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Archive: September, 2018

Posts in September, 2018

Allocation of quantity for export of preferential quota sugar to EU under CXL quota

September 4, 2018 1788 Views 0 comment Print

The quantity of sugar (raw and/or white sugar) to be exported to Ender CXL Quota from 1.10.2018 to 30.09.2019 has been notified vide Public Notice No. 35/2015-2020-DGFT dated 4th September, 2018.

Procedure for export of SCOMET items for display/exhibition/tenders/RFP/RFQ/NIT

September 4, 2018 1251 Views 0 comment Print

Paragraph 2.79 D has been included in the Handbook of Procedures of FTP 2015- 20 to lay down the procedure for export of SCOMET items for display/exhibition/tenders/RFP/ RFQ/NIT purposes vide Public Notice No. 34/2015-20 dated 4th September, 2018.

Procedure for export of SCOMET items for repair/replacement purposes

September 4, 2018 2751 Views 0 comment Print

Paragraph 2.79 C has been included in the Handbook of Procedures of FTP 2015- 20 to lay down the procedure for export of SCOMET items for repair/replacement purposes vide Public Notice No. 33/2015-20, Dated 4 September, 2018.

GST on Job work Charges Related to Beer and supply of beer

September 4, 2018 4428 Views 0 comment Print

Supply of beer per se is not taxable under GST. What is taxable in the subject case is the job work which is a service provided by PIL to the applicant, for which they are receiving consideration.

Remuneration to partners cannot be disallowed if Partnership deed mentions the method of quantification

September 4, 2018 5082 Views 0 comment Print

JRA & Associates Vs ACIT (ITAT Delhi) After perusal of the partnership deed in the assessee’s case it can be seen that the CBDT Circular in Clause 4 has categorically mentioned that even the method of quantification can be accepted as per the provisions of Section 40(b) (v) of the Act. Besides that the Hon’ble […]

GST on e-procurement Transaction Fee collected on behalf of ITE&C department

September 4, 2018 1863 Views 0 comment Print

In re Andhra Pradesh Technology Services Limited (GST AAR Andhra Pradesh) Whether the e-procurement Transaction Fee collected on behalf of IT E&C department results in supply of goods or services or both, within the meaning of Supply as defined law? Reply : It is “Supply” as defined in SGST Act,2017 and CGST Act,2017. Whether the […]

GST on Excavation of Sand & Transportation service

September 4, 2018 30987 Views 0 comment Print

In re M/s. R. Vidyasagar Rao Constructions (GST AAAR Telangana) Broad category of Goods Transport services are classified with a 4-digit Code as Heading 9965. Under the said classification, ‘Land Transport services’ is a sub-classification with 5-digit Code i.e, Group 99651. The said sub-classification is further divided into four categories of services, each with a six-digit Service Code (Tariff). […]

ITAT allows Vacancy Allowance since Assessee couldn’t find Tenant

September 3, 2018 7137 Views 0 comment Print

Shri Sachin R. Tendulkar Vs DCIT (ITAT Mumbai): The assessee had been unable to let out the property for the captioned period, he was entitled to deduction under section 23(1)(c) for vacancy allowance

CIT(A) cannot records Satisfaction about existence of international transaction instead of AO

September 3, 2018 1254 Views 0 comment Print

Shilpa Shetty case: Recording of ‘satisfaction’ about the existence of an international transaction was only within the jurisdiction of the AO and CIT(A) could not substitute his satisfaction for that of the AO.

Incorporation of Company under Companies Act, 2013

September 3, 2018 15576 Views 0 comment Print

Benefits of Starting A Business In The Form of Company It’s easy to transfer ownership by selling shares to another party Shareholders (often family members) can be employed by the company You’ll have access to a wider capital (fund) and skills (experienced professionals) base. Personal asset protection. Limited liabilities Company’s allow owners to separate and […]

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