#megha engineering infrastructure ltd hyderabad

[rightnewshindi]

यह है सबसे ज्यादा चंदा देने वाली टॉप 32 कंपनियां, फ्यूचर गेमिंग और मेघा इंजीनियरिंग ने खरीदे सबसे ज्यादा चुनावी बॉन्ड

यह है सबसे ज्यादा चंदा देने वाली टॉप 32 कंपनियां, फ्यूचर गेमिंग और मेघा इंजीनियरिंग ने खरीदे सबसे ज्यादा चुनावी बॉन्ड

New Delhi: लोकसभा इलेक्शन से ठीक पहले आज चुनाव आयोग ने इलेक्टोरल बॉन्ड का डेटा अपनी वेबसाइट पर अपलोड कर दिया है। आयोग ने स्टेट बैंक ऑफ इंडिया से बॉन्ड खरीदने वाले और खरीदे गए इन बॉन्ड को कैश कराने वाली राजनीतिक और अन्य तमाम लोगों के नाम अपनी वेबसाइट पर अपलोड कर दिए हैं। चुनावी चंदे का डेटा ऑनलाइन होते ही हर किसी के मन एक सवाल उठ रहा है कि सबसे ज्यादा चुनावी चंदा देने वाला शख्स कौन है? देखिए…

[gulenguji]

India rejects BYD's $1 billion factory proposal -Economic Times

NEW DELHI : India has rejected Chinese automaker BYD Co’s proposal to set up a $1 billion factory in India in partnership with Hyderabad-based Megha Engineering and Infrastructure Ltd, the Economic Times reported on Saturday. Reuters reported this month that BYD had submitted a $1 billion investment proposal to build electric cars and batteries in India in partnership with a local company.…

[znewstech]

Megha Group's ICOMM, UAE's CARACAL ink pact to make small arms for Indian armed forces, exports | India News - Times of India

Megha Group’s ICOMM, UAE’s CARACAL ink pact to make small arms for Indian armed forces, exports | India News – Times of India

HYDERABAD: ICOMM Tele Ltd, which is a part of Megha Engineering & Infrastructures Ltd (MEIL), has inked a partnership agreement with UAE-based small arms manufacturer CARACAL to develop a portfolio of locally manufactured advanced small arms for Indian defence forces as well as the exports market. As per the terms of the ICOMM-CARACAL cooperation, the complete line of small arms will be produced…

[questlation]

ICOMM Signs 'Make in India' Partnership with CARACAL at DEFEXPO 2022

ICOMM Signs 'Make in India' Partnership with CARACAL at DEFEXPO 2022

ICOMM will partner with CARACAL to deliver a full range of products approved by the Indian Army HYDERABAD, India, Oct. 20, 2022 /PRNewswire/ — ICOMM, a group company of Megha Engineering & Infrastructures Ltd (MEIL) and a market leader in developing and manufacturing Missile and Sub-systems, Communications and EW systems, Electro-optics, Shelters, Composites, as well as other systems technology…

[dharmraj2022]

Key Project Details

Walchandnagar Industries Ltd, Walchandnagar

Site Work-Installation-Commissioning of 3x-150MT Cap LPG Storage Bullets for LPG Bottling Plant at IOCL Manmad.

Design – Fabrication – Supply of 10nos. CS Heat Exchangers for MRL Chennai.  

2. Larsen and Toubro Limited, Hazira and Vizag

Fabrication & testing of Critical Pressure Vessel for one of the Prestigious Defence project

3. Al Zamil Heavy Industries, Jeddah / KSA: Design – Fabrication – Supply of

06x NGL Storage Bullets for Khursaniyah Gas Processing Complex for Saudi Aramco

Critical Pressure Vessels to one of the Saudi Aramco Project thru Saipem

Critical Pressure Vessels to Foster Wheeler for their SABIC project

4. Praj Industries Limited, Pune: Design – Fabrication – Supply of

Nickel Vessels, Heat Exchangers and Photochlorination Reactors for C-PVC project of DCW, Tuticorin / TN.

Scrubbers and Separators (MOC-SS 904L)for ThyssenKrupp’s Petro-Vietnam project

Critical High-Pressure Vessels (MOC-CS) for NOCIL, Mumbai

Volume Bottles (MOC-CS) for GE Oil & Gas, End user: Dangote Refinery, Nigeria

Lethal Service equipment – Pressure Vessel, Columns, Heat Exchangers for Bayer Material Science – Germany and USA

Pressure Vessels, Columns and Heat Exchangers for L&T Hydrocarbon Engineering (End user: GSFC Baroda for their Melamine project)

Pressure Vessels, Columns and Heat Exchangers for L&T Hydrocarbon Engineering for their client – Farabi Petrochemicals, KSA.

