"18 August 2015" Archive

Rajya Sabha adjourns sine die without passing the GST Bill

The Monsoon session of the Parliament, which saw protests between the Government and the Opposition, has been a complete washout. However, on the second day of the session, i.e. on July 22, 2015, Select Panel of the Rajya Sabha managed to submit its Report on the GST Bill amid Opposition furore over the Lalit Modi row....

Notification No. 80/2015-Customs (N.T.) Dated: 18/08/2015

Notification No. 80/2015-Customs (N.T.) 18/08/2015

In exercise of the powers conferred by sub-section (1) of section 4 and sub­section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs ...

Notification No. 79/2015-Customs (N.T.) Dated: 18/08/2015

Notification No. 79/2015-Customs (N.T.) 18/08/2015

Mumbai to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on the authority mentioned in column (3) of the Table below, for the purpose of adjudicating the matter relating to Show Cause Notice, specified in the corresponding entry in column (2) of the said table, pertaining to the...

Notification No. 78/2015-Customs (N.T.) Dated: 18/08/2015

Notification No. 78/2015-Customs (N.T.) 18/08/2015

(i) M/s Gocool Grinders, 30, Ghanshyam Industrial Estate, Near Margha Farm, Bapunagar, Ahmedabad, Gujarat; (ii) M/s Gayatri Traders, 31/A,Ghanshyam Industrial Estate, Near Margha Farm, Bapunagar, Ahmedabad, Gujarat; (iii) M/s Garvi Traders, 383, Mehta Tiles Compound, Opp: G. H. Board, Singarwa-Kathwada Road, Kathwada, Ahmedabad...

Notification No. 77/2015-Customs (N.T.) Dated: 18/08/2015

Notification No. 77/2015-Customs (N.T.) 18/08/2015

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs ...

Reasons why startups should opt for a Corporate form of business rather than Proprietorships

The most common problem which startups or new ventures face while starting their business is whether to form a proprietorship or a Company. Sole Proprietorship, being the most traditional form of business is still one of the most common types of business entity in India. Theeasy formation procedure and minimum compliance requirements in a...

Purchases of materials from a person other than the customer is not a works contract –TDS is not applicable

CIT Vs The Executive Engineer (Karnataka High Court, Kalaburagi Bench)

In the case of Commissioner of Income Tax Vs The Executive Engineer Court of Karnataka( Kalaburagi Bench) has held that if a person executing the work, purchases the materials from a person other than the customer...

Kabaddi between taxpayer and income tax! Enjoy it!

Nowadays interesting matches of Pro-Kabaddi are going on. This is the second year of Pro-Kabaddi Match Series. The game of kabaddi is gaining more and more popularity by the day. Krishna, Please explain how Interesting the game will be if it is played between the Income Tax officers and Taxpayers, such that Knowledge can be gained in a f...

Anti Dumping Duty on Flexible Slabstock Polyol – Revoked

Notification No. 44/2015-Customs (ADD) 18/08/2015

NOTIFICATION NO. 44/2015-Customs (ADD), Dated: August 18, 2015 Central Government hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 89/2009-Customs, dated the 31st August, 2009, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide numb...

Anti Dumping Duty on PVC Flex Films extended till 29.07.2016

Notification No. 43/2015-Customs (ADD) 18/08/2015

NOTIFICATION NO. 43/2015-Customs (ADD), Dated: August 18, 2015 Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 (hereinafter referred to as the said rules), in the matter of continuation of anti-dumping duty on PVC Flex Films falling under Chapter 39 of the First Schedule to the Customs Tariff Act, origina...

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