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Take Action Against E-Commerce Dealers, For Supplying Various Non-Essential Items: Bombay HC

May 25, 2021 672 Views 0 comment Print

One of the major grievance of the petitioner is that though under various SOPs issued by the State of Maharashtra including last SOP dated 13th April, 2021 and more particularly in clause 16, E-commerce is permitted only for supply of essential goods and services, various suppliers are supplying non-essential services also in gross violation of the said SOP dated 13th April, 2021. It is the case of the petitioner that though this violation is brought to the notice of the State Government, no action has been taken till date to stop this ongoing violation.

Mandatory recording of information about transfer of DFIA Scrips

May 25, 2021 2673 Views 0 comment Print

It is submitted that the recording of transferability of DFIA is being made online. In this regard, a facility has been created on DGFT website to record the information about transfer of DFIA scrips. The recording of given information would allow the transferee to apply for ARO/Invalidation against the said DFIA Scrip online.

GST on tanker body building on job work basis, on chassis supplied by customer

May 25, 2021 1512 Views 0 comment Print

In re CC FABS (GST AAR Kerala) 1. Whether the activity of tanker body building on job work basis, on the chassis supplied by the customer, is supply of goods or supply of service? The activity of tanker body building on the chassis supplied by the customer is a supply of service. 2. If it […]

GST on house boats used for cruises/day trips with Meals as part of Packages

May 25, 2021 6945 Views 0 comment Print

In re EVM Motors & Vehicles India Pvt. Ltd. (GST AAR Kerala) The new venture is a resort, in Muhamma in Alapuzha district. As part of this venture, house boats are being acquired and furnished. These house boats are to be used for cruises, overnight cruises and for day trips. Meals are provided as part […]

AAR Kerala allows withdrawal of application by Macro Media Digital Imaging

May 25, 2021 708 Views 0 comment Print

In re Macro Media Digital Imaging Pvt. Ltd. (GST AAR Kerala) The applicant requested advance ruling on the following; i) Whether the transaction of printing of content provided by the customer, on poly vinyl chloride banners and supply of such printed trade advertisement material is supply of goods? ii) What is the classification of such […]

Advance ruling cannot be obtained on applicability of provisions of Section 51 to a third person

May 25, 2021 675 Views 0 comment Print

In re Jimmy Antony, M/s. Jimraj Industries (GST AAR Kerala) In the instant case the first and the fifth question raised by the applicant pertains to the applicability of the provisions of Section 51 of the CGST Act to a third person namely; Kerala Agro Machinery Corporation Ltd. As discussed above, the provisions of the […]

IFSCA Framework on computation of Exposure Ceiling for FC/FU

May 25, 2021 903 Views 0 comment Print

The Authority directs the FC/FU in the International Financial Services Centres (herein referred to as ‘IFSCs’) to adhere to the following framework for the computation of Exposure Ceiling.

PFRDA (Pension Fund) (Fifth Amendment) Regulations, 2021

May 25, 2021 1131 Views 0 comment Print

These regulations may be called the Pension Fund Regulatory and Development Authority (Pension Fund) (Fifth Amendment) Regulations, 2021.

Section 147: Assessee cannot be put to mercies of careless, casual, arbitrary or whimsical exercise of power

May 25, 2021 2790 Views 2 comments Print

Simar Kaur Vs ACIT (ITAT Chandigarh) It is seen that the assessee has consistently maintained its challenge that notice was not issued as it has not been served. The tax authorities have rejected the challenge holding that non-receipt is not equivalent to non-service. It is seen that though the challenge is recorded the wording in […]

India attracted highest ever total FDI inflow during 2020-21

May 24, 2021 528 Views 0 comment Print

India attracted highest ever total FDI inflow of US$ 81.72 billion during 2020-21, 10% more than the last financial year Measures taken by the Government on the fronts of Foreign Direct Investment (FDI) policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country. The following trends in […]

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