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GST Revenue collection for July 2021

August 1, 2021 693 Views 0 comment Print

The gross GST revenue collected in the month of July 2021 is ₹ 1,16,393 crore of which CGST is ₹ 22,197 crore, SGST is ₹ 28,541 crore, IGST is ₹ 57,864 crore (including ₹ 27,900 crore collected on import of goods) and Cess is ₹ 7,790 crore (including ₹ 815 crore collected on import of goods).

Anti-Dumping duty on Polytetrafluoroethylene extended till 30.11.2021

July 31, 2021 357 Views 0 comment Print

Seeks to further amend notification No. 23/2016-Customs (ADD) dated 6th June, 2016 to extend the levy of Anti-Dumping duty on Polytetrafluoroethylene originating in or exported from Russia, up to and inclusive of 30th November, 2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 41/2021-Customs (ADD) | Dated: 31st July, 2021 G.S.R. 522(E).—Whereas, the […]

Tea (Marketing) Control (Amendment) Order, 2021

July 30, 2021 1500 Views 0 comment Print

This Order may be called the Tea (Marketing) Control (Amendment) Order, 2021. (2) It shall come into force on the date of its publication in the Official Gazette.

GST leviable at 12% on Job work of pharmaceutical Drugs

July 30, 2021 3819 Views 0 comment Print

In Re Romano Drugs Pvt. Ltd. (GST AAR Gujarat) What is rate of tax applicable to the Services by way of job work on Diphenylmethoxy’N’ N- diethylaminethanol HCI (Job work of pharmaceutical Drugs) , undertaken by the supplier (applicant) as per CBIC issued clarification on Job work vide circular No.126/45/2019- GST dated 22.11.2019 i.e., whether […]

AAR Ruling on Reduction of Subsidy from taxable value of solar system

July 30, 2021 4149 Views 0 comment Print

In Re Greenbrilliance Renewable Energy LLP (GST AAR Gujarat) A) Whether subsidy amount is to be reduced for arriving at the taxable value of the solar system from the system price declared by the Nodal agency? And the GST liability shall be on the taxable value calculated after subtracting the subsidy amount from the system […]

List of valid Nominations for CS EIRC Election

July 27, 2021 525 Views 0 comment Print

List of Valid Nominations for the Election to Fill Casual Vacancy of the ICSI Eastern India Regional Constituency of the 13th Council, 2021

No section 143(2) notice requirement if no valid filed return filed by Assessee

July 26, 2021 6969 Views 0 comment Print

When there was no valid return available before AO as assessee neither filed original return under section 139(1) nor filed any return in response to the notice issued under section 148 within the prior limit of 30 days as stated in the notice under section 148, there is no requirement of issuance of notice under section 143(2).

ITC refund cannot be rejected without affording Opportunity of hearing

July 25, 2021 1158 Views 0 comment Print

In fact, there is a column available for reasons on the basis of which the claim has been either accepted or rejected. However, this column in the impugned order is conspicuously blank and no reasons have been adduced for the rejection of the request. Bearing in mind the violation of principles of natural justice, the impugned order of rejection is set aside.

I-T Dept searches PAN-India in a prominent group having diversified businesses

July 24, 2021 1140 Views 0 comment Print

Income Tax Department carried out a search operation under section 132 of the Income – tax Act, 1961 on 22.07.2021 on a prominent business group, which is involved in businesses in various sectors, including Media, Power, Textiles and Real Estate, with a group turnover of more than Rs. 6,000 crore per annum.

HC directs ITAT to upload daily order- sheets & revised cause list

July 23, 2021 1002 Views 0 comment Print

Delhi HC sets aside ITAT order due to non-publication of daily sheets causing prejudice. Directs ITAT to implement system for online updates within 3 months.

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