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Sustainable Development and Climate Change

February 5, 2020 4719 Views 0 comment Print

The Sustainable Development Goals (SDGs) constitute a befitting framework to answer the developmental challenges to achieve a sustainable future, free from social, economic, and environmental inequalities and thereby ensuring a greener and healthy Planet for future generations. India’s achievement in the composite SDG index is commendable as the score has improved from 57 in 2018 […]

Pattadar Pass Book cum Title Deed classifiable under CH 4820: AAAR

February 4, 2020 15579 Views 0 comment Print

In re Manipal Technologies Limited (GST AAAR Karnataka) Section 6B of the Telangana Records of Rights in Land and Pattadar Passbooks Act, 1971 mandates that any person effecting transaction on the land such as sale or purchase or mortgage, such sale or purchase or mortgage document has to be registered before the registering authority by […]

State of the Indian and Global Economy in 2019-20

February 4, 2020 2808 Views 0 comment Print

The year 2019 was a difficult year for the global economy with world output growth estimated to grow at its slowest pace of 2.9 per cent since the global financial crisis of 2009, declining from a subdued 3.6 per cent in 2018 and 3.8 per cent in 2017.

Is India’s GDP Growth Overstated? No!

February 4, 2020 1344 Views 0 comment Print

As investors deciding to invest in an economy care for the country’s GDP growth, uncertainty about its magnitude can affect investment. Therefore, the recent debate about India’s GDP growth rates following the revision in India’s GDP estimation methodology in 2011 assumes significance, especially given the recent slowdown in the growth rate.

Creating Jobs & Growth by Specializing to Exports in Network Products

February 4, 2020 1764 Views 0 comment Print

The current environment for international trade presents India an unprecedented opportunity to chart a China-like, labour-intensive, export trajectory and thereby create unparalleled job opportunities for our burgeoning youth. By integrating ‘Assemble in India for the world’ into Make in India, India can create 4 crore well-paid jobs by 2025 and 8 crore by 2030.

Six months GST Return filing default for Cancellation of Registration

February 3, 2020 16878 Views 0 comment Print

Default in filing return for the period of six months should be existing both at time of issuance of notice and passing order for cancellation of the registration under Section 29(2)(c), sets aside the order cancelling the registration.

No Tax on Interest accrued on Govt grant received for construction of house for Police

February 3, 2020 2883 Views 0 comment Print

Income which accrued to the Assessee from the funds of the Government which were released to it were not diverted by it and could not be diverted by to any other purpose and had to be used only for the purposes which the Government directed and in case the funds were not used the Government had the right to recall them.

AAR can decide question of Place of Supply: Kerala HC

February 3, 2020 9855 Views 0 comment Print

In the instant case, it is true that the issue relating to determination of place supply as aforestated is not expressly enumerated in any of the clauses as per clauses (a) to (g) of Sec. 97(2) of the CGST Act, but there cannot be any two arguments that the said issue relating to determination of place of supply

Sales Tax exemption- Availability to units after re-organization of States

February 3, 2020 684 Views 0 comment Print

State of Madhya Pradesh and Ors. Vs. Lafargy Dealers Association and Ors. (Supreme Court) Whenever a new state is created, there would be difficulties and, issues would arise but these have to be dealt within the parameters of the constitutional provisions and the law and not by negating the mandate of the Parliament which has […]

Notification No. 11/2020-Customs (N.T./CAA/Extension/DRI), Dated 03.02.2020

February 3, 2020 510 Views 0 comment Print

Appointment of Common Adjudicating Authority by DGRI- Notification No. 11/2020-Customs (N.T./CAA/Extension/DRI), Dated 03.02.2020 Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 11/2020-Customs (N.T./CAA/EXTENSION/DRI) New Delhi, dated the 3rd February 2020 S.O. (E). – In exercise of powers conferred upon by first […]

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