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Haryana govt allows reimbursement of SGST on film titled ‘The Kashmir Files’

March 11, 2022 3015 Views 0 comment Print

Government of Haryana has allowed for reimbursement of State GST on entry to exhibition of film ‘The Kashmir Files’ in cinemas theaters of the State from the date of this order subject to the following conditions: –

Negotiated Large Trade facility on Stock Exchanges

March 11, 2022 606 Views 0 comment Print

In order to facilitate connects of recognised stock exchanges in IFSC with international exchanges, the price limits on NLT facility mentioned at clause 2(b) of circular dated June 22, 2021 may be aligned with the international exchange for such derivatives products that are having connect with any international exchange;

Guidelines for Scheme for Strengthening of Pharmaceuticals Industry (SPI)

March 11, 2022 2010 Views 1 comment Print

The Pharmaceuticals industry a key sector for achieving wellness for all Indians. It is also an important sector in terms of providing employment to trained personnel. Atmanirbhar Bharat envisages self-reliance in terms of healthcare products, among other things, for people of India.

GST fraud of Rs. 630 crs- CGST Ghaziabad arrested 1 person

March 11, 2022 4020 Views 0 comment Print

CGST Ghaziabad arrested 1 person in follow up of an earlier case which involved GST fraud of Rs. 630 crs. in value and fake ITC of approx 100 crs. by creating 50 bogus firms, using multiple PAN, mobile numbers and bank accounts. 2 persons have been arrested in the case so far. PRESS NOTE CENTRAL […]

Fake ITC & bogus billing: CGST Bhiwandi Commissionerate arrests a businessman

March 11, 2022 2022 Views 0 comment Print

A businessman involved in Fake Input Tax Credit racket has been arrested by the officers of Bhiwandi Commissionerate of CGST Mumbai Zone. Intelligence was developed by anti-evasion, Bhiwandi CGST of Mumbai CGST Zone, using different data analytics tools such as Advait, E-way Bill Portal etc.

CHA liable for penalty for allowing misuse of license by lending it to unscrupulous persons

March 11, 2022 3966 Views 0 comment Print

R.S. Arunachalam Vs Commissioner of Customs (CESTAT Chennai) These appeals are filed against the orders passed by Commissioner (Appeals) who set aside the order passed by original authority and remanded the matter to reconsider the non-imposition of penalty on the appellants under Section 114 of the Customs Act, 1962. M/s.R.S. Arunachalam is the Customs Broker […]

Matter already pending before a Custom officer- CAAR rejects Application

March 10, 2022 1776 Views 0 comment Print

In re Multi Channel Inc (CAAR Mumbai) It is clear from a plain reading of proviso (a) to sub-section (2) of section 28-1 of the Customs Act, 1962, that the question involved in the application is already pending in the applicant’s case before an officer of customs, the law does not allow CAAR to pronounce […]

Union Finance minister confers Presidential awards to CBIC officers

March 10, 2022 1038 Views 0 comment Print

Union Finance minister confers the Presidential awards to CBIC officers President’s Awards 2021 & 2022 Investiture Ceremony The Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman was the Chief Guest at the Investiture Ceremony for the conferment of the Presidential Awards in the form of Appreciation Certificates and Medals for – “Exceptionally Meritorious […]

Coating activities done by applicant on goods belonging to customer is Job work

March 10, 2022 3843 Views 0 comment Print

In re lonbond Coatings Pvt. Ltd. (GST AAR Maharashtra) The applicant is mainly engaged in to coating activities, which is mainly applied on goods belonging to customer and provides high performance Physical Vapor Deposition (PVD) and Plasma Assisted Chemical Vapor Deposition (PACVD) wear corrosion protection and decorative coatings. The applicant provides standard coating portfolios for […]

GST on Paintings, Old & antique Car/jewellery/watches/Books

March 10, 2022 15003 Views 0 comment Print

Paintings bought from individual art collectors will be classifiable under Heading 9701 and the applicant is liable to pay GST of 12%. Articles of jewellery and parts thereof, of precious metal will fall under Heading 7113 of the GST Tariff attracting 3% GST.

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