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GST on Treated Water’ obtained from STP

October 9, 2021 2991 Views 0 comment Print

Whether ‘Treated Water’ obtained from STP (classifiable under Chapter 2201) will be eligible for exemption from GST by virtue of SI. No. 99 of the Exemption Notification No. 02/2017- Integrated Tax (Rate) dated 28 June 2017 (as amended) as ‘Water (other than aerated, mineral, purified, distilled, medical, ionic, battery, de-mineralized and water sold in sealed container]’?

SEBI issues Directions to NCDEX regarding trading in Mustard Seed contracts

October 8, 2021 468 Views 0 comment Print

SEBI has issued the following directions to National Commodity & Derivatives Exchange Limited (NCDEX), in respect of trading in Mustard Seed contracts:

CBIC clarifies on GST rates & classification for 12 Category of goods

October 6, 2021 8892 Views 0 comment Print

CBIC clarifies Circular No. 163/19/2021-GST regarding GST rates & classification (goods) on 12 Type of Goods i.e. i. Fresh vs dried fruits and nuts; ii. Classification and applicable GST rates on Tamarind seeds; iii. Coconut vs Copra; iv. Classification and applicable GST rate on Pure henna powder and leaves, having no additives; v. Scented sweet […]

GST payable on e-procurement services provided to Government

October 4, 2021 2337 Views 0 comment Print

In re Telangana State Technology Services Limited (GST AAR Telangana) Whether the e-Procurement transaction fee collected on behalf of ITE&C Department of Telangana State Government towards online tenders’ results in supply of goods or services or both, within the meaning of supply as defined? The applicant is providing service to various departments of Telangana Government in […]

AAR Telangana allows Keisha Enterprises Private Limited to withdraw application

October 4, 2021 462 Views 0 comment Print

In re Keisha Enterprises Private Limited (GST AAR Telangana) In the reference 1stcited, M/s. Keisha Enterprises Private Limited, has sought certain clarification by filing an application for Advance Ruling. Through the reference 2ndcited, Superintendent (Central Tax) Jeedimetla Range was requested to go through the attachment and inform the above pendency of the issue and also […]

DGFT notifies quantity for export to EU under TRQ scheme

October 4, 2021 1011 Views 0 comment Print

The quantity of 5841 MT sugar (raw and/or white sugar) to be exported to EU under TRQ scheme from 01.10.2021 to 30.09.2022 has been notified.

Possession of property not mandatory to claim section 24(b) interest

October 4, 2021 17529 Views 0 comment Print

In our considered view, for claiming deduction of interest under Sec. 24(b) of the Act there is neither any such precondition nor an eligibility criteria prescribed that the assessee should have taken possession of the property so purchased or acquired by him.

Entertainment Tax leviable on payment for Admission to Live Concert of Thiru Yanni

October 3, 2021 1353 Views 0 comment Print

Black and White Media India Vs Principal Secretary and Commissioner of Commercial Taxes (Madras High Court) It is stated that ‘amusement’ means any amusement, for which the persons are required to make payment for admission to any amusement arcade or amusement park or theme park or the like by whatever name called. Thus, whether it […]

SVLDRS benefit cannot be availed if Excise Duty amount is neither quantified nor communicated

October 2, 2021 558 Views 0 comment Print

No. 1 World Wide Express Pvt Ltd. Vs Union of India (Delhi High Court) In the present case there was a reference to a unilateral declaration of liability by the petitioner and not a quantification of demand by the Revenue in the letter/notice dated 20.11.2018 and therefore, the same does not make the petitioner eligible […]

IT dept undertakes to maintain confidentiality of seized material before HC

October 2, 2021 534 Views 0 comment Print

Newslaundry Media Pvt. Ltd. & Anr. Vs Director General of Income Tax (Delhi High Court) Mr. Digvijay Singh, DDIT (Investigation), states that the seized material is in safe custody of the Income Tax Department and it shall be used for the purposes of investigation and in accordance with law. Mr. Sharma, assures and undertakes to this […]

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