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Form GST TRAN 1 filing relief Circular not relatable to gross delay in raising claim or omission to include correct details

August 5, 2020 1194 Views 0 comment Print

C. Prasannakumaran Unnithan Vs GST Council (Kerala High Court) The controversy in the Writ Appeals and the Writ Petitions arose on the Goods and Services Tax regime coming into effect from 01.07.2017. The dealers who were covered under the earlier regime were required to upload FORM GST TRAN 1 within the time stipulated, to avail […]

FERA Offence Liability depends on Role in Company Affairs & Not on Mere Designation or Status: SC

August 5, 2020 2637 Views 0 comment Print

Shailendra Swarup Vs Deputy Director (Supreme Court of India) Section 68 of FERA, 1973 deals with Offences by companies. Section 68(1) provides that every person who, at the time of the contravention was committed, was in charge of, and was responsible to, the company for the conduct of business of the company as well as […]

Custom Officer/ DRI can arrest a person on reasonable belief of Smuggling

August 4, 2020 19569 Views 0 comment Print

Sundeep Mahendrakumar Sanghavi Vs. Union of India (Gujarat High Court) (1) Any person can be arrested for any offence under the Customs Act, 1962, by the Customs Officer, if such officer has reasons to believe that such person has committed an offence punishable under Section 132 or Section 133 or Section 135 or Section 135A […]

Excess CST paid due to denial of ‘C’ Form is allowed as refund to buyer

July 31, 2020 3102 Views 0 comment Print

Udaipur Cement Works Ltd. Vs State of Gujarat (Gujarat High Court) 1. By this writ application under Article 226 of the Constitution of India, the writ applicant, a Public Limited Company, having its place of business at Rajasthan, has prayed for the following reliefs; “(A) This Hon’ble Court may be pleased to issue a writ […]

Writ not allowed where efficacious remedy to appeal is available

July 30, 2020 852 Views 0 comment Print

The petitioner has an alternative and efficacious remedy to assail the impugned order by filing an appeal before the appellate authority. Consequently, the petitioner is relegated to file an appeal before the appellate authority.

FAQs on One Time SEBI Settlement Scheme, 2020

July 30, 2020 4893 Views 1 comment Print

Frequently Asked Questions on the SEBI Settlement Scheme, 2020 – One Time Settlement Scheme issued by the Securities Exchange of India on 27th July, 2020.

Merging of June 2020 to December 2020 CS Examination: FAQs

July 30, 2020 2250 Views 1 comment Print

Institute of Company Secretaries of India Q 1. Will December 2020 be the last attempt for Executive & Professional [Old Course] Students? Ans: Yes, December 2020 Session of Examination is the last attempt for Executive & Professional Old Course Q 2. When Students can change the Examination Centre, Module, Medium ? Ans: For Changes : […]

CCI notified to share information with Income Tax Department

July 30, 2020 1836 Views 0 comment Print

Central Government specifies Director General / Secretary, Competition Commission of India for the purpose sub-clause (ii) of clause (a) of sub-section (1) of section 138 of the Income-tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 57/2020-Income Tax New Delhi, the 30th July, 2020 S.O. 2528(E).—In pursuance of sub-clause […]

Application procedure & criteria for export of 2/3 Ply Surgical Masks

July 30, 2020 3105 Views 1 comment Print

The application procedure and criteria for export of 2/3 Ply Surgical Masks is outlined below: I. Export of only 4 Crore units of ‘2/3 Ply Surgical Masks ‘ will he allowed for the month of August. II. Exporters (Both Manufacturers and Merchant exporters) may apply online through DGFT’s ECOM system for Export authorizations (Non-SCOMET Restricted items) – Please refer Trade Notice No. 50 dated 18.03.2019. There is no need to send any hard copy of the application via mail or post.

Application procedure & criteria for export of Medical Goggles

July 30, 2020 609 Views 0 comment Print

The application procedure and criteria for export of Medical Goggles is outlined below: I. Export of only 20 Lakh units of Medical Goggles per month will be allowed for the month of August and September. II. Exporters (Both Manufacturers and Merchant exporters) may apply online through DGFT’s ECOM system for Export authorizations (Non-SCOMET Restricted items) — Please refer Trade Notice No. 50 dated 18. 03.2019. There is no need to send any hard copy of the application via mail or post.

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