Penalty us 271(1)(c) invoking discretionary jurisdiction us 40A(2)(b) invalid. Income assessed on the basis of deeming provisions would not amount to non-disclosure-Allahabad High Court ABCAUS Case Law Citation: ABCAUS 1287 (2017) (07) HC The Issue: The only point of the litigation was regarding the levy of penalty under Section …

Prices of appliances under UJALA revised after GST comes into effect    Prices of appliances under UJALA revised after GST comes into effect  9W LED bulbs to cost Rs 70, 20W LED tube light to cost Rs 220 & 5-star rated fans will be available at Rs 1,200 …

Jammu and Kashmir joins GST making GST truly one nation one tax regime   Ministry of Finance Press Release Dated: 8th July, 2017 The State of Jammu and Kashmir joins GST today making the GST truly a “ one nation, one tax” regime.  The President of India has …

Deduction claim against LIC Incentive admissible up to 30 percent. From 01.04.1989  Development Officers entitled for reimbursement to the extent of 30% of the incentive bonus-ITAT ABCAUS Case Law Citation: ABCAUS 1286 (2017) (07) ITAT The Grievance: The present appeal by the assessee was directed against the order …

GST Rates on Goods and Services Booklet Download CBEC has issued a GST Rates Booklet for the help of the users. RATE OF GST ON GOODS The Rates have been categorised in seven different schedules: SCHEDULE I: LIST OF GOODS AT NIL RATE SCHEDULE II: LIST OF GOODS AT …

Supply of goods-services for export without integrated tax payment by furnishing Letter of Undertaking in place of Bond. Conditions and Safeguards Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 16/2017-Central Tax New Delhi, the 7th July, 2017 G.S.R… ( …