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Archive: 04 May 2018

Posts in 04 May 2018

Modification in Partial Withdrawal rules under NPS

May 4, 2018 828 Views 0 comment Print

Modification in Partial Withdrawal rules under NPS: Partial withdrawals will now be allowed to NPS subscribers who wish to improve their employability or acquire new skills by pursuing higher education/ acquiring professional and technical qualifications. Further, individual NPS subscribers who wish to set up a new business/ acquire new business will also be allowed to make partial withdrawals from his contributions. Other terms applicable to partial withdrawals will remain unchanged.

Service of Section 148 Notice to CA of Assessee is not service at all

May 4, 2018 13551 Views 0 comment Print

No notice was served to the petitioner under Section 148(1) of the IT Act and service of notice to the Chartered Accountant of the petitioner Company is not service at all and participation of the petitioner Company by filing return and filing objection to the notice to the reasons to believe cannot be held to be a valid service of notice

GST on Power Bank used to charge portable devices: AAR Haryana allowed application withdrawal

May 4, 2018 3207 Views 0 comment Print

In re  EPCOS India Pvt. Ltd. (GST AAR Haryana) Question Raised- Whether the product power bank which is used to charge portable devices can be classified under heading 8504 – having description “Electrical Transformers, Static converters (For Example, Rectifiers) And Inductors? Held by GST AAR Haryana Before the applicant could be provided a personal hearing, […]

IGST payable by importer on ocean freight in case of CIF basis contract: AAR

May 4, 2018 22872 Views 0 comment Print

In re Bahl Paper Mills Ltd. (AAR Uttarakhand) (a) Whether under Reverse Charge Mechanism, IGST should be paid by the importer on ocean freight in case of CIF basis contract, when service provider and service recipient both are outside the territory of India. In this regard it is observed that vide notification no. 8/2017- Integrated […]

Order No. 61 of 2018- Transfer & Posting of ACIT/DCIT grade

May 4, 2018 2766 Views 0 comment Print

Order No. 61 of 2018 The following transfers/postings in the grade of Assistant / Deputy Commissioner of Income Tax are, hereby, ordered with immediate effect and until further orders:-

Trading Hours on Stock Exchanges

May 4, 2018 843 Views 0 comment Print

Pursuant to the approval of the SEBI Board, in its meeting held on December 28, 2017, Stock Exchanges have been permitted to trade commodity derivatives along with other segments of securities market effective from October 01, 2018.

SEBI Issues Consultation Paper on“Review of SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2009″

May 4, 2018 1356 Views 0 comment Print

SEBI has placed a Consultation Paper on Review of SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2009 on the website for public comments. Comments are invited on the Consultation Paper latest by May 25,2018.

Expedite process of approval of GST Practitioners: CBEC Chairman

May 4, 2018 930 Views 0 comment Print

I would also urge the officers to expedite the process of approval of GST Practitioners. A proactive approach in facilitating the enrolment and helping the applicants, in case they have committed any bona fide mistakes while making application, will only further our cause of achieving a trade-friendly image for the department.

“Deeming”– ‘A Legal Fiction’- Service Tax – A Case Study- Part II

May 4, 2018 2895 Views 0 comment Print

V Swaminathan B.Sc., B.L., FCA PROLOGUE This is intended to serve the purpose of a Supplement to the earlier write-up displayed @ https://taxguru.in/service-tax/deeming-a-legal-fiction-service-tax-a-case-study.html And, therefore, needs to be read and understood accordingly, for an appreciation of the thoughts and viewpoints shared, in proper light. The propositions as stated and canvassed for in the earlier write-up, […]

Import policy of Urad & Moong in split & others forms amended

May 4, 2018 1080 Views 0 comment Print

Import policy of urad and moong in split & others forms under EXIM Codes: 0713 90 10 and 0713 90 90 are also restricted in addition to urad and moong under HS: 0713 31 00 with annual import quota of 3 lIkh MT for all.

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