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18% GST on Supply of Mangrove Seeds & Seedlings Plantation Services in Coastal Areas

December 12, 2022 1023 Views 0 comment Print

In re Raj Mohan Seshamani (Trade Name- M/s Sustainable Green Initiative), (GST AAAR West Bengal) In the case of Raj Mohan Seshamani, regarding the SAC (Services Accounting Code) and GST (Goods and Services Tax) rate for the outward supply related to mangroves cultivated and nurtured in coastal communities, the following key points were discussed: Background: Raj […]

Answer to question cannot be given in absence of proper details: GST Maharashtra

December 9, 2022 1335 Views 0 comment Print

In re Makarand Vasant Kulkarni (GST Maharashtra) The application was admitted with following directions to the applicant. Applicant to produce invoices, agreements and details to explain exact nature of work/activity being undertaken by the applicant. Applicant to inform exactly to which particular recipients (with details of name and course of details) the applicant provides the […]

Glaze Gels is covered under Chapter 1704 9090

December 9, 2022 2142 Views 0 comment Print

In re Healthy Life Foodtech Private Limited (GST AAR Maharashtra) Question 1: To answer in affirmative or negative that the impugned product GLAZE GELS is classifiable under chapter heading as under: SCHEDULE II — SR. NO 32AA — SUGAR BOILED CONFECTIONERY. 6% MGST Answer: – Answered in the negative. Question 2: If the answer to […]

Scheme(s) of Arrangement by entities who listed their NCDs/ NCRPS (‘debt listed entities’)

December 9, 2022 849 Views 0 comment Print

In this regard, it is clarified that the provisions of the aforementioned circular shall not apply to a Scheme of Arrangement which solely provides for an arrangement between a debt listed entity and its unlisted wholly owned subsidiary.

Steps taken by centre to reduce import reliance

December 9, 2022 678 Views 0 comment Print

Government has taken several steps to reduce import reliance so as to curb the trade deficit. These include creating/enhancing of domestic capacity, incentivizing domestic manufacturing through Production Linked Incentive (PLI) schemes, phased manufacturing plans, timely use of trade remedy options, adoption of mandatory technical standards, enforcement of FTA Rules of Origin (RoO) and development of […]

Exports by Post (Amendment) Regulations, 2022

December 9, 2022 1341 Views 0 comment Print

These regulations may be called the Exports by Post (Amendment) Regulations, 2022. They shall come into force on the date of their publication in the Official Gazette.

Exposure Draft on Long-Term Motor Products covering both Motor Third Party Insurance and Own Damage Insurance

December 8, 2022 621 Views 0 comment Print

There shall be a ‘Board-approved policy’ set up by the Insurer containing ects relating to operational matters, accounting (including provisioning requirements) and disclosures for addressing the issue pertaining to cancellation of policy including claw-back of commission.

Govt notifies NPCI for Aadhaar authentication under PMLA

December 7, 2022 3126 Views 0 comment Print

The e-KYC setu shall be a system put in place by National Payments Corporation of India (NPCI) to enable verification of identity of a client or its beneficial owner by a reporting entity through authentication under the Aadhaar Act without disclosing the Aadhaar number of the individual to the reporting entity.

FAQs on Master Direction – RBI (Transfer of Loan Exposures) Directions, 2021 (MD-TLE)

December 7, 2022 4197 Views 0 comment Print

Dive into FAQs on Master Direction – Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021 (MD-TLE). Understand key concepts like time of transfer, distribution of principal and interest income, treatment of fraud accounts, and more. Get clarity on the application of prudential norms and the eligibility of cooperative banks to transfer stressed assets.

MCA imposes penalty on Company for not affixing sign board at Registered Office

December 6, 2022 14718 Views 0 comment Print

Government of India Ministry Of Corporate Affairs Office of the Registrar of Companies, Bihar-Cum-Official Liquidator, High Court, Patna 4th Floor, ‘A’ Wing, Maurya Lok Complex Dakbunglow Road, Patna-800001 No.: ROC/Pat/Inspn./54521/S-12/2219 Dated: 06.12.2022 Order for penalty for violation of Section 12(3)(a) of the Companies Act, 2013 M/S. SUKHASAN FARMER PRODUCER COMPANY LIMITED CIN: U011001322020PTC054521 Appointment of Adjudication […]

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