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CBDT re-designated posts due to change in nomenclature of NeAC & ReACs

March 31, 2021 4377 Views 0 comment Print

With the change in the nomenclature of National e-Assessment Centre (NeAC) and Regional e-Assessment Centres (ReACs) to National Faceless Assessment Centre (NaFAC) and Regional Faceless Assessment Centres (ReFACs), the following posts in the various grades of India Revenue Service are hereby re-designated as detailed below, with effect from 01.04.2021 and until further orders:

CBIC extends exemption from IGST & compensation cess to EOUs on imports

March 30, 2021 2373 Views 0 comment Print

Amendment to Notification No.52/2003-Customs dated 31.03.2003 for extending exemption from IGST and compensation cess to EOUs on imports till 31.03.2022 vide Notification No. 19/2021-Customs dated 30th March, 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 19/2021-Customs Dated: 30th March, 2021 G.S.R. 224(E).—In exercise of the […]

Sunset review investigation concerning imports of Normal Butanol

March 30, 2021 945 Views 0 comment Print

Case No. AD-SSR-13/2020 Sunset review investigation concerning imports of Normal Butanol from European Union, Malaysia, Singapore, South Africa and United States of America.

Anti-dumping investigation initiated against imports of Fluoro Backsheet

March 30, 2021 987 Views 0 comment Print

OI Case No. 03/2021 Initiation of anti-dumping investigation concerning imports of Fluoro Backsheet Originating in or exported from China PR

SEBI (Underwriters) (Repeal) Regulations, 2021

March 30, 2021 5103 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Underwriters) (Repeal) Regulations, 2021. 2. They shall come into force on the date of their publication in the Official Gazette.

Services by TANGEDCO to TANTRANSCO not constitutes electricity distribution service

March 30, 2021 3648 Views 0 comment Print

In re Tamilnadu Generation and Distribution Corporation Limited (GST AAAR Tamilnadu) Notification 12 notifies the list of services that are exempt from GST and has been issued in pursuance of the proviso in Section 11. Therefore, all entries in this notification deal only with services and not with goods. Entry No.25 under heading 9969 exempts […]

Time of supply of gift vouchers / gift cards under GST

March 30, 2021 6702 Views 0 comment Print

In re Kalyan Jewellers India Limited (GST AAAR Tamilnadu) The time of supply of the gift vouchers / gift cards by the applicant to the customers shall be the date of issue of such vouchers and the applicable rate of tax is that applicable to that of the goods. FULL TEXT OF ORDER OF APPELLATE […]

Operational Creditor should demonstrate its Claim to be treated as Operational Debt under IBC

March 28, 2021 5199 Views 0 comment Print

Kripa Cashew Exports Vs Royals International Trade And Allied Products Pvt. Ltd. (NCLT) In the present case, the first point which arises for consideration is whether the debt falls within the purview of Operational Debt under Section 5 (21) of the I&B Code,2016? To arrive at a decision, this Tribunal has gone through the judgement […]

Communicate reason for non-issue of SCN to importer if not issued Within 6 Month of Seizure: HC

March 28, 2021 885 Views 0 comment Print

Kannan Ramdurai Iyer Vs Commissioner of Customs (Madras High Court) In the present case the impugned intimation is dated 30.09.2020, signed on 29.09.2020 by the officer. The date of seizure is 06.03.2020 and the periods of six months (original period of seizure) expires on 05.09.2020. The intimation of extension should have been brought to the […]

Interest for Full Month on IT refund despite payment on last day of Month

March 28, 2021 3759 Views 0 comment Print

Maruti Suzuki India Ltd. Vs JCIT (OSD) (ITAT Delhi) The disputes pertain to the sole issue of interest under Section 244A of Income Tax Act, 1961  payable by Revenue to the assessee. Vide impugned appellate order  Ld. CIT(A) expressed the view that interest should be given to the assessee under Section 244A of I.T. Act […]

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