![Penalty for Profiteering Charges cant be imposed retrospectively: NAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/Penalty-NAA-profiteering-taxscan.jpg "Penalty for Profiteering Charges cant be imposed retrospectively: NAA [Read Order]")
Penalty for Profiteering Charges can't be imposed retrospectively: NAA [Read Order]
The National Anti-Profiteering Authority (NAA) found M/s Horizon Projects Pvt. Ltd. guilty of profiteering but did not impose the penalty for denying...
![18% GST for Services provided to Electricity Supply Companies: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/AAR-Services-Taxscan.jpg "18% GST for Services provided to Electricity Supply Companies: AAR [Read Order]")
![No penalty for denying ITC benefit to Customers prior to January 1, 2020: NAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/GST-NAA-Penalty-no-penalty-Input-Tax-Credit-taxscan.jpg "No penalty for denying ITC benefit to Customers prior to January 1, 2020: NAA [Read Order]")
![Gujarat HC quashes Form GST DRC-01A as writ applicant was denied opportunity of hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/Form-GST-DRC-01A-provisional-attachment-taxscan.jpeg "Gujarat HC quashes Form GST DRC-01A as writ applicant was denied opportunity of hearing [Read Order]")
![Research & Development for COVID-19 vaccine, drugs & medical devices included in CSR: MCA [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/08/MCA-CSR-COVID-19-vaccine-medical-devices-Taxscan.jpg "Research & Development for COVID-19 vaccine, drugs & medical devices included in CSR: MCA [Read Notification]")
RBI directs Banks to make detailed Board approved policy on methodology and periodicity for review/renewal of Credit facilities [Read Circular]
The Reserve Bank of India (RBI) has directed to make detailed Board approved policy on methodology and periodicity for review/renewal of credit facilities on ad-hoc/short review/renewal of credit...
![RBI directs Banks to make detailed Board approved policy on methodology and periodicity for review/renewal of Credit facilities [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/08/RBI-methodology-periodicity-credit-facilities-Taxscan.jpg "RBI directs Banks to make detailed Board approved policy on methodology and periodicity for review/renewal of Credit facilities [Read Circular]")
Central Govt. notifies Consumer Protection Authority Allocation and Transaction of Business Regulations, 2020 [Read Notification]
The Central Consumer Protection Authority (CCPA) has notified the Consumer Protection Authority (Allocation and Transaction of Business) Regulations, 2020 wherein various provisions related to the...
![Central Govt. notifies Consumer Protection Authority Allocation and Transaction of Business Regulations, 2020 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/08/Consumer-Protection-Authority-Taxscan.jpg "Central Govt. notifies Consumer Protection Authority Allocation and Transaction of Business Regulations, 2020 [Read Notification]")
![RBI clarifies New criteria for classifying MSME [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/08/RBI-MSME-Taxscan.jpg "RBI clarifies New criteria for classifying MSME [Read Circular]")
Unutilized CENVAT in respect of credit inputs/capital goods purchased can be availed for set off against the liability of Excise Duty: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench held that Unutilized CENVAT in respect of credit inputs or capital goods purchased can be availed for set off against the liability of Excise...
![Unutilized CENVAT in respect of credit inputs/capital goods purchased can be availed for set off against the liability of Excise Duty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/ITAT-CENVAT-credit-inputs-capital-goods-Excise-Duty-Taxscan.jpg "Unutilized CENVAT in respect of credit inputs/capital goods purchased can be availed for set off against the liability of Excise Duty: ITAT [Read Order]")
12% GST on Manufacture of PVC Tufted Coir Mats / Mattings / Floor coverings by the process of embedding coir yarn into PVC: AAR [Read Order]
The Kerala Authority of Advance Ruling (AAR) ruled that 12% GST is applicable on the Manufacture of PVC Tufted Coir Mats / Mattings / Floor coverings by the process of embedding coir yarn into PVC. ...
![12% GST on Manufacture of PVC Tufted Coir Mats / Mattings / Floor coverings by the process of embedding coir yarn into PVC: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/AAR-PVC-Tufted-Coir-Mats-Mattings-GST-Taxscan.jpg "12% GST on Manufacture of PVC Tufted Coir Mats / Mattings / Floor coverings by the process of embedding coir yarn into PVC: AAR [Read Order]")
Balance of convenience is in favour of the United Spirits: ITAT extends the stay for the second time [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the balance of convenience is in favour of the assessee in extending the stay, even though this is the second extension. The...
![Balance of convenience is in favour of the United Spirits: ITAT extends the stay for the second time [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/united-spirits-Taxscan.jpeg "Balance of convenience is in favour of the United Spirits: ITAT extends the stay for the second time [Read Order]")
CCI dismisses petition alleging Facebook-owned WhatsApp abused dominance to enter UPI Market [Read Order]
The Competition Commission of India (CCI) on Tuesday dismissed a petition against Facebook-owned WhatsApp that argued that the company was abusing its dominant position in messaging to enter and...
![CCI dismisses petition alleging Facebook-owned WhatsApp abused dominance to enter UPI Market [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/CCI-Facebook-WhatsApp-UPI-Taxscan.jpg "CCI dismisses petition alleging Facebook-owned WhatsApp abused dominance to enter UPI Market [Read Order]")