Abcaus

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

administrator November 20, 2017 GST

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/ …

Aadhaar Data is Never Breached or Leaked – UIDAI denies media news

administrator November 20, 2017 Aadhaar

Aadhaar Data is Never Breached or Leaked UIDAI denies media news report, that 210 Government sites made Aadhaar info public Press Information Bureau Government of India Ministry of Electronics & IT 20-November-2017 14:22 IST Aadhaar Data is Never Breached or Leaked: UIDAI The Unique Identification Authority of India …

No deemed dividend u/s 2(22)(e) where personal property pledged as collateral security – ITAT

administrator November 19, 2017 Income Tax, ITAT, Judgments

No deemed dividend u/s 2(22)(e) where personal property pledged as collateral security for enabling the company to obtain loan/credit facilities from bank – ITAT ABCAUS Case Law Citation:ABCAUS 2123 (2017) (11) ITAT The respondent assessee was one of the directors of a Private Limited Company with substantial interest. …

Voluntary disclosure in all cases cannot absolve liability of concealment penalty u/s 271(1)(c) – High court

administrator November 18, 2017 High Courts, Income Tax, Judgments

Voluntary disclosure in all cases cannot absolve liability of concealment penalty. High Court confirmed penalty u/s 271(1)(c) for deferral/avoidance of tax. Willful concealment is not an essential ingredient for attracting civil liability as is the case in the matter of prosecution under section 276C – High Court ABCAUS Case …

Updated Harmonized Master List of Infrastructure Sub-sectors notified

administrator November 18, 2017 Finance Ministry

Updated Harmonized Master List of Infrastructure Sub-sectors notified MINISTRY OF FINANCE (Department of Economic Affairs) (INFRASTRUCTURE POLICY AND PROGRAMME SECTION) NOTIFICATION New Delhi, the 14th November, 2017 F. No. 13/1/2017-INF.—With the approval of the Competent Authority, an updated Harmonized Master List of Infrastructure Sub-sectors (Annexure-I) is hereby notified. …

Refund of unutilized ITC of GST paid on inputs for fabric export-clarification

administrator November 17, 2017 GST

Refund of unutilized ITC of GST paid on inputs for fabric export-clarification Circular No. 18/18 /2017-GST F. No. 354/320/2017-TRU -Pt.1 Government of India Ministry of finance Department of Revenue Tax research Unit **** North Block, New Delhi 16th November 2017 The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioner of …