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Archive: 17 August 2023

Posts in 17 August 2023

GST Notification: Appointment of Common Adjudicating Authority for United Spirits Ltd

August 17, 2023 1539 Views 0 comment Print

Detailed analysis of Notification No. 40/2023-Central Tax, appointing a common adjudicating authority for show cause notice against M/s United Spirits Ltd.

GST Council Newsletter for the month of July 2023

August 17, 2023 3288 Views 0 comment Print

The 50th meeting of the GST Council which convened in New Delhi on 11th July 2023, concluded with the formulation of several momentous decisions that are expected to impact various sectors in India. Notably, in commemoration of this landmark meeting, the Chairperson of the GST Council unveiled a short video film titled ‘GST Council- 50 […]

Notification No. 39/2023-Central Tax: Amendments to Notification No. 02/2017

August 17, 2023 2424 Views 0 comment Print

Detailed analysis of Notification No. 39/2023-Central Tax, containing amendments to Notification No. 02/2017-Central Tax dated 19.06.2017.

Only suppliers can initiate the advance ruling process not recipient: AAAR

August 17, 2023 1896 Views 0 comment Print

Dive into the case of Uttar Pradesh Metro Rail Corporation Ltd. to understand the significance of only suppliers being allowed to file for GST advance rulings.

Registration of TCSPs with FIU-IND: PMLA Reporting Requirements

August 17, 2023 1566 Views 0 comment Print

Learn about new PMLA reporting obligations for Trust and Company Service Providers (TCSPs) notification. Registration with FIU-IND in FINNET 2.0 portal is essential.

SEBI Voluntary Delisting Norms Review 2023

August 17, 2023 3315 Views 0 comment Print

Consultation paper by SEBI seeks public input on voluntary delisting norms under SEBI’s 2021 regulations. Review of reverse book building, alternative mechanisms, and more.

Breaking Long-Standing Position In Resale Price Maintenance? CJEU’s Super Bock Decision

August 17, 2023 543 Views 0 comment Print

Explore EU’s significant shift in regulatory approach towards Resale Price Maintenance (RPM) through CJEU’s Super Bock case. A paradigm change in RPM evaluation.

ITAT allows 25% reduction in DLC Rate considering restriction on use of land, Section 50C addition deleted

August 17, 2023 1461 Views 0 comment Print

Read about the ITAT Jaipur decision in Ajay Kumar Jain vs ITO case, allowing 25% reduction in DLC Rate due to land use restrictions. Section 50C addition deleted. Analysis and conclusion included

Deflation in China

August 17, 2023 1497 Views 0 comment Print

Deflation in China refers to a sustained and general decrease in the overall price level of goods and services within the Chinese economy. This economic situation is characterized by falling prices, reduced consumer spending, decreased business investment, and potentially negative impacts on economic growth. Deflation is the opposite of inflation, where prices generally rise over time. Deflation can have various causes, ranging from structural economic factors to monetary policy decisions.

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