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Guidelines for disposal of seized/confiscated gold

December 3, 2021 20229 Views 0 comment Print

Seized/confiscated gold (other than gold ornaments/jewellery/articles) shall be sold to RBI only. Any mention of gold in subsequent paragraphs shall refer to gold other than gold ornaments/jewellery/articles.

Publishing Investor Charter & disclosure of Investor Complaints by Stock Brokers on their websites

December 2, 2021 1626 Views 0 comment Print

In order to facilitate investor awareness about various activities which an investor deals with such as opening of account, KYC and in person verification, complaint resolution, issuance of contract notes and various statements, process for dematerialization/rematerialization etc

Ownership Guidelines & Corporate Structure for Indian Private Sector Banks

December 1, 2021 2937 Views 0 comment Print

The IWG had made a total of 33 recommendations. After examining the comments and suggestions received from the stakeholders and members of the public, it has been decided to accept 21 recommendations (some with partial modifications, where considered necessary), as listed in Annex. The remaining recommendations are under examination.

₹ 1,31,526 crore gross GST revenue collected in November

December 1, 2021 1206 Views 0 comment Print

₹ 1,31,526 crore gross GST revenue collected in November GST collection for November,2021 surpassed last month collection registering the second highest since implementation of GST Revenues for the month of November 2021 , 25% higher than the GST revenues in the same month last year and 27% over 2019-20 The gross GST revenue collected in […]

Mahindra Splendour CHS liable to pay GST on contribution received from members

December 1, 2021 2454 Views 0 comment Print

In re Mahindra Splendour CHS Ltd (GST AAR Maharashtra) Question 1:- Whether the applicant is liable to pay GST on the contribution received from its members? Answer: – Answered in the affirmative. Question 2:- If yes, whether the applicant can avail the benefit of exemption under entry no. 77 of Notification No. 12/2017-CTR dated 28.06.2017 for the […]

AAR Maharashtra allows ‘Yazaki India Pvt. Ltd.’ to withdraw application

December 1, 2021 837 Views 0 comment Print

In re Yazaki India Pvt. Ltd. (GST AAR Maharashtra) The applicant has submitted a letter via email dated 30.11.2021 and requested that they may be allowed to voluntarily withdraw their subject application filed on 31.08.2020. The request of the applicant to withdraw their application voluntarily and unconditionally is hereby allowed, without going into the merits […]

12% GST payable on supply of Stator Coil for use in WOEG

November 30, 2021 1347 Views 0 comment Print

In re Coral Coil India Private Limited (GST AAR Tamilnadu) Whether the supply of Stator Coil by the Applicant to M/s. Coral Manufacturing Works India Private Ltd., will be eligible for the levy of 2.5% CGST in terms of Sl. No. 234 in the notification 1-CTR dated 28 June 2017 and 2.5% SGST in terms […]

SEBI Master Circular for Real Estate Investment Trusts (REITs)

November 29, 2021 2796 Views 0 comment Print

Securities and Exchange Board of India MASTER CIRCULAR SEBI/HO/DDHS/DDHS_Div3/P/CIR/2021/674 November 29, 2021 All Real Estate Investment Trusts (“REITs”) All Parties to REITs All Recognised Stock Exchanges All Merchant Bankers and other Intermediaries Madam/ Sir, Sub: Master Circular for Real Estate Investment Trusts (REITs) 1. For effective regulation of Real Estate Investment Trusts, Securities and Exchange […]

Imported goods once cleared for Home Consumption cease to be imported goods

November 29, 2021 7197 Views 0 comment Print

Subir Modak Vs CC (CESTAT Kolkata) From the above definitions, it is clear that even if the goods are of foreign origin, if they have been imported and cleared for home consumption, they cease to be imported goods thereafter and the importer ceases to be the importer. Therefore, no duty can be assessed on such […]

Weekly Newsletter from Chairman, CBIC dated 29/11/2021

November 29, 2021 1440 Views 0 comment Print

At Lucknow, in her speech during the Investiture Ceremony, the Hon’ble Finance Minister found similarities of the department with the armed forces. She also gave us salutary advice not be lax in GST collections since it is a thermometer for judging the health of the economy, watched closely by both the lay man and economic pundits alike.

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