Bagasse is non-excisable to which the CENVAT Credit Rules have no application, and held that the Circular dated 25.04.2016 is unsustainable in law.
Such lending shall be subject to the end-use prescriptions as applicable to External Commercial Borrowings (ECBs) in terms of paragraph 2.1(viii) of the Master Direction – External Commercial Borrowings, Trade Credits and Structured Obligations dated March 26, 2019, as amended from time to time.
RBI designate two more securities as well as all new issuances of Government securities of 7-year and 14-year tenors as ‘specified securities’ under the FAR.
All Cyber-attacks, threats, cyber-incidents and breaches experienced by QRTAs shall be reported to SEBI within 6 hours of noticing / detecting such incidents or being brought to notice about such incidents.
Pramod Agarwal Vs Arihant Superstructures Limited (NAA) The Authority finds that the Applicant no. 1 is an interested party and has complained regarding non passing on of benefit of ITC in relation to a specific Unit i.e. Flat no. 4-301 in Tower Benicia. This Authority holds that, the said Applicant no. 1 has locus standi […]
Director General of Anti-Profiteering Vs NY Cinema LLP (NAA) The main issues to be examined was whether the GST rate on Services by way of admission to exhibition of cinematograph films where price of admission ticket was above one hundred rupees were reduced from 28% to 18% and “Services by way of admission to exhibition […]
Mohit Industries Vs Commissioner of Customs (CESTAT Delhi) The impugned consignment was detained and was proposed to be confiscated for want of the proper BIS certificate. This being a Bureau of India Standards certificate is issued by the respective Ministry in the favour of the manufacturer who further issues same to its buyers. Since the […]
J. K. Cement Works Vs Commissioner, Central Goods & Service Tax (CESTAT Delhi) Commissioner (Appeals) disallowed Cenvat credit totalling Rs. 2,50,195/-, which was mainly on account of iron and steel structure, tower material, steel casting. Appellant inter alia urges that admittedly these items have been used by the appellant in the factory of production. These items […]
GST Council constitutes a Group of Ministers (GoM) to look into the issues involved with reference to changes required in provisions pertaining to the GST Appellate Tribunal in the GST Laws to bring it in conformity with judgements of the Courts in relation to various aspects concerning Tribunals. A-50050/150/2018-CESTAT-DOR Government of India Ministry of Finance […]
ICAI takes disciplinary action against 17 Chartered Accountants vide 17 notifications issued on 6th July, 2022. THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 6th July, 2022 (CHARTERED ACCOUNTANTS) F. No. PR/211/12/DD/104/13/DC/454/16.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 […]
