Order makes mention of the service of a notice to the company as also to the Director, who represents the company in this writ petition. The notice sent to the company was returned with the postal inscription ‘addressee left’, whereas the notice sent to the Director was duly received by him on 14.03.2017.
Government has decided to impose 30% import duty on Chana (Chickpeas) and Masoor (Lentils), with immediate effect.Production of Chana (Chickpeas) and Masoor (Lentils) are expected to be high during the forthcoming Rabi season, and cheap imports, if allowed unabated, are likely to adversely affect the interest of the farmers.
CS Rahul Jain, Hyderabad BACKGROUND: The Companies (Amendment) Bill, 2017 was a result of the long consultative process undertaken by the Companies Law Committee constituted by the Ministry of Corporate Affairs, Government of India in an attempt to make recommendation on various issues in implementation of the Companies Act, 2013. The Companies (Amendment) Bill, 2017 […]
View Submitted or Saved Application for Refund How can I view my submitted or saved application for refund on the GST Portal? 1. To view your submitted application, navigate to Services > Refunds > My Saved/Submitted Application command.
How can I submit the application for refund of excess balance in Electronic Cash Ledger on the GST Portal? To submit the application for refund of excess balance in Electronic Cash Ledger on the GST Portal, perform the following steps:
REFUND MECHANISM UNDER GST- The Committee notes that refunds has started to trickle only from the month of November, 2017 and the intervening period of four months from July to October, 2017 has been extremely trying for the exporters. The significant time lag in providing refunds has supposedly eroded the competitiveness of exporters by around 1.2 per cent to 2 per cent. It is felt that if the stuck up capital reaches a figure of 2025 per cent of the working capital then it will result in a steep downward spiral of our exports. (Para 2.8)
During FY 2015-16, the ITD had completed 2.57 lakh scrutiny assessments in the units audited as per the audit plan of FY 2016-17, out of which we checked 2.39 lakh cases. Apart from this, we have also audited 0.30 lakh cases completed in the earlier financial years, during FY 2016-17.
Section 16 of CAG’s (DPC) Act, 1971 mandates CAG to audit receipts payable into the Consolidated Fund of India and to satisfy that the rules and procedures are designed to secure an effective check on the assessment
a) Is Minister or his office a ‘public authority’ under the RTI Act? b) Whether a citizen has right to information sought, and does the minister has corresponding obligation to give?
As per Section 199(3) of Income Tax Act, 1961 read with Rule 37BA(3)(i) and (ii) of Income Tax Rules, 1962 TDS can be granted only in the year in which the income/receipt on which such tax deducted at source is asses sable to tax.
