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DGAP to re-investigate Profiteering by distributor of L’Oreal India: NAA

October 4, 2022 1419 Views 0 comment Print

Director General of Anti-Profiteering Vs Raj & Company (NAA) There is no dispute with regard to the reduction of the tax in respect of subject products supplied by the Respondent with effect from 15-11-2017. The Government by Notification No 41/2017-CT (Rate) dated 14-11-­2017 has reduced rates on subject products. In view of the above said […]

NAA directs DGAP to recalculate amount of profiteering by E homes pvt Ltd

October 4, 2022 768 Views 0 comment Print

Sh. Sumit Mansingka Vs E-Homes Infrastructure Pvt. Ltd. (NAA) The Respondent E-Homes Infrastructure Pvt. Ltd. has made his detailed submissions regarding the fact that the credit of VAT for pre-GST era has been denied to him. He has also submitted copies of VAT returns and the UPVAT assessment orders for the relevant period in this regard. The […]

Committee of Experts on Sustainable Finance submits report to IFSCA

October 4, 2022 222 Views 0 comment Print

A ‘Committee of Experts on Sustainable Finance’, constituted by International Financial Services Centres Authority (IFSCA) submitted its final report to Chairperson, IFSCA on October 03, 2022.

NAA order No. 71/2022 in ‘Panchshil Infrastructure Holding Pvt. Ltd.’ for updation

October 4, 2022 660 Views 0 comment Print

Sh. Madhumal Panjumal Keswani Vs Panchshil Infrastructure Holding Pvt. Ltd. (NAA) In the Order No. 62/2022 dated 29.08.2022 of this Authority, after paragraph 32 and before paragraph 33, the following paragraph shall be added: 32A. The present investigation has been conducted up to 30.11.2020 only. However, the Respondent has not obtained the Completion Certificate (CC) […]

CIT(A) have powers to consider claim of assessee which was left half way by AO

October 4, 2022 2358 Views 0 comment Print

Addl. CIT Vs Mayur Batra (ITAT Delhi) When the taxable income of the tax-payer has to be computed on the basis of partial information in Return and remaining on queries put by the Ld AO during assessment, then in the next place the sum payable by assessee, on the basis of such computation has to […]

SEBI advised PMS investors to deal with SEBI registered intermediaries only

October 3, 2022 666 Views 1 comment Print

SEBI, cautions investors not to fall prey to such unauthorised money collection. While investing in securities market, investors are advised to deal only with SEBI registered intermediaries.

Weekly newsletter from Chairman, CBIC dated 03/10/2022

October 3, 2022 948 Views 0 comment Print

In another exceptional detection, officers of the DRI, MZU recovered 198 kg of high purity Crystal Methamphetamine and 9 kg high purity Cocaine estimated to be worth Rs. 1476 Crores, concealed in a consignment of fresh fruit. Kudos to the officers for their excellent intelligence work and outstanding detections of unique modus operandi.

Rule 29A. Procedure of import or export or procurement from or supply to DTA of aircraft by a Unit in IFSC

October 3, 2022 2457 Views 0 comment Print

Rule 29A. Procedure of import or export or procurement from or supply to Domestic Tariff Area of aircraft by a Unit in International Financial Services Centre

IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2022

October 3, 2022 576 Views 0 comment Print

IBBI notifies Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2022

How to upload documents in GST Transition forms?

October 3, 2022 4623 Views 0 comment Print

Manual on Uploading Documents in GST Transition Forms How can I upload documents in GST Transition forms? To provide tax officers an informed decision whether to pass ITC or not, Upload Document functionality is introduced. To upload documents in GST transition forms, perform the following steps: 1. Access the www.gst.gov.in URL. The GST Home page […]

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