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No auto cancellation of Registration of Purchasing dealer for fraud by selling dealer

October 6, 2021 5895 Views 0 comment Print

Bright Star Plastic Industries Vs Additional Commissioner of Sales Tax (Orissa High Court at Cuttack) The Court finds merit in the contention of Mr. Harichandan that for the fraud committed by the selling dealer, which resulted in cancellation of a selling dealer’s registration, there cannot be an automatic cancellation of the registration of the purchasing […]

MP AAR rectifies mistakes in GST Number and original order No.

October 6, 2021 1239 Views 0 comment Print

In re Dhanraj Organics Private Limited (GST AAR Madhya Pradesh) The applicant on 22.06.2021 that in the AAR order no. 04/2020 dated 17-06-2021 they found that in Case No. 19/2020 the GSTN No. in page no.1 is wrongly mentioned as 23AADCM7397N1ZU however in Page no. 2 it is correctly mentioned. So therefore rectification is required. […]

Onus to Prove Deficiency in Service is on Complainant: SC

October 6, 2021 8586 Views 0 comment Print

SGS India Ltd. Vs Dolphin International Ltd. (Supreme Court) The onus of proof of deficiency in service is on the complainant in the complaints under the Consumer Protection Act, 1986. It is the complainant who had approached the Commission, therefore, without any proof of deficiency, the opposite party cannot be held responsible for deficiency in […]

Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2021

October 5, 2021 5346 Views 0 comment Print

1) These rules may be called the Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

SEBI Revises mechanism of providing exit option to dissenting unit holders under REIT Regulations

October 5, 2021 858 Views 0 comment Print

Amendments to manner & mechanism of providing exit option to dissenting unit holders pursuant to Regulation 22(6A) and 22(8) of SEBI (Real Estate Investment Trusts) Regulations, 2014 (SEBI (REIT) Regulations)

Value Free Transfer (VFT) of Government Securities – Guidelines

October 5, 2021 2040 Views 0 comment Print

VFT of the government securities shall mean transfer of securities from one SGL/CSGL to another SGL/CSGL account, without corresponding payment leg in the books of RBI.

Guidelines for conducting GST inspection, evolving proposals & adjudication

October 4, 2021 6531 Views 0 comment Print

There are certain issues arising out of such empowerment of officer who concluded inspection to raise demand as adjudication officer. In order to demarcate the functions of inspection and adjudication independently without influence from each other, the instructions issued in the circular second cited is withdrawn with immediate effect.

Weekly newsletter from Chairman, CBIC dated 04/10/2021

October 4, 2021 840 Views 0 comment Print

The month of October has started off on a positive note, with the gross GST revenue collection achieved being Rs. 1,17,010 crores for the month of September, 2021. This is higher by 23% compared to the corresponding period of the previous year.

Advisory regarding absconding & escape prisoners- use of ePrisons to leverage technology

October 4, 2021 1305 Views 0 comment Print

Considering the importance of taking timely action in the event of any inmate absconding/ escaping from custody/prison, it is considered necessary to have recent photographs of prisoners updated in the system and also generate immediate alerts which would enable tracking of such inmates by the law enforcement agencies.

Clarification regarding Entry 11A of Schedule B’ under Maharashtra VAT

October 4, 2021 1017 Views 0 comment Print

It is clarified that, this benefit is available for RCS flights on both – origin as well as departure airports. This benefit is available for operating all RCS-UDAN flights by Fixed Wing Aircraft, Helicopters and Seaplanes at any Airport/ Heliport/ Helipad/ Water Aerodrome located within the State of Maharashtra subject to the conditions stated in Notification cited at reference (2). This clarification is with effect from the date of introduction of the entry i.e. w.e.f. 01/04/2017.

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