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Archive: November, 2014

Posts in November, 2014

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

May 15, 2024 7173 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.

Electronic Mode of Payment- Who required to Pay Taxes online

November 30, 2014 2531 Views 0 comment Print

Income Tax Rules provide that the following persons shall pay tax electronically (i.e. internet banking facility or through credit/debit cards) on or after the 1st day of August, 2008: i.  A company; and ii.  A person (other than a company), to whom the provisions of section 44AB of the Income-Tax Act 1961 are applicable. As […]

Check List for passing on upfront service tax exemption to SEZ Unit/Developer/Co-Developer

November 30, 2014 32517 Views 2 comments Print

Effective from 01.07.2013 in terms of service tax notification no 12/2013-ST, All SEZ Unit/ Developers/ Co-developers have to provide Form A2 authorisation from service tax authority for availing the upfront service tax exemption otherwise first pay service tax and claim refund of it from the Govt.

Functionality for CsIT(CO) for generation of MIS of Auditable cases (u/s 143(3), 144 & 147) – regarding

November 30, 2014 1235 Views 0 comment Print

The Directorate of Income Tax (Audit) desired for providing list of auditable cases (u/s 143(3), 144 & 147) from the Income Tax Database. 2. Since, it is important to provide requisite information to the offices of Audit across the country in a structured manner on regular basis, a new functionality has been provided in the ITD application to generate MIS of auditable cases (u/s 143(3), 144 & 147) from the System.

Due date for Filing Return in Jammu & Kashmir extended to 31.03.2015

November 29, 2014 3832 Views 0 comment Print

Considering the devastation due to floods in the State of Jammu & Kashmir, the Central Board of Direct Taxes, in exercise of powers conferred under section 119 of the Income-tax Act, 1961 (`Act’) and in continuation to the earlier order under section 119 of the Act dated 16.09.2014, hereby further extends the ‘due date’ of furnishing return of income from 30th November, 2014 to 31st March, 2015, in cases of Income-tax assessees in the State of Jammu & Kashmir which are covered under clause (a) or clause (aa) of Explanation 2 to sub-section (1) of section 139 of the Act.

Tribunal cannot dismiss an appeal for want of prosecution – SC

November 29, 2014 1472 Views 0 comment Print

Balaji Steel Re-Rolling Mills (the Appellant) is a partnership firm engaged in the manufacture and sale of Hot Re-rolled products. The Commissioner of Central Excise and Customs, Aurangabad, (the Commissioner) vide order dated July 20, 1999

Ignoring judicial discipline is gross incompetence & irresponsible conduct

November 29, 2014 1562 Views 0 comment Print

RGL Converters (the Appellant) is amanufacturer of Printed Cork Tipping Paper (PCT). The relevant process involves procurement of Cork Tipping Base Paper (CKT) including Other Uncoated Paper and Paper Board in rolls or sheets, including jumbo rolls of specified width and length.

Remission of duty on goods cleared for export under bond but destroyed at port before export

November 29, 2014 1193 Views 0 comment Print

Honest Bio-Vet Pvt. Ltd. (the Appellant) cleared certain goods for export under ARE-1 under bond without payment of duty. The Appellant had taken the goods directly to the port of export i.e. JNCH, presented the Shipping Bill and ‘Let Export’ Order was allowed.

Inclusion of Royalty paid for technical know-how in assessable value of imported goods

November 29, 2014 2646 Views 0 comment Print

Atlas Copco India Ltd. (the Appellant) imported parts and components (imported goods) from their related foreign entity Atlas Copco Air Power, Belgium and other related parties for the manufacture of the various compressed air and gas equipments

Suspension order cannot be treated as SCN under Regulation 20(2) of CHA Licensing Regulations, 2004

November 29, 2014 732 Views 0 comment Print

The Appellant argued that no Show Cause Notice was issued as required under Regulation 20(2) of the CHA Regulations. In response, after one year

Inclusion of Service Charges in assessable value of material imported

November 29, 2014 663 Views 0 comment Print

Alcan India Pvt Ltd. (the Appellant) entered into Agreements with Alcan Packaging Singen GMBH, Germany for availing certain Management Consultancy services and paid BU charges. Similarly, the Appellant also entered into an Agreement with Pechiney Plastic Packaging

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