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Archive: May, 2022

Posts in May, 2022

Import Export Code Online

May 27, 2022 12513 Views 1 comment Print

Obtain your Import Export Code online with ease. Learn how to apply for IEC certificate and the process involved in getting your IEC number.

An Exceptional Job Well Done- Shree Changdeo Sugar Mills Limited Case

May 27, 2022 3141 Views 2 comments Print

Explore the exceptional case of Shree Changdeo Sugar Mills Limited. Learn how Income Tax officers successfully ran the business and realized dues.

Passing of Resolution By Circulation

May 27, 2022 199009 Views 2 comments Print

Learn about passing resolutions by circulation and the advantages it offers for efficient decision-making in company meetings.

ITR Filing Is Mandatory In Below Mentioned Situations

May 27, 2022 43638 Views 1 comment Print

Discover when ITR filing is mandatory in various situations, such as high expenditure on electricity bill or foreign travel.

SEBI directs QRTAs to communicate status of implementation of SEBI Circular on Cyber Security & resilience Audit

May 27, 2022 852 Views 0 comment Print

QRTAs are mandated to conduct comprehensive cyber audit at least twice in a financial year. All QRTAs shall submit a declaration from the MD/ CEO certifying compliance by the QRTAs with all SEBI Circulars and advisories related to Cyber security from time to time, along with the Cyber audit reports.

Modification to SOP in cases of Trading/Clearing Member leading to default

May 27, 2022 1569 Views 0 comment Print

ISE / SEs / CCs shall endeavour to settle the claims of maximum number of clients by way of interim measures, under their supervision prior to issuing show cause notice (SCN) for declaring the TM a defaulter. The TM shall be instructed to pay small investors out of available funds and own resources (movable and immovable) under the supervision of the ISE/ SEs.

GST exempt on vehicles rented to State Transport Undertakings or Local Authorities

May 27, 2022 6840 Views 0 comment Print

In re MH Ecolife E-Mobility Pvt. Ltd. (GST AAR Maharashtra) It was noticed at the time of final hearing of original order (dated 22/12/2021) passed in present case that a very similar issue which was involved in the case of M/s. M P Enterprises & Associates Limited, Advance Ruling No. GST-ARA 37/2020-21/B-16, dated 14 June […]

GST on training & coaching in respect of Football, Basketball, Athletic, Cricket, swimming, Karate and Dance

May 27, 2022 31632 Views 0 comment Print

In re Navi Mumbai Sports Association (GST AAR Maharashtra) From the submissions made by the applicant, we find that they are registered under Section 12AA of the Income Tax Act and are providing training and coaching in Football, Basketball, Athletic, Cricket, swimming, Karate, Dance, Physical fitness and ‘summer coaching’. We also observe that Football, Basketball, […]

18% GST payable on Renting of immovable Property Services to PCSCL

May 27, 2022 3552 Views 0 comment Print

In re Auto Cluster Development and Research Institute (GST AAR Maharashtra) The Smart Cities Mission is a vision of the Government of India to drive economic growth and improve the quality of life of people by enabling local area development and harnessing technology, especially technology that leads to Smart outcomes, area-based development which will transform […]

AAR Maharashtra allows ‘Hitachi Astemo Brake Systems’ to withdraw application

May 27, 2022 954 Views 0 comment Print

The Application in GST ARA Form No. 01 of M/s. HITACHI ASTEMO BRAKE SYSTEMS INDIA PRIVATE LIMITED, vide reference Online ARA Application Dated 18.06.2018 is disposed of, as being withdrawn voluntarily and unconditionally.

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