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SEBI (Merchant Bankers) (Amendment) Regulations, 2021

March 30, 2021 3393 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 5280 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 1110 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 2235 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 1476 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. […]

Reasonable Opportunity of being heard to dealer must prior to framing Assessment Order: HC

March 29, 2021 2517 Views 0 comment Print

Sham Interiors Vs Assistant Commercial Tax Officer (Madras High Court) The proviso to Section 24(3) of Puducherry Value Added Tax Act, 2007 specifically requires that the dealer be afforded reasonable opportunity of being heard prior to framing of an assessment. Such reasonable opportunity, Courts have been consistently held, must include an opportunity of personal hearing. […]

Karnataka Karasamadhana scheme 2021

March 29, 2021 30012 Views 0 comment Print

Karnataka Karasamadhana scheme 2021 has been notified towards waiver of penalty and interest of arrears under all pre GST State Acts. Online application will be available shortly on website http://gst.kar.nic.in. PROCEEDINGS OF THE GOVERNMENT OF KARNATAKA FINANCE SECRETARIAT Sub: Karasamadhana Scheme, 2021- reg. READ: Para No. 344of the Budget Speech of the Hon-ble Chief Minister […]

Unutilised Cenvat Credit can be claimed as refund post introduction of GST

March 29, 2021 8502 Views 1 comment Print

BNP Paribas Global Securities Operations Private Ltd. Vs  Assistant Commissioner of GST & Central Excise (Madras High Court) The Madras High Court allowed the benefit of Cenvat refund to the taxpayer as the credit of duty was not able to use after the introduction of the Goods and Services Tax ( GST). The petitioner, BNP […]

Mines and Minerals (Development and Regulation) Amendment Act, 2021

March 28, 2021 3594 Views 0 comment Print

(1) This Act may be called the Mines and Minerals (Development and Regulation) Amendment Act, 2021. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint; and different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision.

Anti-dumping duty on imports of PET resin extended for 5 Years

March 27, 2021 9774 Views 0 comment Print

Notification No. 18/2021-Customs (ADD) – Seeks to impose anti-dumping duty on imports of Polyethylene Terephthalate (PET) resin originating in or exported from China PR for a period of 5 years. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 27th March, 2021 Notification No. 18/2021-Customs (ADD) G.S.R. 216(E).—Whereas, in the matter of “Polyethylene Terephthalate resin […]

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