Follow Us :

Archive: 24 June 2022

Posts in 24 June 2022

MYK Laticrete India Guilty of Profiteering: NAA

June 24, 2022 861 Views 0 comment Print

The present report dated 264)2.2021 has been received from the Applicant No. 2 i.e the Director General of Anti-Profiteering (DGAP) after a detailed Investigation under Rule 129(6) of the CGST Rules. 2017 The brief facts of the present case are that the Applicant No. 1 had filed an application under Rule 128 of the CGST Rules. 2017 and alleged that the Respondent.

Cloudtail India guilty of not passing ITC benefit to Customers: NAA

June 24, 2022 477 Views 0 comment Print

Sh. Samit Chakraborty Vs Cloudtail India Pvt. Ltd. (NAA) The Authority finds that the DGAP has correctly calculated the profiteered amount as Rs. 9,84,354/- (Rs. 5,37,208/- on closing stock & Rs. 4,47,146/- on fresh stock) as mentioned in Table-A above, which was to be passed on to the buyers of the impugned item by way […]

Perfect Buildwell guilty of not passing ITC benefit to Customers: NAA

June 24, 2022 738 Views 0 comment Print

Pawan Kumar Gupta Vs Perfect Buildwell Pvt. Ltd. (NAA) It is established from the perusal of the above facts that the Respondent has benefited from the additional ITC to the extent of 6.55% of the turnover during the period from 01 07.2017 to 31.03.2019 amounting Rs. 4.74,88,840/- It has been verified by the DGAP that […]

Section 171 of & Rule 126 are not violative of Article 14 & 19: NAA

June 24, 2022 3582 Views 0 comment Print

Sh. Nagendra Kumar Biyani Vs Indiabulls Real Estate Ltd. (NAA) The Respondent has contended that Section 171 of the CGST Act and Rule 126 of the CGST Rules are violative of Article 14 and Article 19 of the Constitution of India. In this connection, this Authority holds that the Authority has not acted in any […]

Lifeways Infrastate guilty of not passing ITC benefit to Customers: NAA

June 24, 2022 270 Views 0 comment Print

Sh. Ashok Kumar Singh Vs Lifeways Infrastate Pvt. Ltd. (NAA) The only issue to be examined is as to whether there was any net benefit of ITC with the introduction of GST. The Authority finds that, the ITC, as a percentage of the turnover, that was available to the Respondent during the pre-GST period (April-2016 […]

Draft Food Regulations for Health Supplements, Nutraceuticals etc.

June 24, 2022 1905 Views 1 comment Print

Draft Food Safety and Standards (Health Supplements, Nutraceuticals, Food for Special Dietary Use, Food for Special Medical Purpose, and Prebiotic and Probiotic Food) Regulations, 2022. FOOD SAFETY AND STANDARDS AUTHORITY OF INDIA NOTIFICATION New Delhi, the 24th June, 2022 F. No. Std/SP-05/T(Nutraceutical-2022).—The following draft of certain regulations which the Food Safety and Standards Authority of […]

RBI encourages cardholders to tokenise their cards

June 24, 2022 399 Views 0 comment Print

Currently, many entities, including merchants, involved in an online card transaction chain store card data like card number, expiry date, etc. [Card-on-File (CoF)] citing cardholder convenience and comfort for undertaking transactions in future.

Customs Brokers Licensing (Amendment) Regulations, 2022

June 24, 2022 4641 Views 0 comment Print

(1) These regulations may be called the Customs Brokers Licensing (Amendment) Regulations, 2022. (2) They shall come into force on the date of their publication in the Official Gazette.

CBDT designates Special Court in Uttarakhand under Black Money Act

June 24, 2022 354 Views 0 comment Print

Notification No. 68/2022- Income Tax- Designation of Courts in Uttarakhand as Special Court for the purposes of section 280A of the Income tax Act, 1961 and section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. MINISTRY OF FINANCE (Department OF Revenue) (CENTRAL BOARD OF DIRECT TAXES) (Investigation Division-V) […]

Draft Central Motor Vehicles amendment Rules- Bharat New Car Assessment Program

June 24, 2022 495 Views 0 comment Print

Bharat New Car Assessment Program (BNCAP) – (1) On and from the1st day of April 2023, the BNCAP authority, (hereinafter referred to as ‘the Authority’), notified by the Central Government, shall authorise the testing agency referred to in Rule 126 of CMVR 1989 to conduct evaluation on Type Approved vehicles of category M1, manufactured or imported in the country, in accordance with the Automotive Industry Standard (AIS)-197, as amended from time to time. BNCAP shall be a voluntary program monitored by the Authority.

Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031