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IBBI invites comment on Application to Adjudicating Authority Rules, 2016

April 16, 2019 618 Views 0 comment Print

Comments are invited on the Insolvency and Bankruptcy Code, 2016 (Code) and the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016.(AA Rules)

GST on Forced Lubrication / Emergency Lube Oil Pumps etc. supplied to Indian Navy

April 16, 2019 6798 Views 0 comment Print

Forced Lubrication Pumps, Emergency Lube Oil Pumps , DG Lub Oil Transfer Pumps and Triple Screw Pumps manufactured by the Applicant supplied to the India Navy for commissioning in its Vessels and Warships are parts of ‘All types of Vessels & Warships”

GST on EPC contract for establishment of Fluids Servicing System

April 16, 2019 2883 Views 0 comment Print

In re Tata Projects Limited (GST AAR Tamilnadu) Q1. Whether supply of Engineering, Procurement and Construction (EPC) contract for establishment of Fluids Servicing System where in both goods  and services are supplied can be construed to be a composite supply in terms of Section 2(30) of CGST Act, 2017. The Supply of Engineering, Procurement and […]

Procedure for import of Pigeon Peas /Toor Dal/ Moong dal & Peas

April 16, 2019 3102 Views 0 comment Print

Procedure for import of 2 lakh MT of Pigeon Peas (Cajanus cajan)/Toor Dal, 1.5 lakh MT of Urad dal, 1.5 lakh MT of Moong dal and 1.5 lakh MT of Peas (including Yellow peas, Green peas, Dun peas and Kaspa peas) is laid down.

Insolvency Professionals- IBBI FAQs

April 16, 2019 2943 Views 0 comment Print

As per the Insolvency and Bankruptcy Code (IBC), 2016 an insolvency professional (IP) means a person: a. enrolled with an insolvency professional agency (IPA) as its member and, b. registered with Insolvency and Bankruptcy Board of India (the Board) as an insolvency professional (IP).

Branch Office or Subsidiary Company: Which is a Better Option for a Foreign Company Entering India

April 15, 2019 38175 Views 4 comments Print

A foreign company can commence operations in India by incorporating the subsidiary company most preferably as a Private limited company under the Companies Act, 2013. It is treated as a domestic company under Indian taxation laws and is eligible for all exemptions, deduction benefits as applicable to any other Indian Company.

GST on interest subvention income received by DFSI from Mercedes-Benz

April 15, 2019 14934 Views 0 comment Print

In re Daimler Financial Services India Private (GST AAR Tamilnadu) Whether the interest subvention income received by Daimler Financial Services India Private Limited (DFSI) from Mercedes-Benz India Private Limited (MB India) to reduce the effective interest rate to the final customer is chargeable to GST? The interest subvention income received by Daimler Financial Services India […]

18% GST Payable on Gemini Modern Auto / Traditional Coffee Filter

April 15, 2019 3174 Views 0 comment Print

In re Ms. V. V.Enterprises Private Limited (GST AAR Tamil Nadu) 1. Gemini Modern Auto Coffee Filter and Gemini Modern Traditional Coffee Filter supplied by the applicants are classifiable under Chapter Heading 84198190. 2. For the period 01.07.2017 to 14.11.2017, the applicable rate on “Gemini Modern Auto Coffee Filter” and “Gemini Modern Traditional Coffee Filter” […]

Why J&K, & New Approach to Terrorism will Remain a Key Political Issue

April 15, 2019 516 Views 0 comment Print

During the course of election campaign, whenever issues relating to the terror attack at Pulwama and the Air Strikes at Balakot are raised, India’s Opposition is on the back-foot. Why are national security and terrorism related issues being made into subject matters of electoral debate? This is a question they raise.

GST: Vehicle cannot be detained for mere Deficiency in Lorry Receipt

April 14, 2019 4698 Views 0 comment Print

F S Enterprise Vs State of Gujarat (Gujarat High Court) Insofar as the Lorry Receipt issued by the transporter is concerned, carrying the same is not a requirement prescribed under rule 138A(1) of the rules. It was submitted that under the circumstances, in the absence of any statutory provision empowering the respondents to make an […]

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