Day: November 20, 2017

Destruction of Pan Masala stock on court’s order due to impermissible limits disallowed u/s 37(1) being prohibited by law – ITAT

Destruction of Pan Masala stock on court’s order due to impermissible limits of magnesium carbonate disallowed u/s 37(1) being prohibited by law and not incurred for the purpose of business – ITAT   ABCAUS Case Law Citation: ABCAUS 2124 (2017) (11) ITAT The Challenge/Grievance: The instant appeal was …

Milling of paddy into rice not eligible for exemption – CBEC Circular

Milling of paddy into rice not eligible for GST exemption under Notification 12/2017-Central Tax (Rate) Clarification Circular No. 19/19/2017-GST F. No. 354/263/2017-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit **** North Block, New Delhi 20th November 2017 To, The Principal Chief Commissioners/Chief Commissioners/ …