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Archive: 22 October 2016

Posts in 22 October 2016

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

May 15, 2024 6141 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.

Live Course on How to Reply to GST Notices & SCN & to Fake ITC Notices? – Last day to Register

May 15, 2024 19209 Views 0 comment Print

Join our live course to learn expert strategies for replying to GST notices, SCNs, and fake ITC notices. Understand litigation nuances, evidence insights, and practical tips for effective responses. Register now!

E–Commerce under the GST Regime

October 22, 2016 8662 Views 1 comment Print

The GST regime in India shall be a turnaround for the whole indirect tax schema in the country. The revamped taxation policies, altered levies and revised compliance methodologies shall affect businesses and commerce of all levels and categories. However, one the most significant and majorly impacted segment shall be the E – Commerce industry.

Computerised Machines not eligible for Depreciation @60%

October 22, 2016 17851 Views 1 comment Print

Appendix I in Income Tax Rules, 1962 in respect of rates at which depreciation is admissible provides depreciation on computers including computer software @ 60%. Recently, in Dinamalar vs. The ITO [T.C.A.No.624 of 2016, Decided on 02.09.2016], the assessee in respect of the claim of depreciation on computers and computer peripherals, claimed depreciation on the items, viz.

S. 14A cannot be invoked if no regular activity in respect of Investment

October 22, 2016 3139 Views 0 comment Print

ITAT Held that Section 14A of Income Tax Act,1961 cannot be invoked, where no regular activities were undertaken by the Assessee in respect of the investments to earn exempt income and no change in the investments during the year?

Industrial production likely to remain subdued

October 22, 2016 817 Views 0 comment Print

While the IIP is expected to remain muted owing to the low investment and weak external demand, it is likely to edge on the positive zone supported by the festive season related demand and the favourable base effect.

All about Concept of Call Book in Indirect Taxes

October 22, 2016 21118 Views 1 comment Print

In this E-book, attempts have been made to explain Concept of Call Book in Customs & Central Excise Department. It is expected that it will help departmental officers in their day to day work.

Interrogation under Customs Act 1962 and allied Acts

October 22, 2016 5779 Views 0 comment Print

Customs authorities are empowered to investigate offences under the Customs Act and allied acts and in connection with the investigation, exercise powers conferred under relevant sections of the Customs Act 1962 and such allied Acts.

All about Filing of Appeal before CESTAT: Circulars-Part III

October 22, 2016 7915 Views 0 comment Print

Though all efforts have been made to make this document error free, but it is possible that some errors might have crept into the document. If you notice any errors, the same may be brought to the notice to the NACEN, RTI, Kanpur on the Email address: This may not be a perfect E-book. If you have any suggestion to improve this book, you are requested to forward the same to us.

Input Tax Credit under GST Law

October 22, 2016 15478 Views 1 comment Print

Before understanding the Input tax credit under GST Law it is essential to understand the changes made in earlier Law i.e. CENVAT under Rule ,2004 to the new law. After giving the due consideration, it is clear from the given table below that except few minor changes, Capital Goods under Rule 2(a) and Section 2[20] are same.

Lets Take Pledge of Integrity & Eradication of Corruption

October 22, 2016 2899 Views 3 comments Print

I believe that corruption has been one of the major obstacles to economic, political and social progress of our country. I believe that all stakeholders such as government, citizens and the private sector need to work together to eradicate corruption.

Input Tax Credit Reversal of GST to Petroleum Sector– Solution?

October 22, 2016 6553 Views 1 comment Print

The Constitutional Amendment (101) Act 2016 proposes to levy CGST and SGST or IGST on supplies of all goods and services other than on supplies of ‘Petroleum Products’ like Crude Oil, Natural Gas, Motor Spirit ,Diesel and Aviation Fuel.

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