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Central Excise (Amendment) Rules, 2022

June 30, 2022 2004 Views 0 comment Print

Provided that nothing contained in this rule shall apply to Motor spirit, commonly known as petrol, High­ speed diesel oil and Aviation Turbine Fuel

185 Regular promotion in the grade of JCIT

June 30, 2022 3291 Views 0 comment Print

Office Order No.129 of 2022 [Regular promotion in the grade of JCIT] F. No.A-32012/4/2021-Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi. The 30th June, 2022. OFFICE ORDER NO. 129 OF 2022 The president is pleased to promote the following officers of Indian Revenue Service […]

No GST on reimbursement received by industry partner for stipend paid to students

June 29, 2022 1434 Views 0 comment Print

Authority has held that the reimbursement by Industry Partner to the applicant, of the stipend paid to the trainees, does not attract tax under the GST Act.

GST on value of diesel filled free of cost – AAR Maharashtra allows withdrawal of application

June 29, 2022 1089 Views 0 comment Print

The Application in GST ARA Form No. 01 of M/s THE GYPSUM COMPANY (Santosh Nagappa Shetty), vide reference Online ARA Application Dated 28.08.2020 is disposed of, as being withdrawn voluntarily and unconditionally.

Scented & Flavoured and/or Sweetened Betel Nut’ merit classification under CTH 080280

June 29, 2022 2244 Views 0 comment Print

In the case of Scented & Flavoured and/or Sweetened supari, the question to be answered is whether the addition of special flavoring agents would render the betel nuts into preparations of betel nuts, classifiable under Chapter 21. In this regard, the judgment of the Honble Supreme Court of India in the case of M/s Crane Betel Nut Powder Works and of the CESTAT, Chennai in the case of M/s Azam Laminators Pvt. Ltd.

CBIC Notifies Rate of Exchange of Swiss Franc wef 30.06.2022

June 29, 2022 447 Views 0 comment Print

CBIC Notifies Rate of Exchange of Swiss Franc wef 30.06.2022 vide Notification No. 54/2022 -Customs (N.T.) Dated: 29th June, 2022 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 54/2022 – Customs (N.T.) New Delhi, dated the 29th June, 2022 In exercise of the powers […]

IRDAI Repeals 19 Old circulars

June 29, 2022 2235 Views 0 comment Print

In light of the regulatory framework already in force, the 19 IRDAI circulars / guidelines attached to this circular stands repealed.

Allowing FPIs to participate in Exchange Traded Commodity Derivatives market

June 29, 2022 627 Views 0 comment Print

The existing Eligible Foreign Entity (EFE) route, which required actual exposure to Indian physical commodities, has been discontinued. Any foreign investor desirous of participating in Indian ETCDs with or without actual exposure to Indian physical commodities, can do so through FPI route.

Penalty imposable for Bogus Claim of Short Term Capital Loss

June 28, 2022 1284 Views 0 comment Print

Explore the ITAT Ahmedabad decision in Texmat Agencies Pvt. Ltd. vs. ITO regarding the upheld penalty for the assessee bogus short-term capital loss claim.

CIT(A) cannot confirm Findings of AO without Examining Documentary Evidences filed by Assessee

June 28, 2022 681 Views 0 comment Print

Dive into Smt. Rani appeal against the addition of Rs. 611,000 as unexplained cash deposit. Detailed analysis of the ITAT Amritsar order and its implications.

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