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GST on catering, banquet facilities & combination by hotel having all rooms below Rs. 7500

August 28, 2020 52452 Views 1 comment Print

In re Jewel Classic Hotels Pvt. Ltd. (GST AAR Haryana) 1. Whether catering of food, banquet facilities and combination of both (as per requirement of the customer) in self-owned marriage and party halls by Hotel Jewels (having all rooms below Rs. 7,500/-), Kunjpura Road, Karnal (A unit of Jewel Classic Hotels Pvt Ltd) is covered […]

GST notification No. 11, 20, 24/2017 Central Tax (Rate) applicable from date of publication in Official Gazette

August 28, 2020 14301 Views 0 comment Print

In re Dee Vee Projects Limited (GST AAR Madhya Pradesh) In respect of Question regarding the rate of tax applicable on the Composite Supply of Works Contract, we are unable to answer the question on account of insufficient information provided by the applicant. In respect of the effective date of the amendments to Notification No. […]

Transaction of Business of Govt of Union territory of Jammu & Kashmir Rules, 2019

August 27, 2020 5658 Views 0 comment Print

All contracts in connection with the administration of the Union territory shall be expressed to be made by the President and shall be executed on behalf of the President by the Lieutenant Governor, or a person authorised by the Lieutenant Governor.

GST refund: HC instructs revenue to pass appropriate order

August 26, 2020 1383 Views 0 comment Print

Having heard learned counsels appearing for the parties, without any opinion on merits of the show cause notice dated 11.1.2020 issued by respondent authorities to the petitioner, at this stage, interest of justice would be served, if the concerned respondent authorities shall hear the petitioner on the issue of show cause notice and after hearing the petitioner, pass necessary orders.

Reporting of violations under SEBI Insider Trading Regulations

August 26, 2020 4458 Views 0 comment Print

SEBI vide Gazette Notification No. SEBI/LAD-NRO/GN/2020/23 dated July 17, 2020, has further amended the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations).

GST: AAR allowed ‘Trucity Developers’ to withdraw application

August 24, 2020 642 Views 0 comment Print

In re Trucity Developers LLP (GST AAR Rajasthan) Q. Whether the sale of plots, commercial or residential by the developer applicant to the buyers shall be considered as taxable supply of goods or service under section 7 of CGST Act, 2017 read with clause No. 5 of schedule III? A. We observed that, authorized signatory […]

New Definition of Micro, Small & Medium Enterprises- clarifications

August 21, 2020 4749 Views 0 comment Print

(i) Classification / re-classification of MSMEs is the statutory responsibility of the GoI, Ministry of MSME, as per the provisions of the MSMED Act, 2006. (ii) As per para 2 of the said Gazette notification all enterprises are required to register online and obtain ‘Udyam Registration Certificate’. All lenders may, therefore, obtain ‘Udyam Registration Certificate ’from the entrepreneurs.

SEBI (IFSC) Guidelines, 2015-New Clause 8(3) incorporated

August 21, 2020 744 Views 0 comment Print

8(3) An entity, based in India or in a foreign jurisdiction, may provide financial services in IFSC, subject to compliance with the applicable regulatory framework/ guidelines for such financial services, as specified by the Board, from time to time

Goods cannot be detained merely because Consignee mentioned as Unregistered Person in E-Way Bill

August 21, 2020 4236 Views 0 comment Print

The issue under consideration is whether detention of goods merely because the consignee is mentioned as an unregistered person in the e-way bill is justified in law?

Ad-hoc/Short Review/Renewal of Credit Facilities- RBI instruction

August 21, 2020 11247 Views 0 comment Print

Banks are, therefore, expected to have a detailed Board approved policy on methodology and periodicity for review/renewal of credit facilities within the overall regulatory guidelines, and adhere to the same strictly.

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