"08 October 2018" Archive

GST Appellate Authority for Advance Ruling in Union territories

Notification No. 15/2018-Union territory Tax [G.S.R. 1005(E)] (08/10/2018)

Central Government, hereby, notifies the Constitution of the Appellate Authority for Advance Ruling in the Union territories vide Notification No. 15/2018-Union territory Tax Dated: 8th October, 2018....

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CBIC Constitutes GST Authority for Advance Ruling in Union territories

Notification No. 14/2018-Union territory Tax [G.S.R. 1004(E)] (08/10/2018)

Central Government, hereby, notifies the Constitution of the Authority for Advance Ruling in the Union territories vide Notification No. 14/2018-Union territory Tax Dated: 8th October, 2018....

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CBDT extends Tax Audit Due Date to 31st Oct, 2018

F.No. 225/358/2018/ITA.II (08/10/2018)

CBDT further extends due date for filing of Income Tax Returns & Tax audit reports from 15th Oct,2018 to 31st Oct, 2018 for all assessees liable to file ITRs for AY 2018-19 by 30.09.2018, after considering representations from stakeholders. Liability to pay interest u/s 234A of IT Act will remain.   The due date for […]...

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Impact of Increase In Non-Performing Assets In Bank– Comparative Analysis of Public Sector And Private Sector Banks In India

The banking system plays a vital role in the finance sector. Without the sound and efficient system of the bank will lead to a healthy economy. The Narasimhan committee introduced the concept of non- performing assets. And it is the best way for judging the status of the bank. ...

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AAR cannot decide applicability of GST Type as same relates to place of supply

In re Kandla Port Trust (GST AAR Gujarat)

In re Kandla Port Trust (GST AAR Gujarat) The applicant has raised the question for advance ruling ‘whether IGST is applicable to port related services provided to out of the state registered dealer or CGST and SGST would apply ? Place of supply of services of the applicant is required to be determined in order […]...

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Sovereign Gold Bond Scheme 2018-19, Operational Guidelines

Notification No. RBI/2018-19/58 IDMD.CDD.No.822/14.04.050/2018-19 (08/10/2018)

RBI/2018-19/58 IDMD.CDD.No.822/14.04.050/2018-19 October 08, 2018 The Chairman & Managing Director All Scheduled Commercial Banks (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India ltd.(SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bond Scheme 2018...

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Punjab GST: E-Way Bill Limit of Rs. 1 lac reduced to 50k for few goods

No. GST-I-2018/2-State (08/10/2018)

e-way bill shall be required to be generated for intra-state movement of goods mentioned in the Schedule to below notification in the State of Punjab from 8th October, 2018 where the value of goods exceeds Rs.50,000/- DEPARTMENT OF EXCISE AND TAXATION Bhupindra Road, Patiala, Punjab NOTIFICATION The 8th October, 2018 No. GST-I-2018/2-Stat...

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HC rejects bail application in fraudulent availment of ITC case

Ranjeet @ Ranjeet Singh Vs Union of India (Allahabad High Court)

Ranjeet @ Ranjeet Singh Vs Union of India (Allahabad High Court) Supplementary counter affidavit filed by the learned counsel for the complainant today in the Court is taken on record. Heard Sri Satya Dheer Singh Jadaun, learned counsel for the applicant and Sri B.K.Singh Raghuvanshi, learned counsel for the complainant and Sri Abhinav P...

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GST Confiscation proceedings with notice to driver of Vehicle is valid: HC

Jaspal Singh Vs Assistant Commissioner of State Tax (Calcutta High Court)

It appears that, the petitioner as the owner was well aware of the confiscation proceedings. At such proceedings, the petitioner did not appear either before the adjudicating authority or the appellate authority or before the Writ Court claiming that, the proceedings stand vitiated by lack of notice to the petitioner. The driver of the ve...

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e-seals merit classification under Heading 8309: CBIC

Instruction No. 16/2018 - Customs (08/10/2018)

Electronic seals are seals only but with electronic add on (RFID) to detect security breach. Therefore, e-seals merit classification under the Heading 8309 which covers- Stoppers, caps and lids (including crown corks, screw caps and pouring stoppers), capsules for bottles, threaded bungs, bung covers, seals and other packing accessories, ...

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