Critical Pressure Vessels for Linde Engineering for their Client – SABIC, KSA.

5. Doha Petroleum Construction Company, Doha / Qatar: EPC Oil & Gas Projects

LPG Bottling plant for Qatar Petroleum at New Industrial Area – Doha

Crude Oil Import / Export Facilities upgrade and Beach Landing Valves at Halul Island

Shut-down: Replacement of three 1st stages NGL-3 Booster Compressor Knock- out (K.O.) drums at Al-Mesaieed for Qatar Petroleum as Shut-down project

Fabrication and Supply of RO Skids for Qatar Shell GTL project, Ras Laffan

6. Megha Engineering and Infrastructures Limited, Hyderabad: EPC Oil & Gas Project

ONGC’s Assam Renewal project (ARP)

7. Sanghvi Movers Limited, Pune: Crane Rental & Erection Services

On time Deployment of Heavy-duty Crawler Cranes and Mobile cranes for key clients from Cement Plants, Oil & Gas Refineries, Steel Plants, Fertiliser Plants and Renewable Wind Energy sector.

[vjmglobal]

Failure to File GST Return in Time Can Mean Interest On Entire Gross Tax Liability

Interest u/s 50(1) – The liability to pay interest under Section 50 (1) is self-imposed and also automatic, without any determination by any one

Interest u/s 50(3) –  Whenever an undue or excess claim of ITC is made or whenever an undue or excess reduction in out-put tax liability is made, a liability to pay interest arises under Sub-section (3).

Availability of ITC only after valid return filling: Entry in Input tax credit ledger is made and available to taxpayer only after filling of valid return and till such time such Input tax credit is only in air which can not be used for settlement of output tax liability.

This judgment will impact most taxpayers of India who are registered under GST. The judgment was passed in the TELANGANA AND ANDHRA PRADESH HIGH COURT in the case M/S. MEGHA ENGINEERING AND INFRASTRUCTURES LTD. VERSUS THE COMMISSIONER OF CENTRAL TAX, HYDERABAD, THE ASSISTANT COMMISSIONER OF CENTRAL TAX, KUKATPALLY, AND THE SUPERINTENDENT, O/O THE SUPERINTENDENT OF CENTRAL TAX, HYDERABAD; wherein HC dismissed the Writ petition filed by the petitioner on April 18th, 2019.

1. Background of the Case

The petitioner here is the M/S. Megha Engineering and Infrastructures Ltd, the company that makes MS Pipes and executes various infrastructure projects. The company claimed to file their GST returns properly but had delayed in filing the returns in Form GSTR – 3B for the period between October 2017 to May 2018.

They had paid the tax liability along with interest calculated on net tax liability while filing their returns. The petitioner also claimed that the delay in filing returns was not huge. The delay for the months October 2017, November 2017, February 2018 and May 2018 was just by one day.

The revenue had issued a claim letter that the interest is calculated on total tax liability or the gross tax liability. In response to this demand, M/S. Megha Engineering and Infrastructures Ltd. filed a Writ petition in the Telangana High court.

After considering all the various provisions under the GST law, the court dismissed the writ petition and ruled that the company has to pay interest on the gross tax liability.

2. The Legalities Behind The Case

According to section 39 of the CGST Act, 2017, every person registered with the GST law has to file their taxes on or before the 20th of every month. If there are any discrepancies or incorrect particulars, then the registered person needs to rectify it before the returns are furnished.

During the proceedings, the petitioner, M/S. Megha Engineering and Infrastructures Ltd stated that the GST portal is designed in such a way that unless the assessee charges the entire tax liability, the system does not accept the return under GSTR – 3B Form. So even if there is a very small amount is left to be paid, the return could not be filed.

Section 41 of CGST Act 2017 says that every person registered with GST is eligible to take the credit of self-assessed input tax. The amount claimed by the person is credited on his electronic ledger on a provisional basis. But it can be utilised only after the self-assessed output tax is paid.

In layman terms, it means that while paying the tax on output as a manufacturer, agent, supplier, etc., the person can reduce the tax amount by what he has already paid on inputs.

As per section 16, before the person can claim the credit on his input tax paid him during his purchases, he needs to fulfil the below given four conditions:

He should have the tax invoice or the debit note issued by the registered dealer. When goods are received in parts or instalments, the debit note is issued with the delivery of the last lot.

