Attention of all exporters, their agents, export promotion councils and shipping lines is invited to the fact that in a number of cases of exports through ICDs, IGST refund could not be granted due to EGM related errors (SB006).
G.S.R…. (E). – Whereas, the designated authority vide notification No. 7/14/2017 DGAD, dated the 22nd September, 2017 published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 22nd September, 2017, had initiated the sunset review in term of sub-section (5) of section 9 A of the Customs Tariff Act, 1975
Mahanadi Coalfields Ltd. Vs. ACIT, (ITAT Cuttack) In the present case found that thee Assessing Officer has initiated reassessment proceedings on the same facts which were available before him at the time of making assessment u/s.143(3) of the Act and no new tangible material has come on the basis of which it could be said […]
M/s. Navin Fluorine International Ltd. Vs. CCE (CESTAT Delhi) It is clear that show cause proceedings were initiated only on the ground that the amended Cenvat Credit Rules excluded the construction services as eligible input service. The appellant took credit on 30.04.2011 whereas the amendment was carried on 1.4.2011. It is nobody’s case that the […]
In the era of series of reforms and GST implementation, the government is all set to introduce E-Way Bill for movement of goods across the country. The free movement of goods across the nation without any barriers in between is one of the main aims of GST.
Whether supply of such motor vehicles as scrap after its usage can he treated as ‘supply’ in the course or furtherance of business and whether such transaction would attract GST? If yes, please provide the rate of GST and/or Compensation Cess.
A. General conditions for claiming refund As per section 54(4), the application shall be accompanied by— (a) documentary evidence to establish that a refund is due to the applicant; and (b) such documentary or other evidence to establish that the amount of tax etc. was collected from, or paid by applicant and the incidence of it had not been passed on to any other person.
The issues with the GST acceptance are mainly about safeguarding the powers of states in taxation matters. Since the indirect taxes are major source of revenue for state governments so any change in this tax structure can impact the state governments adversely.
The Benami Transactions (Prohibition) Amendment Act, 2016 (PBPT Act) which came into effect from 01st November 2016, after amending the 28-year-old law which was also called the Prohibition of Benami Property Transactions Act, 1988.
Government of India has decided that the date of closure of residual transactions for the month of March 2018 be fixed as April 10, 2018 for the Financial Year 2017-18.
