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Reimbursement for Lost in hole/Damage Beyond repair of equipment /tools is classifiable as ‘Supply of Goods

May 13, 2020 7935 Views 1 comment Print

In re Halliburton Offshore Services Inc. (LIH) (GST AAR Andhra Pradesh) It is observed that under Caluse-31 of the Contract, the Contractor (herein the Applicant) receives reimbursement from the Operator (herein the OIL) for loss of or damage to the down hole equipment and tolls. Sub-clauses (a) and (b) of the said Clause -31 specifies […]

GST on supply of mud engineering services along with supply of imported mud chemicals and additives

May 13, 2020 4032 Views 0 comment Print

In re Halliburton Offshore Services Inc. (Oil India) (GST AAR Andhra Pradesh) (a). Whether the supply of mud engineering services along with supply of imported mud chemicals and additives provided on consumption basis by the Applicant under the Contract qualify as composite supply. it is observed that there are independent qualitative, quantitative and logistic (mobilization, […]

Deadline for import of additional 2.5 Lakh MT of Urad extended upto 31.05.2020

May 13, 2020 507 Views 0 comment Print

It has been decided by the competent authority to extend the deadline for import of additional 2.5 Lakh MT of Urad upto 31st May, 2020 i.e. imports should arrive at Indian Ports before 31st May, 2020.

Entities permitted to undertake e-KYC Aadhaar Authentication service of UIDAI in Securities Market

May 12, 2020 1131 Views 0 comment Print

The above listed entities shall get registered with UIDAI as KYC user agency (“KUA”) and shall allow SEBI registered intermediaries / mutual fund distributors to undertake Aadhaar Authentication in respect of their clients for the purpose of KYC. The SEBI registered intermediaries / mutual fund distributor

IIT Madras Alumni Association liable to Pay GST & Register under GST

May 12, 2020 4680 Views 0 comment Print

In re IIT Madras Alumni Association (GST AAR Tamilnadu) Q. Whether collecting money by IITMAA from its members and receiving donations/ grants/ subsidies/budgetary support from IIT, Madras to defray expenses incurred towards administering the association and other expenses related to its engagement activities initiated by members themselves amounts to supply or not. Consequently, whether there […]

GST on leasing of pathway to a person to her/his dwelling unit

May 12, 2020 1110 Views 0 comment Print

In re Chennai Metro Rail Ltd. Ltd. (GST AAR Tamilnadu) Whether leasing of pathway to a person to her/his dwelling unit by CMRL is taxable under GST? In the case at hand, the applicant owns the pathway but has agreed through an MOU with the individual to permit her to use the pathway to access […]

CCI closes complaint against West Bengal lotteries directorate, stockist

May 11, 2020 684 Views 0 comment Print

XYZ Vs Directorate of State Lotteries (Competition Commission of India) Competition Commission has closed a complaint alleging unfair business practices by the Directorate of State Lotteries, West Bengal, and West Bengal Lottery Stockists Syndicate. Full Text of the order of Competition Commission of India 1. The present Information has been filed by XYZ (‘the Informant’) […]

RBI to regulate operation of payment intermediaries

May 11, 2020 3348 Views 0 comment Print

In this article we shall discuss the concept of Payment Aggregator and Payment Gateway. Further, we intend to cover the applicability, eligibility norms, governance practices and reporting requirements provided in the aforesaid guidelines.

Dispatch of notice by listed companies for rights issue- MCA clarifies

May 11, 2020 2085 Views 0 comment Print

MCA Clarification on dispatch of notice under section 62(2) of Companies Act, 2013 by listed companies for rights issue opening upto 31st July, 2020 vide General Circular No. 21/2020 Dated: 11th May, 2020. General Circular No. 21/2020 F. No. 2/4/2020-CL-V Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. R. […]

HC directs department to conduct CST Assessment after providing Opportunity of Cross-Examination to Dealer

May 11, 2020 735 Views 0 comment Print

The respondents are now directed to conduct reassessment proceedings by granting reasonable opportunity to the petitioner of cross-examination in respect of the documents pertaining to the Krishi Upaj Mandi Samiti, Guna (M.P.).

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