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Archive: 07 January 2019

Posts in 07 January 2019

Re-Constitution of Steering Committee of National Foundation for CSR

January 7, 2019 927 Views 0 comment Print

Pursuant to the approval of Hon’ble Minister of Corporate Affairs, a restructured Steering Committee of National Foundation for Corporate Social Responsibility (NFCSR) is hereby constituted to prepare a roadmap, oversee the functioning and steer the activities of NFCSR for providing policy inputs and policy advocacy in the area of Corporate Social Responsibility (CSR).

Procedure to obtain permission / NoC for export of fertilizers

January 7, 2019 18033 Views 2 comments Print

Procedure to obtain permission / NoC of the Department of Fertilizers for export of fertilizers specified under Chapter 31 of ITC(HS) Classificat of Export and Import Items 2018 has been prescribed.

DGFT amends Export Policy of Fertilizers

January 7, 2019 5271 Views 1 comment Print

Export Policy of Fertilizers have been revised and items under ‘Restricted’ category moved to ‘ Free’ category subject to prior permission / No Objection Certificate (NOC) to be obtained by the manufacturers /exporters from the Department of Fertilizers, and compliance of other laid down conditions.

File your FORM GSTR 1/3B/4 on GST Portal without late fee

January 7, 2019 12525 Views 5 comments Print

File your FORM GSTR 1/3B/4 on GST Portal without late fee, during the period 22.12.2018 to 31.03.2019 It is to inform you that, late fee payable on filing of Form GSTR 1, Form GSTR 3B & Form GSTR 4, pertaining to the tax period from July 2017 to September 2018, if filed between the period […]

Enforceability of Section 153A/ Section 153C –An Analysis

January 7, 2019 117561 Views 4 comments Print

Section 153 A of the Income-tax Act, 1961 provides for the scheme of assessment of income in case of a searched person. In terms of the said section, the Assessing Officer can frame assessment of a searched person for six assessment years immediately preceding the year of search. One of such facet is whether while […]

Contempt jurisdiction is jurisdiction of necessity and inheres in every court of record

January 7, 2019 5115 Views 0 comment Print

M/s Lanco Amarkantak Power Ltd. Vs A.P. Panda, Chairman-cum-Managing Director (Chhattisgarh High Court) it is quite vivid that this Court while granting the appeal under Section 37(1)(b) of the Act of 1996 preferred by the petitioner not only set aside the order passed by the learned District Judge setting aside the award and restoring the […]

Tendu Leaves, Not A Minor Forest Produce, Vat Payable @25%

January 7, 2019 1890 Views 0 comment Print

Tendu leaves has separate entry, wherein, VAT is payable @25% and the same cannot be clubbed in general entry ‘minor forest produce’ for availment of reduced rate exemption notification.

Service Tax Audit! Audit Me! Audit Me Not!

January 7, 2019 34653 Views 2 comments Print

Service Tax is dead but still the undying ghost of Service Tax Audit approaching the pillars and posts of the assessee, department and the professionals. The department is trying its best to salvage their ground and right of an audit till June 2017 setting aside the numerous judgements against their moves. The department still making […]

डेढ़ करोड़ टर्नओवर वालों को बड़ी राहत देने की अनुशंसा

January 7, 2019 3039 Views 0 comment Print

छोटे उद्योगों से जुड़े मंत्री समूह की बैठक के बाद उपमुख्यमंत्री सुशील कुमार मोदी ने बताया कि अब डेढ़ करोड़ तक वार्षिक टर्नओवर वाले व्यापारियों को भी कम्पोजिशन स्कीम का लाभ देने की अनुशंसा की गई है जिसके तहत वे मात्र 1 प्रतिशत जीएसटी का भुगतान करने के साथ त्रैमासिक के बजाय वार्षिक व्यय विवरणी दाखिल कर सकेंगे।

Benefits of the Aadhaar – where it stands today

January 7, 2019 3036 Views 0 comment Print

The idea of having a Unique Identity Number (UID) for every citizen of India was conceived by Shri Nandan Nilekani during the UPA Government. Unquestionably, the credit goes to him for conceiving, initiating and implementing the idea. Aadhaar, however, was non-statutory.

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