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Archive: 13 April 2022

Posts in 13 April 2022

Surrender of certificate of registration of BNP Paribas Mutual Fund

April 13, 2022 336 Views 0 comment Print

BNP Paribas Assets Management Company Private Limited (BNPP AMC) had informed SEBI that they want to surrender the registration granted to BNP Paribas Mutual Fund by SEBI pursuant to change in control.

Aadhaar for Direct Benefit Transfer (DBT)

April 13, 2022 1689 Views 0 comment Print

Q.1 How would I know that DBT funds have come to my account? Ans. If you have availed SMS alerts facility from the concerned bank where your DBT account is opened, then the bank will send out SMS alerts when you get DBT funds in account. Alternatively, you can also check your account balance using […]

Loading & Transportation of coal Service cannot be classified as ‘mining services’

April 13, 2022 2232 Views 0 comment Print

Commissioner of Service Tax Vs N.P. Earth Movers Pvt. Ltd.(CESTAT Delhi) The records indicate that M/s Western Coalfield Ltd. had awarded a contract to the respondent for loading and transfer of coal from one place to another in the licensed area of its mines situated at Wani and Majri and it was noticed by the department […]

No Service Tax on Maintenance deposit collected by builder & Transferred to society on formation without utilisation

April 13, 2022 2904 Views 0 comment Print

Commissioner, CGST & Central Excise Vs Manglam Build Developers Ltd. (CESTAT Delhi) We find that the appeal is filed by the Revenue under the wrong assumption that the maintenance deposit taken by the respondent from the buyers is to be utilized for maintenance of the complexes and any unutilized amount will be transferred to the […]

CBIC prescribes BCD and AIDC on Raw Cotton for a specified period

April 13, 2022 2595 Views 0 comment Print

CBIC Exempts Cotton From Customs Duty & AICD Till 30 September, 2022 CBIC prescribes BCD and AIDC on Raw Cotton for a specified period vide Notification No. 21/2022-Customs | Dated: 13th April, 2022 Currently, cotton imports are subject to a 5% basic customs tax with an additional 5% levied as the Agriculture Infrastructure Development Cess (AIDC). […]

Tariff Notification No. 33/2022-Customs (N.T.) | Dated: 13th April, 2022

April 13, 2022 1353 Views 0 comment Print

Notification No. 33/2022-CUSTOMS (N.T.) | Dated: 13th April, 2022 – Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 33/2022-CUSTOMS (N.T.) | Dated: 13th April, 2022 S.O. 1824(E).—In exercise of the powers conferred […]

Central GST Registration: Proper Officer for approval for physical verification of place of business

April 13, 2022 1647 Views 0 comment Print

Chief Commissioner, State Tax, Rajasthan, hereby, authorise Joint Commissioner /Deputy Commissioner, Central Registration Unit, State Tax, Jaipur for giving approval for physical verification of place of business to the proper officers.

Amendment to Section 7, 12(1A),12A & 17(1) of FCRA, 2010 are valid: SC

April 13, 2022 1665 Views 0 comment Print

Noel Harper & Ors Vs Union of India (Supreme Court of India) Sub-Whether amendment made to Section 7, 12(1A),12A and 17(1) of Foreign Contribution (Regulation) Act, 2010 are manifestly arbitrary, unreasonable and imprinting upon the fundamental rights guaranteed to the petitioners under Articles 14, 19 and 21 of the Constitution. SC declare that the amended […]

Sanction by Addl. CIT instead of PCIT not valid for Reassessment After expiry of four years

April 13, 2022 2325 Views 0 comment Print

J M Financial and Investment Consultancy Services Pvt. Ltd. Vs ACIT (Bombay High Court) HC held that since four years had expired from the end of the relevant assessment year, as provided under Section 151(1) of the Act, it is only the Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner who could […]

Relaxation of time limit for depositing and filing ESI Contribution

April 13, 2022 17037 Views 1 comment Print

Keeping in view the problems being faced by the Employers in depositing ESI contribution for the contribution period March 2022, the Director General in exercise of powers vested under Regulation 100 has relaxed the provision as entered in Regulations 26 & 31 of the Employees’ State Insurance (General) Regulations, 1950.

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