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Amendment in Sl No. B VI of Appendix 4B ‘ List of Nominated Agencies

June 17, 2021 588 Views 0 comment Print

Appendix 4B is amended and the above registered office address and branch addresses of M/s Diamond India Limited are included in Appendix 4B.

2 New Enhancements in ICES in respect of Faceless Assessment

June 17, 2021 447 Views 0 comment Print

A new option has been provided to the FAG officers in the VDC (Faceless AC/DC) and VDN (Faceless JC/ADC) roles to view details of the Bills of Entry assessed by that FAG. This new option will also assist FAG officers in viewing the details even after assessment/clearance in case any further action like issuance of speaking order etc. is to be taken by them.

AAR cannot determine whether GST liability is justified/valid or amount to double taxation or not

June 17, 2021 3600 Views 0 comment Print

In re Bhopal Dugdh Sangh Sahakari Maryadit (GST AAR Madhya Pradesh) Authority is of the view that based within the meaning of Section 97 of the GST Acts, an application for Advance Ruling can only be made to determine the ‘liability to pay tax’ on any goods or services or both. The Applicant himself accepts […]

Epoxidised Soya bean Oil classifiable under tariff item 1518

June 17, 2021 2079 Views 0 comment Print

In re Dhanraj Organics Private Limited (GST AAR Madhya Pradesh) AAR ruled that Epoxidised Soya bean Oil is rightly classifiable under tariff item 1518 and GST @5% is leviable as the said product is specifically covered under the entry no.90 of Schedule-I of Notification No. 1/2017-Central Tax (Rate) dated 28.07.2017. as amended from time to […]

Cigarette Sticks not declared in IGM: CESTAT quashes Penalty as No Opportunity of Cross-Examination given

June 17, 2021 453 Views 0 comment Print

Explore the CESTAT Ahmedabad case of Majhar Muzaffar Hussain Sayed vs. C.C.-Mundra. Delve into the nuances of penalties imposed, cross-examination demands, and the remand for a fresh decision.

High seas purchase: Cenvat/Service Tax credit cannot be denied for some gap left in statute

June 17, 2021 795 Views 0 comment Print

Mammon Concast Pvt. Limited Vs Commissioner of Central Goods and Service Tax, Customs & Central Excise (CESTAT Delhi) Admittedly the melting scrap purchased by the appellant on high sea sale, is their input for manufacture of M.S. I further find that Rule 9(1) of Cenvat Credit Rules provides that cenvat credit shall be taken by […]

Income from Sale/Purchase of property by Real Estate Agent is Business Income

June 17, 2021 14901 Views 1 comment Print

ITO Vs Suresh Babu Vasireddy (ITAT Hyderabad) The assessee is basically engaged in the business as a real estate agent in Hyderabad deriving commission income. The modus operandi of the business activity is that of identifying properties for sale in Hyderabad and simultaneously identify the interested buyers and sell the properties with a marginal profit. […]

Fake GST invoices case: HC ask petitioner to approach Court of Special Judge for Economic Offences

June 16, 2021 4275 Views 0 comment Print

Vennapusa Venkata Subba Reddy Vs Union of India (Andhra Pradesh High Court) It is allegged that petitioner has issued fake GST invoices with a total turnover of Rs. 397,28,11,944/- without supply of goods to different business firms/companies by passing on a total fraudulent input tax credit of Rs. 61,30,33,274/- in respect of 21 firms, out […]

Smart Enforcement App for Trucks to reduce compliance Logistics costs

June 16, 2021 900 Views 0 comment Print

Ministry of Commerce & Industry Smart Enforcement App for Trucks to reduce compliance Logistics costs; IT based solution to make enforcement mechanism technology driven; App to have wide ranging economic benefits for the state also Posted On: 16 JUN 2021 6:03PM by PIB Delhi On an average, a truck in India covers 50,000-60,000 km a […]

Tariff Notification No. 53/2021-Customs (N.T.), Dated:16.06.2021

June 16, 2021 1455 Views 0 comment Print

Tariff Notification No. 53/2021-Customs (N.T.), Dated:16.06.2021 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

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