Follow Us:

Nestle’ guilty of profiteering as not adopted correct methodology to pass on ITC Benefit

December 10, 2019 2991 Views 0 comment Print

Director General of Anti-Profiteering Vs M/s Nestle India Ltd (National Anti-Profiteering Authority) 1. The present Report dated 08.10.2018 and the supplementary Reports dated 16.01.2019, 01.02.2019, 15.03.2019, 08.05.2019 and 12.06.2019 have been received from the above Applicant (here-in­after referred to as the DGAP) after detailed investigation under Rule 129 (6) of the Central Goods & Services […]

Judgments in Favour of Revenue in Penny Stock Cases

December 10, 2019 23295 Views 1 comment Print

The provision for exemption of long term capital gains from shares requiring payment of securities transaction tax has been taken advantage by unscrupulous tax evaders. An organised tax evasion involving the brokers of stock exchanges, taxpayers and their consultants, entry operators and exist operators was in action for quite some time.

Anti-dumping duty on imports of Clear float glass

December 10, 2019 2529 Views 0 comment Print

Seeks to impose anti-dumping duty on imports of Clear float glass originating in or exported from Pakistan, Saudi Arabia and UAE in pursuance of Final findings of Designated Authority in sunset review of notification No. 48/2014-Customs (ADD) dated 11.12.2014 vide Notification No. 45/2019-Customs (ADD) dated 10th December, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT […]

Tamarind kernel falls under HSN Code 1207

December 10, 2019 1368 Views 0 comment Print

In re Kalagarla Suryanarayana Son (GST AAR Andhra Pradesh) Whether Tamarind Seed attracts Nil Rate of Tax under HSN Code 1209 (Forest Trees Seed) or Not? Basic issue before us is whether Tamarind Seed attracts Nil Rate of Tax under HSN Code 1209 (Forest Trees Seed) or not. The appellant at the time of Personal Hearing admitted […]

GST Seva Kendras resolve complaints related to GST

December 9, 2019 1302 Views 0 comment Print

CBECMITRA, a pan-India helpdesk, a national toll-free number and GST Seva Kendras have been established to resolve taxpayer grievances relating to Goods & Service Tax (GST).

Taxability of Capital Gain in Case of Joint Development Agreement (JDA)

December 9, 2019 42483 Views 10 comments Print

Individuals/ HUF who enters Joint Development Agreement with the builder are liable to capital gains in the year in which the certificate of completion is issued by the competent authority.

Anti-Dumping Investigation on imports of “Mono Ethylene Glycol”

December 9, 2019 1200 Views 0 comment Print

Case No. (O.I.) 21/2019 Initiation of Anti-Dumping Investigation concerning imports of Mono Ethylene Glycol originating in or exported from Kuwait, Oman, Saudi Arabia, UAE and Singapore.

First GST AA Decision- Section 129 proceeding cannot be initiated for Minor mistake(s) in e-way bill

December 7, 2019 22077 Views 0 comment Print

In case a consignment of goods is accompanied with an invoice or any other specified document and also an e-way bill, proceedings under section 129 of the CGST Act may not be initiated in case of minor mistakes like error in one or two digits/characters of the vehicle number.

SCN must be issue before Recovery under GST except in fraud cases: HC

December 5, 2019 2904 Views 0 comment Print

Godavari Commodities Ltd. Vs  Union of India (Jharkhand High Court) In the present case, though it is submitted by learned counsel for CGST that since the tax was paid, Section 73 (1) of the Act shall not be attracted in the case of the petitioner, but the fact remains that the tax was not paid […]

All about Fifth Bi-monthly Monetary Policy, 2019-20 of RBI

December 5, 2019 981 Views 0 comment Print

On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (December 5, 2019) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 5.15 per cent.

Search Post by Date
May 2026
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031