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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 …
GPS in new smart mobile handset compulsory from 1st January 2018 for manufacturing company to sell new smart mobile phone handset in India MINISTRY OF COMMUNICATIONS (Department of Telecommunications) NOTIFICATION New Delhi, the 23rd November, 2017 G.S.R. 1441(E).—In exercise of the powers conferred by Section 10 of the …
Revised jurisdiction for filing excise revision application form EA-8. Central Excise (Appeals) Amendment Rules 2017 MINISTRY OF FINANCE (Department of Revenue) Notification No. 27/2017-Central Excise (N.T.) New Delhi, the 23rd November, 2017 G.S.R. 1442(E).—In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 …
No Proposal Under Consideration to Withdraw Bank Cheque book Facility. Government denies report appeared in a section of the media Press Information Bureau Government of India Ministry of Finance 23-November-2017 20:20 IST No Proposal Under Consideration to Withdraw Bank Cheque book Facility In a section of the media, …
Clarification-IGST Exemption on Inter-state movement of rigs tools and spares and all goods on wheels like cranes. No IGST applicable unless movement is for further supply of the same goods Circular No. 21/21/2017-GST F. No. 354/320/2017 –TRU (Pt ) Government of India Ministry of Finance Department of Revenue …
Classification and GST rate on Terracotta idols. GST rate on Idols made of clay is nil as per S. No. 135A of notification 2/2017 Circular No. 20/20/2017-IGST F. No. 354/320/2017 –TRU (Pt) Government of India Ministry of Finance Department of Revenue Tax Research Unit North Block, New Delhi …
