"09 October 2018" Archive

IGST refunds cannot be claimed after claiming drawback

F.No. 450/119/2017-Cus IV (09/10/2018)

It has been noted that exporters had availed the option to take drawback at higher rate in place of IGST refund out of their own volition. Considering the fact that exporters have made aforesaid declaration while claiming the higher rate of drawback, it has been decided that it would not be justified allowing exporters to avail IGST refun...

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ICAI: List of Valid Nominations for Central and Regional Council

List of Valid Nomination of candidates for election to the Twenty Fourth Council and Twenty Third Regional Councils has been sent to each candidate whose nomination has been accepted by the Panel of Scrutiny vide letter dated 9th October, 2018...

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Posted Under: Custom Duty |

Eligible Foreign Entities can participate in commodity derivatives market

SEBI/HO/CDMRD/DMP/CIR/P/2018/134 (09/10/2018)

It has been decided to permit foreign entities having actual exposure to Indian commodity markets, to participate in the commodity derivative segment of recognized stock exchanges for hedging their exposure. ...

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Transfer/Posting in Pr. Commissioner / Commissioners of Customs, GST & Central Excise Grade

Office Order No. 148/2018 (09/10/2018)

OFFICE. ORDER NO. 148/2018 With the approval of the competent authority. the following transfers and postings in the grades of Pr. Commissioner/Commissioner of Customs. GST and Central Excise are hereby ordered with immediate effect and until further order....

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Transfer/Posting (Local Change) of 116 officers in CIT grade

Office Order No. 169 of 2018 (09/10/2018)

Office Order No. 169 of 2018 The following transfers/postings (Local Change) in the grade of Commissioners of Income-tax are hereby ordered, with immediate effect and until further orders:...

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Extension of Ad-hoc appointments of 156 ACIT for year 2014-15

Office Order No. 168 of 2018 (09/10/2018)

Office Order No. 168 of 2018 – Extension of Ad-hoc appointments of the Assistant Commissioner of Income Tax (ACIT) for the vacancy year 2014-15 – reg. F.No. A-32013/1/2016-Ad.VI(Part-II) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi. Office Order No. 168 of...

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Order No. 166/2018: Transfer/Posting of 69 officers in CIT grade

Office Order No. 166 of 2018 (09/10/2018)

Office Order No. 166 of 2018- Following CIT are hereby transferred and posted as per the table below, with immediate effect and until further orders:...

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Kerala HC directs CBDT to consider representation for Further Extension of Tax Audit Due Date

S.K. Sunilkumar & All Kerala Chartered Accountants Association Vs CBDT & UOI (Kerala High Court)

Petitioner highlighted the difficulties faced by them in filing returns before the last date because of the recent flood ravage in Kerala State. So they wanted the last date for the filing of returns extended to 31.12.2018. The Department has, however, extended the period till 15.10.2018. Reckoning that period to be inadequate, the petiti...

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Blockchain Technology

CA. Ankit Danawala Toolkit for future Finance Professionals, Accountants and Auditors “We stand on the brink of a technological revolution that will fundamentally alter the way we live, work and relate to one another. In its scale, scope and complexity, the transformation will be unlike anything humankind has experienced before.” – ...

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Posted Under: Custom Duty |

CPC advisory on applicability of Tax Audit to business and profession

Dear Taxpayer, As per the section 44AB of Income Tax Act, the books of accounts for the relevant previous year are required to be audited by a Chartered Accountant and the audit report has to be electronically filed prior to or along with the return of income before the due date. In order to assist to […]...

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Posted Under: Custom Duty | ,