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CBDT notifies Rule 44FA Form & manner of filing appeal to HC against Advance Ruling

May 31, 2022 960 Views 0 comment Print

CBDT notifies Rule 44FA. Form and manner of filing appeal to the High Court on ruling pronounced or order passed by the Board for Advance Rulings under sub-section (1) of section 245W vide Notification No. 57/2022-Income Tax | Dated: 31st May, 2022. MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) New Delhi […]

Constitutional validity of GST levy on Lease/Rental payments under scrutiny of Punjab & Haryana High Court

May 31, 2022 2118 Views 0 comment Print

Durga Dass Foundation Vs Estate Officer (Punjab & Haryana High Court) Punjab & Haryana HC has considered the constitutional validity of GST levy on ground rent/rental/Lease payments based on the following two substantial questions: (i) Whether the tax on lease of land would be covered by Entry 49 of List II of the Constitution of […]

Solvency margin for Pradhan Mantri Jeevan Jyoti Bima Yojana

May 31, 2022 900 Views 0 comment Print

For PMJJBY, the second factor for calculation of Required Solvency Margin as per Form KT-1 of IRDAI (Actuarial Report and Abstract for Life Insurance Business) Regulations, 2016 is revised from 0.10% to 0.05%.

MCA imposes Rs. 3 Lakh Penalty on Company & Directors for not maintaining its registered office

May 30, 2022 3408 Views 0 comment Print

A company shall, on and from the thirty days of its incorporation and at all times thereafter, have a registered office capable of receiving and acknowledging all communications and notice as may be addressed to it. If any default is made in complying with the requirements of this section, the company and every officer who […]

Provision for Online Mutation in Property Tax Registers in Cantonments

May 30, 2022 1191 Views 0 comment Print

As a step towards facilitating ease of living, over 2.18 lakh property tax payers living in cantonment areas would be able to apply online for Mutation in property tax register under eChhawani Portal (https://echhawani.gov.in). The property owners are required to apply online on eChhawani Portal for mutation in property tax register along with required documents […]

Fake reviews on E-Commerce platforms under Centre’s radar

May 30, 2022 1032 Views 0 comment Print

Department of Consumer Affairs to hold meeting with E-Commerce entities and stakeholders to discuss magnitude of fake reviews and prepare a roadmap ahead

Export of Wheat- RAs will do physical verification of all LCs

May 30, 2022 666 Views 0 comment Print

Henceforth all RC applications found eligible for approval after physical verification of the LCs by the RAs, would be sent to a 2 member committee of Addl DGFTs constituted in DGFT (Hqrs) for further checking and approval.

GST exempt on vehicles rented to State Transport Undertakings or Local Authorities

May 27, 2022 6618 Views 0 comment Print

In re MH Ecolife E-Mobility Pvt. Ltd. (GST AAR Maharashtra) It was noticed at the time of final hearing of original order (dated 22/12/2021) passed in present case that a very similar issue which was involved in the case of M/s. M P Enterprises & Associates Limited, Advance Ruling No. GST-ARA 37/2020-21/B-16, dated 14 June […]

18% GST payable on Renting of immovable Property Services to PCSCL

May 27, 2022 3510 Views 0 comment Print

In re Auto Cluster Development and Research Institute (GST AAR Maharashtra) The Smart Cities Mission is a vision of the Government of India to drive economic growth and improve the quality of life of people by enabling local area development and harnessing technology, especially technology that leads to Smart outcomes, area-based development which will transform […]

AAR Maharashtra allows ‘Hitachi Astemo Brake Systems’ to withdraw application

May 27, 2022 918 Views 0 comment Print

The Application in GST ARA Form No. 01 of M/s. HITACHI ASTEMO BRAKE SYSTEMS INDIA PRIVATE LIMITED, vide reference Online ARA Application Dated 18.06.2018 is disposed of, as being withdrawn voluntarily and unconditionally.

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