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Tariff Notification No. 17/2022-Customs (N.T.) Dated: 15.03.2022

March 15, 2022 1050 Views 0 comment Print

Tariff Notification No. 17/2022-Customs (N.T.) Dated: 15.03.2022 – 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. 17/2022-CUSTOMS (N.T.) | Dated: 15th March, 2022 S.O. 1166(E).—In exercise of the powers conferred by […]

GST on Security Services rendered to various sites of Municipal Corporations

March 15, 2022 8574 Views 0 comment Print

In re Maharashtra Ex-Servicemen Corporation Ltd. (GST AAR Maharashtra) Whether the Chapter No. 99, Sr. No. 3 of the Exemption Notification No. 12/2017 is applicable to MESCO Ltd. for the pure services i.e. Security Services rendered to various sites of Municipal Corporations in relation to functions entrusted to it under Article 243 W of the […]

AAR Maharashtra allows ‘Shah Sakalchand Chunilal & Co’ to withdraw application

March 15, 2022 780 Views 0 comment Print

In re Shah Sakalchand Chunilal & Co (Hitesh P. Jain) (GST AAR Maharashtra) The Application in GST ARA Form No. 01 of M/s SHAH SAKALCHAND CHUNILAL & CO, vide reference ARA No. 75 Dated 11.03.2022 is disposed of, as being withdrawn voluntarily and unconditionally. FULL TEXT OF THE ORDER OF AUTHORITY FOR ADVANCE RULING, MAHARASHTRA […]

CIT(A) is expected to decide the appeal with reasons: ITAT Pune

March 15, 2022 1038 Views 0 comment Print

CIT(A) did disposed of the case, ex parte of assessee. Under section 250 (6) of Income Tax, CIT(A) is expected to decide the appeal with reasons determining the points thereon.

Section 80-IA deduction eligible on interest on Bond having direct nexus with business

March 15, 2022 2274 Views 0 comment Print

Odisha Power Generation Corporation Ltd. Vs ACIT (Orissa High Court) In the instant case, the Assessee has no other source of income except through generation and sale of power. All its receipts and expenditure relate to a single activity of power generation. There is no dispute that it is an industrial undertaking covered under Section […]

Master Direction – RBI (Regulatory Framework for Microfinance Loans) Directions, 2022

March 14, 2022 7257 Views 0 comment Print

A microfinance loan is defined as a collateral-free loan given to a household having annual household income up to ₹3,00,000. For this purpose, the household shall mean an individual family unit, i.e., husband, wife and their unmarried children.

Mewar Chamber of Commerce & Industry, Rajasthan is enlisted under Appendix 2E of FTP, 2015-2020

March 14, 2022 1545 Views 0 comment Print

Mewar Chamber of Commerce & Industry, Rajasthan is enlisted under Appendix 2E of FTP, 2015-2020 for issuing Certificate of Origin (Non Preferential).

Reducing Delays In Litigation Management – Reg.

March 14, 2022 3555 Views 0 comment Print

Field formations under your jurisdiction may be suitably sensitized to forward SLP/Civil Appeal proposals through LIMBS as well as through e-office mode, till the LIMBS application is stabilized and the same is used efficiently by the field formations.

Weekly newsletter from Chairman, CBIC dated 14/03/2022

March 14, 2022 819 Views 0 comment Print

This was amply borne out last week when Hon’ble Union Minister for Finance and Corporate Affairs and the Ministers of State for Finance graced the Investiture Ceremony for honoring 53 officers awarded the President’s Award for Specially Distinguished Record of Service and Exceptionally Meritorious Service at the Risk to Life.

GST not exempt on Distillery Wet/DRY Grain Soluble

March 14, 2022 3939 Views 0 comment Print

In re Allied Blenders and Distillers Private Limited (GST AAR Telangana) The applicant’s chief argument is that their bye-products i.e., Distillery Wet Grain Soluble (‘DWGS’) and Distillery Dry Grain Soluble (‘DDGS’) are used only as cattle feed and therefore have to be classified under S.No.102 of Notification No. 02/2017. It is observed that the Notification […]

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