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SEBI modifies MCR formats from January 2021 onwards

January 29, 2021 1143 Views 0 comment Print

Pursuant to introduction of a new scheme category and to bring transparency in reporting of segregated portfolios, it has been decided to modify MCR format from January 2021 onwards.

FAQ’s- System driven disclosures under SEBI (Prohibition of Insider Trading) Regulations, 2015

January 29, 2021 4137 Views 0 comment Print

SEBI has informed the Exchange that there have been few queries received from market participants seeking clarification with regard to SDD. To address these queries, FAQs as per Annexure I are being issued.

GST on diagnostic & treatment services rendered to Hospitals/Labs/biobanks registered outside India

January 29, 2021 2595 Views 0 comment Print

In re Dr. H.B. Govardhan (GST AAR Karnataka) (a) Is the applicant eligible to be registered under GST Act? The applicant is providing Business Promotion & Management Services, covered under SAC 9983 and are taxable as discussed at para 11 supra. The applicant being a service provider, as an intermediary, becomes a taxable person and […]

Cera Audit of Private Entity Not Permitted In GST

January 29, 2021 12516 Views 0 comment Print

Kiran Gems Private Limited Vs Union of India and Ors. (Bombay High Court) Petitioner submitted that the Central Goods and Services Tax Act, 2017 has no provision empowering CERA to conduct audit of the petitioner’s records also merits acceptance. Brief perusal of the annexure to the impugned communication reveals that detailed audit of the petitioner’s […]

Anti-dumping investigation on imports of 1-Phenyl-3-Methyl-5-Pyrazolone

January 28, 2021 486 Views 0 comment Print

CASE No. (OI) 24/2019 – Anti-dumping investigation concerning imports of ‘1-Phenyl-3-Methyl-5-Pyrazolone’ originating in or exported from China PR. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF TRADE REMEDIES) NOTIFICATION FINAL FINDINGS New Delhi, the 28th January, 2021 CASE No. (OI) 24/2019 Subject : Anti-dumping investigation concerning imports of “1-Phenyl-3-Methyl-5-Pyrazolone” originating in or […]

Notification No. 3/2021-Customs (ADD), Dated: 28.01.2021

January 28, 2021 1074 Views 0 comment Print

Notification No. 3/2021-Customs (ADD), Dated: 28.01.2021- Seeks to further amend notification No. 27/2016-Customs (ADD) dated 23rd Jun, 2016 to amend the name of Producer and Exporter.   MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 28th January, 2021 Notification No. 3/2021-Customs (ADD) G.S.R 54(E).—Whereas, the designated authority vide initiation notification number 7/23/2020-DGTR, dated the […]

Final Findings of Anti-dumping Investigation on imports of Phenol

January 28, 2021 927 Views 0 comment Print

Case No: ADD-(OI) 02/2020 Final Findings of Anti-dumping Investigation concerning imports of ‘Phenol’ into India originating in or exported from Thailand and United States of America. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF TRADE REMEDIES) NOTIFICATION FINAL FINDINGS New Delhi, the 28th January, 2021 Case No: ADD-(OI) 02/2020 Subject: Final Findings […]

Notification No. 2/2021-Customs (ADD), Dated: 28.01.2021

January 28, 2021 1515 Views 0 comment Print

Notification No. 2/2021-Customs (ADD), Dated: 28.01.2021 – Seeks to further amend notification No. 3/2018-Customs (ADD) dated 23rd Jan, 2018 to amend the name of Producer. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 28th January, 2021 Notification No. 2/2021-Customs (ADD) G.S.R. 53(E).—Whereas, the designated authority vide initiation notification number 7/22/2020-DGTR, dated the 5th August, […]

Notifications No. 1/2021-Customs, Dated: 28.01.2021

January 28, 2021 1857 Views 0 comment Print

Seeks to confirm the provisional Bilateral Safeguard measure on imports of Polybutadiene Rubber excluding titanium and lithium grades originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement, and to further amend notification No.152/2009-Customs, dated the 31st December, 2009 to modify the rate of duty of customs on said imports, on recommendation […]

AO cannot reject Share valuation method adopted  by Taxpayer Arbitrarily

January 28, 2021 939 Views 0 comment Print

Bharat Elevators & Engineers Private Limited Vs ITO (ITAT Kolkata) There are two limbs in Section 56(2)(viib) of the Act. As per explanation to Section 56(2)(viib) of the Act, the first limb is valuation to be made as per the prescribed method. In fact, the method for valuation of shares is prescribed under Rule 11UA […]

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