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In Complete Address – Rs. 8 Lakh penalty imposed on Company & Officers

February 14, 2023 23109 Views 0 comment Print

Registrar of Companies, Gujarat issued a letter to the company but the letter returned back to this office with postal remark ‘In Complete.’ However, the address was mentioned as per master data of the company. Whereas, in view of the above, it is noticed that the company has not maintained its registered office of the […]

Enlistment of PSIA under Para 2.55 of Handbook of Procedure 2015-2020 -reg

February 14, 2023 1194 Views 0 comment Print

03 Agencies are notified as PSIA, additional areas of operation for 04 existing PSIAs and additional instruments in respect of 07 existing PSIAs have also been notified.

GST & Compensation cess on monthly lease fees of pre-owned Cars

February 13, 2023 12453 Views 0 comment Print

In re Dream Road Technologies Pvt. Ltd (GST AAR Haryana) Q1. Whether GST Rate and HSN applicable to the monthly lease fees received from customers for leasing pre-owned Cars would be determined in accordance with serial no. 17 (viia) of Notification No. 11/2017-Central Tax (Rate) dated 28- 06-2017 read with Notification No. 08/2018-Central Tax (Rate) […]

GST on export of pre-packaged & labelled rice upto 25 Kgs to foreign buyer

February 9, 2023 3756 Views 1 comment Print

In re D D International Pvt. Ltd (GST AAR Haryana) 1. Whether GST would be leviable on export of pre-packaged and labelled rice upto 25 Kgs, to foreign buyer? Yes 1. Whether GST would be applicable on supply of pre-packaged and labelled rice upto 25 Kgs, to exporter on ‘bill to ship to’ basis i.e., […]

GST on composite supply of services by way of milling of wheat into flour (atta) to Food & Supplies Department

February 9, 2023 1524 Views 0 comment Print

In re Jai Lokenath Flour Mills Private Limited (GST AAR West Bengal) What is the value of supply of services provided by the applicant for conversion of wheat provided by the State Government into atta/ fortified atta, for distribution by the State Government through Public Distribution System and what is the rate of tax applicable […]

ITC reversal on sale of alcoholic liquor for human consumption

February 9, 2023 9165 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 1773 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 20160 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 10908 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 4302 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 […]

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