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‘Pattern of renting’ in relation to usage of property provides context in determination of unit

March 17, 2020 1149 Views 0 comment Print

In re ISPRAVA Hospitality Private Limited (GST AAR Maharashtra) ‘Pattern of renting’ in relation to usage of the property provides the context’ or ‘perspective’ in determination of unit of accommodation. In a hotel, a room constitutes ‘a unit’ whereas in a hostel, a bed may constitute ‘a unit’, as tariff is also declared accordingly. In the […]

20 Trillion USD Lawsuit filed against China for creating & releasing Covid-19

March 17, 2020 22143 Views 0 comment Print

According to a class action lawsuit filed in the U.S. District Court for the Northern District of Texas by ‘ Buzz Photos’ on Tuesday, China should pay up at least $20 trillion dollars whether it intentionally or unintentionally caused the global COVID-19 pandemic. Text of the Class suit filed is as follows:- Buzz Photos Vs […]

Settlement system under Asian Clearing Union (ACU) Mechanism

March 17, 2020 2625 Views 0 comment Print

In order to facilitate transactions / settlements, effective March 06, 2020, participants in the Asian Clearing Union will have the option to settle their transactions either in ACU Dollar or ACU Euro or in ACU Japanese Yen.

HC stays Distribution of Seized Jewellery by Income Tax Authority owing to COVID-19

March 17, 2020 435 Views 0 comment Print

Ashok R. Mansata Vs Union of India & Ors. (Calcutta High Court) Coronavirus that has brought to a standstill all activities around the world including our High Court. In the prevailing situation, I am of the view that passing a writ of mandamus against the Income Tax Authorities would go against the notification issued by […]

General Information Document for Investing in Public Offers

March 17, 2020 2046 Views 0 comment Print

SEBI Circular CIR/CFD/DIL/12/2013 dated October 23, 2013, specified the General Information Document (GID). However, the subsequent changes in laws, regulation and processes, necessitated changes in the GID.

SEBI Consultation Paper on Relaxation with respect to QIP issues

March 17, 2020 714 Views 0 comment Print

The objective of SEBI Consultation Paper on Relaxation with respect to QIP issues is to seek comments / views from the public and market intermediaries on relaxation with respect to requirement of 6 month gap between two successive QIP issues.

Transfers/postings and additional charge in CIT Grade of 16 CITs

March 17, 2020 3069 Views 0 comment Print

CBDT orders transfers/postings and additional charge arrangements in the grade of Commissioners of Income Tax  with immediate effect vide Office Order No. 49 of 2020 dated- 17.03.2020.

GST exemption on Pure services to Municipal Corporation & Councils

March 17, 2020 22467 Views 0 comment Print

In re Core Project Engineers & Consultants Private Limited (GST AAR Maharashtra) We find that the Services are provided by the applicant are in relation to Urban planning including town planning and Planning of land- use and construction of buildings in as much as all the said activities help the local authorities to do Town Planning, […]

Reg. Feature for modification of CIRP Forms (including IP-1 Form)

March 17, 2020 504 Views 0 comment Print

Feature for modification of CIRP Forms (including IP-1 Form) submitted by an Insolvency Professional (IP) in compliance of regulation 40B of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.

AAR cannot decide on correct discharge of GST by applicant

March 17, 2020 2274 Views 0 comment Print

In re Apsara Co-operative Housing Society Limited (GST AAR Maharashtra) In the instant case that, the question which has been raised by the applicant is not pertaining to any of the matters mentioned in Section 97 (2) of the GST Act. In other words. Section 97(2), which encompasses the questions, for the ruling by this Authority […]

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