Where assessee purchased Ground Floor of the house property and had also purchased first floor of the said house property and deduction for both the ground floor and the first floor under section 54F by treating both the floors as one single residential unit thus he was entitled to became two different floors of one house property could not be treated as two different residential houses.
CBIC waives late fee payable for all registered persons who failed to furnish return in FORM GSTR-3B for July, 2017 by due date.
It is close to a year since demonetisation has taken place. GST the greatest tax reform since independence, has been rolled out a few months ago. Both of these reforms have an impact on inflation. Moreover the prices of petroleum products continue to be highly priced, despite the fact that international crude oil prices are low.
With the implementation of GST, the senior citizens or the elderly segment of our population, many of whom are disabled due to advancing age or other wise, are facing additional burden due to GST. Already, senior citizens do not get any concession for taxes that they pay except in IT, which is not much.
Companies having exported the above mentioned items to Algeria may check up with their client if all bank formalities mainly the pre- authorized bank direct debit instruction, has been completed before 4th July, 2017.
Value of goods in case of supply is more than Rs 50,000. For reasons other than a supply (say a return) Due to inward supply from an unregistered person Before Movement of Goods in Form GST EWB-01
In the age of outsourcing, it is common to get certain operations done from another person. This latter person may carry out either a part of the process allowing its completion by another person or by the person sending the goods or may himself complete the goods. Such operations are called job work operations.
Director General of Foreign Trade hereby authorizes the agency as below to issue GSP Certificate and Certificate of Origin (Non Preferential) under Appendix 2C & 2E: M/s Agricultural and Processed Food Products Export Development Authority (APEDA),
The last date of export of raw sugar to USA under TRQ quota for the US fiscal year 2017 (October 1, 2016 to September 30, 2017) has been extended till 31.10.2017.
Import of Toys (all items under EXIM Codes 95030010, 950300 20, 95030030 and 95030090) shall be permitted freely when accompanied by the following two types of certificates: (i) A certificate that the toys being imported conform to the standards prescribed in (a) ASTM F963 or (b) ISO 8124 (Parts I-III) or (c) IS 9873 [Parts I-III] or
