Investigating Contagion Effects of Crude Oil Prices on Indias Sectoral Stock Prices. RBI Working Paper No. 01/2023 analyses contagion effects on sectoral stock price indices in India. WTI/Brent Crude provide insight into global shocks.
INSTITUTE OF SOCIAL AUDITORS OF INDIA COMPANY LIMITED BY SHARES NOR FOR PROFIT U/S 8 OF THE COMPANIES ACT, 2013 Head Office : ICAI Tower, Plot No. C-40, G Block, Opp. MCA Academy, Besides Standard Chartered Bank, Bandra Kurla Complex, Bandra (East) Mumbai – 400051. EXPRESSION OF INTEREST FOR INITIAL EMPANELMENT OF SOCIAL AUDITORS Institute of Social Auditors of India (SRO set […]
Under the terms of Deed of Licence, since the petitioner had agreed to pay service tax in addition to the monthly licence fee fixed thereunder and the GST being a levy which has been introduced in the place of service tax, the petitioner cannot absolve herself of the liability to pay GST in place of service tax.
Government notifies that wef 01.04.2023 All Govt department owned vehicles Motor Vehicle registration certificates to be cancelled on completion of 15 years from initial registration of vehicle. Except SPV used for defence purpose in other words 15 year rule shall not apply to the special purpose vehicles (armoured and other specialised vehicles) used for operational […]
NIIT Limited Vs Commissioner, CGST (CESTAT Delhi) Transitional provision of Section 142(3) of CGST Act provides that every claim of refund filed by the person after the appointed day (30.06.2017) for refund of any amount of Cenvat credit/duty/tax/interest or any other amount paid under the existing law shall be disposed of in accordance with the […]
Jaiswal Machinery Stores Vs Commissioner of Commercial Tax Lko. (Allahabad High Court) It is not in dispute that the Tribunal has reduced the quantum of tax imposed by the assessing authority from Rs.10,34,000/- to Rs.2,82,125/-. From the perusal of the order passed by the Tribunal, it is apparent that finding recorded is contradictory. On the […]
In the instant case no evidence has been produced by the revenue to hold that the amount collected by the appellant is exclusive of service tax or it has been separately collected by the appellant. In view of the above, we do not find any merit in the department’s stand that benefit of Section 67(2) could not be extended.
The Hon’ble Supreme Court observed that while government can deviate from the route of tenders or public auctions for the grant of contracts, the deviation must not be discriminatory or arbitrary. The deviation from the tender route has to be justified and such a justification must comply with the requirements of Article 14.
CBDT undisputedly are binding on the department and any action in violation thereof renders it as untenable in law, consequently in the extant case, assessment been carried out in violation of instruction issued by CBDT deserves to be quashed, ergo we set-aside the first appellate order passed u/s 250 and quash the order of assessment passed u/s 143(3) of the Act as bad in law.
HC directed Water Resources Department to take into consideration the Representation filed by CG Associates w.r.t the refund of additional amount of GST paid by the CG Associates due to change in rate of taxes.
