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Sanction refund of IGST paid on goods exported vide shipping bills: HC

December 15, 2020 3285 Views 1 comment Print

Awadkrupa Plastomech Pvt. Ltd. Vs Union of India (Gujarat High Court) It appears from the materials on record that the writ­ applicant wants the respondent­ authorities to sanction the refund of Integrated Goods and Service Tax [herein after referred to as the ‘IGST’] paid in respect of the goods exported i.e. ‘Zero Rated Supplies’ vide […]

DGGI unearthed 4689 fake GSTINs & arrested 141 persons

December 14, 2020 1089 Views 0 comment Print

On the anti-evasion front, DGGI formations and the CGST zones have continued their drive against fake invoice usage. They have, so far in the month-long operation. unearthed 4689 fake GSTINs and arrested 141 persons and booked cases involving wrongly availed credit of Rs.13447.95 crore.

HC rejects ex-minister’s plea in money-laundering case against prosecution & Attachment of Property

December 14, 2020 1785 Views 0 comment Print

Katta Subramaniam Naidu Vs Deputy Director (Karnataka High Court) In this batch of petitions, petitioners have questioned the correctness and legality of the proceedings initiated against them under sections 3, 4 and 8(5) of the Prevention of Money Laundering Act, 2002 (for short ‘PML Act’). 2. The common grievance of the petitioners is that they […]

Rejection of refund without hearing the petitioner & without intimating the reason not justified

December 14, 2020 4104 Views 0 comment Print

Sahibabad Printers Vs Additional Commissioner CGST (Appeals) And Others (Allahabad High Court) Counsel for the petitioner argues that as the show cause notice was silent, the petitioner could not have been expected to give any reply and further questioning the appellate order he argues that the appellate authority was wrong in recording that no document […]

No misconduct on accepting assignment as IRP after 31.12.2019 without holding a valid AFA as consent given before 31.12.2019

December 14, 2020 315 Views 0 comment Print

In the present matter, Mr. Guddeti was appointed as IRP by National Company Law Tribunal, Delhi Bench, Court – IV (AA) vide order dated 4th February 2020 initiating CIRP of CD on application under section 7 of the Code by M/s Amritvani Exim Private Limited claiming to be financial creditor and public announcement was made […]

Expense related to warranty & After sales services must be considered to compute margin of assessee

December 14, 2020 1362 Views 0 comment Print

Toyoda Micromatic Machinery India Private Ltd. Vs DCIT (ITAT Delhi) It is a fact that the learned assessing officer has not challenged the order of the learned CIT – A stating that resale price method is the most appropriate method as assessee does not engage in any deemed manufacturing or further value addition. It is […]

Notification No. 64/2020-Customs (N.T./CAA/DRI) Dated: 14.12.2020

December 14, 2020 378 Views 0 comment Print

Notification No. 64/2020-Customs (N.T./CAA/DRI) Dated: 14.12.2020- Appointment of Common Adjudicating Authority Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 64/2020-Customs (N.T./CAA/DRI) New Delhi, dated the 14.12.2020 S.O. 4562 (E). – In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. […]

Routine delays caused by business exigencies not covered by force majeure

December 14, 2020 1743 Views 0 comment Print

DLF Home Developers Ltd. Vs Capital Greens Flat Buyers Association Etc. (Supreme Court of India) Supreme Court has upheld the findings of the NCDRC to hold that the “delay in the approval of building plans is a normal incident of a construction project. A developer in the position of the appellant would be conscious of […]

Empanelment of Technical / Financial Consultants, Stock Auditors with SBI

December 12, 2020 4185 Views 0 comment Print

Offers are invited from the intending competent, qualified profes­sionals / firms for their empanelment with State Bank of India (Kolkata Circle) in the above mentioned areas.

ICAI: Completion of MCS Course & Advanced IT Course via Virtual Mode

December 12, 2020 29202 Views 6 comments Print

Completion of MCS Course and Advanced IT Course through Virtual Mode as one time measure for students appearing for November 2021 Final course exam

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