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IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2022

June 15, 2022 2166 Views 0 comment Print

Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2022 Insolvency and Bankruptcy Board of India Press Release No. IBBI/PR/2022/28 | Dated: 15th June, 2022 Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2016 […]

IBBI invites suggestions for expeditious resolution of Real Estate Projects

June 15, 2022 669 Views 0 comment Print

Insolvency and Bankruptcy Board of India 14th June 2022 Inviting suggestions/inputs from public for effective and expeditious resolution of Real Estate Projects The Insolvency and Bankruptcy Code, 2016 (Code) was amended in 2018 to clarify the status of allottees of a real state project as Financial Creditors. However, large number of real estate projects are […]

IBBI (Information Utilities) (Amendment) Regulations, 2022

June 14, 2022 1938 Views 0 comment Print

These Regulations may be called the Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2022.

Creative Touch 5- series Interactive Flat panel (IFP) merit classification under CTH 8471

June 14, 2022 1983 Views 0 comment Print

CAAR held that Creative Touch 5-series Interactive Flat Panel (IFP) (Model-5652RK, 5752RK, 5862RK) merit classification under sub heading 8471 4190 of the first schedule to the Customs Tariff Act, 1975.

TC77 series touch computer not classifiable as smartphones

June 14, 2022 960 Views 0 comment Print

TC77 series touch computer, which is a handheld mobile computer used for asset inventory management purposes, Singapore Customs ruled (ref. No. CRL-211217-0036) that the product is classifiable under subheading 84713090. Therefore, notwithstanding the WCO classification advice to the contrary, it is my considered opinion that the devices under consideration are not classifiable as smartphones. They merit classification under subheading 84713090.

Upgradation of MahaRERA IT System

June 13, 2022 609 Views 0 comment Print

MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY No. MahaRERA/Secy/143/2022 Dated: 13/06/2022 Notification-cum-Advisory Sub: – Upgradation of MahaRERA IT System Promoters and Real Estate Agents are hereby informed that MahaRERA is upgrading its IT System in the matter of application registration process relating to applications submitted for registration of real estate projects as well as for real estate […]

AAR cannot give ruling if applicant is recipient of supplies in question

June 11, 2022 906 Views 0 comment Print

No ruling can be given on above two Questions, since the applicant is recipient of in respect of supplies involved in the aforesaid questions.

GST not payable on reimbursement of stipend paid to trainees by Industry Partner

June 11, 2022 5550 Views 0 comment Print

Reimbursement by Industry Partner to applicant, of stipend paid to trainees, does not attract tax under GST Act

Caution to Investors doing Algorithmic Trading

June 10, 2022 927 Views 0 comment Print

Securities and Exchange Board of India Press Release No. 20/2022 Caution to Investors against dealing with unregulated platforms offering Algorithmic Trading It has come to the notice of Securities and Exchange Board of India (SEBI) that many unregulated platforms are offering investors Algorithmic Trading services/facilities to automate their trades. Strategies are being marketed with “claims” […]

Turmeric in Whole form falls under the definition of ‘Agricultural Produce’

June 9, 2022 4269 Views 0 comment Print

In re N. B. Patil (GST AAAR Maharashtra) Q1. Whether the Turmeric (Turmeric in Whole form – not in powder form) is covered under the definition of ‘Agricultural Produce’ and exempted from GST? If not, what is the HSN code of Turmeric and the rate of GST on the Turmeric? A1. The Turmeric (Turmeric in […]

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