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Import of Water Melon Seeds falling under ITC(HS) code 12077090 is ‘Free’ till 30.09.2022. Given import shall be allowed from Kandla (INIXY1) and Mundra (INMUN1) Ports only.
In order to facilitate faster confirmation of remittances by the intermediaries, necessary arrangement has been made for foreign inward remittances in the following account:
Card-issuers shall seek One Time Password (OTP) based consent from the cardholder for activating a credit card, if the same has not been activated by the customer for more than 30 days from the date of issuance.
SCN is disposed of with caution to Mr. Srinivasan Karthigeyan for being more careful in future while handling CIRPs. In case, such repetitive instances are noticed in future, the matter will be treated as wilful negligence and action will be taken accordingly.
State of Maharashtra Vs Shri Vile Parle Kelvani Mandal (Supreme Court) Supreme Court held that charitable education institutions registered under the provisions of the Societies Registration Act and/or under the Maharashtra Public Trusts Act, are not entitled to any exemption from levy/payment of the electricity duty on or after 08.08.2016 i.e. from the date on […]
ITAT held that even if the Company has been struck off from the register of Companies, an appeal filed by it against the revenue department does not become ineffective or infructuous and is maintainable.
HC ruled that when the services are rendered abroad, GST would not apply being export of services. Further the refund of ITC has to be allowed in the absence of any proof that incidence of tax has been passed on to the recipient. Captioned ruling has been analyzed in this update.
Stay updated on the new format of Form SH-4 Securities Transfer Form. Understand the recent amendments and learn how to execute the form.
Any waste and scrap generated during the job work may be supplied by the job worker directly from his place of business on payment of tax if such job worker is registered, or by the principal, if the job worker is not registered.
Buyback can be defined as repurchasing of its own securities by the company. The main objective of buyback by companies is to make use of the idle cash lying with them and ultimately improving the earning per share (EPS).
