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Consumer Protection (Consumer Disputes Redressal Commissions) Rules, 2020

July 15, 2020 5145 Views 0 comment Print

1) These rules may be called the Consumer Protection (Consumer Disputes Redressal Commissions) Rules, 2020. (2) They shall come into force on the 20th day of July,2020.

Transitional Credit Issue- Decide on Taxpayer representation: HC

July 15, 2020 660 Views 0 comment Print

Explore Ankit Babeley vs. State of M.P. & Ors. case. Petitioner seeks permission to file Trans-1 for claiming transitional credit. High Court’s directive to respondents regarding pending representation.

SEBI permits to list NCDs/NCRPS/CPs based on financials as on 31.12.2019

July 15, 2020 1164 Views 0 comment Print

It has been decided to permit listed Issuers who have issued NCDs/NCRPS/CPs, on or after July 01, 2020 and intend/propose to list such issued NCDs/NCRPS/CPs, on or before July 31, 2020, to use available financials as on December 31, 2019.

Govt specifies MSME authority for disclosure of assessee information u/s 138

July 14, 2020 1077 Views 0 comment Print

Govt specifies Additional Secretary and Development Commissioner, Ministry of MSME as authority for disclosure of assessee information under section 138 of Income Tax Act, 1961 vide Notification No. 48/2020 dated 14th July 2020. Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 14th July.2020 Notification No. 48/2020 […]

Cognizance of Section 188 offence of IPC cannot be taken on the basis of police report

July 14, 2020 4491 Views 0 comment Print

State of Chhattisgarh Vs Rikki Sahu (Chhattisgarh High Court) Offence under Section 188 of the IPC can be taken cognizance of by the learned Magistrate under Section 190 of the CrPC except in accordance with Section 195(1)(a)(i) of the CrPC and unless complaint in writing is filed by the concerned public officer, on the basis […]

Mahindra Lifespace denies ITC benefit to customers: NAA

July 14, 2020 735 Views 0 comment Print

Authority under Rule 133 (3) (a) of the CGST Rules, 2017 orders that the Respondent shall reduce the prices to be realized from the buyers of the flats of the above Project commensurate with the benefit of ITC received by him has been detailed above.

Market Linked Debentures valuation by AMFI appointed valuation agency

July 13, 2020 1344 Views 0 comment Print

valuation of MLDs shall be carried out by an agency appointed by AMFI for the purpose of carrying out valuation hereinafter referred as AMFI appointed valuation agency.

Transitional Credit eligible only when claimed within time: HC

July 13, 2020 8337 Views 0 comment Print

P.R. Mani Electronics Vs Union of India (Madras High Court) Section 140 of the CGST Act read with Rule 117 of the CGST Rules enables a registered person to carry forward the accumulated ITC under erstwhile tax legislations and claim the same under the CGST Act. In effect, it is a transitional provision as is […]

HC quashes order passed in violation of principles of natural justice

July 13, 2020 1629 Views 0 comment Print

Shiv Kishor Construction Private Limited Vs UOI (Patna High Court) It is not disputed that one of the impugned orders stands passed in violation of principles of natural justice. Impugned order dated 2nd of March, 2020 is passed by the Deputy Commissioner of State Tax, Patna Central Circle, Bihar, Patna who issued a notice asking the […]

DGGI detected GST evasion by grain-based distilleries

July 13, 2020 2925 Views 0 comment Print

Based on specific intelligence, DGGI Hqrs has detected GST evasion by a large number of grain-based distilleries on ‘wet distilled grains with solubles’ (WDGS) / ‘dried distilled grains with solubles’ (DDGS). These are distillery waste and dregs arising as a by-product in the process of manufacturing ethanol.

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