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Archive: 21 February 2018

Posts in 21 February 2018

Fludeoxyglucose or FDG classifiable as radioactive isotopes & compounds: AAR

February 21, 2018 3672 Views 0 comment Print

1. Whether the product ‘Fludeoxyglucose’ or ‘FDG ‘ can be classifiable under Chapter 3006 3000 of the Central Excise Tariff Act, 1985 ? 2. Whether chemicals used as pharmaceuticals that are inorganic or/ and of organic nature shall merit classification only under Chapter 28 & 29 and not under Chapter 30 which has been specifically carved out for chemical pharmaceuticals by makers of law ?

CBEC imposes Anti-dumping duty on Ceramic Tableware & Kitchenware

February 21, 2018 6783 Views 0 comment Print

Seeks to impose anti-dumping duty on Ceramic Tableware and Kitchenware, excluding knives and toilet items, originating in or exported from China PR.

Employees’ Deposit Linked Insurance (Amendment) Scheme 2018

February 21, 2018 10251 Views 0 comment Print

Employees’ Deposit Linked Insurance (Amendment) Scheme 2018. The Gazette notification G.S.R. No. 170 (E) on assurance benefits shall not be less than two lakhs and fifty thousand rupees under para 22 (3) of EDLI Scheme, 1976 dated 15-02-2018- Reg.

Manual filing & processing of GST refund of inverted tax structure & deemed exports

February 21, 2018 15585 Views 0 comment Print

As explained earlier, due to the non-availability of the refund module on the common portal, it has been decided, on the recommendations of the Council, that the applications /documents /forms pertaining to refund claims on account of inverted tax structure and deemed exports shall be filed and processed manually till further orders.

Guidelines for Online Submission of A/cs of Trusts whose annual income is above Rs. 5000

February 21, 2018 7218 Views 0 comment Print

Now we will understand the procedure for online submission of Trust’s Accounts whose annual income is Above Rs. 5000/-

MAT not applicable to companies following accounting policies under Electricity Supply act

February 21, 2018 4293 Views 0 comment Print

Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently held that it is need not be to compute Minimum Alternate Tax when the assessee maintaining books of accounts under the regulatory act instead of companies act under Section 115JB of the Income Tax Act 1961.

Error in respect of Reward column in filing of EDI shipping bills- Reg.

February 21, 2018 5727 Views 1 comment Print

Information on details of shipping bills in cases where exporters who have inadvertently ticked (for No) instead of (for Yes) in Reward column of shipping bills while filing the EDI shipping bills, but have declared the intent in the affirmative (in wordings) in the shipping bill

GST Self Service Portal User Guide

February 21, 2018 6243 Views 0 comment Print

Tax payers/GSPs to be enabled with an access to a Self-Service portal, wherein they do not need to wait in a queue for their call to be answered by a Service Desk associate, or to write emails to report their concern, and get the ticket number shared with them as a notification, after interaction. Instead, they would be able to raise tickets directly from Self-Service portal.

Sectio 2(22)(e): Registered owner Vs. beneficial owner: SC refers matter to larger bench

February 21, 2018 7281 Views 0 comment Print

National Travel Service Vs. CIT (Supreme Court of India) The question that arises in these appeals is as to whether Section 2(22)(e) of the Act gets attracted inasmuch as a loan has been made to a shareholder, who after the amendment, is a person who is the beneficial owner of shares holding not less than […]

GSTN: 1200 employees but no HR Policy: Balance Sheet Available only till 2013-14

February 21, 2018 21504 Views 0 comment Print

HR Policy had not been finalized, the detailed norms including delegation of powers for discharge of GSTN functions was under preparation, the rules/regulations and manual etc. to be used by its employees for discharging their functions was also under preparation, the annual statement of accounts and balance sheet was available till the period 2013-2014 only and that it was reflected that on completion of manual, rules and regulations, recruitment etc.

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