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Archive: 25 August 2022

Posts in 25 August 2022

NDTV Share Acquisition by Adani group: What unfolded

August 25, 2022 3861 Views 1 comment Print

‘Adani group has acquired 29.18% stake in NDTV and are all set to acquire another 26%.’ How did this happen? Lets understand what unfolded between the Business Giant Adani group and NDTV through some pointers

Abolish requirements of reporting under Clause 44 of Tax Audit Report: CASS

August 25, 2022 9783 Views 1 comment Print

Representation to CBDT on information sought from Tax Auditors under Clause 44 of Form 3CD and request to abolish this requirement

GT E-Invoicing New Rules From 01.10.22 & Some Imp Question

August 25, 2022 4896 Views 3 comments Print

ई–इनवॉइसिंग के नए नियम The GST law & system is full of amendments and frequent changes is habitual under GST law. Many changes were announced in the month of July-2022 and immediately after that on 1st of Aug 2022, one more change was announced. जीएसटी कानून प्रणाली संशोधनों से भरी हुई है और जीएसटी कानून […]

Rule 25B – Physical address verification by ROC – Do Companies needs to worry

August 25, 2022 2289 Views 0 comment Print

Understanding Rule 25B – Physical address verification by ROC and its implications for Indian companies under the Companies Act, 2013.

No Service Tax on Fitment of Wig & Preparation of Scalp are Incidental to Sale of Wig: Madras HC

August 25, 2022 609 Views 0 comment Print

White Cliffs Hair Studio Private Ltd Vs Additional Commissioner (Madras High Court) No Service Tax to be levied on fitment and preparation of scalp to make Wig The Hon’ble High Court of Madras in the matter of M/s White Cliffs Hair Studio Private Ltd v. Additional Commissioner, Office of the Principal Commissioner of CGST and […]

GST on Constructions Services to Central & State Government or Local Authorities wef 18.07.2022

August 25, 2022 14100 Views 1 comment Print

Understanding the new GST regulations on construction services provided to government and local authorities from July 18, 2022.

Provisional Attachment Order Under PMLA Beyond 180 Days

August 25, 2022 6948 Views 0 comment Print

The Prevention of Money Laundering Act, 2002 (hereinafter referred as PMLA) is a legislation to clamp down the money laundering across the country by attachment of property involved in money laundering.

GST on Bio-mining & scientific closure services of legacy wastes at dumpsite to Municipal Corporation

August 25, 2022 3660 Views 0 comment Print

In re Zigma Global Environ Solutions Private Ltd (GST AAR Kerala) Question 1: Classification of the services i.e., ‘Bio-mining and scientific closure of legacy wastes at the dumpsite in Kureepuzha, Kollam’ to be provided by the Applicant to the Superintending Engineer, Kollam Municipal Corporation. Ruling: The above services are classifiable under SAC 9994 as per […]

Section 43B disallowance for GST cannot be avoided by crediting liability to Sales a/c

August 25, 2022 25650 Views 0 comment Print

Assessee cannot be permitted to adopt a modus operandi and giving an accounting treatment to GST without passing through profit and loss account to circumvent provisions of section 43B

Differential classification of same goods imported at different places would negate very purpose of Tariff Act

August 25, 2022 1812 Views 0 comment Print

Commissioner of Customs Vs Reliance Jio Infocomm Ltd (CESTAT Mumbai) Differential classification of same goods imported at different places would negate very purpose of Tariff Act CESTAT held that differential classification of the impugned goods imported at different places would negate the very purpose of the Tariff Act on the one hand and would cause avoidable […]

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