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Cenvat Credit not reversible in absence of Physical removal of capital goods

April 4, 2019 1212 Views 0 comment Print

Cenvat held that appellant is not required to reverse Cenvat credit as the capital goods have not been physically removed from the premises where they were initially installed.

IRDA Obligatory Cession Notification for the FY 2019-20

April 4, 2019 1581 Views 0 comment Print

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyberabad, the 4th April, 2019 F. No IRDAI/RI/3/154/2019.—In exercise of the powers conferred by Sub-section (2) and (4) of the Section 101A of the Insurance Act, 1938, the Authority, after consultation with the Advisory Committee, constituted under section 101B of the Insurance Act, 1938 and with the […]

ITC on GST charged by Contractor for hiring of buses for transportation of employees

April 3, 2019 21894 Views 0 comment Print

In re YKK India Pvt Ltd (AAAR Haryana) 1. Whether the applicant (YKK) is eligible to take input tax credit on GST charged by the Contractor for hiring of buses for transportation of employees? Yes, applicant is eligible to take input tax credit on GST charged by the Contractor for hiring of buses having approved […]

Withdrawal of TRA facility for MEIS/SEIS scrips on or after 10.04.2019

April 3, 2019 4407 Views 0 comment Print

TRA facility for scrips issued from all ports (except SEZ and non EDI ports) has been withdrawn for MEIS/SEIS scrips issued on or after 10.04.2019.

TNGST: Additional documents to be carried when E-Way Bill expires

April 2, 2019 2226 Views 0 comment Print

In case the e-way bill generated in respect of those goods which were brought from other States into the State through multimodal transport gets expired and such goods are intended to be transported to a place other than the place of final delivery mentioned in the expired e-way bill, after clearance from the last port or railway station or airport located in the State of Tamil Nadu,

IBC takes 300 days, BIFR took 5-8 yrs; IBBI not submitted any affidavit

April 2, 2019 639 Views 0 comment Print

This has reference to an article appearing in the Business Standard dated 1st April, 2019, titled IBC takes 300 days, BIFR took 5-8 yrs; IBBI Chief.

Regulating the Unregulated Deposits

April 2, 2019 2142 Views 0 comment Print

In light of various Ponzi/ chit fund schemes, the President of India promulgated the Banning of Unregulated Deposit Schemes Ordinance, 2019 on 21 February, 2019. By bringing this ordinance into effect, the Government has cracked down on unregulated deposit schemes, which lured investors with high interest rates and duped them of their investments.

Scope of Spice Form widened by Covering GSTIN, ESIC & EPFO Registration

April 2, 2019 2289 Views 0 comment Print

Spice Form has Widened its Scope by Covering Three Important Registration Viz GSTIN, ESIC and EPFO The Ministry of Corporate Affairs in its notification dated 29th March, 2019, inserted a new Rule 38A under the Companies (Incorporation) Third Amendment Rules, 2019. Scope : The application for Incorporation of Company under Rule 38 shall be accompanied […]

Self Regulatory Organizations in Securities Market

April 1, 2019 7125 Views 0 comment Print

The distributors of MF products and Investment Advisers (IAs) are becoming important players in the market and growing in numbers. There are approx. 1.24 Lakh distributors of MF products as on February 28, 2019 and 1,136 IAs registered with SEBI as on March 19, 2019.

4 notifications Restricting import of Peas and Pulses

April 1, 2019 2523 Views 0 comment Print

Department of Commerce, Ministry of Commerce & Industry has issued the Notifications (i) S.O. No.1478 (E) dated 29th March, 2019, (ii) S.O. No.1479 (E) dated 29th March, 2019, (iii) S.O. No.1480 (E) dated 29th March, 2019 and S.O. No.1481 (E) dated 29th March, 2019, restricting import of Peas and Pulses.

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