News Update

GST - Credit card holder offered loan - Service rendered by Citi Bank in extending loan is nothing but a service pertaining to the said credit card - Interest component of EMI of loan advanced by bank is not exempted: HCGST -Since the petitioner has prayed for a relief to compel the respondent bank to grant exemption, the writ petition is maintainable: HCCus - Order cancelling Special Warehouse Licence is an appealable order before the Tribunal - Respondent to work out the remedies in accordance with law: HCGST - Printing of content provided by recipient using paper & materials of applicant and supply of such printed leaflets to recipient is a composite supply - Supply of service of printing is principal supply; GST @18%: AARCX - SVLDRS, 2019 - In the SCN, it is not mentioned that the duty demand is jointly and severally payable - A co-noticee is one who is liable for the very same amount along with others: HCGST - Authority has proceeded to pass order for cancellation of registration on new material or facts which neither formed part of SCN nor the same were disclosed to writ applicant - Order set aside: HCGST - TRAN-1 - Rule 117 being directory in nature, the time limit for transitioning of credit would in no manner result in forfeiture of rights even when credit is not availed within the period prescribed: HCGST - Age is just a numberI-T - Amount received in excess of amount standing to credit of partnership firm which is paid towards notional gain on revaluation of land is liable to tax : HCGovt revises tariff value of edible oils & goldI-T - Prosecution of assessee upheld where wilful concealment of correct income by not filing ITR within time stipulated, is clearly established : HCDigital Assets transfer - CBDT notifies Form 26QF for crypto exchangeI-T - Re-assessment - Best of judgment order - Assessee not diligent in pursuing matter, failed to give adequate reply to notices; cannot later allege contravention of natural justice: HCCBDT notifies NFT resulting in transfer of ownership to be excluded for taxation purposeI-T - One opportunity can be granted to assessee as offence is compoundable: HCNiti Aayog & WFP table report on Take Home Ration schemeI-T - Case can be fixed for either limited scrutiny or complete scrutiny and in case it is for complete scrutiny, then no written approval is required by AO from PCIT: ITATConsumer Price Index for Industrial Workers for May 2022 rises by 1.02%I-T - Penalty imposed u/s 271(1)(c) sustained where assessee does not submit any evidence to show that it made voluntary disclosure during assessment proceedings, before detection of bogus loss claimed: ITAT8 Core Industries - Power, Cement, Coal & Fertilisers record high growth in May 2022I-T - Assessee did not write off provisions for doubtful debts due to fear of losing right to civil proceedings for recovery of debts; deduction allowed for provision of doubtful debts: ITATGovt releases calendar for Treasury Bills auctionI-T - Amount received in excess of amount standing to credit of partnership firm which is paid towards notional gain on revaluation of land is liable to tax : ITATGST Tribunal - Challenge is to remove microbes of bias in fleshing it out!Cus - Once in 100% EOU, raw material imported duty free is used in manufacture of final product and same is cleared on payment of duty in DTA, customs duty on raw material cannot be demanded: CESTATGST FileCX - Empty packaging material of cenvatable input is not liable for payment either as excise duty or as cenvat credit under Rule 6(3) of CCR, 2004: CESTATGovt releases Public Debt Management report for Jan-Mar 2022ST - Relevant date for computing six months periods under Notification No. 41/2007-ST to be taken the date when service tax paid and not first day of month following quarter in which export made, merely on the ground of limitation refund cannot be rejected: CESTATMigration of e-BRC Portal/Website to new IT platformST - Since the typographic error in challan number and corelation of compiled record of appellant is impressed upon by them, request of remanding the matter is hereby accepted: CESTAT
 
Beauty & Wellness Sector Skill Council trains more 1.3 lakh students

By TIOL News Service

NEW DELHI, JUNE 22, 2022: IN a bid to promote yoga for holistic well-being, the Beauty & Wellness Sector Skill Council (B&WSSC), working under the aegis of the Ministry of Skill Development and Entrepreneurship (MSDE), organized an event to celebrate the 8th International Day of Yoga. The theme of the event was 'Say Yes to Yog and No to Rog' and it was followed by a first-of-its-kind "Convocation Ceremony" for students passing out from short term training courses of B&WSSC under the Skill India Mission.

Prime Minister Narendra Modi said that yoga has emerged as one of the biggest mass movements across the globe in recent times and the peace from yoga is not merely for individuals, but for our entire society. Aligned with this vision, MSDE has been working closely with B&WSSC to build awareness regarding various career prospects in the field of yoga and encourage youth to embrace them for a promising future.

Speaking on the occasion, chief guest Rajesh Aggarwal, Secretary, MSDE said, "Yoga is India's gift to the world. With roots in our ancient Vedic traditions, yoga is a holistic way to develop your inner as well as outer beauty. It is indeed heart-warming to see this convocation ceremony and certificates bringing pride to the instructors, some of whom are aged 60+ and reaffirming the fact that there is no age for sharing knowledge. As we emerge from the detrimental impact of the COVID-19 pandemic, I foresee an urgent need for skill set enhancement of the potential workforce with a surge in demand for certified Yoga instructors and trainers. I also congratulate B&WSSC for becoming the first ever SSC in our ecosystem to hold a convocation as per directives of the Prime Minister."

B&WSSC offers three specific courses for yoga - Yoga Instructor (B&W) NSQF 4, Yoga Trainer (B&W) NSQF 5 and Senior Yoga Trainer (B&W) NSQF 6. Institutions like the Art of Living, The Yoga Institute and Patanjali have been associated with the sector skill council and have contributed to its success.

B&WSSC is one of the autonomous industry-led bodies set up by the National Skill Development Corporation (NSDC) - the nodal agency of MSDE - to focus on establishing an effective and efficient ecosystem for developing and imparting skills in the Beauty and Wellness Industry, through relevant content and curriculum, courses, information database, and delivery systems. Since its inception, the council has taken several steps toward organizing this sector by creating several job roles and enhancing the employability of the Indian workforce globally.

While addressing the event, K.K. Dwivedi, Joint Secretary, MSDE, said, "As a result of Skill India's sustained efforts to help youth leverage various employment opportunities available in the field of yoga, over 1.30 lakh students have been trained as yoga instructors and trainers across the country in the last eight years. They have been trained through different skilling initiatives, primarily Recognition of Prior Learning (RPL), Short Term Training (STT) & Special Projects by B&WSSC. Moreover, due to the efforts of the ministry, yoga has reached nooks and corners of India, benefitting people not only physically but also spiritually. Today, people across the country are learning yoga through our Skill India training centres and considering it as a career option."

According to B&WSSC, the states with the highest number of skilled yoga students are Uttar Pradesh, Maharashtra, Karnataka, Madhya Pradesh, Haryana, Odisha, Kerala, and West Bengal. The sector skill council also has vocational education courses in yoga for CBSE schools starting from classes XI & XII.

Earlier, B&WSSC also signed an MoU with Art of Living in the presence of esteemed dignitaries for skilling of Indian youth in Yoga. Dr Blossom Kochhar, Chairperson-B&WSSC congratulated all the passing out students on their achievements & wished them luck for their future.


POST YOUR COMMENTS