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Archive: 19 April 2023

Posts in 19 April 2023

GST Registration cannot be cancelled for allegedly being a bogus firm

April 19, 2023 16341 Views 0 comment Print

GST registration cannot be cancelled for allegedly being a bogus firm as it is not a ground enumerated under Section 29(2) of GST Act

Documentation services not liable to Service tax prior to 1st May, 2006

April 19, 2023 468 Views 0 comment Print

Demand on documentation services raised under Steamer Agent Services, in fact, it is Business Support Services, which came into effect from 01.05.2006, Therefore, documentation services are not liable to service tax prior to 1st May, 2006.

Validity of Penalty for wrong availment of CENVAT Credit on Employee

April 19, 2023 927 Views 0 comment Print

CESTAT held that penalty under Rule 15(1) on the present appellant, who is merely an employee of the Company, is not sustainable.

Erroneous calculation of GST Refund claimed during transition phase – HC allows Filing of Fresh Calculations 

April 19, 2023 456 Views 0 comment Print

Sondeep Paul Vs Union of India & Ors. (Calcutta High Court) The writ petition has been filed alleging inaction of the West Bengal State Rural Development Agency (in short ‘WBSRDA’), which is an agency under the department of Panchayat and Rural Development. The petitioner is granted liberty to incorporate the State of West Bengal through […]

SEBI clarifies on disclosures related to `borrowing’ by Large Corporate listed entity

April 19, 2023 9264 Views 0 comment Print

Large Corporate shall be interpreted as a listed entity having at least one credit rating of AA and above for any of its unsupported bank borrowing or plain vanilla bonds

IBBI suspends License of RV for discrepancy in Valuation Report

April 19, 2023 1053 Views 0 comment Print

IBBI  has perused the contraventions alleged in the SCN and the reply of the RV on the SCN. It is observed that the RV has neither countered the allegations made in the SCN nor provided any justification as to how his valuation report is in compliance with the applicable provisions of Valuation Rules. A valuation […]

ADD on imports of ‘Vinyl Tiles other than in roll or sheet Form’

April 19, 2023 2508 Views 0 comment Print

CBIC imposes anti-dumping duty (ADD) on imports of Vinyl Tiles other than in roll or sheet form originating in or exported from China PR, Taiwan and Vietnam vide Notifications No. 05/2023-Customs (ADD) Dated: 19th April, 2023. MINISTRY OF FINANCE (Department of Revenue) Notifications No. 05/2023-Customs (ADD) | Dated: 19th April, 2023 G.S.R. 308(E).—Whereas, in the matter […]

Order on Procedure for implementation of Section 12A of WMD Act, 2005

April 19, 2023 912 Views 0 comment Print

Procedure for Implementation of Section 12A of Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005 (WMD Act)

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