The person should have received the goods or services.

The input tax charged should have been paid for by the supplier.

The supplier should have filed the GST returns under section 39.

Thus, the broad scheme of Section 39 which deals with the filing of returns, Section 41 which deals with the claim of ITC and its provisional acceptance, Section 16 which deals with the conditions and eligibility for taking ITC and Section 49 which deals with payment of tax, make it clear that the moment all the four conditions stipulated in Sub-section (2) of Section 16 are complied with, a person becomes entitle to take credit of ITC. Once a person takes credit of ITC, the amount gets credited on a provisional basis to his electronic credit ledger under Section 41 (1).

Hence when the person does the tax payment as a self-assessed return, it is credited in his electronic ledger which is used while doing the payment of output tax under the Act. But this amount becomes available in his credit ledger only after the return is filed on the self-assessment basis.

Until that is not done, no amount is available in the electronic credit ledger. Once the self-assessed return is filed, the amount in the credit ledger becomes available for payment under output tax.

3. Next is Interest on Delayed Payments

Special emphasis on the Section 50 of the Act deals with specific interest which is levied on the delay in payment of tax. With the failure to pay the tax within the prescribed period, the liability to pay the interest on the same also increases. Interest is levied if tax is not filed by an entity by the 20th of each month and interest starts accruing from the 21st of the month. The interest rate varies overall and is communicated beforehand by the government.

4. Reference to Current Case

Here is this case of M/S. Megha Engineering and Infrastructures Ltd. Versus The Commissioner of Central Tax, Hyderabad, The Assistant Commissioner of Central Tax, Kukatpally and The Superintendent, O/O The Superintendent of Central Tax, Hyderabad; the petitioner did file the return but belatedly. So the payment for the tax liability was made after the prescribed period. As a result, the liability to pay interest arose automatically. Thus, the petitioner cannot escape from this liability. Even though a couple of times, it was just by a day, the interest needs to be paid.

5. Interest on Gross tax liability -The Final Showdown

An amendment to the Act was proposed by the GST council via press release which was mentioned in the HC. The press release reads as follows:

“The GST Council in its 31st meeting held today at New Delhi gave in principle approval to the following amendments in the GST Acts:

Amendment of section 50 of the CGST Act to provide that interest should be charged only on the net tax liability of the taxpayer, after taking into account the admissible input tax credit, i.e., interest would be leviable only on the amount payable through the electronic cash ledger.

The above recommendations of the Council will be made effective only after the necessary amendments in the GST Acts are carried out.”

Unfortunately, these amendments are still on paper only. These cannot be interpreted for the case mentioned above.

Other two decisions of the Gujarat High Court such as the State of Gujarat v. Dashmesh Hydraulic Machinery, dated 19.01.2015, and another in State of Gujarat v. Nishi Communication, dated 29.01.2015 was also referred to. But both these decisions were made based on the Gujarat Value Added Tax Act. VAT and GST are different from each other, and therefore these rulings did not serve its purpose for the petitioner.

Click on this link to continue: click here

[siya123sharma]

Failure to File GST Return in Time Can Mean Interest On Entire Gross Tax Liability

Recently a major judgment was passed in the High Court regarding the payment of interest under section 50 of CGST Act, 2017. The highlights of the judgement were:

Interest on Gross liability in case of late return filling: In case of late GST returns filling, liability to pay interest accrues on Gross tax liability

Interest u/s 50(1) – The liability to pay interest under Section 50 (1) is self-imposed and also automatic, without any determination by any one

Interest u/s 50(3) –  Whenever an undue or excess claim of ITC is made or whenever an undue or excess reduction in out-put tax liability is made, a liability to pay interest arises under Sub-section (3).

Availability of ITC only after valid return filling: Entry in Input tax credit ledger is made and available to taxpayer only after filling of valid return and till such time such Input tax credit is only in air which can not be used for settlement of output tax liability.

This judgment will impact most taxpayers of India who are registered under GST. The judgment was passed in the TELANGANA AND ANDHRA PRADESH HIGH COURT in the case M/S. MEGHA ENGINEERING AND INFRASTRUCTURES LTD. VERSUS THE COMMISSIONER OF CENTRAL TAX, HYDERABAD, THE ASSISTANT COMMISSIONER OF CENTRAL TAX, KUKATPALLY, AND THE SUPERINTENDENT, O/O THE SUPERINTENDENT OF CENTRAL TAX, HYDERABAD; wherein HC dismissed the Writ petition filed by the petitioner on April 18th, 2019.

