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Archive: 19 April 2017

Posts in 19 April 2017

Amendment to MVAT Notification u/s 8(3C)-Textile processors

April 19, 2017 1254 Views 0 comment Print

Government of Maharashtra hereby amends the Government Order, Finance Department, No. VAT-1507/C.R.70/Taxation-1, dated the 21st February 2008 as follows, namely

MVAT Notification u/s 8(3D)-Sizing and warping of yarn

April 19, 2017 1257 Views 0 comment Print

If the tax has been paid or otherwise recovered in part or full, during the period starting on the 1st April 2005 and ending on the 31st March 2016, on the transfer of property in goods, involved in the sizing and warping of yarn, then the exemption shall be subject to the following conditions : —

Amendment in SION A-39 under Chemical & Allied Product Group

April 19, 2017 552 Views 0 comment Print

Standard Input Output Norms (SION) A-39 for export product falling under the Chemicals and Allied Products Group has been amended.

Reg. Committee to dispose disciplinary cases in Profession Institutes

April 19, 2017 957 Views 0 comment Print

The Government, in supersession of its earlier Order dated 27th March, 2017 has issued a revised Order dated 10th April, 2017 amplifying the Terms of Reference of the High Level Committee to look into issues related to disposal of the disciplinary cases in the professional Institutes.

Petition filed in SC to make Hindi compulsory in Class I to VII

April 19, 2017 1404 Views 0 comment Print

Study of Hindi should be compulsory for all the students of I-VIII standard, so that all the Indian citizens can easily communicate with each other. It will promote fraternity, unity and national integration, the great golden goals as set out in Preamble of the Constitution.

Deemed Dividend cannot be assessed in the hands of Company issuing shares

April 19, 2017 1785 Views 0 comment Print

Though, advance received by assessee company may have been for the benefit of the aforementioned registered shareholders, it could only be assessed in the hands of those registered shareholders and not in the hands of the assseeee-company.

Deposit under PMGKDS, 2016 allowed upto 30th April, 2017

April 19, 2017 1608 Views 0 comment Print

In case of persons who had filed the declaration by depositing tax, surcharge and penalty under PMGKDS on or before 31.03.2017, to allow extension of time till 30.04.2017 for banks to upload details into RBI’s E-Kuber system and for depositors to make commensurate deposits, if not already done.

SC orders Auction of Sahara’s Ambey Valley City; Subrata Roy to attend on 27.04.2017

April 19, 2017 903 Views 0 comment Print

As no amount has been deposited by the contemnor, we are inclined to go ahead with auction for the Aamby Valley City near Lonavala, Maharashtra. Let the matter be listed at 2 p.m. on 27th April, 2017, on which day, the contemnor, Mr. Subrata Roy Sahara, shall remain personally present before this Court.

Conditions for Admitting appeal U/s. 130E(b) of Customs Act: SC

April 19, 2017 2172 Views 0 comment Print

SC held that before admitting an appeal under Section 130E(b) of the Customs Act, the following conditions must be satisfied: (i) The question raised or arising must have a direct and/or proximate nexus to the question of determination of the applicable rate of duty or to the determination of the value of the goods for the purposes of assessment of duty. This is a sine qua non for the admission of the appeal before this Court under Section 130E(b) of the Act.

Time of Supply of Goods under Goods & Services Tax (GST)

April 19, 2017 7047 Views 0 comment Print

Under GST the liability to pay CGST / SGST, will arise at the time of supply as determined for goods and services. There are separate provisions for time of supply for goods and time of supply for services.

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