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Anti-Profiteering penalty not imposable for the period prior to 01.01.2020

May 12, 2022 975 Views 0 comment Print

Sh. Rahul Sharma on behalf of Local Circles India Pvt. Ltd. Vs Mataji Paints and Hardware (NAA) Respondent has denied the benefit of tax reduction to the customers in contravention of the provisions of Section 171 (1) of the CGST Act, 2017 and he has thus committed an offence under Section 171 (3A) of the […]

Dreamhome Infrastructures guilty of profiteering: NAA

May 12, 2022 3417 Views 0 comment Print

NAA finds that benefit of additional ITC of 4.81% of turnover has accrued to Dreamhome Infrastructures for the project ‘Heritage Max’. Which was required to be passed on to recipients but not passed.

Amendment in Scheme of Exemption & reimbursement of Stamp Duty

May 12, 2022 7068 Views 0 comment Print

The enterprises making new investment or investment for expansion under the scheme, as the case may be, for reimbursement of 25% of Stamp Duty, shall submit a duly completed application in Form-S, appended to the Scheme, to the Member Secretary of the appropriate Screening Committee within 90 days of the commencement of commercial production.

Filing of fire insurance products for Dwellings, Micro and Small Businesses

May 12, 2022 537 Views 0 comment Print

These standard products replaced the Standard Fire and Special Perils (SFSP) policy for the named risks and no product other than the standard products was permitted for Fire and allied risks. Needless to add, the pricing of the products shall be commensurate to the risks involved.

MCA invites Research studies on utilization of MCA-21 database

May 12, 2022 630 Views 0 comment Print

MCA invite research proposals under the scheme ‘Funding for Research Studies on Corporate Governance” under EC with the primary objective of utilization of the repository of corporate sector data available with the Ministry under the MCA-21 e-governance system, explore and expand the scope of utilization of MCA-21 database, formalize a research agenda and fund such research.

Rajiv Kumar appointed as new Chief Election Commissioner

May 12, 2022 243 Views 0 comment Print

In pursuance of clause (2) of article 324 of the Constitution, the President is pleased to appoint Shri Rajiv Kumar as the Chief Election Commissioner with effect from the 15th May, 2022.

DRI seizes 62 kg Heroin with estimated worth of Rs. 434 crore

May 12, 2022 561 Views 0 comment Print

DRI has unearthed yet another novel modus operandi and affected seizure of 62 kg Heroin on 10.05.2022 after interdicting an air cargo consignment. This is one of the biggest seizures of Heroin till date through courier/ cargo/ air passenger modes in India.

Payment of Family Pension (Submission of Documents) Rules, 2021

May 11, 2022 960 Views 0 comment Print

Sitting members immediately after taking their seat in the respective Houses of Parliament shall also submit the following documents, duly attested by them, to facilitate expeditious processing of family pension cases, as and when applied for, as per the provisions of sub-section (1) of section 8AC:-

Alignment of Appendix 4R with Finance Act, 2021 wef 01.01.2022

May 11, 2022 1062 Views 0 comment Print

A new RoDTEP schedule (Appendix 4R) has been notified for implementation with effect from 01.01.2022 after aligning the earlier schedule with the Customs tariff Schedule as per Finance Act, 2021.

Haryana Excise Policy for The Year 2022-23

May 11, 2022 34557 Views 0 comment Print

The Excise Policies of the State have successfully achieved and strengthened the long term objectives of breaking the cartels, broad-basing the trade by facilitating the entry of new players of even modest means, simplifying/unifying the structure of wholesale supply of liquor by giving wholesale licenses to retail licensees, establishing a transparent system of allotment of […]

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