"11 July 2018" Archive - Page 2

Assessment framed by AO on a non-existent company is a nullity

M/s Sony Mobile Communications (India) Private Limited Vs. DCIT (ITAT Delhi)

Assessment framed by AO on a non-existent company is a nullity in the eyes of law and void and the provisions of section 292 B cannot rescue the Income Tax Department: Sony India case...

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GST: Product ‘cryo container’ is classifiable under Heading 9617

In re M/s. Inox India Pvt. Ltd (AAR Gujarat)

In re M/s. Inox India Pvt. Ltd (GST AAR Gujarat) As per the technical specifications of ‘cryo containers’ submitted by the applicant, it has double walls of aluminum, where the inner wall functions as inner vessel and outer wall functions as outer shell; Vacuum and Super insulation between inner vessel and outer vessel provides long [...

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80 Vacancy with MCA for CA, CS and CMA

No3A-45011/15/2018-Admn.1 (11/07/2018)

Ministry proposes to engage a total number of 80 Young Professionals (41 Chartered Accountants/Cost Accountants and 39 Company Secretaries) at different places as indicated at enclosed Annexure....

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Monitoring of shipping bills on which drawback has been claimed

Public Notice No. 108/2018-DGFT (11/07/2018)

Monitoring of realisation of export proceeds which is required to be done online from the RBI-BRC module on shipping bills on which drawback has been claimed & disbursed...

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GSTR 2A: What you must know with FAQs

1. What is Form GSTR-2A? Form GSTR-2A is a system generated ‘draft’ Statement of Inward Supplies for a receiver taxpayer. It is auto-populated from the Form GSTR-1/5, Form GSTR-6 (ISD), Form GSTR-7 (TDS), and Form GSTR-8 (TCS), filed/ submitted/ uploaded by the supplier taxpayer, from whom goods and/or services have been procured or r...

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Posted Under: Income Tax |

25% Depreciation allowable on License to run container trains on Indian Rail Network

M/s Container Corporation of India Ltd. Vs DCIT (ITAT Delhi)

The present appeals have been filed by assessee against the order dated 21.07.2014 of the Ld. Commissioner of Income Tax (Appeals)-VI, New Delhi pertaining to the Assessment Years (A.Y.) 2007-08 and 2008-09 on the  following common grounds....

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Supply between NDDB & State Govt. can’t be treated as supply between ‘related persons’

In re M/s. National Dairy Development Board (GST AAR Gujarat)

It is held The transactions undertaken by NDDB and Unions in accordance with the agreements made by NDDB with State Government of Assam and Jharkhand are not to be considered as supply between ‘related persons’ in accordance with Schedule I of Central Goods and Service Tax Act, 2017 (CGST Act) read with Section 15 of CGST Act and corr...

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Notification No. 61/2018-Customs (N.T.) Dated 11.06.2018

Notification No. 61/ 2018-Customs (N.T.) (11/07/2018)

Notification No. 61/2018-Customs (N.T.) In exercise of the powers conferred by clause (aa) of sub- section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs, hereby makes following further amendments in the notification of the Government of India in the Ministry of Finance (Department ...

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New E-KYC form DIR-3 for Company Director Notified

MCA on Friday notified about the new annual form – DIR-3 KYC and also specified the fee structure for the laid form. MCA on Friday said, In case of Current FY 2018-19, no fee would be Chargeable till August 31, 2018 and fee of Rs.5,000.00 would be payable on or after September 1, 2018....

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Posted Under: Income Tax |

Excise duty not leviable on Contract of Erection and Commissioning of Boiler

S.S. Engineer Vs Commissioner of Central Excise (CESTAT Mumbai)

Brief facts of the case are that the Appellant M/s S.S. Engineers are engaged in the sale of own manufactured goods and also engaged in trading of bought out items which are used in erection, installation and commissioning of Sugar Plant and other goods falling under chapter 84 of the First schedule to the Central Excise Tariff Act, 1985....

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September 2020