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ROSL Schedule and rates for garments, made-up textile articles and Garments under AA-AIR combination MINISTRY OF TEXTILES Notification No.14/26/2016-IT New Delhi, the 24th November, 2017 SCHEME FOR REBATE OF STATE LEVIES (RoSL) ON EXPORT OF GARMENTS AND MADE UPS—POST GST RATES NOTIFIED In pursuance of the decision of the …
CBDT Instruction of tax effect applies to pending appeals also subject to the two caveats provided in Surya Herbal Ltd. Case – Supreme Court ABCAUS Case Law Citation:ABCAUS 2132 (2017) (11) SC In a recent judgment the Hon’ble Supreme Court had held that CBDT cannot issue circular with …
GST rates Notified to boost exports and employment generation in the labour intensive textiles and apparel sector. Press Information Bureau Government of India Ministry of Textiles 25-November-2017 16:03 IST Post-GST rates Notified to boost exports and employment generation in the labour intensive textiles and apparel sector In order …
Section 80-IC deduction unavailable on fixed deposit interest–High Court. The benefit is available only for carrying on business mentioned in sub-section (2) and profits and gains derived therefrom. ABCAUS Case Law Citation: ABCAUS 2131 (2017) (11) HC The Challenge/Grievance: The appellant assessee was aggrieved by the judgment …
Reopening for overlooking transactions with associated enterprises and not referring them to TPO for computation of at arms’ length income was not change of opinion – High Court ABCAUS Case Law Citation: ABCAUS 2130 (2017) (11) HC The petitioner company was incorporated in the United Kingdom and …
IGST-GST on Sale of goods in a Bonded Warehouse-applicability. If goods remain in warehouse, customs duty remain deferred till goods are ex-bonded Circular No. 46/2017-Customs F.No: 473/10/2017-LC Govt. of India Ministry of Finance Dept. of Revenue Central Board of Excise & Customs North Block, New Delhi Dated 24th November …
GST latest Twitter 41 FAQ on ITC Credit, PWD Nagar Nigam Contractor, Lost goods, supply to SEZ, Invoice verification, restaurants, returns, taxes etc. Question 1: Is ITC available on vehicle taken on lease for employee in a manufacturing company? Answer: No. It is not allowed as per …
High Court bans CA for one year for connivance in anti-dated stock invests issued by Bank and irregular share allotment on the complaint of SEBI ABCAUS Case Law Citation: ABCAUS 2129 (2017) (11) HC In a recent judgment, the Hon’ble high Court in a case involving allegation of …
Scrutiny of revised-belated returns post-demonetisation-important issues. CBDT list instances indicating abuse of Income Tax provisions CBDT in its latest instruction has cautioned all PCCITs and DGITs regarding revised/belated returns filed by assesses post-demonetisation and issued guidelines for important issues to be considered while framing scrutiny assessments in such …
Change in closing stock to include VAT-Excise us 145A required corresponding adjustments for opening stock, Payment of Excise and VAT out of Cash/Bank but not debited in P & L Account – ITAT ABCAUS Case Law Citation: ABCAUS 2128 (2017) (11) ITAT The Assessing Officer (AO) noted …
