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Archive: 18 November 2022

Posts in 18 November 2022

Free YouTube Live on The global landscape –  from market’s to trade

May 24, 2024 810 Views 0 comment Print

Join us for an insightful and dynamic YouTube Live session on “The global landscape –  from market’s to trade.” with renowned financial analyst Ankit Baid, MBA Finance. The presentation explores shifting of the global economic landscape, focusing on the decline of US dominance and the rise of China. It examines the potential decrease in global […]

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 7521 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Govt withdrawn AIDC exemption on Anthracite, PCI Coal & Coking Coal

November 18, 2022 1935 Views 0 comment Print

CBIC amends Notification 11/2021-Customs, dated the 1st February, 2021 in order to withdraw AIDC exemption on Anthracite , PCI Coal and Coking Coal vide Notification No. 60/2022-Customs Dated: 18th November, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 60/2022-Customs Dated: 18th November, 2022 G.S.R. 829(E).—In exercise of the powers conferred by sub-section […]

Govt withdrawn BCD exemption on Anthracite and PCI Coal, Coke & Semi coke & ferronickel

November 18, 2022 1629 Views 0 comment Print

CBIC amends Notification No. 50/2017-Customs, dated the 30th June, 2017 in order to withdraw BCD exemption on Anthracite and PCI Coal, Coke & Semi coke and ferronickel vide Notification No. 59/2022-Customs Dated: the 18th November, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 59/2022-Customs Dated: 18th November, 2022 G.S.R. 828(E).—In exercise of […]

Govt withdrawn export duty on iron ore & steel products

November 18, 2022 3546 Views 0 comment Print

CBIC amends Notification No. 27/2011- Customs, dated the 1st March, 2011 in order to withdraw export duty on iron ore & steel products vide vide Notification No. 58/2022-Customs Dated: the 18th November, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 58/2022-Customs | Dated: the 18th November, 2022 G.S.R. 827(E).—In exercise of the […]

Assessee needs to establish genuineness of the expenditure

November 18, 2022 1920 Views 0 comment Print

ITAT Mumbai held that onus is on the assessee to establish that the specified expenditure incurred was wholly and exclusively for the purpose of the business, disallowance of expenditure justified in absence of such establishment.

Reverse Charge Liability under GST Not Paid In 2018-19

November 18, 2022 166248 Views 9 comments Print

Understanding reverse charge liability under GST: Can registered persons claim Input Tax Credit for liabilities paid in a different year?

Bar to filing prosecution by ROC after lapse of period of limitation

November 18, 2022 4413 Views 0 comment Print

Understanding the bar to filing prosecution by ROC after the lapse of the period of limitation. Learn about the implications for non-compliance with adjudication orders under the Companies Act, 2013.

Draft Food Safety & Standards (Genetically Modified Foods) Regulations, 2022

November 18, 2022 951 Views 0 comment Print

(1) No person shall manufacture, pack, store, sell, market or otherwise distribute or import any food or food ingredient produced from GMOs, except with the prior approval of the Food Authority. (2) The provisions of these regulations are in addition to, and not in derogation of, any other rules or regulations made under the Act.

Foreign travel expenditure meant for business purpose cannot be disallowed

November 18, 2022 6036 Views 0 comment Print

ITAT Mumbai held that expenditure incurred on such foreign travel cannot be disallowed on the reason that it was a pleasure tour and not meant for the purpose of business, as assessee furnished all the relevant details with supporting evidences together with the purpose of foreign travel.

Recent Updates In GST till 17th November 2022

November 18, 2022 20724 Views 0 comment Print

Stay updated with the latest GST updates till 17th November 2022. Find out about GDP growth, GST rates, and upcoming meetings with state Finance Ministers.

Rejection of transaction value without evidence proving reason influencing price is unjustified

November 18, 2022 612 Views 0 comment Print

CESTAT Ahmedabad held that rejection of transaction value is unjustified as department has failed to produce any evidence reflecting that the relationship between the parties has influenced the price.

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