In re Mitsubishi Electric India Private Limited (CAAR Delhi) The legal position regarding classification of goods in CKD/ SKD conditions are fairly settled. As per rule 2(a) of the GRI, “any reference in a heading to an article shall be taken to include a reference to that article incomplete or unfinished, provided that, as presented, […]
Understanding commercial credit notes in GST: when and how to issue them for post-sale discounts and non-GST transactions.
Issue of Capital and Disclosure Requirements (Third Amendment) Regulations, 2022 by social enterprises has set the tone for the formation of the Social Stock Exchange in India, as a separate segment of a recognized stock exchange, to facilitate fundraising by social enterprises, both for-profit as well as not for profit organisations.
FOOD SAFETY AND STANDARDS AUTHORITY OF INDIA NOTIFICATION New Delhi, the 30th August, 2022 No. Stds/SP(L&C/A)/Oil Claims/FSSAI-2018.—Whereas the draft of certain regulations, namely, the Food Safety and Standards (Advertising and Claims) Amendment Regulations, 2021, was published vide notification of the Food Safety and Standards Authority of India number No. F. No. Stds/SP(L&C/A)/ Oil Claims/FSSAI-2018, dated […]
(1) These regulations may be called the Food Safety and Standards (Foods for Infant Nutrition) First Amendment Regulations, 2022. (2) They shall come into force on 1st October, 2022.
FOOD SAFETY AND STANDARDS AUTHORITY OF INDIA NOTIFICATION New Delhi, the 30th August, 2022 No. Std/SP-20/T(Migration-N).—Whereas the draft of the Food Safety and Standards (Packaging) Amendment Regulations, 2021, were published as required under sub-section (1) of section 92 of the Food Safety and Standards Act, 2006 (34 of 2006) vide notification of the Food Safety […]
Held that accounts of foreign company are not prepared as per companies act and are not laid in Annual General Meeting before the shareholders of the company. Hence, provisions of section 115JB of the Income Tax Act cannot be made applicable to a foreign company.
Held that mandatory deposit under section 35F of the Central Excise Act cannot be made by way of debit in the Electronic Credit Ledger maintained under CGST Act.
Held that undisputedly the appellant has made payment of both service tax and also GST. Further, service tax invoices were subsequently cancelled by issuing credit note. Hence, refund of service tax available to the assessee.
Central Government has withdrawn the exemption on Wheat or Meslin Flour (HS Code 1101) from export restrictions/ban. It is clarified vide the said notification that Wheat or Meslin Flour under HS Code 1101 is no longer exempted from export restrictions/ban.
