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Nomination for Mutual Fund Unit Holders – Extension of timelines

July 29, 2022 1461 Views 0 comment Print

SEBI mandated submission of nomination details/declaration for opting out of nomination for investors subscribing to mutual fund units on or after August 1, 2022.

Automated deactivation of trading & demat accounts in cases of inadequate KYCs

July 29, 2022 777 Views 0 comment Print

To ensure that client furnishes accurate/updated details of address and to ensure that KYC details are correct, following framework involving stock exchanges is proposed

Orissa Sales Tax Act- Tin containers classifiable under Entry 129 of List-C

July 29, 2022 696 Views 0 comment Print

Maharshi Steel Industries Vs Commissioner of Sales Tax (Orissa High Court) HC held that that the expression ‘tin containers’ is to be understood in the normal commercial and trade parlance and it would be erroneous for the Department to insist that only containers manufactured entirely out of tin should be considered to be tin containers. […]

Request for Extension of date of normal return of income Tax till 31st August

July 29, 2022 12855 Views 4 comments Print

Last date of filing of Income Tax return is 31st July. But you know that  last year work of financial year ending March 2021 is completed in the March 2022 and now all the tax payers salaried and general tax payer’s last date is 31st July and non-audited return is also 31st July

Extension of Customs clearances beyond normal working hours in ICDs

July 29, 2022 4137 Views 0 comment Print

Extension of the facility of 24×7 Customs clearance to ICDs across the country, so as to cater to the requirements of the trade.

Tariff Notification No. 65/2022-Custom (N.T.), Dated: 29.07.2022

July 29, 2022 786 Views 0 comment Print

Notification No. 65/2022-Custom (N.T.), Dated: 29.07.2022- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, the 29th July, 2022 Notification No. 65/2022-Custom (N.T.) S.O. 3576(E).—In exercise of the powers conferred by sub-section (2) of […]

Swati Realty guilty of not passing ITC benefit to Home Buyers

July 29, 2022 1131 Views 0 comment Print

Nilang Shastri Vs Swati Realty (NAA) Applicant alleged profiteering by Respondent Swati Realty in respect of purchase of a Flat in the Respondent’s project –Swati Florence, Ahmedabad, Gujarat. The Applicant  has alleged that the Respondent had not passed on the benefit of ITC to him by way of commensurate reduction in price after the implementation […]

AAR Tamilnadu allows Tulasi Textiles to withdrawn the application

July 29, 2022 654 Views 0 comment Print

In re Tulasi Textiles (GST AAR Tamilnadu) The application filed by the applicant seeking Advance Ruling is disposed as withdrawn as per the request of the applicant. FULL TEXT OF THE ORDER OF AUTHORITY FOR ADVANCE RULING, TAMILNADU Note: Any appeal against the Advance Ruling order shall be filed before the Tamil Nadu State Appellate Authority […]

AAR Tamilnadu allows Sakkthi Polymers to withdrawn application

July 29, 2022 609 Views 0 comment Print

Application in FORM GST ARA -01 of Sakkthi Polymers, vide reference online ARA application dated 09/07/2020, is disposed of, as being withdrawn voluntarily

GST evasion: HC grants bail to accused subject to deposition of Rs. 2 crore

July 29, 2022 1338 Views 0 comment Print

Revenue contended that applicant defrauded State Exchequer of Rs. 21.59 crores and still investigation is going on and quantum of tax evasion involved is also further likely to increase and considering the conduct of the applicant, if bail is granted

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