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ICAI removes name of one member and restore name of one Member

February 14, 2022 1794 Views 0 comment Print

It is hereby notified that the name of CA. M. Jayaraman (Membership No. 207004), shall stand removed from the Register of Members for a consolidated period of 13(Thirteen) months [01(one) year plus additional 1(one) month] with effect from 14th February, 2022.

How to Open Demat Account

February 14, 2022 2985 Views 0 comment Print

A Demat account holds and maintains shares and securities in an electronic/digital format. A Demat account facilitates easy trading and stock holding. A Demat Account holds all the investments of a person in one place.

GST Authority should follow procedure under Section 70 of CGST Act: HC

February 13, 2022 2226 Views 0 comment Print

Dhariwal Products Vs Union of India (Rajasthan High Court) By way of the instant writ petition, the petitioner seeks to assail the action of the respondent GST Department and its officials in conducting search and seizure of the petitioner’s premises, coercing the petitioner to deposit a huge sum of Rs.11.5 crores during the course of […]

An expense cannot be treated as Capital merely for increase in Turnover and Profit

February 13, 2022 897 Views 0 comment Print

DCIT Vs Omni Active Health Technologies Ltd. (ITAT Mumbai) Briefly, the assessee is in the business of trading of healthcare and Nutraceuticals Products. The assessee is being granted patents for the one of its process in United States. A US based company filed suit against the appellant in July, 2008 for infringement of the patents […]

ICMAI extends date of admission for CAT Course students

February 12, 2022 312 Views 0 comment Print

It is hereby notified that the last date of admission for CAT Course students stands extended up to 28th February, 2022 (Monday) for June, 2022 term of examination.

IA cannot receive fees for implementation services for products, where direct schemes/ products not available

February 12, 2022 585 Views 0 comment Print

As per Regulation 22A (2) of the IA Regulations, an IA can only provide implementation services in direct schemes/ products in the securities market. Further, in terms of the proviso to Regulation 22A (1) of the IA Regulations, an IA shall ensure that no consideration including any commission or referral fees, whether embedded or indirect […]

GST: AAR Punjab allows Harsh Agro and others to withdraw application

February 11, 2022 267 Views 0 comment Print

In re Harsh Agro and others (GST AAR Punjab) 1. M/ s Harsh Agro and others, as detailed in the table above and hereinafter referred to as ‘applicants’, had submitted an application for advance ruling in form GST ARA-01 dated 05.06.2018 seeking to know “whether GST is exempt or is applicable on the private Entrepreneurs Godowns […]

GST payable on production and sale of seeds

February 11, 2022 30297 Views 2 comments Print

In re Ganga Kaveri Seeds Pvt. ltd. (GST AAR Telangana) 1. Storage of seeds in the storage facility/godown, loading/unloading and packaging by job worker are not exempt under: a. Serial No. 54E of Notification No. 12/2017 as this entry pertains to Services relating to cultivation of plants and rearing of all life forms of animals, […]

GST exempt on accommodation service for residential or lodging purpose if per day tariff is below Rs. 1000

February 11, 2022 6960 Views 0 comment Print

In re Healersark Resources Private Limited (GST AAAR Tamilnadu) In the case at hand, the applicant has entered into lease agreements with third party service providers and in one such agreement entered into with AMET University( Academy of Maritime Education and Training) available on record, it is seen that the applicant has entered into the […]

Plan Smart For The Second Innings of Your Life

February 11, 2022 2946 Views 0 comment Print

Worried about the second innings of your life? Here is the best pension plan for you to fund your retirement and experience a good life. 

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