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CA Final Student Marks Verification data under RTI Act & ICAI Procedure

February 24, 2020 4095 Views 0 comment Print

Recently Mr. Somu Naga Chandra has sought for Certain Information under RTI Act from ICAI regarding  number of application received for inspection, Verification  or issue of  certified copies for CA Final Examination held in May, 2018, November, 2018 and May, 2019 under Normal ICAI Provisions and under RTI Law. He specifically asked the details of […]

IGST on vessel charter hire charges

February 24, 2020 20958 Views 0 comment Print

In re Ocean Sparkle Limited (GST AAR Andhra Pradesh) Basic issue before AAR is whether the Tug Jupiter that the Applicant has let out under a charter for 730 days (with an option to extend the contract one year more) is classifiable under SAC 996602 as ‘Rental Services of water vessels including passenger vessels, freight […]

GST on transfer of Business unit from one state to other with Capital Assets & ITC utilisation

February 24, 2020 16731 Views 0 comment Print

In re Shilpa Medicare Limited (GST AAR Andhra Pradesh) From the record we find that the business of the applicant i.e., Shilpa Medicare Limited of Andhra Pradesh unit, as a whole along with the capital assets is being transferred as going concern to Shilpa Medicare Limited of Karnataka Unit for a monetary consideration. The applicant […]

GST on marketing & consultancy services to foreign company for Indian Customers

February 24, 2020 55647 Views 9 comments Print

In re DKV Enterprises Private Limited (GST AAR Andhra Pradesh) Whether the marketing and consultancy services supplied by the applicant are liable under export of service or not? The applicant submitted that in the capacity of consultant, they will promote the sale of and solicit orders for the products throughout the Territory in accordance with […]

Changes to Margin Framework for Cash & Derivatives segments

February 24, 2020 3390 Views 0 comment Print

The Extreme Loss Margin shall be 3.5% for any stock and 2% for ETFs that track broad based market indices and do not include ETFs which track sectoral indices.

GST on additional facilities provided with accommodation services

February 23, 2020 2529 Views 0 comment Print

In re Sri DMS Hospitality Private Limited (GST AAAR Karnataka) As regards the taxability of the charges for the additional facilities provided by the Appellant to Sodexo Food Solutions, it is seen that in terms of the agreement, the Appellant charges an amount of Rs 1,22, 893/- towards the following facilities:- (i) Washrooms and toilets […]

Constitution of 22nd Law Commission of India

February 21, 2020 2751 Views 0 comment Print

The sanction of the President is hereby accorded to the constitution of the Twenty-second Law Commission of India for a period of three years from the date of publication of this Order in the Official Gazette consisting of:

Committee to implement proposed Cross Border Insolvency provisions

February 21, 2020 870 Views 0 comment Print

Constitution of a committee for recommending Rules & Regulatory framework for smooth implementation of proposed Cross Border Insolvency provisions in the Insolvency & Bankruptcy Code, 2016

Airlines Allowed to permit use of Mobile and Internet in Aircraft

February 21, 2020 1194 Views 0 comment Print

Pilot-in-Command may permit the access of internet services by passengers on board an aircraft in flight, through Wii-Fi on board, when laptop, smartphone, tablet, smartwatch, e-reader or a point of sale device is used in flight mode or airplane mode:

Transportation of Goods (Through Foreign Territory), Regulations, 2020

February 21, 2020 1710 Views 0 comment Print

(1) These regulations may be called the Transportation of Goods (Through Foreign Territory), Regulations, 2020. (2) They shall come into force on the day of their publication in the official gazette.

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