1. Background of the Case

The petitioner here is the M/S. Megha Engineering and Infrastructures Ltd, the company that makes MS Pipes and executes various infrastructure projects. The company claimed to file their GST returns properly but had delayed in filing the returns in Form GSTR – 3B for the period between October 2017 to May 2018.

They had paid the tax liability along with interest calculated on net tax liability while filing their returns. The petitioner also claimed that the delay in filing returns was not huge. The delay for the months October 2017, November 2017, February 2018 and May 2018 was just by one day.

The revenue had issued a claim letter that the interest is calculated on total tax liability or the gross tax liability. In response to this demand, M/S. Megha Engineering and Infrastructures Ltd. filed a Writ petition in the Telangana High court.

After considering all the various provisions under the GST law, the court dismissed the writ petition and ruled that the company has to pay interest on the gross tax liability.

2. The Legalities Behind The Case

According to section 39 of the CGST Act, 2017, every person registered with the GST law has to file their taxes on or before the 20th of every month. If there are any discrepancies or incorrect particulars, then the registered person needs to rectify it before the returns are furnished.

During the proceedings, the petitioner, M/S. Megha Engineering and Infrastructures Ltd stated that the GST portal is designed in such a way that unless the assessee charges the entire tax liability, the system does not accept the return under GSTR – 3B Form. So even if there is a very small amount is left to be paid, the return could not be filed.

Section 41 of CGST Act 2017 says that every person registered with GST is eligible to take the credit of self-assessed input tax. The amount claimed by the person is credited on his electronic ledger on a provisional basis. But it can be utilised only after the self-assessed output tax is paid.

In layman terms, it means that while paying the tax on output as a manufacturer, agent, supplier, etc., the person can reduce the tax amount by what he has already paid on inputs.

As per section 16, before the person can claim the credit on his input tax paid him during his purchases, he needs to fulfil the below given four conditions:

He should have the tax invoice or the debit note issued by the registered dealer. When goods are received in parts or instalments, the debit note is issued with the delivery of the last lot.

The person should have received the goods or services.

The input tax charged should have been paid for by the supplier.

The supplier should have filed the GST returns under section 39.

Thus, the broad scheme of Section 39 which deals with the filing of returns, Section 41 which deals with the claim of ITC and its provisional acceptance, Section 16 which deals with the conditions and eligibility for taking ITC and Section 49 which deals with payment of tax, make it clear that the moment all the four conditions stipulated in Sub-section (2) of Section 16 are complied with, a person becomes entitle to take credit of ITC. Once a person takes credit of ITC, the amount gets credited on a provisional basis to his electronic credit ledger under Section 41 (1).

Hence when the person does the tax payment as a self-assessed return, it is credited in his electronic ledger which is used while doing the payment of output tax under the Act. But this amount becomes available in his credit ledger only after the return is filed on the self-assessment basis.

Until that is not done, no amount is available in the electronic credit ledger. Once the self-assessed return is filed, the amount in the credit ledger becomes available for payment under output tax.

3. Next is Interest on Delayed Payments

Special emphasis on the Section 50 of the Act deals with specific interest which is levied on the delay in payment of tax. With the failure to pay the tax within the prescribed period, the liability to pay the interest on the same also increases. Interest is levied if tax is not filed by an entity by the 20th of each month and interest starts accruing from the 21st of the month. The interest rate varies overall and is communicated beforehand by the government.

4. Reference to Current Case

Here is this case of M/S. Megha Engineering and Infrastructures Ltd. Versus The Commissioner of Central Tax, Hyderabad, The Assistant Commissioner of Central Tax, Kukatpally and The Superintendent, O/O The Superintendent of Central Tax, Hyderabad; the petitioner did file the return but belatedly. So the payment for the tax liability was made after the prescribed period. As a result, the liability to pay interest arose automatically. Thus, the petitioner cannot escape from this liability. Even though a couple of times, it was just by a day, the interest needs to be paid.

5. Interest on Gross tax liability -The Final Showdown

An amendment to the Act was proposed by the GST council via press release which was mentioned in the HC. The press release reads as follows:

“The GST Council in its 31st meeting held today at New Delhi gave in principle approval to the following amendments in the GST Acts:

Amendment of section 50 of the CGST Act to provide that interest should be charged only on the net tax liability of the taxpayer, after taking into account the admissible input tax credit, i.e., interest would be leviable only on the amount payable through the electronic cash ledger.

