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Abcaus

IGST refund to exporters who received capital goods under EPCG – Amendment

administrator October 10, 2018 GST
Central Goods and Services Tax (Twelfth Amendment) Rules, 2018. Amendment to rule 96(10) to allow exporters who have received capital goods under the EPCG scheme to claim refund of the IGST paid on exports and align rule 89(4B) to make it consistent with rule 96(10). Government of India Ministry of …

GST intelligence­ enforcement action power. Both Central or State officers can take action – CBIC

administrator October 9, 2018 GST
GST intelligence­ enforcement action power-Both Central or State officers can take enforcement action in respect of the entire value chain Central Board Of Excise & Customs (CBIC) has issued a clarification regarding ambiguity regarding initiation of enforcement action by the Central tax officers in case of taxpayer assigned …
Transfers postings

CBDT Transfers 69 officers in the grade of CIT with effect from 09.10.2018.

administrator October 9, 2018 Income Tax
CBDT Transfers 69 officers in the grade of Commissioners of Income Tax with effect from 09.10.2018. 
Sovereign Gold Bond Scheme

Sovereign Gold Bond Scheme 2018 -19 to be issued every month from Oct 2018 to Feb 2019 

administrator October 9, 2018 RBI
Sovereign Gold Bond Scheme 2018 -19 to be issued every month from October 2018 to February 2019  Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds-2018-19. The Sovereign Gold Bonds will be issued every month from October 2018 to February …
ICAI Code of ethics

ICAI Code of Ethics for chartered accountants applicable from 1 April 2019

administrator October 9, 2018 ICAI
ICAI Code of Ethics for chartered accountants applicable from 1 April 2019. Professional accountant required to comply with five fundamental principles This ICAI Code of Ethics is applicable from 1 April, 2019. However, Where guidance contained in this Code relates to engagements commencing prior to that date, previous guidance …
ex parte order

Expecting assessee to submit voluminous details at fag end in a short period of time was unjustified – ITAT

administrator October 8, 2018 Income Tax, ITAT
Expecting assessee to submit voluminous details at fag end in a short period of time when AO kept assessment proceedings dormant for one year was unjustified – ITAT ABCAUS Case Law Citation: ABCAUS 2565 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: Pr.CIT Vs. Ashokji …

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