Section 112 of the Customs Act

Central Excise Duty - Confiscation - CSETAT - Taxscan

Penalty u/s 112 Can’t be imposed unless Evidences to Show Prior Knowledge of Fraud and Wrongful Intent: CESTAT [Read Order]

December 24, 2019

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No GST payable on Recoveries made from Employees towards providing Parental Insurance: AAR [Read Order]

January 20, 2022

The Maharashtra Authority of Advance Ruling (AAR) no GST payable on recoveries made from employees towards providing parental insurance. The applicant, M/s Syngenta India Limited manufactures or sells pesticides, herbicides & various types of seeds and offers various incentives to its employees as a part of its employment policy, like group insurance policy for its […]

CCI- Investigating anti-competition Element - tendering process -lotteries on ground of lottery business outside ambit - commercial intercourse- Supreme Court - Taxscan

CCI can’t be prevented from Investigating Anti-Competition Element in tendering process of Lotteries on ground of Lottery business outside ambit of Commercial Intercourse: SC [Read Judgment]

January 20, 2022

The Supreme Court has ruled that the Competition Commission of India (CCI) cannot be prevented from investigating anti-competition Element in the tendering process of lotteries on grounds of lottery business outside the ambit of commercial intercourse. A complaint received by the Competition Commission of India from respondent seeking investigation under the Competition Act, 2002 in […]

Finance Minister authorises - Advance Instalment of Tax devolution- State Government - taxscan

Finance Minister authorises release of Advance Instalment of Tax devolution to State Govts amounting to Rs. 47,541 cr

January 20, 2022

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman has authorised the release of an advance instalment of tax devolution to State Governments amounting to Rs. 47,541 crore, here today. This is in addition to the regular devolution for the month of January 2022, also being released today. Thus, States would receive a total […]

Madras HC-Taxpayer - GST payment-litigation - Taxscan

Madras HC directs Taxpayer to request Customer to issue appropriate Credit Notes to neutralise alleged excess GST Payment as Litigation is barred by Limitation [Read Order]

January 20, 2022

The Madras High Court has directed the taxpayer to request customers to issue appropriate credit notes to neutralise alleged excess GST payment as litigation is barred by Limitation. It is the case of the petitioner, Quest Global Engineering Services Private Limited, that the Transferor Company namely the Quest Global Engineering Private Limited stood merged with […]

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No GST payable on Recoveries made from Employees towards providing Parental Insurance: AAR [Read Order]

January 20, 2022

CCI can’t be prevented from Investigating Anti-Competition Element in tendering process of Lotteries on ground of Lottery business outside ambit of Commercial Intercourse: SC [Read Judgment]

January 20, 2022

Finance Minister authorises release of Advance Instalment of Tax devolution to State Govts amounting to Rs. 47,541 cr

January 20, 2022

Madras HC directs Taxpayer to request Customer to issue appropriate Credit Notes to neutralise alleged excess GST Payment as Litigation is barred by Limitation [Read Order]

January 20, 2022

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