New Delhi, dated the […]
Appointment of First Auditor in Private Company Section Attracts -139(6) of the companies Act 2013 Time Limit for Appointment– within 30 days from incorporation of the Company Accounts Audit: From the date of Incorporation till the date of end of Financial Year. Hold Office: Till the Conclusion of First Annual General Meeting. Way of Appointment […]
Tax Bar Association Vs Union of India (Rajasthan High Court, Jodhpur) This public interest petition has been filed by the Tax Bar Association of Jodhpur pointing out various difficulties faced by the assessees on account of the official portal of the income tax department having various glitches. The first and the primary prayer made by […]
GSTR-3B─Return notified subsequent to Judgment of Gujarat HC to nullify Judgment─No analysis of this crucial aspect by the Apex Court The Hon’ble Supreme court in the case of Union of India v. AAP And Company (2021) 36 J.K.Jain’s GST & VR 519, overruled the judgment dated 24.6.2019 of Hon’ble Gujarat HC : AAP and Co. […]
Employees’ State Insurance Corporation Vs Union of India (Supreme Court of India) Facts- The ESIC has filed the present appeal against the judgement of Division Bench which rejected the petition filed against the promotion of the contesting respondent to the post of ‘Associate Professor’ under the Dynamic Assured Career Progression Scheme (DACP Scheme). Fact of […]
Constitutional Provision Article 21A has been introduced vide the Constitution (Eighty-Sixth Amendment) Act, 2002 which makes the right to education a fundamental right. This Article requires the State to provide free and compulsory education to all the children at the age of six to fourteen years, in such manner as State, may by law determine. […]
Meaning Of Financial Year The Companies Act, 2013 defines Financial Year under Section 2(41) as: “Financial Year”, in relation to any company or body corporate, means the period ending on the 31st day of March every year, and where it has been incorporated on or after the 1st day of January of a year, the […]
CESTAT ignored the fact that High-Speed Diesel imported under the guise of Base Oil SN 50 was being diverted as fuel by routing such goods through the purported manufacturers who claim to manufacture Bio-Diesel B100. Thus, department had es
In re Evans Consoles Corporation (CAAR Delhi) Product under consideration is described as ‘Evans Consoles’ in the product literature, which is equipped with switches, electric motors and other electronic equipment, meant for performing specialized functions. These Consoles will be designed according the requirements of the customers in India as per the contracts, will be manufactured […]
