Reference is invited to Notification No. 4 dated 25.4.2018 amending the import policy of Peas under Exim Code 07131000, Chapter 7 of the ITC (HS) 2017 from ‘Free’ to ‘Restricted’.
Assam joined the list of States that have rolled out the e-way bill system for intra-State movement of goods on 16th May, 2018. Rajasthan would be doing the same on 20th May, 2018 thereby taking the number of States / Union Territories that would have rolled out the e-way bill for intra-State movement of goods to twenty. Further, as you all know intra-State movement of goods would be implemented throughout the country by 3rd June, 2018.
Council has decided to enforce e-way bill for intra-State movement of goods from 1st June, 2018 in Goa. No E-Way Bill is required to be generated for intra-State movement of all goods within Goa, except for intra-State movement of following 22 goods of consignment value exceeding fifty thousand rupees.
ACIT Vs Gowthami Chemicals & Pesticides (P) Ltd. (ITAT Visakhapatnam) In this case, the assessee has furnished the confirmation letters explaining the identity of the shareholder, address and sources of income of the contributor to the share capital along with the evidence for land holdings and copies of IT returns in 4 cases before the […]
e-way bill shall be required to be generated where movement of goods commences and terminates within Union Territory of Daman and Diu WEF 25th May 2018
e-way bill shall be required to be generated where movement of goods commences and terminates within Union Territory of Dadra and Nagar Haveli WEF 25th May 2018
e-way bill shall be required to be generated where movement of goods commences and terminates within Union Territory of Chandigarh WEF 25th May 2018
Instructions for filling out FORM ITR-5 for Financial Year (FY) 2017-18 / Assessment Year (AY) 2018-19 These instructions are guidelines for filling the particulars in this Return Form. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income-tax Rules, 1962. 1. Assessment Year for which Income Tax […]
Since assessee had made purchase from the grey market which gives the assessee savings on account of non-payment of tax and others at the expense of the exchequer, and when sales were also not doubted, in such situation, in the facts and circumstances of the case, 12.5% dis allowance out of the bogus purchases meets the end of justice.
Condonation of Delay Scheme (CODS) was seen as a huge relief to the disqualified directors by regularizing the violations and get away with the disqualification. However, because of the ambiguities of the procedure it was not felt breathable. There are also some difficulties and doubts in the corporate world regarding the filing requirements under the […]
