Prachi Bhardwaj, Author at SCC Times

CBIC issues advisory regarding generation of E- way Bill where the principal supply is Supply of services

The Central Board of Indirect Taxes and Customs has issued an advisory dated September 16, 2021 regarding generation of E-way bill where

Hot Off The Press News

Key Recommendations of 45th GST Council meeting

The 45th GST Council Meeting was held on September 17, 2021 in Lucknow. The meeting was presided by Union Finance and Corporate

Case Briefs Supreme Court

Daughter gets divorced right after parent’s death. Can she claim compassionate appointment? SC explains

Supreme Court: In a case where a woman had sought compassionate appointment after her mother’s death in the year 2012, the bench

Legislation Updates Rules & Regulations

Petroleum and Natural Gas Regulatory Board (Integrity Management System for Petroleum and Petroleum Products Pipelines) Regulations, 2021

The Petroleum and Natural Gas Regulatory Board has published the Petroleum and Natural Gas Regulatory Board (Integrity Management System for Petroleum and

Legislation Updates Rules & Regulations

Food Safety and Standards (Labelling and Display) First Amendment Regulations, 2021

On September 10, 2021, the Food Safety and Standards Authority of India has notified the Food Safety and Standards (Labelling and Display)

Foreign Legislation Legislation Updates

UK Government launches consultation on proposed changes to the data landscape

UK Government has released various reforms in the data sector of United Kingdom. The key objectives of the reforms are: The guidance

Case Briefs Supreme Court

‘Parliament entitled to make policy choices on fiscal issues’;Here’s why Supreme Court upheld constitutionality of Section 54(3) of CGST Act

“A claim to refund is governed by statute. There is no constitutional entitlement to seek a refund.”

Legislation Updates Notifications

IRDAI releases product structure for cyber insurance

The Insurance Regulatory and Development Authority of India has released product structure for cyber insurance vide circular dated September 8, 2021. The

Legislation Updates Notifications

Ministry of Finance rescinds customs tariff duty relaxation for oil products

The Ministry of Finance has issued a notification dated September 10, 2021 which rescinds the previous notification dated June 29, 2021, which

Case Briefs Supreme Court

Explained| Is a suit for injunction maintainable where the plaintiff’s title is in dispute?

Supreme Court: The bench of L. Nageswara Rao and BR Gavai, JJ has, in two judgments, has held that where the plaintiff’s

Legislation Updates Rules & Regulations

CBDT amends Income tax Rules, 1962 easing the authentication of e-records submitted in faceless assessment proceedings

The Central Board of Direct Taxes has issued a press release dated September 7,2021 amending Income tax Rules, 1962, which prescribe those

Legislation Updates Rules & Regulations

Interest on advance payment must not exceed 100 basis point above LIBOR rate

On September 08, 2021, the Reserve Bank of India has notified the Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations,

Legislation Updates Rules & Regulations

Income tax (28th Amendment) Rules, 2021

The Ministry of Finance has issued the Income tax (28th Amendment) Rules, 2021 on September 10, 2021, to further amend the Income-tax

Legislation Updates Notifications

IRDAI issues IRDAI (Trade Credit Insurance) Guidelines, 2021

The Insurance Regulatory and Development Authority of India has published revised guidelines on Trade Credit insurance on 8th September 2021. The guidelines shall

Case Briefs

Explained| Income Tax: Are you obliged to maintain separate accounts for different types of funds held by you?

Supreme Court: In a case where the assessee had not kept their interest free funds in separate account and as such had

Case Briefs Supreme Court

Interest free funds not kept in separate account. Can proportionate disallowance on interest under Section 14A of IT Act be allowed? SC explains

“… in taxation regime, there is no room for presumption and nothing can be taken to be implied.”

Legislation Updates Rules & Regulations

FSSAI notifies Food Safety and Standards (Vegan Foods) Regulations, 2021

The Food Safety and Standards Authority of India notified the Food Safety and Standards (Vegan Foods) Regulations, 2021 vide its notification dated

Foreign Legislation Legislation Updates

New York | New legislation signed to reduce emissions from vehicles; aims to achieve sale of zero emission vehicles by 2035

On September 8, 2021, the New York government has signed Senate Bill no. S2758 into law. The Act amends the environmental conservation

Legislation Updates Notifications

Certification requirements of associated persons functioning as Principal officer of a Portfolio Manager, notified

The Securities & Exchange Board of India (SEBI) has notified certification requirements of an associated person functioning as principal officer of a

Case Briefs Supreme Court

Nothing wrong with OBC Reservation for consecutive term for the office of Mayor; SC interprets Maharashtra Rules

Supreme Court: The bench of L. Nageswara Rao v. BR Gavai*, JJ has set aside the judgment of the Aurangabad bench of