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HC directs tribunal to consider chemical analysis report of ‘AT-PLAST’ while deciding VAT Rate

May 14, 2022 966 Views 0 comment Print

Unique Engineers Vs Commissioner Commercial Tax Lko (Allahabad High Court) Admittedly, the revisionist manufactured ‘AT-PLAST’ which are being used in mixing of ready mix concrete / concrete and it has been averred by the revisionist that the said product are being used along with concrete for reducing the uses of water, delay the time of […]

Exemption from dispatch of hard copy of Annual Report to debenture holders

May 13, 2022 1782 Views 0 comment Print

It has been decided to provide relaxation up to December 31, 2022, from the requirements of Regulation 58 (1)(b) of the Listing Regulations which prescribes that an entity with listed non-convertible securities shall send a hard copy of statement containing the salient features of all the documents, as specified in Section 136 of Companies Act, 2013 and rules made thereunder to those holders of non-convertible securities who have not registered their email address(es) either with the listed entity or with any depository.

Amendment in Export Policy of Onions Seeds

May 13, 2022 1803 Views 0 comment Print

The Export Policy of Onion Seeds has been put under ‘Restricted’ category, with immediate effect. Notification No. 05/2015-20 Dated: 13th May, 2022

Advisory on Payment of fees in connection with filings made with SEBI

May 13, 2022 930 Views 0 comment Print

The BSE Exchange has received a communication from SEBI  regarding payment of fees in connection the filings made with the SEBI. Payment of fees in terms of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, SEBI (Buyback of Securities) Regulations, 2018, SEBI (Listing Obligations and […]

RBI withdraws additional 239 circulars – Total 714 circulars withdrawn

May 13, 2022 1173 Views 0 comment Print

The Regulations Review Authority (RRA 2.0) has recommended withdrawal of an additional 239 circulars. With this, the total number of circulars which stand withdrawn would be 714.

RBI allows lending by commercial banks to NBFCs & lending by SFBs to NBFC-MFIs on an on-going basis

May 13, 2022 408 Views 0 comment Print

Lending by commercial banks to NBFCs and lending by Small Finance Banks (SFBs) to NBFC-MFIs, for the purpose of on-lending to certain priority sectors, was permitted up to March 31, 2022. To ensure continuation of the synergies that have been developed between banks and NBFCs in delivering credit to the specified priority sectors, it has […]

Grievance redressal mechanism in case of pending GST Refunds

May 13, 2022 3366 Views 0 comment Print

under Section 54 of the DGST Act, 2017, taxpayer can claim the refund of any payment and interest before the expiry of two years from the relevant date. The proper officer shall issue the order within sixty days from the date of receipt of application, else interest at the rate not exceeding 6% shall be payable on such refund application.

Tariff Notification No. 41/2022-Customs (N.T.) Dated: 13.05.2022

May 13, 2022 2100 Views 0 comment Print

Tariff Notification No. 41/2022-Customs (N.T.) Dated: 13.05.2022 – Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 41/2022-CUSTOMS (N.T.) | Dated: 13th May, 2022 S.O. 2228(E).—In exercise of the powers conferred by […]

CAAR ruling on classification of Tello/AGRAS T16/Mavic Air 2/Dji Mini 2/hantom 4 Pro drone

May 13, 2022 4119 Views 0 comment Print

In re Ingram Micro Private Ltd (CAAR Mumbai) CAAR rule that the: – a) Tello drone merits classification under subheading 95030010 of the first schedule to the Customs Tariff Act, 1975 and would attract basic customs duty @60% adv. and IGST@ 18%; b) AGRAS T16 drone merits classification under subheading 88062400 of the first schedule […]

GST on transfer of business by Airport Authority of India to Adani

May 13, 2022 2250 Views 0 comment Print

Whether transfer of business by Airport Authority of India to Adani Lucknow International Airport Limited be treated as Supply u/s. 7 of CGST Act, 2017

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