12 August 2024

Search Results for Tag : ITC

Judgments

Courts cannot direct the States to implement a particular policy or scheme on ground that a better, fairer or wiser alternative is available(22.02.2024)

The Petitioners have filed the present petition under Article 32 of the Constitution of India, 1950 seeking various directions against the States and .....

Tags : Implementation, Community Kitchens, Direction

Notifications & Circulars

Standard Operating Procedure for handling of technical glitches by market infrastructure institutions and payment of financial disincentives thereof(05.07.2021)

1. MIIs (i.e. Stock Exchanges, Clearing Corporations and Depositories) are systemically important institutions as they, inter-alia, provide infrastruc.....

Tags : SOP, Handling, Technical glitches

Clarification to deal with difference in Input Tax Credit (ITC) availed in FORM GSTR-3B as compared to that detailed in FORM GSTR-2A for the period 01.04.2019 to 31.12.2021(17.07.2023)

1. Attention is invited to Circular No. 183/15/2022-GST dated 27th December, 2022, vide which clarification was issued for dealing with the difference.....

Tags : Clarification, ITC, Instructions

Clarification in respect of GST liability and input tax credit (ITC) availability in cases involving Warranty/ Extended Warranty(26.06.2024)

1. Reference is invited to Circular No. 195/07/2023-GST dated 17.07.2023 (herein after referred to as "the said circular") clarifying certain issues r.....

Tags : Clarification, GST liability, ITC

Harmonisation of Chapters 40 to 98 of Schedule-II (Export Policy) to ITC(HS) codes(02.08.2024)

1. DGFT is in the process of harmonising the extant Schedule-II (Export Policy) to the 8-digit ITC(HS) codes, in lieu of the description-based Export .....

Tags : Harmonisation, Export Policy, ITC(HS) codes

News

Calcutta HC Stays TRAI's February 1 Cable Switch-Over Plan(31.01.2019)

Calcutta High Court has stayed cable switch-over plan of TRAI and directed Additional Solicitor General to explain whether a clause of negotiation bet.....

Tags : Calcutta High Court, Cable Switch-Over Plan, TRAI

NAA: Refusal of Benefit of ITC to Buyers of Flats would Amount to Profiteering(24.12.2019)

National Anti-Profiteering Authority has ruled that if the Respondent has denied the benefit of ITC to the buyers, then provisions of Section 171 of t.....

Tags : NAA, ITC

# GST Changes Applicable From 01.01.2021: ITC Availment for Missed Invoices Capped at 5%(29.12.2020)

Rule 36(4) of the Central Goods and Service Tax Rules, 2017 has been amended to the effect that the registered person is restricted from availing the .....

Tags : ITC Availment, Missed Invoices

# GST Changes Applicable From 01.01.2021: Compulsory Payment by Cash of At Least 1% of Tax Liability(29.12.2020)

New Rule 86B has introduced restrictions on the use of amount of Input Tax Credit (ITC) available in electronic credit ledger. As per the said Rule, a.....

Tags : Tax Liability, Use of ITC

# GST Changes Applicable From 01.01.2021: Time Limit for ITC Availment on Debit Note Amended(29.12.2020)

Finance Act, 2020 has amended Section 16 (4) of the Central Goods and Service Act, 2017, omitting the words “invoice relating to such” and hence the t.....

Tags : Finance Act, 2020, Central Goods and Services Act, 2017, ITC on Debit Note

Supreme Court Seeks Govt’s Response on Plea to Regulate Bitcoin(15.11.2017)

Supreme Court has sought response from the Centre over a plea to regulate the flow of bitcoin and ensure that this virtual currency be made accountabl.....

Tags : Supreme Court, Bitcoin

Supreme Court Issues Notice on Request for Establishing Community Kitchens in Country(03.09.2019)

Supreme Court has asked the Centre to file its response to the petition seeking setting up of community kitchens across India to eradicate hunger, mal.....

