Key changes to provisions of Related Parties Transactions (RPTs) based on SEBI’s amendment in the Listing Regulations on November 9, 2021 RPT amendments – An overview Definition of Related Parties and RPT Any person or entity forming part of promoter or promoter group of the listed entity. (previously holding 20% or more holding was required) […]
Understanding the Reversal of Input Tax Credit in the Real Estate Sector under GST Act, 2017. Learn about the impact and compliance requirements.
Learn about assessment under GST Section 62 and the tax liability for non-filers of returns. Understand the self-assessment procedure and the role of GST Authority.
In re Vividha Infrastructure Pvt. Ltd (GST AAR Punjab) (i)Whether the transmission and distribution of electricity as a franchisee of PSPCL charged to its consumers based on approved tariff is exempt in applicant’s hands? (ii)What will be the rate of GST on following Tariff based charges which will be required to be mentioned in the […]
In re Vividha Infrastructure Pvt. Ltd (GST AAR Punjab) Whether amount received as interest free non-refundable maintenance deposit (IFMD) pursuant to common area maintenance services agreement executed by the applicant (Promoters) with the allottees of industrial plots sold is taxable under the GST Law. FULL TEXT OF THE ORDER OF AUTHORITY FOR ADVANCE RULING,PUNJAB 1. […]
In re Italian Edibles Pvt. Ltd (GST AAR Madhya Pradesh) Q. Whether the product marketed under brand name Ber Berry, manufactured and supplied by the applicant, containing the ingredients jujube fruit sugar, salt, permitted preservative (E-211) and mixed spices, should be classified under the Tariff Heading 0810 as Jujube fruit (Ber/Bore) or under Tariff Heading 0811 […]
Central Government hereby approves ‘Sri Shankara Cancer Foundation, Bangalore (PAN: AAHTS5593F)’under the category of ‘University, College or other institution’for Scientific Research for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 read with rules 5C and 5E of the Income-tax Rules, 1962.
CBIC notifies Amendment in Notification No. 12/97-Customs (NT) dated 2nd April, 1997 vide Notification No. 14/2022-Customs (N.T.) | Dated: 3rd March, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 14/2022-Customs (N.T.) | Dated: 3rd March, 2022 G.S.R. 170(E).—In exercise of the powers conferred by clause […]
CBIC issues Notification No. 2/2022-Customs (N.T./CAA/DRI) [S.O. 986(E).], Dated: 03.03.2022- Appointing Common Adjudicating Authority MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (Directorate of Revenue Intelligence ) New Delhi Notification No. 2/2022-Customs (N.T./CAA/DRI) | Dated: 3rd March, 2022 S.O. 986(E).—In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. […]
Supreme Court M/s. Jai Balaji Industries Vs. D.K. Mohanty & Anr. [Civil Appeal No. 5899 of 2021 with 5904 of 2021] The Supreme Court (SC) observed that an operational creditor (OC) cannot use the Code for extraneous considerations or as a substitute for debt enforcement procedures; and the object of the Code is to allow […]
