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Classification & rate of GST applicable on supply of PVC floor mats [Cars]

March 9, 2023 1725 Views 0 comment Print

AAR hold that impugned goods i.e. PVC floor mats for use in cars supplied by applicant is classifiable under CTH 8708 & applicable rate of GST would be 28% [14% each of CGST and SGST].

Advisory for faster assessment & clearance of goods in Faceless Assessment

March 8, 2023 1452 Views 1 comment Print

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS – I), JAWAHAR LAL NEHRU CUSTOM HOUSE, NHAVA-SHEVA,TAL-URAN, (e-mail:appraisingmain.jnch@gov.in; Telephone No.022-27244979) Public Notice No. 21/2023/JNCH Date:08/03/2023 DIN No. – 20230378NW000000B225 Sub: Streamlining the process and expediting assessment in FAG — reg. Attention of Importers, customs brokers, and all other stakeholders is invited towards various circulars issued by CBIC […]

IBBI disposes SCN against IP without direction as it found no mala fide in conduct of IP

March 7, 2023 768 Views 0 comment Print

The DC notes that Preamble of the Code makes it clear that all out efforts are to be made for resolution of the Corporate Debtor. CoC having sole FC has shown undue haste in reaching the conclusion, that CD has to be pushed towards direct liquidation. In the process, it discouraged the RP from even […]

Related party transactions not placed before Audit Committee meeting – Penalty Imposed

March 7, 2023 1437 Views 0 comment Print

It is observed that the subject company has not placed the related party transactions before the Audit Committee meeting held on 31.10.2018 for approval in compliance of section 118(1) of the Act r/w Secretarial Standard -1 (SS-1) issued by Institute of Company Secretaries of India. Relevant provision of para 1.3.8 of secretarial standard (SS-1) issued […]

Service tax not imposable on Manufacturing of Excisable Goods

March 5, 2023 1392 Views 0 comment Print

Gujarat Insecticides Ltd Vs C.C.E. & S.T. (CESTAT Ahmedabad) CESTAT find that activity of the appellant is indeed manufacture of excisable goods in terms of section 2(f) of CEA, 1944. As per the definition of business auxiliary service manufacture of excisable goods in terms of section 2(f) of the Central Excise Act, 1944 is clearly […]

Demand for extended period not sustainable when entire service tax with interest paid before issue of SCN

March 5, 2023 1284 Views 0 comment Print

Chiron Behring Veccines Private Limited Vs C.C.E. & S.T. (CESTAT Ahmedabad) CESTAT find that the appellant have made a submission about limitation and sought benefit of section 73 (3) and Section 80 of the Finance Act, 1994. As regard the limitation we find that the issue about taxability on reverse charge basis in respect of […]

HC upheld penalty for illegal export of Red Sandalwood/Red Sanders

March 5, 2023 1041 Views 0 comment Print

HC found no infirmity with decision of Adjudicating Authority and its findings that certain parties were involved in illegal export of Red Sandalwood/Red Sanders

No interest for period of delay in issuance of form SVLDRS-3 by department

March 5, 2023 948 Views 0 comment Print

Virtusa Systems (India) Private Limited Vs Union of India & Ors. (Bombay High Court) In this case issuance of form SVLDRS-3 was necessary, and it was not issued to the Petitioner due to the error on the part of the Respondents is an accepted position. The Petitioner therefore is entitled to a direction to the […]

Dr. Ruchi Chojer takes charge as Executive Director, SEBI

March 1, 2023 1224 Views 0 comment Print

Dr. Ruchi Chojer took charge as Executive Director, Securities and Exchange Board of India in Mumbai today. She will handle Human Resources Department (HRD) and Corporation Finance Investigation Department (CFID).

AAR Gujarat allows ‘D.M. Net Technologies’ to withdraw application

February 22, 2023 1059 Views 0 comment Print

In re D.M. Net Technologies (AAR Gujarat) Q. Whether the services provided by the applicant in affiliation to/ partnered with Gujarat University and providing education for degree courses to students under specific curriculum as approved by the Gujrat University, for which degrees are awarded by the Gujarat University are exempt from GST vide Entry No. […]

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