Section 48 of gvat

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August undefined, 2024

Web(3) This section shall come into force at once and the remaining provisions of this Act shall come into force on such date as the State Government may, by notification in the Official Gazette, appoint, and different dates may be appointed for different provisions. IV-Ex-1-1 1-1 Short title, extent and commencement. Web28 Mar 2024 · Having discussed the above, the Gujarat High Court, in Kalupur, noted that Section 48 of GVAT “would come into play only when the liability is finally assessed and the amount becomes due and payable”. Basis the above, it came to the conclusion that priority shall be that of the bank under Section 26-E and not of the State.

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Web25 Sep 2024 · Analyzing The Applicability Of Section 48 Of The GVAT On The Frontier Of Section 53 Of IBC, 2016. Akshara Rajratnam. 25 Sep 2024 3:30 AM GMT. Recently, in the case of State Tax Officer v. Rainbow ... Web9 Sep 2024 · Section 48 of the GVAT is a non-obstante clause and creates a statutory first charge on the property of the dealer in favour of tax authorities against any amount … meet the judges franklin county

Standing of Government Creditors Under IBC: Rainbow Papers Case

Web25 Sep 2024 · The Supreme Court further held that in view of Section 48 of the GVAT Act, the Gujarat claim falls within the definition of ‘security interest’ under Section 3(31) of the code. Thus, the State ... WebWhat is a section 48/49? If you are on remand in prison or in an Immigration Removal Centre, you can be sent to hospital for treatment under section 48. Usually the Ministry of Justice will add special restrictions to your transfer … Web12 Sep 2024 · In view of the statutory charge in terms of Section 48 of the GVAT Act, the claim of the Tax Department of the State, squarely falls within the definition of “Security … meet the jury

India: Standing Of Government Creditors Under IBC: …

Section 48 of gvat

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Web6 Sep 2024 · "Section 48 of the GVAT Act is not contrary to or inconsistent with Section 53 or any other provisions of the IBC. Under Section 53(1)(b)(ii), the debts owed to a secured creditor, which would ... Web5 Oct 2024 · The Hon'ble Supreme Court came to the conclusion that "Section 48 of GVAT is not contrary to or inconsistent with Section 53 or any other provisions of IBC". As per section 53(1)(b)(ii) of IBC, the Government's debt is to rank equally with other specified debts. The State being a secured creditor under GVAT, would fall within the ambit of a ...

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WebUnder section 48 of the Landlord and Tenant Act 1987, you are required to provide your tenant with your name and with an address (which must be in England or Wales) where they can serve any ... Web4 Oct 2024 · The statutory charge in terms of Section 48 of the GVAT Act, the claim of the Tax Department of the State, squarely falls within the definition of “Security Interest” under …

Web14 Nov 2024 · Section 48 cannot prevail over Section 53. CONTENTIONS The appellant-state contended that the Books of Accounts of the Corporate Debtor reflected the liability of the Corporate Debtor to the State in respect of its statutory dues. Web7 Apr 2024 · Whether section 48 of the GVAT Act, 2003 override section 53 of the IBC? October 18, 2024 ... claiming that Rs.47.36 crores was due and payable by the respondent to the appellant towards its dues under the GVAT Act. After admission of the CIRP and appointment of the RP, one Kushal Lim

WebIBC’s Section 53 does not over-ride Section 48 of GVAT Act; Adjudicating Authority may reject Resolution Plan if it ignores statutory dues payable to State/Legal authority: SC … WebIBC’s Section 53 does not over-ride Section 48 of GVAT Act; Adjudicating Authority may reject Resolution Plan if it ignores statutory dues payable to State/Legal authority: SC …

Web12 Sep 2024 · IBC’s Section 53 does not over-ride Section 48 of GVAT Act; Adjudicating Authority may reject Resolution Plan if it ignores statutory dues payable to State/Legal authority: SC. Supreme Court: The bench of Indira Banerjee* and AS Bopanna, JJ has reversed the NCLAT order wherein it was held that the. Published on September 12, …

WebEntry 48(i) – viz. Isabgul, Jira, Variali, Methi, Suva, Ajma, Asalia, Shalingda seeds, Khas Khas, Dhana, Dhanani Dal & Pepper. ... Section 62 of the GVAT Act, 2003 requires every dealer to maintain a true account of the value of the goods sold purchased, supplied & delivery of goods made by him. Every dealer shall ordinarily keep all his ... meet the ketchups commercialWebSection 49 VAT Act 1994 and Regulation 6 of the VAT Regulations 1995 concern registration, transfer of records and transfer of VAT registration number; meet the kessahesWeb20 Oct 2024 · Whether section 481 of the GVAT Act, 2003 override section 532 of the IBC? INTRODUCTION. Did you know that government secured debt can also be at the same … names for brown maresWeb7 Sep 2024 · Setting aside the NCLAT order, the top court said, “In our considered view, the NCLAT clearly erred in its observation that Section 53 of the IBC over-rides Section 48 of the GVAT Act".Neither ... meet the kardashians castWebIBC’s Section 53 does not over-ride Section 48 of GVAT Act; Adjudicating Authority may reject Resolution Plan if it ignores statutory dues payable to State/Legal authority: SC Reported by Prachi... meet the kettleWeb27 Sep 2024 · Section 48 of the GVAT Act is not contrary to or inconsistent with Section 53 or any other provisions of the IBC. Under Section 53(1)(b)(ii), the debts owed to a secured creditor, which would include the State under the GVAT Act, are to rank equally with other specified debts including debts on account of workman’s dues for a period of 24 ... meet the kentucky derby horsesWeb9 Jun 2024 · State is a secured creditor for tax purpose under GVAT Act; Section 53 of IBC doesn’t override Section 48 of GVAT Act : SC. IBC/EXCISE/ST/VAT : State is a secured … names for buff colored cats