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GST FAQ-Drugs and Pharmaceuticals under Sectoral Series. CBEC has issued a 17 Questions and Answers FAQ on GST provisions related to Drugs & Pharmaceuticals GST FAQ-Drugs & Pharmaceuticals under Sectoral Series Question 1: Whether formulations cleared have to be assessed to GST under transfer price mechanism or on …
Premature Closure of PPF account-clarifications. Requirement of condition of payment of a fee and reduction of one percentage point in interest rate SB Order No. 07/2017 F.No 32-01/2016-SB(Pt.) Govt. of India Ministry of Communication Department of Posts (F.S. Division) Dak Bhawan, New Delhi-110001 Dated: 24.07.2017 To, All Head …
Extension of due date of 31st July for filing ITR for AY 2017-18 to 5th August, 2017 CBDT Order u/s 119 The CBDT has extended the due date of 31st July, 2017 to 5th August, 2017 The extension was first declared through Income Tax Department Twitter handle and …
ITR-Tax Audit Due Date Extension for Last 15 Years from AY 2003-04 to AY 2020-21 Due Dates of Filing Income Tax Returns and Tax Audit Report: Under section 44AB of income tax act, the specified date for furnishing the Tax Audit report is the due date for filing …
RBI imposes monetary penalty of Rs 20 million on Union Bank of India for non-compliance with KYC norms for certain accounts related to fraud in a bank Reserve Bank of India Date : Jul 31, 2017 Reserve Bank of India imposes monetary penalty on Union Bank of India The …
Revised guidelines for stay of demand at first appeal stage. Minimum deposit amount for grant of stay increased to 20% of the disputed amount from existing 15% F. No. 404/72/93-ITCC (FTS:284146) Government of India Ministry of Finance Department of Revenue Central Board ofDirect Taxes New Delhi, 31st July, …
Filing Income tax return without linking Aadhaar to PAN allowed but linking to be done before 31st August, 2017. However, ITRs shall not be processed until linkage. Filing Income tax return without linking Aadhaar to PAN Allowed With the extension of the due date of 31st July 2017 …
If accounts are audited AO has to explain the rejection of profit with sufficient clarity. When there are audited accounts of an entity and the calculation of the GP ratios hinges upon their analysis, the AO should not lightly undertake an exercise that would amount to negating those …
Limitation period for revision Petition 264 starts with service of intimation u/s 143(1) and not from the date when assessee comes to know about the processing of the return – High Court The expression ‘the date on which he otherwise came to know of it’ as per section …
Rejection of technical bid due to curable defect of missing notary stamp on some of the tender documents held as untenable and bad in law. The Bidder acted in a capricious manner resulting in discrimination. Delhi High Court ABCAUS Case Law Citation: ABCAUS 2009 (2017) (07) HC The …