WEBFIL Ltd., In re
Date: January 8, 2019
Subject Matter
A company controlled by the Central and the State Governments liable to deduct TDS under Section 51
Summary
According to the Application, WBIDC and Andrew Yule & Co and its associates are "Government Companies" and they together hold 62.29% of the subscribed and paid up share capital of the Applicant. The rest is held by the public. The Appli…
1. The Applicant, stated to be a joint venture company formed by West Bengal Industrial Development Corporation (hereinafter WBIDC) – a Govt of West Bengal undertaking, and the group of companies of Andrew Yule & Co Ltd (a Central Govt under taking), wants a ruling on applicability of Notification No. 1344 – FT dated 13/09/2018 under the WBGST Act, 2017 (50/2018 – CT dated 13…