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Covid-19 Vaccine – GST or no GST?

May 12, 2021 19386 Views 3 comments Print

Since last year or so, the entire country is going through tumultuous patches for society as a whole. Present second wave of COVID-19 has put the resources of country at greater strain wherein the entire mankind is struggling to keep their hope float leave alone the prospects of future.

Maharashtra extends Lockdown till 01st June 2021

May 12, 2021 5322 Views 0 comment Print

Maharashtra extends all the restrictions that have been imposed vide `Break the Chain’ orders dated 13th April, 21st April and 29th April,2021 along with all additions and clarifications issued thereof as well as imposes following additional restrictions in the State till 7 AM on 1st June, 2021.

Procedure for seeking prior approval for change in control of SEBI registered Portfolio Managers

May 12, 2021 1143 Views 0 comment Print

Regulation 11(aa) provides that a Portfolio Manager shall obtain prior approval of SEBI in case of change in control in such manner as may be specified by SEBI. Accordingly, it has been decided that all SEBI registered Portfolio Managers shall comply with the following in case they propose a change in control:

SEBI specifies qualified financial market participants under Bilateral Netting of Qualified Financial Contracts Act, 2020

May 12, 2021 855 Views 0 comment Print

SEBI specifies qualified financial market participants under Bilateral Netting of Qualified Financial Contracts Act, 2020 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 12th May, 2021 No. SEBI/LAD-NRO/GN/2021/24.—In exercise of the powers conferred by clause (b) of Section 4 read with sub-clause (vi) of clause (o) of sub-section (1) of section 2 of the […]

Anti-dumping Investigation on imports of ‘Acrylonitrile Butadiene Rubber (NBR)’

May 12, 2021 2844 Views 0 comment Print

Case No. ADD-(OI)-15/2020 – Anti-dumping Investigation concerning imports of Acrylonitrile Butadiene Rubber (NBR) into India originating in or exported from China PR, European Union (EU), Japan and Russia

Gauhati HC directs for Reconnecting Electricity Supply to Industrial Unit

May 11, 2021 1419 Views 0 comment Print

BDS Steel Vs Assam Power Distribution Co. Ltd (Gauhati High Court) The learned Senior Counsel for the petitioner has submitted that in the writ petition, the petitioner has disputed that this was a case of theft of electricity and therefore, it is submitted that the petitioner is not required to approach the Special Court as […]

Covid 19: Letter by Mallikarjun Kharge & response by Anurag Thakur

May 10, 2021 1305 Views 0 comment Print

A. Extract of letter by Shri. Mallikarjun Kharge, Member of Parliament, Leader of Opposition, (Ratya Sabha) dated 9th May 2021 to Prime Minister Shri Narendra Modi. Dear Prime Minister. On behalf of the people of India. I write to convey deep concern and sense of anguish regarding the unprecedented crisis the nation faces today. It […]

RBI relaxes Video based Customer Identification & KYC Process

May 10, 2021 2655 Views 0 comment Print

On a review, it has been decided to amend the MD on KYC to further leverage the Video based Customer Identification Process (V-CIP) and to simplify and rationalise the process of periodic updation of KYC.

DGFT’s COVID-19 Helpdesk to resolve International Trade related Issues

May 10, 2021 648 Views 0 comment Print

Industry can approach the Covid 19 Helpdesk for support and register their issues on the DGFT website (https://dgft.gov.in) or email at dgftedi@nic.in. Department of Commerce is committed to take up all such matters received on priority with other Ministries/Departments and State Governments/UTs.

‘Track assembly’ is an accessory to Motor vehicle – 28% GST Payable

May 7, 2021 3678 Views 0 comment Print

In Re Daebu Automotive Seat India Private Limited (GST AAR Tamilnadu) The product ‘Track Assembly’ manufactured and supplied by M/s. Daebu Automotive India Private Limited, is classifiable under CTH 8708 of the First Schedule to the  Customs Tariff Act, 1975 as applicable to GST as per Explanation (iii) to Notification 1/2017-Central Tax (Rate) dt 28.06.2017 […]

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