"16 November 2017" Archive - Page 3

Order No. 200/2017: Transfer & Posting in ACIT/DCIT Grade

Order No. 200 of 2017 (16/11/2017)

Order No. 200 of 2017 The following postings / transfers in the grade of Assistant / Deputy Commissioner of Income Tax are, hereby, ordered with immediate effect and until further orders:-...

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How to create and file details for export invoice summary in Table 6A of FORM GSTR-1

How can I create and file details for export invoice summary in Table 6A of FORM GSTR-1? To create and file details for export invoice summary in Table 6A of FORM GSTR-1, perform the following steps ...

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Posted Under: Income Tax |

Export of Milk Products (Quality Control, Inspection and Monitoring) Rules, 2000

Public Notice No. 149/2017-JNCH (16/11/2017)

Attention of the Exporters, Custom Brokers, other members from trade & industries and all concerned are invited to Export of Milk Products (Quality Control, Inspection and Monitoring) Rules, 2000....

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Forwarding of samples for testing to Outside Laboratories- reg

Circular No. 43/2017-Customs (16/11/2017)

It has come to the notice of the Board that due to lack of testing facilities of certain goods in Revenue Laboratories, there is delay in clearance of the consignments of these goods due to avoidable movement of samples between Customs field formations and Revenue Laboratories....

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Beware of Fake Income Tax Refund emails

For all of those who have Income Tax return and have received an e-mail stating that there has been an error in calculating your tax and a refund has to be issued, please ignore it....

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Posted Under: Income Tax |

Outcomes of 23rd GST council meeting

1. 178 items have been move from 28% to 18% 2. 13 items have been move from 18% to 12%, 5 items have been moved from 18% to 5% and 6 items have been moved from 5%to 0% 3. All stand alone Restaurants (except 5 star) irrespective of AC will attract 5% GST without ITC also food parcels (or takeaways) will attract 5% GST without ITC,...

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Posted Under: Income Tax |

Notification under MVAT Schedule entry B-11A (ATF for RCS flights)

No. VAT. 1517/C.R.156/Taxation-1. (16/11/2017)

No. VAT. 1517/C.R.156/Taxation-1.—In exercise of the powers conferred by entry 11A of Schedule B of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra, hereby with effect from the date 1st April 2017, specifies the following conditions for the purpose of the said entry...

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Secondary market transactions in Government Securities – Notional Short Sale

RBI/2017-18/96 FMRD.DIRD.04/14.03.007/2017-18 (16/11/2017)

In terms of RBI circulars IDMD.PCD.21/14.03.07/2011-12 dated June 21, 2012, and IDMD.PCD.14/14.03.07/2011-12 dated December 28, 2011 market participants undertaking ‘notional’ short sale are not permitted to use securities from their HTM/AFS/HFT portfolio for delivery against the short sale....

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ITAT deletes penalty on Failure of AO to mention specific limb of section 271(1)(c); Penalty cannot be imposed for mere valuation difference

Shah Virchand Govanji Jewellers Pvt. Ltd. v. ACIT-Valsad (ITAT Surat)

Penalty U/s. 271(c) Addition for difference on account of method of valuation of Closing Stock without any intention to to conceal income or furnishing of inaccurate particulars of income not justified...

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Procedure for obtaining Self Sealing Permission for Electronic Sealing of containerized cargo at factory or warehouse premises – reg

F. No. : S/6-Misc-03/2013-14-EXP-FSP-JNCH (16/11/2017)

Attention of the Exporters, Custom Brokers and all concerned are invited to the Board Circular No. 41/2017 dated 30.10.2017 read with Board Circular No. 26/2017 dated 01.07.2016, 36/2017 dated 28.08.2017 and 37/2017 dated 27.09.2017....

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