GST not leviable on amount representing employee’s portion of canteen charges recovered/collected by applicant from its employees and paid to canteen service provider on behalf of employee since it would not be considered as a supply under provisions of section 7 of CGST Act, 2017 and GGST Act, 2017.
In re Samco Logistics LLP (GST AAR Tamilnadu) 1. Rental Income received by the applicant from Renting Warehouse to store Agricultural Produce is a consideration for supply and the activity is covered under the meaning of supply of services in terms of Section 7 of the Central Goods and Services Tax Act, 2017. 2. Renting […]
Auditor not complied with the principles and procedures laid down in the SAs, had not maintained proper audit documentation and displayed flawed understanding and interpretations of the various stipulations in the law and standards in an unprofessional manner that established the EP’s professional misconduct in terms of section 132 (4) of the Companies Act 2013.
Auditor violated several Standards on Auditing (SA) that are required to be followed during conduct of an audit of historical financial information and in providing an auditor’s certificate.
International Financial Services Centres Authority Circular No. F.No.598/IFSCA/Communication with IBUs/2022-23/1 Dated: March 31, 2023 To, Heads of the Banking Units of Indian banks Dear Sir/Madam, Sensitising Authorised Dealer (AD) branches of Indian banks about facilities in IFSC 1. During a recent interaction with the officials of the IBU of an Indian AD bank it was […]
Harbhan Singh Sandhu Vs CC (CESTAT Chandigarh) In view of the judgement of Hon’ble Supreme Court in the case of Shabina Abraham vs. CCE-2015 (322) ELT 372 (SC), wherein it has been held that no proceeding can be initiated against dead person as it amounts to violation of natural justice inasmuch as dead person, who […]
Rishad Shipping And Clearing Agency Pvt. Ltd. Vs Commissioner of Customs (Export) (CESTAT Mumbai) CESTAT find that in para 29 of the Order-in-Original, the original authority has held that the appellant were liable for penalty under Section 117 of the Customs Act, 1962 and subsequently ordered imposition of penalty of 2.0 lakhs under Section 114(i) […]
Once registration is completed by an IEC holder for, first time import, Customs Officers will not insist upon registration for export from same IEC holder if it undertakes export for first time.
Common issues/concerns/ technical glitches that are being faced by stakeholders while filing forms as required under the Companies Act, 2013
In re Gobind Sugar Mills Limited (GST AAR Uttar Pradesh) Question 1. Classification of Sugar Cane Juice. Answer: Sugarcane juice is classifiable under chapter 20 and tariff item 20098990. Question 2. Rate of GST applicable on sale of Sugarcane Juice. Answer: Sugarcane Juice is taxable at a rate of 6% CGST & 6% SGST or […]
