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Archive: August, 2017

Posts in August, 2017

Planning Commission to NITI Aayog Making strategies for transforming India

August 16, 2017 1248 Views 1 comment Print

The NITI Aayog, established in 2015, is one of Indian democracy’s youngest institutions. It has been entrusted with the mandate of re-imagining the development agenda by dismantling old-style central planning.

Clarification on submitting Bank certificate evidencing receipt of payment in freely convertible currency

August 16, 2017 1344 Views 0 comment Print

Clarification on requirement of submitting Bank certificate evidencing receipt of payment in freely convertible currency under Notification No. 45/2001-CE (NT) dated 26.06.2001 for export to Bhutan for specified Hydroelectric Projects- req.

Order No. 137/2017 Promotion & posting of officers to Principal CIT grade

August 16, 2017 2598 Views 0 comment Print

ORDER NO, 137 OF 2017 Consequent upon the approval of ACC the following officers are, hereby, promoted to the grade of Principal Commissioner Of Income Tax (level 15 in the pay matrix Rs 1 82,200 – 2,24,100) w e f the date of assumption of charge of the post or until further orders –

Guidelines for provisional release of seized imported goods pending adjudication U/s. 110A of Customs Act, 1962

August 16, 2017 41106 Views 1 comment Print

While provisional release of seized imported goods under Section 110A of the Customs Act, 1962 may normally be considered by the competent adjudicating authority upon a request made by the owner of the seized goods, provisional release shall not be allowed in the following cases —

CBEC amends Notification No. 45/2001-CE (NT) dated 26 June, 2001

August 16, 2017 2889 Views 0 comment Print

In paragraph 2 under heading, Procedure, against S.N. (3), in item (i) after the words, alongwith bank certificate evidencing receipt of payment in freely convertible currency, the words, in case of Bhutan, it is in Indian Rupees, shall be inserted.

Adjudicating Authority only can decide on Benami nature of property

August 16, 2017 720 Views 0 comment Print

Kailash Assudani Vs CIT (Madhya Pradesh High Court) High Court held that It is the Adjudicating Authority who is to decide the question of Benami nature of the property. The proceedings under Section 24 of the Act contemplates the issuance of show cause notice as to why the property specified in the notice should not […]

Penalty proceedings liable to be quashed for Inconsistency in recording of satisfaction and levy of penalty

August 16, 2017 2370 Views 0 comment Print

Where specific charge for the levy of penalty was not mentioned in the notice issued under section 274 read with section 271(1)(c) and there was vagueness in the recording of satisfaction, the penalty proceedings were liable to be quashed.

How to view GST Act, Rules, Notifications, Circulars, Amendments & Press Releases

August 16, 2017 2631 Views 0 comment Print

FAQs on Acts Q.1 Where can I see the applicable Acts, Rules, & Schedules for my state? Under the GST regime the following taxes will be levied: Integrated Goods and Service Tax Act (IGST) Central Goods and Service Tax Act (CGST) GST compensation Act (Cess) State Goods Service Tax Act (SGST) / Union Territory Goods […]

Where to find list of holidays applicable in GST regime

August 16, 2017 5181 Views 0 comment Print

FAQs on View Holiday List Q.1. How can I find out the working and non-working days of the Central Government and State Government? Ans. Check the list of Central Government and State-wise holidays so that you are aware of working and non-working days of the relevant state and central departments. This list is as per […]

What is API Access Permission under GST and why it is needed

August 16, 2017 65897 Views 0 comment Print

Taxpayers can avail services of any ASP/GSP to do GST compliance related activities such as filing Returns. To use ASP/GSP services, Taxpayers need to allow access to APIs for ASP/GSPs.

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