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CBI Arrests A Superintendent of GST In Case of Bribery

March 30, 2021 1509 Views 0 comment Print

The Central Bureau of Investigation has arrested an Executive Engineer (Electrical) of CPWD, Hyderabad and a Superintendent of Central Excise & Central Tax (GST) Honnavar Range, Uttara Kannada in separate cases of bribery.

Copyright (Amendment) Rules, 2021

March 30, 2021 6237 Views 0 comment Print

1. Short title and commencement. – (1) These rules may be called the Copyright (Amendment) Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

Deeper tariff concessions extended on import of specified goods under IJCEPA

March 30, 2021 2871 Views 0 comment Print

Amend notification No. 69/2011-Customs dated 29.07.2011 to extend deeper tariff concessions to imports of specified goods from Japan under India-Japan CEPA (IJCEPA) with effect from 1st April, 2021 vide  Notification No. 20/2021–Customs Dated: 30th March, 2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 20/2021–Customs Dated: 30th March, 2021 G.S.R. 226(E).—In exercise of […]

Reasons recorded cannot be substituted at a later point in time by subsequent evidences

March 30, 2021 774 Views 0 comment Print

Red Hat India Pvt. Ltd. Vs DCIT (ITAT Mumbai) From the bare reading of the proviso to section 147 of the Act, it is mandatory on the part of the ld AO to duly mention in the reasons recorded itself as to whether there is any failure on the part of the assessee in disclosing […]

No service tax on sale transaction on principal to principal by treating discount as commission

March 30, 2021 3942 Views 0 comment Print

Where the sale transaction is on principal to principal basis, merely because a discount was passed by the manufacturer to the assessee, that may not be construed as commission and therefore, it cannot be the subject matter of levy of service tax.

SEBI (Merchant Bankers) (Amendment) Regulations, 2021

March 30, 2021 3135 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 2021. 2. They shall come into force on the date of their publication in the Official Gazette.

Allowability of cash expenses supported by self made vouchers

March 30, 2021 4311 Views 0 comment Print

Seward Exports Pvt Ltd. Vs ACIT (ITAT Jaipur) t there are inconsistencies in the findings of the ld. CIT(A), where at first place, he has held that the Assessing Officer has not able to bring any example of specific disallowable expenses in case of loading and unloading expenses and under the similar facts pattern where […]

Procedure for import of Moong, Tur & Urad for year 2021–2022

March 30, 2021 894 Views 0 comment Print

Public Notice No. 47/ 2015-20 Dated: 30th March, 2021 Procedure / modalities for import of 1.5 Lakh MT of Moong, 4 Lakh MT of Tur and 4 Lakh MT of Urad for the fiscal year 2021–2022.

GST on composite Supply to Greater Chennai Corporation

March 30, 2021 1758 Views 0 comment Print

In re Unique Aqua Systems (GST AAR Tamilnadu) Whether the Services provided by the applicant to the recipient i.e The Greater Chennai Corporation is a pure service provided to the local authority by way of activity in relation to functions entrusted to a Panchayat under article 243G and Municipality under article 243W of the Constitution […]

Notification No. 26/2021-Customs (N.T./CAA/DRI), Dated: 30.03.2021

March 30, 2021 1026 Views 0 comment Print

Notification No. 26/2021-Customs (N.T./CAA/DRI), Dated: 25.03.2021 -Principal Director General, Revenue Intelligence, hereby appoints  common adjudicating authorities. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (Directorate of Revenue Intelligence) New Delhi, the 30th March, 2021 Notification No. 26/2021-Customs (N.T./CAA/DRI) S.O. 1460(E).—In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. […]

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