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Archive: 08 March 2017

Posts in 08 March 2017

Extension of Due date to activate account on GST Portal for Maharashtra VAT Dealers

March 8, 2017 2856 Views 0 comment Print

Many communications have been received from the trade for the extension of dates, as some of them have faced difficulties while obtaining Provisional Ids or activating their accounts on GST Portal. So, as per the communication received from GSTN, and as per request from the Trade, the date for disabling Provisional Ids is now extended upto 15-03-2017.

Amendment in Service Tax Exemption to Educational Institutions WEF 01.04.2017

March 8, 2017 39150 Views 0 comment Print

Provided that nothing contained in clause (b) of this entry shall apply to an educational institution other than an institution providing services by way of pre-school education and education up to higher secondary school or equivalent

Addition by CIT(A) without Opportunity to Assessee is invalid

March 8, 2017 2559 Views 0 comment Print

Section 251(2) provides that the Commissioner (Appeal) shall not embark on enhancement of an assessment unless the assessee has been granted a reasonable opportunity of showing cause against such We find no reference to the issuance of enhancement notice in the appellate order of the CIT(A).

Exclusion of comparables based on Turnover and size filter is valid

March 8, 2017 2415 Views 0 comment Print

Bombay High Court decision upheld the DRP order in excluding 6 companies, from the list of comparables chosen by the TPO, on the basis of turnover and size. Following it , we uphold the DRP order in excluding the above 6 companies, from the list of comparables chosen by the TPO, on the basis of turnover and size.

Last date of Digital Life Certificate submission extended to 31.03.2017

March 8, 2017 2094 Views 0 comment Print

Last date of submission of Digital Life Certificate through Jeevan Pramaan Patra extended upto 31st March 2017. EPF & MP Act, 1952 made applicable to all staff employed in ECHS on contractual basis. A single page composite claim form in death cases replaces Form 20, form 5-IF and Form 10-D

CBI Arrests Superintendent of Central Excise in an alleged bribery case

March 8, 2017 1185 Views 0 comment Print

CBI has arrested a Superintendent of Central Excise, Anti-Evasion, Hyderabad-II Commissionerate, Kendriya Shulk Bhavan, Basheerbagh, Hyderabad and a private person in an alleged bribery of Rs. four lakh.

DVAT 3rd quarter of 2016-17 Online Return Filing due date extended to 17/03/2017

March 8, 2017 1506 Views 0 comment Print

Delhi Value Added Tax Rules, 2005, I, H. Rajesh Prasad, Commissioner, Value Added Tax, do hereby extend the last date of filing of online/hard copy of third quarter return for the year 2016-17, in Form DVAT-16 ,DVAT-17 and DVAT-48 along with required annexure/enclosures to 17.03.2017.

Secondary market liquidity needed to attract retail investor into corporate bond space: SEBI official

March 8, 2017 597 Views 0 comment Print

Infusing some amount of secondary market liquidity can help attract retail investors to enter the corporate bonds’ space, a top Securities Exchange Board of India (SEBI) official said at an ASSOCHAM event held in New Delhi today.

Approach on un-reconciled, unsettled outstanding reinsurance balances as on 31.03.2014

March 8, 2017 1179 Views 0 comment Print

If the reinsurance/ composite broker has un-reconciled outstanding unsettled clients money lying with them, they shall transfer the same in a separate bank account under intimation to the Authority with full details of the bank account.

Ram Jethmalani cross examined Arun Jaitley in court: Part 1

March 8, 2017 53478 Views 10 comments Print

I put it to you that ‘goodwill’ is enjoyed even by a crook, who has done some good thing to somebody. What do you have to say? You have used the word ‘goodwill’ in the letter addressed to Deputy Registrar filed along with the plaint. Are you aware about the difference between goodwill and reputation?

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