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Archive: 10 October 2014

Posts in 10 October 2014

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6447 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

A consignment agent who is free to sell goods to customers cannot be made taxable under Clearing and Forwarding services

October 10, 2014 9679 Views 0 comment Print

B K Sales Corporation (Appellant) was appointed as consignment agent by way of an Agreement by Narmada Chematur Petrochemicals Ltd. (principal). In terms of the Agreement, the principal was required to supply their product duly packed in drums on regular basis to the Appellant

Action-Plan Of CBEC To Evolve Non – Adversarial Indirect Tax Administration

October 10, 2014 490 Views 0 comment Print

The CBEC has issued an instructions vide letter F. No. 296/185/2014-CX.9 dated September 30, 2014 to all CCs and DGs on its action plan to evolve Non-adversarial indirect tax administration for the benefit of trade, industry and other stakeholders, whereby certain initiatives are being undertaken as follows: Punctuality: Officers are advised to maintain the appointed […]

CBEC- Regarding discontinuation of certain monthly reports from field formations

October 10, 2014 423 Views 0 comment Print

I am directed to say that TRU receives following monthly reports from field formations which are no longer required.

Report 15G/ 15H transaction & raise Flag B in Quarterly TDS Returns

October 10, 2014 14705 Views 6 comments Print

CPC-TDS Communication to Banks Regarding Non reporting of 15G/H transaction in contravention of rule 31A (4) of Income Tax Rules read with section 200 of Income Tax Act. 1) In this regard, it is to inform you that ________ branches out of ________ active branches of your bank have not reported transaction of payment of interest on which tax was not deducted in view of declaration of 15G or 15H form by the payee. We are also sending a separate communication to the non-compliant branches, attached in the list.

Present reporting system suffers problem of unreliability & susceptibility to error – CBEC

October 10, 2014 1352 Views 0 comment Print

At present there are more than 100 reports that are being sent by the field formations on a monthly basis to various Directorates and sections of the Board. Also, the present reporting system within the Department suffers from the problem of unreliability and susceptibility to error as it involves manual compilation at various stages.

CBEC discontinues Certain Reports

October 10, 2014 338 Views 0 comment Print

F. No. 354/156/2014-TRU The above Reports are being discontinued with immediate effect. It is requested that the same may not be sent to the Ministry from now on.

ITAT Cannot be Precluded from handling any point which appertains to assessment even if it is raised for the first time

October 10, 2014 3858 Views 0 comment Print

Hon’ble ITAT Mumbai in the case of Pradeep G. Vora v/s ITO has dealt in depth about the power of the tribunal to admit new additional ground and has held that tribunal Cannot be Precluded from handling any point (facts or law) which pertains to the assessment even if it is raised for the first time before it and was not raised before the authorithies below by observing as under:-

DIN-3 replaced by DIR-3C – ICSI

October 10, 2014 22393 Views 0 comment Print

Companies which do not have any of their Directors/Signatory details registered in the MCA2 1 system and who are desirous of filing DIR-3C Form are advised to get atleast one authorised signatory registered by contacting the concerned Registrar of Companies. ROCs have been requested by the MCA to allow entry of details from their offices also.

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