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Supreme Court bench led by J. Ashok Bhushan begins hearing petition seeking waiver of interest on loan moratorium provided by @RBI

J Bhushan: Our concern is when you have deferred loan for three months then how can interest of these 3 months be added to the capital?
SG Tushar Mehta: I need some time to file a reply

J MR Shah: But RBI has already filed a reply with the newspaper

SG: No, my lord.

J Kaul: RBI went beyond what was asked. We never said waive off full interest.
SG Mehta: I need to sit down with the RBI officials and have a meeting.

Senior Adv Rohatgi (appearing for SBI): We need to discuss with RBI. Please list the CREDAI (relating to NBFC) matter separately
J Bhushan: SG Mehta to convene meeting with RBI and ministry of finance officials this weekend. Let the matter be listed on June 17.
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Bar & Bench
@barandbench
Will "heat and eat" Parotas be charged 18% GST?

"Parotas" are not Rotis, Chapattis or Khakhras: Karnataka GST Authority differentiates 'ready to eat' from 'heat and eat' [Read Order] #Parotas

barandbench.com/news/litigatio…
The Karnataka Authority for Advanced Ruling (AAR) has ruled that "parotas" cannot be lumped in the same category as rotis for tax purposes or to claim the reduced 5% GST that can be availed when it comes to the sale of rotis, plain chapattis and Khakhras. @IDFreshFood
As per Entry 99A to Schedule I of GST Notifications issued in 2017, a reduced 5% GST rate can be availed, if two conditions are satisfied, i.e.

(1) be classified under the Tariff Headings of either 1905 or 2106;

(2) be either "Khakhra, plain chapatti or roti."
Read 6 tweets
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Bar & Bench
@barandbench
[LIVE THREAD]

A Supreme Court bench of Justices Ashok Bhushan, SK Kaul and MR Shah to shortly hear the suo motu case so that proper treatment is meted out to #COVID19 patients and dead bodies are given a dignified treatment.
#SupremeCourt
SG: I want to assist the court. In furtherance of the cognisance, this issue needs examination. I have a copy of the guidelines on dead body management by the Centre.
SC: We are more concerned with living than dead. Look at the condition of hospitals. Bodies are there in the wards. Mumbai is testing 16,0000 to 17,000 whereas in Delhi its falling below 7,000. Media has highlighted this issue.
Read 19 tweets
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Bar & Bench
@barandbench
Supreme Court bench of J. Ashok Bhushan hears a plea on how #COVID19 doctors and nurses needed separate accommodation near hospitals. #SupremeCourt
Senior Adv KV Vishwanathan: The affidavits by Centre filed is not satisfactory. SG needs to give suggestion to prevent exposure of frontline workers to their families.

The categories of high risk andow risk exposure doctors and nurses are not proper.
SG: We got counter yersterday. Need time to reply to this
Read 13 tweets

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