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Archive: 27 December 2018

Posts in 27 December 2018

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 7182 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Transfer and posting of Six Commissioners of Income Tax

December 27, 2018 3090 Views 0 comment Print

Office Order No. 219 of 2018 The following Commissioners of Income Tax are hereby transferred and posted as per the table below, with immediate effect and until further orders:

Reduction in discount doesn’t amount to profiteering

December 27, 2018 1065 Views 3 comments Print

It is also revealed that the reduction in discount doesn’t amount to profiteering as the same was offered from his profit margin by the Respondent and doesn’t not form part of the base price and therefore, the Respondent cannot be held guilty under Section 171 of the Act.

No Profiteering as no change in base rate during Pre & Post GST rate revision

December 27, 2018 681 Views 0 comment Print

State Level Screening Committee on Anti-Profiteering Vs Ahuja Radios (National Anti-Profiteering Authority) The DGAP after scrutiny of the above two invoices issued by the Respondent has intimated that there was no increase in the per unit price (excluding GST) in respect of both the products mentioned in the above invoices. The base Price per unit […]

No profiteering if base price (excluding tax) not increased after GST rate reduction

December 27, 2018 570 Views 0 comment Print

It is apparent from the perusal of the facts of the case that there was no reduction in the rate of tax on the above product w.e.f. 01-07-2017, as could be seen from the table given above. There is also no increase in the per unit base price (excluding tax) of the above product and therefore the allegation of profiteering is not established.

No reduction in rate of GST- Anti-profiteering provisions not attracted

December 27, 2018 516 Views 0 comment Print

Kerala State Level Screening Committee on Anti-Profiteering Vs Janson (National Anti-Profiteering Authority) It is apparent from the perusal of the facts of the case that there was no reduction in the rate of tax on the above product w.e.f. 01-07-2017, hence the anti-profiteering provisions contained in Section 171(1) of the Central Goods and Services Tax […]

Legal obligation imposed on dealer cannot be ignored only because manufacturer controls the prices

December 27, 2018 591 Views 0 comment Print

The legal obligation imposed on deqaler cannot be ignored only because he is not the manufacturer who controls the prices, as he is accountable as a supplier to pass on the benefit of GST rate reduction. T

CBIC notifies Nhava Sheva-IV Commisisonerate as Audit Commissionerate

December 27, 2018 1032 Views 0 comment Print

Notification of Nhava Sheva-IV Commisisonerate as Audit Commissionerate vide Notification No. 100/2018-Customs (N.T.) dated 27th December, 2018

AO has no jurisdiction when reasons for initiation of Reassessment proceedings cease to survive

December 27, 2018 1308 Views 0 comment Print

ITO Vs Aggregate Finance & Investment P. Ltd (ITAT Delhi) Be that as it may, as adverted to supra, the case of the Ld. AO while recording the reasons was that the assessee derived the income as a provider of bogus accommodation entries. However, the addition was made on account of receipt of share application […]

Extension of validity period of Advance Authorisation – reg

December 27, 2018 6117 Views 0 comment Print

Facility of second revalidation of Advance Authorisations for six months has been provided for making imports roportionate to export obligation already fulfilled.]

Advance Authorization applicant can get their authorizations based on ratified norms

December 27, 2018 1896 Views 1 comment Print

All applicants of Advance Authorization are eligible to apply and get their authorizations based on ratified norms (available on DGFT website in form of minutes) on repeat basis.

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