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HC quashes GST notice issued in the name of a dead person

April 12, 2023 2544 Views 0 comment Print

GST order dated 3rd August, 2022 is quashed on the ground that the same has been issued in the name of a dead person.

Draft Circular on Fair Lending Practice – Penal Charges in Loan Accounts

April 12, 2023 1953 Views 0 comment Print

Supervisory reviews have indicated divergent practices amongst REs with regard to levy of penal interest/charges leading to customer grievances and disputes.

GST on Government subsidy – Advance ruling filed by recipient dismissed

April 12, 2023 1188 Views 0 comment Print

GST on Government subsidy – Applicant is not a supplier of goods but is a recipient of goods. Thus instant application is not admissible.

Service tax cannot be demanded on reimbursable expenses

April 12, 2023 774 Views 0 comment Print

Issue is as to whether service tax can be demanded on reimbursable expenses. CESTAT held that demand cannot sustain & requires to be set aside

Anti-dumping duty on imports of Ursodeoxycholic Acid (UDCA) imposed

April 10, 2023 2286 Views 0 comment Print

Seeks to impose definitive anti-dumping duty on imports of Ursodeoxycholic Acid (UDCA) originating in or exported from China PR and Korea RP for a period of 5 Years.  Notification No. 04/2023-Customs (ADD)- Dated: 10th April, 2023

Export duty exempted on Rice in the husk (paddy or rough) of seed quality

April 10, 2023 2010 Views 0 comment Print

Seeks to amend notification No. 55/2022- Customs, dated 31.10.2022, in order to exempt Rice in the husk (paddy or rough) of seed quality from export duty of 20% Notification No. 30/2023-Customs Dated 10th April, 2023

Delay in CS Appointment: Penalty reduced from 6 Lakh to 4 Lakh by RD

April 10, 2023 510 Views 0 comment Print

Dive into the appeal under Companies Act, 2013 by Vaasudev Grain Mill Pvt Ltd. Learn about penalties, Covid-19 challenges, and the final resolution by the Regional Director.

Fixing the GST Process: Five Years of Iterative Problem Solving

April 8, 2023 7599 Views 1 comment Print

This paper, examines the topic ‘GST Process: Five Years of Iterative Problem Solving’ from the perspective of process efficiency and the ability of the system to correct by responding to feedback loops.

Government Crackdown on Illegal Betting Ads: Advisory Alert

April 6, 2023 261 Views 0 comment Print

Explore the latest advisory from the Ministry of Information & Broadcasting urging media entities to refrain from promoting illegal online betting platforms. Legal implications and potential actions disclosed.

Penalty under Competition act should be on relevant turnover instead of Total Turnover: SC

April 6, 2023 6561 Views 0 comment Print

SC in Excel Crop Care ruled that relevant turnover of company, rather than Total turnover, should be used to determine punishment to be imposed on firms using anti-competitive techniques.

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