Author: Shabana Rubani

Importer Expenses on ads and promotion

By Shabana Rubani
Advertising, Marketing, and promotion (‘AMP’) expenses incurred by Importer not required to be added in the value of imported goods; Appeal dismissed by SC Case Details: Commissioner of Customs v. Indo Rubber and Plastic Works The appellant was engaged in importing and distributing of ‘Li Ning’ brand of sports goods. There…
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ADG Custom

By Shabana Rubani
Additional Director General of DRI is not empowered for initiation of recovery proceedings under Customs: SC Case Details: Canon India (P.) Ltd. v. Commissioner of Customs The issue under consideration was whether the Directorate of Revenue Intelligence (‘DRI’) has the authority in law to issue a show-cause notice under Section 28(4)…
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Rule 89(5) GST

By Shabana Rubani
Rule 89(5) which denies refund of unutilised ITC of input services is not ultra vires; SC set aside the decision of Gujarat HC Case Details: Union of India v. VKC Footsteps India Pvt Ltd. Few writ petitions were filed before the High Court of Gujarat and the High Court of Madras…
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Important Fact/case about custom duty

By Shabana Rubani
SC admits appeal to decide duty of customs referred in Exemption Notification No. 45/2017 would include IGST or not Case Details: Commissioner of Customs v. Interglobe Aviation Ltd. The assessee was a scheduled airline operator engaged in the business of transportation of passengers and goods by air within and outside India.…
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Important case of GST

By Shabana Rubani
Apex Court reversed the decision of Delhi High Court in the case of Bharti Airtel which allowed rectification of GSTR-3B Case Details: Union of India v. Bharti Airtel Ltd. The grievance of the petitioner was regarding rectification of Form GSTR- 3B for the period from July to September 2017. The Delhi…
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How to do GEM registration

By Shabana Rubani
Primary Seller Registration Process Go to the Government Site of GeM. Click on the Signup option on the top left of the page. … New page on Create your organization seller account open. … Fill in all the Details asked in the next form. … After filling in all the…
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GST Council Constitution

By Shabana Rubani
According to Article 279A, it is on the part of the president to give the order to constitute the council of GST within the 60 days from the 12th September 2016 which is already notified by the Government. Following are the designated personnel, who will form the GST Council together:-…
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Luxury Tax Rates

By Shabana Rubani
Tax rates that hotels incur: Restaurants with a turnover of less than Rs 50 lakh will be imposed a tax rate of 5 per cent. Non-ac restaurants will have a tax imposition of 12%. AC restaurants will incur 18% tax. Five-star restaurants will have to impose a luxury tax of…
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Wealth Tax

By Shabana Rubani
India’s tax system involves many different types of taxes and one of them is wealth tax (a.k.a. net worth tax, capital tax or equity tax). The government abolished wealth tax as announced in the budget 2015. In its stead, the government decided to increase the surcharge levied on the ‘super rich’ class…
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