The above recommendations of the Council will be made effective only after the necessary amendments in the GST Acts are carried out.”

Unfortunately, these amendments are still on paper only. These cannot be interpreted for the case mentioned above.

Other two decisions of the Gujarat High Court such as the State of Gujarat v. Dashmesh Hydraulic Machinery, dated 19.01.2015, and another in State of Gujarat v. Nishi Communication, dated 29.01.2015 was also referred to. But both these decisions were made based on the Gujarat Value Added Tax Act. VAT and GST are different from each other, and therefore these rulings did not serve its purpose for the petitioner.

The company, M/S. Megha Engineering and Infrastructures Ltd file a writ petition for the interest amount levied on the company. But the above-explained sections and sub-sections of the GST Act prove that the interest generated needs to be paid. No fault could be found with the tax portion, and so the High Court dismissed the writ petition.

6. The Aftermath          

Our understanding of the ruling is that it goes against the intent of the government. Their ruling is contrary to their intention and the erstwhile practice that they were following. The government should strongly consider issuing clarifications and instructions to provide for the fact that no recovery proceedings should be initiated by a State Government, where taxpayer has sufficient credit balance to discharge output GST.

Availability of ITC based on reconciliation GSTR 2A and GSTR 3B is unfounded

Read for more - https://vjmglobal.com/gst/gst-liabilities/

[newsmatters]

Hyderabad-based firm setting up more than 3,000 oxygen beds across Tamil Nadu

Hyderabad-based firm setting up more than 3,000 oxygen beds across Tamil Nadu

As a part of its nationwide initiative to help the state governments fight against the Covid-19 pandemic by supplying beds and vital medical equipment, Hyderabad-based Megha Engineering and Infrastructures Ltd (MEIL) is establishing more than 3000 beds in Tamil Nadu. These beds are established in hospitals that have oxygen facilities and will be served by the medical staff of the state…

[sidnazpro2020]

Three cryogenic oxygen tankers arrive in Hyderabad from | Live Newspaper Hyderabad

Three cryogenic oxygen tankers arrive in Hyderabad from | Live Newspaper Hyderabad

HYDERABAD: To meet the medical liquid oxygen demand in Telangana, three cryogenic tanks from Thailand’s Bangkok were imported on Saturday. As part of the corporate social responsibility, Megha Engineering Infrastructure Company Ltd (MEIL) has assured the Telangana government to donate (11) cryogenic tankers to the state. Of them, three cryogenic tankers arrived at Begumpet Air force station on…

[bbcbreakingnews]

Months after starting construction, contractor for Zojila in Jammu and Kashmir seeks alternate alignment for tunnel

NEW DELHI: Barely months after starting the construction of Zojila tunnel in Jammu and Kashmir, the contractor has sought alternate alignment for the tunnel. It has cited difficulties in the construction on the approved alignment of the tunnel and that the new alignment will reduce the tunnel length by 1.2 km. Sources said three months back, Megha Engineering and Infrastructure Ltd had sent a letter to the project manager of National Highway and Infrastructure Development Corporation Ltd (NHIDCL) seeking the change in alignment. It said the location of the west portal (mouth of the tunnel) near Baltal area lies in avalanche zone and debris flow. TOI has learnt that the construction major has mentioned that the burden in the initial length of the tunnel comprises boulders, cobbles, pebbles of different rock types like quartzite, limestone with clay and slip up to a depth of 100 metres. “This will make the tunnelling very difficult and time consuming. The portal layout also criss-crosses the river many times and is aligned under the river for long lengths which is likely to encounter severe problems of heavy seepages in the tunnel,” the letter said. The company has claimed the change in alignment will reduce the tunnel length by 1.2 km and will help avoid criss-crossing of the river and also reduce the length of approach road by nearly 800 metres. Sources in the NHIDCL said giving in-principle approval for new alignment is not an issue, if it doesn’t increase the cost of the project. “Since the contractor has claimed that the tunnel will be shorter, ideally we should spend less,” said an official. The Hyderabad-based construction company had bagged the project quoting a price of Rs 4,509 crore in August last year. The 14.2 km-long tunnel which will ensure all year connectivity between Jammu and Kashmir and Ladakh, had been stalled for almost six years due to several reasons.

source https://bbcbreakingnews.com/2021/02/28/months-after-starting-construction-contractor-for-zojila-in-jammu-and-kashmir-seeks-alternate-alignment-for-tunnel-2/

[deltaponline]

