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No GST on value of by-products i.e., broken rice, bran & husk by treating as part of milling charges: HC

November 20, 2020 30900 Views 0 comment Print

Shiridi Sainadh Industries Vs Deputy Commissioner ST INT (Andhra Pradesh High Court) Writ Petition is allowed and the impugned Assessment Order passed by the 1st respondent vide Ref. No.CGST/ 2017-18/05 dated 29.10.2018 in so far as it relates to the levy of GST on the value of by-products i.e., broken rice, bran and husk treating […]

NAA directs DGAP to reinvestigate Subway franchisee & to exercise its powers

November 20, 2020 387 Views 0 comment Print

Director-General of Anti-Profiteering Vs Dange Enterprises (National Anti-Profiteering Authority) We observe that as an investigating agency, the DGAP has been conferred with wide-ranging powers under Rules 129 and 132 of the CGST Rules read with Section 171 of the CGST Act, 2017 to summon any relevant record which may be required for conducting an investigation […]

SC issues notice on continuance of prosecution despite payment of Income Tax with Penalty & Interest

November 20, 2020 960 Views 0 comment Print

Union of India Vs Prabir Kumar Shaw & Anr. (Supreme Court) Learned counsel for the petitioner contends that merely because the penalty and tax have been paid, the prosecution under Sections 276C, 277 and 278B of the Income Tax Act could not have been quashed. He further submits that similar issues are already under consideration […]

Initiatives & Interventions of MSME Ministry to tackle COVID-19

November 19, 2020 528 Views 0 comment Print

Technology based Initiatives & Interventions of MSME Ministry to tackle COVID-19 challenge leads to Effective response to Prime Minister’s call of Atmanirbhar Bharat & Make in India The Step Results in lowering the cost of Medical items including Hand Sanitizer; It leads to reducing imports and making exports possible of several COVID related medical items and auxiliaries

GST on services provided by University to its constituent colleges relating to admission to, or conduct of examination

November 19, 2020 13716 Views 0 comment Print

In re Bharathiyar University (AAR GST Tamilnadu) Whether the services provided by the University to its constituent colleges (viz) self-financing and management colleges relating to admission to, or conduct of examination by such institution by way of affiliation fee, registration fee such as 1. Application form fees 2. Application fees (Application* Registration fee) (each course/section) […]

Anti-Dumping duty on Phthalic Anhydride extended till 31.01.2021

November 19, 2020 510 Views 0 comment Print

Seeks to further amend notification No. 56/2015-Customs (ADD) dated 4th Dec, 2015 to extend the levy of Anti-Dumping duty on Phthalic Anhydride originating in or exported from Japan and Russia, up to and inclusive of 31st Jan, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 38/2020-Customs (ADD) New Delhi, the 19th […]

Notice to Candidates Appearing for the ICAI Exam November, 2020

November 19, 2020 687 Views 0 comment Print

The Institute has come across postings in the Social Media by some students stating that despite being tested Covid positive, they intend to appear for the CA Examinations – November, 2020.

Important Announcement For November 2020 CA Examinations

November 19, 2020 1092 Views 0 comment Print

You are aware that November 2020 ICAI Examinations are scheduled from 21st November 2020 at 1085+ examination centres at global level. While understanding the impact of COVID-19 Pandemic, ICAI has already announced that a separate examination will also be conducted from 21st January 2021 besides May 2021 examination.

DGGI busted Inter State Fake Invoice racket

November 18, 2020 816 Views 0 comment Print

Inter State Fake Invoice racket with fake transactions valued at over Rs. 131 Crore value busted by DGGI involving fraudulent Input Tax credit of Rs. 26.09 Crore

Lease with RLDA for a period of 99 years not exempt from GST: AAAR

November 18, 2020 1410 Views 0 comment Print

In re Hazari Bagh Builders Pvt Ltd (GST AAAR Rajasthan) 1. Appeal by the party is rejected. It was held that one amount paid as 1st installment of lease premium before Lease agreement cannot be treated security deposit and not exempted from GST. 2 RFP issued for development of land for residential purpose and consequently leased, […]

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