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SC stays HC orders staying Coercive Recovery of taxes etc during Corona Virus crisis

March 20, 2020 1884 Views 0 comment Print

Union of India Vs P.D. Sunny & Ors. (Supreme Court of India) The Registry is directed to accept these special leave petitions against the judgment and order(s) passed by the High Court of Judicature at Kerala, Ernakulam Bench in Writ Petition (Civil) No.8231/2020 and of the High Court of Judicature at Allahabad, Allahabad Bench in […]

Vivad se Vishwas Scheme 2020 for Minimizing Tax-related Litigation

March 20, 2020 4230 Views 0 comment Print

BRIDGING THE  DISPUTE- TRUST DIVIDE for Minimizing Tax-related Litigation Avail this golden opportunity …Settle your Income Tax disputes Objectives of Vivad Se Vishwas Scheme 2020 > Reduce income tax pending litigation > Generate timely revenues for the Government > Help taxpayers end their tax disputes with the department by paying disputed tax and get waiver […]

GST on power supply & distribution network installed for Metro Rail

March 20, 2020 3420 Views 0 comment Print

In re ABB lndia Ltd (GST AAR West Bangal) SCADA, in the context of the Applicant’s supply to RVNL, is the system that controls and monitors the electrical network of the metro, enabling the operator to issue suitable commands to be followed in the operation of the metro. Using the SCADA interface, the operator sends […]

Educational Course and Continuing Education under Companies (Registered Valuers and Valuation) Rules, 2017

March 20, 2020 840 Views 0 comment Print

Clause (a) of sub-rule (2) of rule 12 of the Companies (Registered Values and Valuation) Rules, 2017 requires that a Registered Valuer Organisation (RVO) shall conduct educational courses in valuation, in accordance with the syllabus determined by the Authority for its valuer members.

Pre-registration Educational Course under the IBBI (Insolvency Professional) Regulations, 2016

March 20, 2020 1575 Views 0 comment Print

Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 ADVISORY No. IBBI/IPA/031/2020 20th March, 2020 To All Registered Insolvency Professional Agencies (IPAs) (By mail to registered email addresses and on website of the IBBI) Dear Madam / Sir, Subject: Pre-registration Educational Course under the IBBI (Insolvency Professional) Regulations, 2016. The […]

IBBI imposes Penalty of Rs. 1 Lakh on IP for non-compliance of law

March 20, 2020 1125 Views 0 comment Print

In this matter, the DC observes that Mr. Tarun Jaggi, while acting as a Liquidator displayed a negligent attitude during the conduct of voluntary liquidation process which can be elaborated as below: a) He failed to publish the public announcement in the newspapers within the time prescribed under regulation 14(1) of Voluntary Liquidation Process Regulations […]

Notification No. 23/2020-Customs (N.T./CAA/DRI), Dated: 20.03.2020

March 20, 2020 900 Views 0 comment Print

Appointment of CAA by DGRI – Notification No. 23/2020-Customs (N.T./CAA/DRI), Dated: 20.03.2020 Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 23/2020-Customs (N.T./CAA/DRI) New Delhi, dated the 20.03.2020 S.O. 1191(E). – In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. […]

CBIC notifies Rate of Exchange of Foreign Currencies wef 21.03.2020

March 20, 2020 597 Views 0 comment Print

Exchange Rates Notification No. 28/2020-Custom (NT) dated 20.03.2020 Notifying Customs Rate of Exchange of Foreign Currency Conversion w.e.f. 21st March, 2020. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) **** Notification No. 28/2020 – Customs (N.T.) New Delhi, dated the 20th March, 2020 30 Phalguna 1941 (SAKA) […]

DGFT Clarification on issues faced by exporters of APIs/Formulation

March 20, 2020 1194 Views 0 comment Print

As per the SEZ Rules, the restriction on exports does not apply to SEZs. It is, therefore, clarified that the exports of restricted APIs and Formulations made from these APIs is allowed from SEZ Units.

Proceedings under Foreign Trade Law in NCLT under IBC, 2016

March 20, 2020 2493 Views 0 comment Print

Institution and/or continuation of proceedings under Foreign Trade (Development & Regulations) Act, 1992 and Rules thereunder against companies/firms against whom proceedings have been instituted in the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016. Government of India Ministry of Commerce and Industry Directorate General of Foreign Trade Udyog Bhawan, New Delhi-110011 […]

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