Water, water, everywhere: Andritz pumps solving irrigation problem in India

  In India two thirds of the agricultural land depend on the monsoon or regular rainfall. Irrigation has a long tradition in Indian agriculture – it was first mentioned in an Indian song in the year 2000 b.c., however the World Bank confirmed in 2010 that only 35 percent of the total agricultural land in India has reliable irrigation. This problem is intensifying more and more as a result of the periods of extremely high temperatures now recurring annually. Worst hit are the states of Andhra Pradesh and Telangana in the southern part of the Indian subcontinent. The economy in Andhra Pradesh and in the state of Telangana, newly formed in the northwestern part of Andhra Pradesh in 2014, is largely dependent on agriculture. Sixty percent of the population in Andhra Pradesh alone, the “Rice Bowl of India”, live off the land. Annual record-breaking heat waves In the summer of 2017, temperatures in Hyderabad, the capital of Telangana, rose to a new ten-year record level of 43 degrees in the shade. This was the third heat wave in succession in the past three years. As reported in the Indian media, various studies have shown that periods with such extremely high temperatures are no longer occurring only once in a hundred years, but can now be expected once every ten years. This creates problems – not just in irrigating agricultural land. The related crop losses also result in negative economic developments and human tragedy. During the second heat wave in 2016 alone, just under 1.4 million farmers left this region. And at least 176 people lost their lives. The sacred water

Fig. 1: A special feature of these pumps is that they are similar to turbines due to their impressive size, with a Francis impeller of 3.5 m, a total weight of 130 t up to 200 t per pump, and an spiral outlet diameter of 5.5 m, large enough to park a truck comfortably. With the Jala Yagnam project, the local government already took measures some years ago to solve the irrigation problem. The Jala Yagnam project, which translates as “worship of water” or “sacred water”, comprises a series of irrigation projects of different magnitudes. Around 3.3 million hectares (8.2 million acres) of agricultural land are to be irrigated with the aid of this project. The Kaleshwaram project is one of the largest sub-projects. It is designed to store approximately 4,7 trillion liters of water (169 TMC (one thousand million cubic feet)) in order to irrigate 736,345 hectares of agricultural land in Telangana. For this project, a dam is to be built near the village of Kaleshwaram downstream of the point where the Pranahita flows into the Godavari River. The districts of Karimnagar, Medak, Nizamabad, Nalgonda, and Ranga Reddy are to be irrigated from there. The project comprises several pumping stations with reservoirs. All in all, the water is transported over a height of 500 meters and a distance of 200 kilometers. This is the first multi-stage lift irrigation project of this magnitude and complexity in India. It also contains the longest water transport tunnel in Asia, extending over a distance of 81 kilometers and connecting the dam to a reservoir. An irrigation project of this kind is unique, not just in India, but worldwide. Such infrastructure developments are awarded turnkey as so-called EPC (Engineering, Procurement, Construction) projects in India. The EPC contract partners are usually large Indian infrastructure companies. In this type of contract, the basic requirement is that key components – in irrigation projects these are the pumps and motors – are only supplied by qualified companies with a healthy balance sheet and good financial standing. In the Kaleshwaram project, the Indian infrastructure company Megha Engineering & Infrastructures Ltd. (MEIL) is acting as EPC contract partner. Based on a joint overall solution for turnkey delivery of the key components – pumps and motors – Andritz and its long-standing partner ABB were awarded the contract. While ABB Finland is supplying the motors, Andritz will manufacture 27 vertical volute pumps for three pumping stations. The returning pump supplier

Fig. 2: Andritz will manufacture 27 vertical volute pumps for three pumping stations, each with an efficiency of up to 90 %. International technology group Andritz is a world market leader for the supply of plants, equipment, and services for hydropower stations. This portfolio also includes high-quality large and standard pumps used in infrastructure projects for irrigation, desalination, and drinking water supplies, for example. The Andritz Group’s Pumps division is supporting the Jala Yagnam infrastructure project in a total of eleven sub-projects. These include delivery of three vertical volute pumps for the Bheema project to irrigate 820 km² (203,000 acres) of land and five volute pumps for the Kalwakurthy pumping station with a total flow rate of 115 cubic meters per second. The pumps for the Kaleshwaram project are customized vertical volute pumps, each with an efficiency of up to 90 percent. The special feature of these pumps is that they are similar to turbines because of their size and integrated guide vane mechanism. The guide vane mechanism is adjusted by means of a hydraulic servomotor to suit the changing water level. This can achieve a large increase in efficiency compared to normal pumps and lower energy consumption when the pumps are started up if the guide vane mechanism is closed. In addition, a new hydraulic system with a particularly high specific speed of 400 NSQ and 600 NSQ (a measurement describing the ratio between flow rate, speed, and delivery head) was developed for the pumps in the first and second stations, taking account of the circumstances there. In addition, the weight of the impeller was optimized and the draft tube was downsized. Depending on the plant concerned, a single pump achieves heads between 25 and 107 meters and handles a flow rate of 31.1 to 83 cubic meters per second. The largest head achieved is 107 meters, which is approximately the height of the Cathedral Church of Milan, while the pumps with the highest flow rate of 83 cubic meters per second could completely fill the Cheops Pyramid in Cairo, Egypt, within eight hours.

