Sponsored
    Follow Us:

ITC reversal on sale of alcoholic liquor for human consumption

February 9, 2023 6381 Views 1 comment Print

Applicant is required to reverse input tax credit (ITC) in terms of sub-section (2) of section 17 of the GST Act read with Rule 42 of the GST Rules for sale of alcoholic liquor for human consumption.

PVC cushion mats falls under chapter 39 of GST tariff rates

February 9, 2023 1122 Views 0 comment Print

In re Oswal Poly Rubbers (GST AAR Haryana) Q1. To clarify as to whether PVC Cushion mats for motor vehicles (with no Textile material to be used in these) after cutting to size from rolls, to fit in vehicle floors as per the requirement of the buyers and packing shall fall under HSN Code 3918 […]

Exposure Draft on Guidance Note on Financial Statements of LLPs

February 9, 2023 16047 Views 0 comment Print

As per LLP Act 2008, accounts of Limited Liability Partnership shall be audited in accordance with Rules prescribed under LLP Rules 2009

Exposure Draft on Guidance Note on Financial Statements of Non-Corporate Entities

February 9, 2023 8325 Views 0 comment Print

In case of corporate entities, the users or primary users of financial information are shareholders, regulators, potential investors, lenders, creditors and other stakeholders.

Penalty on ‘Adani Transmission Step-One Limited’ for delay in submission of resolution

February 9, 2023 3891 Views 0 comment Print

M/s. Adani Transmission Step-One Limited vide SRN dated 05.01.2023 has filed e-form MGT-14 62 (1) (c) to consider and approve issue and allotment of 25 crore Compulsorily Convertible Debentures of Rs. 100 each to Adani Transmission Limited by way of meeting of members held on 27.09.2022. Whereas, as per the provision of section 117(1) of […]

Entities allowed to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUA

February 8, 2023 1392 Views 0 comment Print

Govt notified another 39 reporting entities to use Aadhaar authentication services of UIDAI under section 11A of Prevention of Money-laundering Act, 2002.

RBI Monetary Policy Committee increases policy rates by 25 basis points

February 8, 2023 1176 Views 0 comment Print

As announced in Monetary Policy Statement dated February 08, 2023, it has been decided by Monetary Policy Committee (MPC) to increase policy repo rate under Liquidity Adjustment Facility (LAF) by 25 basis points from 6.25 per cent to 6.50 per cent with immediate effect.

Appellant cannot be treated as Local Authority merely for registration as Local Authority with Income Tax & GST Department

February 7, 2023 1107 Views 0 comment Print

In re Indian Hume Pipe Company Ltd (GST AAAR Karnataka) The Appellant has also taken pains to emphasise that BWSSB has been registered with the Income Tax Department and the GST Department as a ‘local authority’; that when both the departments have acknowledged the status of BWSSB as a local authority and accordingly granted them […]

Transhipment of goods by road from LCS Petrapole to Air Cargo Complex, Delhi allowed

February 7, 2023 1344 Views 0 comment Print

Transhipment of goods by road from LCS Petrapole to Air Cargo Complex, Delhi allowed wef 15.02.2023 following procedure prescribed in Circular No. 29/2020-Customs dated 22.06.2020

SEBI (Buy-Back of Securities) (Amendment) Regulations, 2023

February 7, 2023 4284 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Buy-Back of Securities) (Amendment) Regulations, 2023.

Sponsored
Sponsored
Search Post by Date
August 2024
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031