"05 October 2018" Archive - Page 3

CBIC clarifies on initiation of intelligence based enforcement action

D.O. F.No. CBEC/20/43/01/2017-GST (Pt.) 05/10/2018

Officers of both Central tax and State tax are authorized to initiate intelligence based enforcement action on the entire taxpayer's base irrespective of the administrative assignment of the taxpayer to any authority. The authority which initiates such action is empowered to complete the entire process of investigation, issuance of SCN, a...

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GI Tag for Alphonso from Konkan 

Alphonso from Ratnagiri, Sindhudurg, Palghar, Thane and Raigad districts of  Maharashtra, is registered as Geographical Indication (GI).  A Geographical Indication or a GI is an indication used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. Such a name conveys an ...

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Online registration & filing of budgetary support claims in GST era

Circular No.1067/6/2018-Central Excise 05/10/2018

Online registration and online filing of the claims, by the eligible units for disbursal of budgetary support under Goods and Service Tax Regime, located in States of Jammu & Kashmir, Uttarakhand, Himachal Pradesh and North East including Sikkim. ...

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Family assistance scheme for VAT GST dealers Registered in Rajasthan

No. F.12(112)FD/Tax/2017-Pt.-I-121 05/10/2018

Eligibility criteria for availing Benefits of Family assistance scheme:-i. Dealers/traders who are bonafide residents of Rajasthan, registered-in VAT /GST in Rajasthan and have been carrying on business for at least one yearshall be eligible as beneficiaries for the scheme....

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GST on booking/selling of plots before completion of development work of township

In re Informage Realty Pvt. Ltd. (GST AAR Haryana)

In re Informage Realty Pvt. Ltd. (GST AAR Haryana) 1. Whether GST will be applicable on the booking/selling of plots to be done by The Applicant and Land owners during the development (before completion of the development work of the township) of the township? If GST is applicable then what will be the taxable value […]...

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RBI keeps repo rate unchanged at 6.5% in it’s monetary policy review

Press Release: 2018-2019/795 05/10/2018

1. Press Statement on Fourth Bi-monthly Monetary Policy Statement, 2018-19 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India The Monetary Policy Committee (MPC) in its fourth bi-monthly statement, issued on 05.10.2018, on the basis of an assessment of the current and evolving macroeconomic situation at its meeting to...

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Assessment U/s. 153C invalid if No satisfaction recorded in case of other person, i.e. assessee

PR. Commissioner of income tax delhi-18 Vs M/S. N.S. Software(Firm)(Delhi High Court)

PCIT Vs N.S. Software (Firm) (Delhi High Court) It is now a settled proposition of law that even if AO for the person from whose premises documents were seized is the same as the AO for the person to whom  document belonged, separate satisfaction notes must be recorded. In the instant case, the AO’s note […]...

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Electronic Trading Platforms (Reserve Bank) Directions, 2018

RBI/2018-2019/55 FMRD.FMID.07/14.03.027/2018-19 05/10/2018

RBI hereby issues Electronic Trading Platforms (Reserve Bank) Directions, 2018 to the entities operating Electronic Trading Platforms (ETPs) to transact trade in eligible instruments....

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GST payable on sale of commercial space by & on behalf of MoHUA

In re NBCC (India) Limited (AAR Delhi)

Whether the applicant is liable to pay GST on sale of commercial super built up area on behalf of Ministry of Housing and Urban Affairs, Govt. of India, in the colonies being re-developed at Nauroji Nagar etc. in Delhi...

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Anti dumping duty on Nylon Filament yarn imported from Vietnam & EU

Notification No.50/20 18-Customs (ADD) [G.S.R. 998 (E)] 05/10/2018

GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 50/2018-Customs (ADD) New Delhi, the 5th October, 2018 G.S.R. 998(E). –Whereas, in the matter of ‘Nylon Filament Yarn (Multi Filament) (hereinafter referred to as the subject goods) falling under tariff heading 5402 of the First Schedule to the Customs Ta...

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