Fig. 3: The Kaleshwaram project is one of the largest sub-projects, designed to store about 4.7 trillion liters of water in order to irrigate 740,000 ha. Besides design and delivery of the pumps and spare parts for them, installation and commissioning work on site will also be supervised by Andritz personnel. Completion of the entire project is scheduled for 2020. Great hopes are being pinned on the success of this infrastructure project. Harnessing sufficient water reserves for reliable irrigation of agricultural land will also bring about a long-term change for the better in the lives of farmers and everyone else in India’s most populous state of Telangana. Technical Data Pump station #1 11 vertical volute pumps Head: 40 m Flow rate: 60 m²/s Efficiency: up to 90% Technical Data Pump station #2 8 vertical volute pumps Head: 25.9 m Flow rate: 83 m²/s Efficiency: up to 90% Technical Data Pump station #12 8 vertical volute pumps Head: 107 m Flow rate: 31.1 m²/s Efficiency: up to 90% www.andritz.com     Read the full article

[consumerinfoline]

MEIL's Innovation in Irrigation

MEIL’s Innovation in Irrigation

HYDERABAD, India, February 14, 2019/PRNewswire/ —

The Engineering major Megha Engineering and Infrastructure Ltd. (MEIL) has taken up a unique innovative irrigation system in Telangana as part of the gigantic irrigation project, Kaleshwaram Lift Irrigation Project (KLIP). Explaining about this innovative project, Mr Bonthu Srinivas Reddy said, “It involves piped water supply to the end user to…

[questlation]

MEIL's Mega engineering marvel in the Himalayas: Char Dham Railway Tunnel Project

MEIL's Mega engineering marvel in the Himalayas: Char Dham Railway Tunnel Project

Despite topographic challenges, completed 10 km tunnel works on a war-foot in package -7B The Miniratna RVNL accolades the Megha Engineering & Infrastructures Ltd. (MEIL) This Railway tunnel project facilitates the Char Dham Yatra HYDERABAD, India, Sept. 1, 2022 /PRNewswire/ — The Megha Engineering & Infrastructures Ltd. (MEIL) has completed 10 km tunnel works of the 19 km along with 19 cross…

[vjmglobal]

Failure to File GST Return in Time Can Mean Interest On Entire Gross Tax Liability

Recently a major judgment was passed in the High Court regarding the payment of interest under section 50 of CGST Act, 2017. The highlights of the judgement were:

Interest on Gross liability in case of late return filling: In case of late GST returns filling, liability to pay interest accrues on Gross tax liability

Interest u/s 50(1) – The liability to pay interest under Section 50 (1) is self-imposed and also automatic, without any determination by any one

Interest u/s 50(3) –  Whenever an undue or excess claim of ITC is made or whenever an undue or excess reduction in out-put tax liability is made, a liability to pay interest arises under Sub-section (3).

Availability of ITC only after valid return filling: Entry in Input tax credit ledger is made and available to taxpayer only after filling of valid return and till such time such Input tax credit is only in air which can not be used for settlement of output tax liability.

This judgment will impact most taxpayers of India who are registered under GST. The judgment was passed in the TELANGANA AND ANDHRA PRADESH HIGH COURT in the case M/S. MEGHA ENGINEERING AND INFRASTRUCTURES LTD. VERSUS THE COMMISSIONER OF CENTRAL TAX, HYDERABAD, THE ASSISTANT COMMISSIONER OF CENTRAL TAX, KUKATPALLY, AND THE SUPERINTENDENT, O/O THE SUPERINTENDENT OF CENTRAL TAX, HYDERABAD; wherein HC dismissed the Writ petition filed by the petitioner on April 18th, 2019.

