"06 March 2018" Archive - Page 3

CBEC Circular to Reduce Litigations – An Overview

Central Board of Excise and Customs has issued circular No.1063/2/2018-CX dated 16.02.2018, wherein this compiles sixty three orders of Supreme Court, High Courts and CESTAT on the various issues relating to Central Excise, Service Tax and Cenvat Credit has been accepted by the department. This is an exercise has been under taken by the B...

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Posted Under: Excise Duty |

Mistake to be avoided while filing Shipping Bill Number in Table 6A of GSTR-1

Attention Exporters: Provide complete and correct Shipping Bill Number while filing Table 6A of GSTR-1, to ensure that the GST System transmits the export invoice data, in case of export of goods with payment of IGST, to ICEGATE for refund. Steps to be followed by taxpayers, who have submitted FORM GSTR 3B but not filed […]...

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Posted Under: Excise Duty |

Govt to leverage Fin tech to enhance financial inclusion of MSMEs

The Government constitutes a Steering Committee on Fintech related issues to consider various issues relating to development of Fin tech space in India with a view to make Fin tech related regulations more flexible and generate enhanced entrepreneurship in an area where India has distinctive comparative strengths vis-à-vis other emergin...

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Posted Under: Excise Duty |

Is Proposed Amendment in Finance Bill 2018 Levying Tax on Deemed Dividend u/s 2(22)(e), Results in Double Taxation??

The Finance Bill 2018, has proposed to cover deemed dividend u/s 2(22)(e) of Income Tax Act, also for levy of dividend distribution tax @ 30%, u/s 115-O of Income Tax Act, in the hands of a closely held company paying such deemed dividends. Apprehensions have been raised in some quarters as to whether the proposed amendment will result in...

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Posted Under: Excise Duty |

Big Bank PNB Fraud gave Birth to NFRA

It seems like it was the need of an hour to constitute National Financial Reporting Authority. Section 132 of Companies Act, 2013 deals with the constitution of NFRA. On Thursday March 1, 2018, the cabinet approved its constitution as announced by Union Finance Minister Arun Jaitley in a press meet. But the question here is, […]...

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Posted Under: Excise Duty |

Know all about Deposits Provisions for private companies

This article clears the understanding of the provisions of Companies Act, 2013 applicable on private companies on acceptance of deposits....

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Posted Under: Excise Duty |

Rule 6DD- Exception to Sec 40A(3)- Salary to temporarily posted employee & Terminal benefit Payment

Salary of Employee after deducting TDS where, employee is temporarily posted greater then or equal to 15 days continuously at place (not place of duty) or ship & at that place, employee does not have any bank accounts....

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Posted Under: Excise Duty |

Government pumps up export promotion in SEZs by implementing online filing of LUT.

Government has implemented the new policy wherein these traders can now sign an LoU with the GST authority and get relieved of GST on input, if their motive is export....

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Posted Under: Excise Duty |

Video- Tax Planning For AY 18-19

31.03.2018 is approaching so before finalizing your books you should keep in mind below points which are important for your decision making for AY 18-19.Copy the below link and paste on the new tab to understand step by step what are the important things which you shouldn't miss....

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Posted Under: Excise Duty |

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