OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-III) JAWAHARLAL NEHRU CUSTOMS HOUSE, NHAVA SHEVA, TALUKA - URAN, DIST- RAIGAD - 400 707 F.NO. S/26-MISC- 12/TSK/2020-21/ JNCH Dated: 13.10.2020 PUBLIC NOTICE NO. 132/2020 DIN - 20201078NW00007TB022 Subject: Faceless Assessment - Creation of Facilitation Helpdesk - Reg. Attention of all Importers, Exporters, Customs Brokers and other stakeholders is invited to CBIC's Circular No. 45/2020-Customs, dated 12.10.2020 and Public Noti... ... ...

New Delhi, Sep 11 (PTI) Commerce and Industry Minister Piyush Goyal on Friday urged BRICS member countries to link their payment systems, encourage trade in local currencies, and make digital trade more accessible globally. Addressing the Opening Session of BRICS Business Forum 2026 here, he said India has taken significant initiatives in laying out a digital public infrastructure. India's Unified Payments Interface (UPI) has crossed over 250 billion transactions a year, representing mor... ... ...

GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE & TAXES (POLICY BRANCH) VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110002 No. F.3(294)/Policy-GST/2019/20-26 Dated: 13/07/2020 CIRCULAR NO. - 08/2020-GST (Ref. Circular No. 121/40/2019-GST of Central Tax) Subject - GST on license fee charged by the States for grant of Liquor licences to vendors-reg. Services provided by the Government to business entities including by way of grant of privileges, licences,... ... ...

Hon'ble Judges O. Chinnappa Reddy and R.S. Sarkaria, JJ. JUDGMENT O. Chinnappa Reddy, J. 1. Melaram, brother of the appellant was the highest bidder at an auction of a forest coupe. The coupe was knocked down in favour of Melaram for a sum of Rs. 93,000/-. Melaram executed an agreement undertaking to pay the sum of Rs. 93,000/- in certain installments. The agreement was also signed by the Divisional Forest Officer, Nimawar. The appellant, the brother of Melaram, executed a surely bo... ... ...

Registered Non Profit Organisation   Definition as per the Income-tax Act, 2025 Section 355 { For purpose of Part B, NPO}  "registered non-profit organisation" means any person having a valid registration under any specified provision and such registration has not been cancelled. =============... ... ...

Registration for Part B concerning NPOs includes provisional registration, provisional approval and approval recognised under the specified income-tax registration and exemption framework, including registration under section 332. It excludes approval relating to the specified donor-deduction regime and approval under section 354.

A registered person who inadvertently filed a NIL refund claim in FORM GST RFD-01A/RFD-01 may reapply for the same period through the "Any Other" category, with requisite supporting documents. For unutilised input tax credit refunds involving exports without tax payment, SEZ supplies without tax payment, or inverted tax structure, no subsequent-period claim under the same category must have been filed. The proper officer scrutinises eligibility, determines the admissible refund, may require electronic credit ledger debit through FORM GST DRC-03, and may issue refund and payment orders upon proof of debit.

Commercial activity for purposes of Part B concerning NPOs includes trade, commerce, business, and services connected with trade, commerce or business, where a cess, fee or other consideration is received. Its characterisation is unaffected by the use, application or retention of the resulting income.

Recognition of bullion exchanges and bullion clearing corporations requires demutualised companies with fit-and-proper management and shareholders, compliant ownership and governance structures, prescribed net worth, and adequate infrastructure. Exchanges must provide screen-based trading, real-time surveillance, member regulation, grievance redressal and continuity systems. Clearing corporations must maintain risk-management, netting, novation, settlement-guarantee, member-connectivity and orderly wind-down arrangements. Every exchange must use a bullion clearing corporation for clearing and settlement, and settlement obligations determined under approved bye-laws are final, irrevocable and binding.

GST classification separates operational support services for petroleum, natural gas and mining extraction under heading 9986 from geological, geophysical, consulting, mineral exploration and evaluation services under heading 9983. Extraction support includes well-related operations, test drilling connected with extraction and contract operation of extraction units. Geological and geophysical prospecting, feasibility studies, project evaluation, surveying and mineral evaluation are classified separately. Services outside these entries must be classified under their respective headings and taxed accordingly.

Donation under Part B of the Income-tax Act, 2025 means any voluntary contribution received by a registered non-profit organisation from any person.

Internal party discipline concerning a clash between an elected representative and party workers is being addressed through an inquiry report, prior suspension of two workers, and efforts to secure an amicable resolution. Consideration of a corruption case arising from an Enforcement Directorate request for registration of an FIR is subject to legal advice and a decision on lawful governmental action. The request concerns alleged evidence gathered through investigation and searches under the Prevention of Money Laundering Act.

Place of supply for a composite cross-border supply of software development or integrated-circuit design remains the recipient's location where testing on customer-provided prototype hardware or test kits is ancillary to the principal design or development service. Such validation testing is not separately subject to the performance-based rule for services involving goods physically made available by the recipient. The contracted nature of the supply must be examined on the facts, without artificial splitting of the composite supply.

Personal hearing is required before an adverse GST determination is made. Where the Revenue cannot establish that the assessee received an opportunity to be heard, the resulting order breaches the principles of natural justice and is unsustainable. The assessee must receive a fresh determination after being afforded a personal hearing.

Personal hearing before an adverse GST order is required to satisfy principles of natural justice. Where the State cannot establish that an opportunity of hearing was granted, a challenge based on procedural unfairness is sustainable. An adverse GST order issued without such hearing is liable to be quashed, while the Department may pass a fresh order only after providing a proper opportunity of hearing.

Interest expenditure on borrowings used for business purposes is deductible where industrial land serves as a storage yard for trading inventory. Transport records established business use of the land for storing bulky iron and steel goods, for which open storage was commercially necessary. Capital and interest-free loans exceeding the land investment supported the presumption that the acquisition was funded from interest-free sources. In the absence of defects in the supporting records or adverse verification, disallowance of interest expenditure was unsustainable and was deleted.

FMEs may extend a valid placement memorandum for six-month periods when the required minimum corpus is not achieved, subject to prescribed extension fees. Open-ended schemes may invest in unlisted securities only after attaining a minimum corpus of USD 3 million. Winding-up grounds include failure to achieve minimum corpus after raising investor funds without obtaining a valid extension, and voluntary closure where no investors or funds have been onboarded. A transitional period permits appointment of an independent regulated custodian in India or a foreign jurisdiction.

Third-party fund management services permit a Registered FME to launch and manage Restricted Schemes for an eligible third-party fund manager after obtaining authorisation. The FME must maintain additional net worth, appoint a dedicated Principal Officer for each scheme, strengthen compliance, and remain liable despite any contractual or indemnity arrangement. It must conduct third-party due diligence and monitoring, ensure investor disclosures and conflict-management measures, segregate funds and operations, extend complaint mechanisms, conduct periodic audits, and retain termination rights in investors' interests or on direction. Schemes managed under the arrangement remain schemes of the FME.

Job work under heading 9988 covers treatment or processing of goods belonging to another registered person and falls within item (id). Manufacturing services on physical inputs owned by others under item (iv) exclude such job work and apply where the inputs belong to persons other than registered persons under the DGST Act. The entries operate in distinct fields.

Money-laundering investigation under the Prevention of Money Laundering Act concerns alleged diversion of bank-loan funds through fake or forged project-completion reports. The allegations include sale of five mortgaged properties at grossly undervalued consideration, with some buyers suspected to be benamis or proxies. These sales were allegedly intended to alienate assets and prevent their attachment under anti-money-laundering law.