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Govt imposes ADD on Semi Finished Ophthalmic Lenses import from China

December 27, 2022 7707 Views 0 comment Print

CBIC imposes ADD on Semi Finished Ophthalmic Lenses imported from China PR for a period of five years vide  Notification No. 32/2022-Customs (ADD) | Dated: 27th December, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi  Notification No. 32/2022-Customs (ADD) | Dated: 27th December, 2022 G.S.R. 905(E).—Whereas in the matter of semi-finished Ophthalmic Lenses’ (hereinafter […]

No service tax on commission received from foreign entity in convertible foreign exchange

December 26, 2022 2964 Views 0 comment Print

J M Huber India Pvt Ltd Vs C.C.E. & S.T. (CESTAT Ahmedabad) Commission Agent Service provided to foreign based entity for promoting/marketing their goods in India on consideration the activity of the Indian agent providing promotion/marketing, technical support, installation, commission, etc. for sale of goods of foreign based entities in India on commission basis amounts […]

Service Tax Refund admissible on Pipeline installed partly in SEZ partly outside

December 26, 2022 924 Views 0 comment Print

Trenching pipeline installed partly in SEZ and partly outside but for use in operation of the SEZ is admissible and the refund of the same is clearly admissible.

Reassessment Notice issued without following section 148A Provision is invalid

December 26, 2022 2565 Views 0 comment Print

HC held that it is clear that there is no record to suggest that the procedure contemplated u/s 148A of the Act were followed before issuing notice under Section 148

HC quashed section 148 notice for AY 2013-14 issued after six years

December 26, 2022 6486 Views 0 comment Print

Notice under Section 148 of the Act pertaining to the Assessment Year (AY) 2013-14 was issued on 30th March 2021, i.e., prior to 1st April 2021. Also, it was beyond the period of six years after the expiry of the AY in question

Central Payments Fraud Information Registry – Migration of Reporting to DAKSH

December 26, 2022 2619 Views 0 comment Print

RBI had operationalised the Central Payments Fraud Information Registry (CPFIR) in March 2020 with reporting of payment frauds by scheduled commercial banks and non-bank Prepaid Payment Instrument (PPI) issuers.

Notification No. 27/2022- Central Tax | Dated: 26.12.2022

December 26, 2022 14628 Views 1 comment Print

Notification under sub-rule (4B) of rule 8 of CGST Rules, 2017 –  Notification No. 27/2022- Central Tax | Dated: 26.12.2022 MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 27/2022- Central Tax | Dated: the 26th December, 2022 G.S.R. 903(E).—In pursuance of the powers conferred by sub-rule (4B) of […]

Delay in filing of e-form MGT-14 – MCA imposes penalty on Company & Directors

December 26, 2022 2349 Views 0 comment Print

Company filed e-form MGT-14 for Alternation of Articles of Association by incorporating provisions such as Conversion of Loan into Equity Shares in respect of Shareholders approval of members of company by delay of 45 days.

Result of ICSI Regional Constituency Election

December 26, 2022 1266 Views 0 comment Print

List of candidates declared elected to ICSI Council from Regional Constituencies (EIRC, SIRC, NIRC, WIRC) after counting of votes held from 19th to 22nd December, 2022

HC quashed section 148 notice issued more than six years after the end of relevant AY

December 26, 2022 4914 Views 0 comment Print

Stalco Consultancy & Systems Private Limited Vs PCIT (Orissa High Court) HC relied on the Supreme Court judgment in Union of India v. Ashish Agarwal and quashed notices under Section 148 of the Act which were issued prior to 1st April, 2021 but beyond the period of six years after the expiry of the relevant […]

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