Tags : Supreme Court, Community Kitchens

Delhi HC: No Vested Right of Candidates Erroneously Declared Successful Due to Technical Glitch(11.07.2022)

Delhi High Court while refusing relief to candidates in connection with NEET-UG examination 2021, has held that there is no right which stands vested .....

Tags : Delhi High Court, NEET-UG, Technical Glitch

Delhi HC Asks Director General of Income Tax to Resolve Glitches in Income Tax Portal(31.08.2021)

Delhi High Court has asked the Director General of Income Tax to resolve the glitches in the income tax portal while observing that the new software s.....

Tags : Delhi High Court, Glitches in Income Tax Portal

SAT Rejects ITC’s Appeal Over Sale of Leela Hotels to Brookfield(27.09.2019)

Securities Appellate Tribunal (SAT) has rejected an appeal by ITC Ltd challenging the sale of Hotel Leelaventure Ltd’s assets to Brookfield Asset Mana.....

Tags : SAT, ITC

Supreme Court Asks Governments to Step up Efforts to Combat Hunger(30.10.2019)

With 14.8 per cent of India's population going hungry every day, Supreme Court has asked the central and state governments why there are no "community.....

Tags : Supreme Court, community kitchens, public distribution system scheme

Russia’s Supreme Court Calls for Review of Bitcoin Website Ban(23.04.2018)

Supreme Court of Russia has ordered the St. Petersburg City Court to review an appeal against blocking bitcoininfo.ru, a cryptocurrency website.

Tags : Supreme Court, Bitcoin

Delhi High Court Issues Notice to RBI, Centre on Bitcoin Ban(23.04.2018)

Delhi High Court has issued a notice to the Reserve Bank of India after an appeal was filed to scrap a notification that barred banks from supporting .....

Tags : Delhi High Court, Bitcoin

Madhya Pradesh High Court Issues Notice on Plea Against Witch-Hunting(20.01.2020)

Madhya Pradesh High Court has issued a notice on a Plea filed against the infamous practice of witch-hunting, prevalent in the state.

Tags : Madhya Pradesh High Court, Witch-Hunting

SC Directs to Come Up with Scheme for Establishing Pan-India Community Kitchens(28.10.2021)

Supreme Court has directed the Central Government to come up with a scheme for establishing pan-India community kitchens, after interacting with the s.....

Tags : Supreme Court, Pan-India Community Kitchens

SC to Centre: Come Up With a Policy After Looking into States' Policies(04.11.2022)

Supreme Court while adjourning a PIL seeking establishment of community kitchens has asked the Centre to look into the policies being implemented by t.....

Tags : Supreme Court, Community Kitchen, Policy

Allahabad HC Seeks Response of GST Authority on Software Glitches(19.01.2021)

Allahabad High Court has sought the response of the Central Goods & Services Tax (CGST) Authority in a case relating to technical glitches in its soft.....

Tags : Allahabad High Court, Software Glitches

SC Dismisses ITC Plea Challenging Order Refusing to Restrain Nestle for Use of Magic Masala(30.11.2021)

Supreme Court has dismissed ITC Limited's Special Leave Petition challenging the order of the Division Bench of the Madras High Court, wherein the Hig.....

Tags : Supreme Court, ITC Limited, Nestle

Del. HC: Refund Can’t be Denied if Application Couldn’t be Uploaded Due to Technical Glitches(28.12.2023)

Delhi High Court has held that the assessee’s legitimate right to seek refund couldn’t be foreclosed if he attempted to upload his application for ref.....

Tags : Delhi High Court, Refund, Technical Glitches

Delhi High Court Holds Stay Order on ITC Suit against Britannia(26.08.2016)

Delhi High Court did not issue any stay order on ITC Ltd's suit against rival biscuit maker Britannia Industries Ltd. which had alleged that the latte.....

Tags : Delhi High Court, ITC Ltd., Britannia Industries Ltd.

Bombay HC Grants Bail to Person Alleged of Availing Inadmissible ITC(18.02.2021)

Bombay High Court granted the bail to Daulat Samirmal Mehta who allegedly availed inadmissible Input Tax Credit to the extent of Rs.191.66 crores.

