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Fight unfair business practices of E-commerce companies jointly: CAIT

September 29, 2021 528 Views 0 comment Print

In a communication sent to noted Industrialists & Organisations working in different verticals of trade & Industry, Confederation of All India Traders has called for a formation of bigger joint forum to fight unfair business practices, violation of law, Act and Rules by E-commerce companies. Confederation of All India Traders Ref. No. 3286/1/50 29th September, 2021 […]

Credit Anti-profiteering penalties in the Consumer Welfare Fund

September 29, 2021 1200 Views 0 comment Print

Leading consumer and public policy research and advocacy group, CUTS International has requested the Finance Minister, Ms Nirmala Sitharaman that penalties under the Central GST Act, 2018 for profiteering should be deposited in the Consumer Welfare Fund.

Anti-dumping investigation on imports of Decor Paper from China

September 28, 2021 2082 Views 0 comment Print

The product under consideration includes decor paper used by the producers of laminates which includes various types of decor paper, such as surfacing paper (white/off-white), liner (white / off-white), barrier paper, shuttering base, overlay paper and print base paper (color/white).

New online system of MSME/Udyam Registration crosses 50 lakh mark

September 28, 2021 891 Views 0 comment Print

New online system of MSME/Udyam Registration launched by Union MSME Ministry, w.e.f. 1st July, 2020, has stood the test of Time and Technology as more than 50 lakh MSMEs have successfully registered themselves by now. These include over 47 lakh Micro organisations and 2.7 lakh Small Units.

Bank accounts for payment of fees to SEBI under various Regulations

September 28, 2021 2883 Views 0 comment Print

Bank accounts for payment of fees to SEBI under the SEBI (Infrastructure Investment Trusts) Regulations, 2014, SEBI (Real Estate Investment Trusts) Regulations, 2014, SEBI (Informal Guidance) Scheme, 2003, SEBI (Issue and Listing of Non-convertible Securities) Regulations, 2021 and SEBI (Issue and Listing of Securitized Debt Instruments and Security Receipts) Regulations, 2008

Chairman/MD not vicariously liable for criminal acts of company: SC

September 27, 2021 4212 Views 0 comment Print

General Manager and/or Planner/Supervisor of Accused Companies, without any specific role attributed and the role played by them in their capacity, they cannot be arrayed as an accused, more particularly they cannot be held vicariously liable for the offences committed by Accused.

Gist of amendments in GST rules vide Notification No 35/2021 dated 24-09-2021

September 26, 2021 5754 Views 0 comment Print

Gist of CGST (Eight Amendment) Rules, 2021 vide Notification No. 35/2021 – Central Tax dated 24th September, 2021 amending CGST Rules, 2017.

Comparable having extraordinary financial event of M&A cannot be considered for TP analysis

September 25, 2021 1137 Views 0 comment Print

ITAT held that in case A comparable having an extraordinary financial event of Merger and Acquisition (M& A) during the year the same cannot be considered as functionally comparable for transfer pricing (TP) comparability analysis.

No further income attributable to a PE in India, if PE been remunerated at ALP

September 25, 2021 1953 Views 0 comment Print

Mobileum Inc Vs DCIT (ITAT Mumbai) since transactions between the assessee and its AE have been found at arm’s length prices no further income chargeable to tax in India can be said to be attributable for the PE of the assessee. FULL TEXT OF THE ORDER OF ITAT MUMBAI This appeal by the Assessee is […]

Ghojadanga LCS (INGJXB) & Kolkata (INCCU1) included for imports

September 25, 2021 3507 Views 0 comment Print

The ports of Ghojadanga LCS (INGJXB) and Kolkata (INCCU1) have been additionally included for allowing imports under Notification No. 20/2015-20 dated 24.08.2021. Notification No. 32/2015-2020| Dated: 25th September, 2021. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No. 32/2015-2020 New Delhi, Dated: 25th September, 2021 Subject: […]

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