Follow Us :

Archive: 07 December 2018

Posts in 07 December 2018

Non reduction of Chocolate price after GST Rate reduction is Profiteering: NAA

December 7, 2018 4926 Views 0 comment Print

Respondent had not reduced the prices of 2 products viz. the Nestle Munch Nuts 32 Gm. Chocolate and the Cadbury Dairy Milk Chocolate (here-in-after referred to as the products) and had thus not passed on the benefit of such rate reduction

Manual filing & processing of AEO T1 applications up to 31.03.2019

December 7, 2018 1350 Views 0 comment Print

For ensuring seamless transition to the online web-application, it has been decided to concurrently continue with the manual filing and processing of AEO T1 applications up to 31.03.2019.

Discount cannot be treated as bogus merely because some parties denied it

December 7, 2018 624 Views 0 comment Print

Mondal Construction Co. Ltd. Vs ACIT (ITAT Kolkata) We note that assessee had debited a sum of Rs.10,99,907/-in the profit & loss account on account of discount on sale of flat. However, the Assessing Officer disallowed the said discount stating that some of the parties to whom the discount had been given, had informed that […]

ITAT allows Finance Charges paid to NBFCs without TDS deduction as NBFCs included the same in their Income

December 7, 2018 8637 Views 0 comment Print

ACIT Vs Smt. Champa Nandi (ITAT Kolkata) The Income Tax Appellate Tribunal ( ITAT ), Kolkata has held that the finance charges to Non-Banking Financial Companies (NBFCs) are not subject to Tax Deduction at Source ( TDS ) under the provisions of section 194A of the Income Tax Act. The assessee has debited in his […]

HC admits appeal on last date to avail ITC for July, 2017 to March, 2018

December 7, 2018 7971 Views 0 comment Print

AAP And Co., Chartered Accounts Vs. Union of India (Gujarat High Court) Press release for Form GST-3B changing last date for credit challenged: Gujarat High Court issues notice to Centre, GST Council and State Petitioner chartered accountant firm “AAP & Co.” challenged the Press release dated 18.10.2018 to the extent that the last date for […]

Format of Disclosure of significant beneficial ownership in shareholding pattern

December 7, 2018 5841 Views 0 comment Print

Securities and Exchange Board of India CIRCULAR SEBI/HO/CFD/CMD1/CIR/P/2018/0000000149 December 7, 2018 To All Listed entities All the Recognised stock exchanges All the Depositories Dear Sir/Madam, Sub: Disclosure of significant beneficial ownership in the shareholding pattern 1. Vide SEBI Circular No. CIR/CFD/CMD/13/2015 dated November 30, 2015, a format has been prescribed for disclosure of holding of […]

Chairman CBIC’s weekly newsletter dated 07.12.2018

December 7, 2018 585 Views 0 comment Print

I am sure these Probationers will diligently shoulder their responsibilities as IRS officers at a time when Indian Customs has made a distinct mark in trade facilitation and ease of doing business and when GST implementation is in the

Cyber Security and Resilience framework of Stock Exchanges, Clearing Corporations & Depositories

December 7, 2018 1272 Views 0 comment Print

Recognizing the need for a robust Cyber Security and Cyber Resilience framework at Market Infrastructure Institutions (MIIs), i.e., Stock Exchanges, Clearing Corporations and Depositories, vide SEBI Circular CIR/MRD/DP/13/2015 dated July 06, 2015, a detailed regulatory framework on cyber security and cyber resilience was prescribed.

Notification No. 97/2018- Customs (N.T.) Dated 07th December, 2018

December 7, 2018 531 Views 0 comment Print

Amendment to Notification no. 62/94-Customs (N.T.) dated 21.11.1994 notifying Port Meadow u/s 7(a) of Customs Act, 1962 for unloading of imported goods and loading of export goods or any class of goods. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 97/2018- Customs (N.T.) New Delhi, the 07th December, 2018. S.O. (E). – In […]

Service Tax Payable on Sale / Registration of post /pre paid SIM

December 7, 2018 603 Views 0 comment Print

Bharat Sanchar Nigam Ltd. Vs CCE, Bhopal (CESTAT Delhi) The sales tax authorities have themselves conceded the position before the High Court that no assessment of sales tax would be made on the sale value of the SIM Card supplied by the appellant to their customers irrespective of the fact whether they have filed returns […]

Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031