Tags : Bombay High Court, Person Alleged of Availing Inadmissible ITC

Karnataka High Court Quashes Criminal Case for Setting Up Bitcoin ATM(18.02.2021)

Karnataka High Court has quashed and set aside the criminal case registered against founders, B V Harish and Sathvik Vishwanath of Unocoin company for.....

Tags : Karnataka High Court, Bitcoin ATM

Supreme Court Gives Three Weeks Time To Centre To Frame Community Kitchen Policy(17.11.2021)

Emphasizing that a welfare state has a constitutional duty to ensure that no one dies of hunger, the Supreme Court has granted 3 weeks time to the Cen.....

Tags : Supreme Court, Community Kitchen, Central Government

Korea’s Supreme Court Orders Seizure of $1.4 Million in Bitcoin in Criminal Case(31.05.2018)

South Korea’s Supreme Court has said that cryptocurrency can be deemed a forfeitable asset in a criminal prosecution.

Tags : South Korea, Supreme Court, Bitcoin

Korea’s Supreme Court Orders Seizure of $1.4 Million in Bitcoin in Criminal Case(31.05.2018)

South Korea’s Supreme Court has said that cryptocurrency can be deemed a forfeitable asset in a criminal prosecution.

Tags : South Korea, Supreme Court, Bitcoin

Supreme Courts Asks Centre to Consider Framing Model Community Kitchen Schemes(18.01.2022)

Supreme Court has asked the Union of India to consider preparing a model scheme for community kitchens across the country and providing additional foo.....

Tags : Supreme Court, Framing Model Community Kitchen Schemes

AAAR, Tamil Nadu: INOX Cannot Utilise ITC of GST Restricted u/s 17 (5) (d)(19.01.2022)

Appellate Authority of Advance Ruling (AAAR) Tamil Nadu while upholding the Authority of Advance Ruling’s Order has held that INOX cannot utilise Inpu.....

Tags : Appellate Authority of Advance Ruling, INOX, Utilization of ITC

Delhi High Court: Department Directed to Consider ITC Refund in Light of Circular Issued by CBIC(13.02.2024)

Delhi High Court has directed the department to consider refund of Input Tax Credit (ITC) in light of circular issued by Central Board of Indirect Tax.....

Tags : Delhi High Court, ITC Refund, CBIC

SC Asks Government: Can Salt be Pure?(31.08.2016)

SC has asked Centre, “Is salt a flavouring agent or a food product? “, to clarify the query that arose in a plea filed by an ITC Hotels nominee, chall.....

Tags : SC , Centre, ITC Hotels, salt

Delhi HC Injuncts Britannia from Selling “NutriChoice Zero” Biscuits(06.09.2016)

Delhi HC, while providing an interim relief to ITC Ltd, has injuncted rival company Britannia Industries Ltd from selling its digestive biscuits, Nutr.....

Tags : Delhi HC, ITC Ltd., Britannia

Supreme Court Gives Britannia, ITC Chance to Settle Dispute Out of Court(12.07.2017)

Supreme Court gave an opportunity to Britannia Industries Limited and ITC Limited to settle their dispute regarding the alleged deceptive packaging of.....

Tags : Supreme Court, Britannia, ITC

Jharkhand HC Takes Suo Moto Cognizance of Murder of a Family as Part of 'Witch-Hunt'(09.03.2021)

Jharkhand High Court has taken suo moto cognizance of the 'disturbing' killings of five members of a family in the State, including a five years old c.....

Tags : Jharkhand High Court, Murder of a Family, 'Witch-Hunt'

Bombay HC: Implead ITC, Finance Ministry, SEBI as Parties in PIL Against LIC Investment in LIC(28.04.2017)

Bombay High Court has directed petitioners of a PIL opposing idea of Life Insurance Corporation of India holding one-third equity stake in tobacco gia.....