1. Background of the Case

The petitioner here is the M/S. Megha Engineering and Infrastructures Ltd, the company that makes MS Pipes and executes various infrastructure projects. The company claimed to file their GST returns properly but had delayed in filing the returns in Form GSTR – 3B for the period between October 2017 to May 2018.

They had paid the tax liability along with interest calculated on net tax liability while filing their returns. The petitioner also claimed that the delay in filing returns was not huge. The delay for the months October 2017, November 2017, February 2018 and May 2018 was just by one day.

The revenue had issued a claim letter that the interest is calculated on total tax liability or the gross tax liability. In response to this demand, M/S. Megha Engineering and Infrastructures Ltd. filed a Writ petition in the Telangana High court.

After considering all the various provisions under the GST law, the court dismissed the writ petition and ruled that the company has to pay interest on the gross tax liability.

2. The Legalities Behind The Case

According to section 39 of the CGST Act, 2017, every person registered with the GST law has to file their taxes on or before the 20th of every month. If there are any discrepancies or incorrect particulars, then the registered person needs to rectify it before the returns are furnished.

During the proceedings, the petitioner, M/S. Megha Engineering and Infrastructures Ltd stated that the GST portal is designed in such a way that unless the assessee charges the entire tax liability, the system does not accept the return under GSTR – 3B Form. So even if there is a very small amount is left to be paid, the return could not be filed.

Section 41 of CGST Act 2017 says that every person registered with GST is eligible to take the credit of self-assessed input tax. The amount claimed by the person is credited on his electronic ledger on a provisional basis. But it can be utilised only after the self-assessed output tax is paid.

In layman terms, it means that while paying the tax on output as a manufacturer, agent, supplier, etc., the person can reduce the tax amount by what he has already paid on inputs.

As per section 16, before the person can claim the credit on his input tax paid him during his purchases, he needs to fulfil the below given four conditions:

He should have the tax invoice or the debit note issued by the registered dealer. When goods are received in parts or instalments, the debit note is issued with the delivery of the last lot.

The person should have received the goods or services.

The input tax charged should have been paid for by the supplier.

The supplier should have filed the GST returns under section 39.

Thus, the broad scheme of Section 39 which deals with the filing of returns, Section 41 which deals with the claim of ITC and its provisional acceptance, Section 16 which deals with the conditions and eligibility for taking ITC and Section 49 which deals with payment of tax, make it clear that the moment all the four conditions stipulated in Sub-section (2) of Section 16 are complied with, a person becomes entitle to take credit of ITC. Once a person takes credit of ITC, the amount gets credited on a provisional basis to his electronic credit ledger under Section 41 (1).

Hence when the person does the tax payment as a self-assessed return, it is credited in his electronic ledger which is used while doing the payment of output tax under the Act. But this amount becomes available in his credit ledger only after the return is filed on the self-assessment basis.

Until that is not done, no amount is available in the electronic credit ledger. Once the self-assessed return is filed, the amount in the credit ledger becomes available for payment under output tax.

3. Next is Interest on Delayed Payments

Special emphasis on the Section 50 of the Act deals with specific interest which is levied on the delay in payment of tax. With the failure to pay the tax within the prescribed period, the liability to pay the interest on the same also increases. Interest is levied if tax is not filed by an entity by the 20th of each month and interest starts accruing from the 21st of the month. The interest rate varies overall and is communicated beforehand by the government.

4. Reference to Current Case

Here is this case of M/S. Megha Engineering and Infrastructures Ltd. Versus The Commissioner of Central Tax, Hyderabad, The Assistant Commissioner of Central Tax, Kukatpally and The Superintendent, O/O The Superintendent of Central Tax, Hyderabad; the petitioner did file the return but belatedly. So the payment for the tax liability was made after the prescribed period. As a result, the liability to pay interest arose automatically. Thus, the petitioner cannot escape from this liability. Even though a couple of times, it was just by a day, the interest needs to be paid.

5. Interest on Gross tax liability -The Final Showdown

An amendment to the Act was proposed by the GST council via press release which was mentioned in the HC. The press release reads as follows:

“The GST Council in its 31st meeting held today at New Delhi gave in principle approval to the following amendments in the GST Acts:

Amendment of section 50 of the CGST Act to provide that interest should be charged only on the net tax liability of the taxpayer, after taking into account the admissible input tax credit, i.e., interest would be leviable only on the amount payable through the electronic cash ledger.

The above recommendations of the Council will be made effective only after the necessary amendments in the GST Acts are carried out.”

Unfortunately, these amendments are still on paper only. These cannot be interpreted for the case mentioned above.

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