Tags : Bombay High Court, ITC, Finance Ministry, SEBI

Supreme Court Imposes Additional Cost on States for Failure to File Reply(17.02.2020)

Supreme Court has imposed additional costs amounting to Rs. 5 Lakhs on Maharashtra, Delhi, Manipur, and Orissa & Goa Governments for failure to file t.....

Tags : Supreme Court, Community Kitchens

Supreme Court Refuses to Stay RBI’s Virtual Currencies Circular(04.07.2018)

Supreme Court has refused to stay Reserve Bank of India’s circular that virtually banned banks and financial institutions from providing services to a.....

Tags : Supreme Court, Bitcoin

Gujarat HC: ITC Received from Input Service Distributor Lying Unutilized Liable to be Refunded(07.03.2022)

Gujarat High Court has held that Input Tax Credit received from input service distributor lying unutilized in electronic credit ledger is liable to be.....

Tags : Gujarat High Court, ITC from Input Service Distributor

SC to HCs: Do Not Entertain Petitions Relating to RBI Circular Prohibiting Virtual Currencies(24.05.2018)

Supreme Court has asked high courts across the country not to entertain any petition relating to the circular issued by the Reserve Bank of India on “.....

Tags : Supreme Court, Bitcoin

SC Grants Bail to Amit Bhardwaj in Bitcoin Scam Case(04.04.2019)

Supreme Court has granted bail to multi-crore Bitcoin scam accused Amit Bhardwaj on the condition of his depositing Rs. 10 crore in the Supreme Court .....

Tags : Supreme Court, Bitcoin, Amit Bhardwaj

Bombay HC Allows 58 Jain Temple Premises to Operate Kitchen for Nine Days of Ayambil Tap(19.04.2021)

Bombay High Court has allowed 58 Jain temple/trusts to open up their kitchens for cooking 'pious food' for the nine days of Ayambil Oli Fast, after th.....

Tags : Bombay High Court, Jain Temples, Operating Kitchen for Ayambil Tap

ITC Wins Trademarks Dispute against NTC Industries(05.10.2015)

Bombay High Court has decided trademark case in favour of ITC Limited, holding that smaller rival company NTC Industries, prima facie, infringed on ci.....

Tags : Bombay High Court,ITC ,NTC

NHRC Takes Cognizance of Mother Pulling Suitcase with Exhausted Kid Sleeping(18.05.2020)

National Human Rights Commission has taken suo motu cognizance of media reports about a mother pulling a suitcase with her small child sleeping on it .....

Tags : National Human Rights Commission, Mother Pulling Suitcase with Exhausted Kid Sleeping

SC Asks Bitcoin Scam Accused to Share Information With ED(19.04.2022)

Supreme Court has pulled up Ajay Bhardwaj, the accused in the Gain Bitcoin scam, for not complying with its direction to disclose details of the user.....

Tags : Supreme Court , Enforcement Directorate, cryptocurrency, Bitcoin

RBI to Banks: Allow Mobile Banking Registration at ATMs(18.12.2015)

Reserve Bank of India (RBI) has asked all National Financial Switch (NFS) member banks to make changes in ATM switches by March 2016 to help customers.....

Tags : Reserve Bank of India, National Financial Switch

Gauhati HC: Witch-Hunt Still Prevalent In Many States; Need Special Law To Tackle It(01.11.2017)

Gauhati High Court has observed that branding of a man or a woman as a witch and then resorting to witch hunting is the most dehumanising act and is o.....

Tags : Gauhati High Court, Witch-Hunt

Delhi HC Denies to Stay Order against Britannia for Copyright Infringement(12.09.2016)

Delhi HC has denied to stay order against Britannia for copyright infringement. ITC Ltd has claimed trademark and copyright infringement by Britannia .....

Tags : Delhi HC, Britannia , ITC Ltd

Delhi HC: Non Filing of Response Due to Technical Glitch in E-Filing Portal(04.05.2022)

Delhi High Court has observed that the taxpayer could not file a response under the Faceless Scheme due to a technical glitch in the e-filing portal.

Tags : Delhi High Court, Faceless Scheme, e-filing portal, technical glitch

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