"01 February 2019" Archive - Page 3

Amendment to Section 40(a)(ia) has Retrospective Effect

Perfect Circle India Pvt Ltd Vs Pr. Commissioner of Income Tax (Bombay High Court)

Perfect Circle India Pvt Ltd Vs Pr. CIT (Bombay High Court) The Revenue would content that the benefit of this proviso would be available to the assessee only prospectively w.e.f. 1.4.2013. Various Courts, however, have seen this proviso as beneficial to the assessee and curative in nature. The leading judgment on this point was of [&hell...

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Extension of due date for furnishing FORM GSTR-8 (TCS Return)

Order No. 02/2019-Central Tax [S.O. 634(E)] 01/02/2019

CGST (Second Removal of Difficulties) Order, 2019- Due date for the statement under section 52(4) October, November and December 2018 extended from 31st January, 2019 to 7th February, 2019 Extension of due date for furnishing of FORM GSTR-8 (TCS Return by e-commerce operators) for Oct to Dec 2018 till 07.02.2019 vide ORDER No. 02/2019-Ce...

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CBIC order on determining eligibility for GST composition scheme

Order No. 01/2019-Central Tax [S.O. 635(E)] 01/02/2019

It is hereby clarified that the value of supply of exempt services by way of extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount, shall not be taken into account – (i) for determining the eligibility for composition scheme under second proviso to sub-section (1) of section 1...

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Procedure for clearance of Export LCL Cargo categorized as Hazardous Goods

Public Notice No. 10/2019-JNCH 01/02/2019

A doubt has been raised that whether the said procedure is applicable to LCL cargo or not. The issue has been examined. It is clarified that the procedure outlined in Public Notice No. 46/2017, dated 31.03.2017 is applicable to containerized cargo as well as LCL cargo....

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CBIC Rescinds Circular No. 46/2017-Customs dated 24.11.2017

Circular No. 04/2019-Customs 01/02/2019

Circular No. 46/2017-Customs dated 24thNovember, 2017 stands rescinded on the date of supersession by Circular No. 03/01/2018-IGST dated 25th May, 2018 i.e. w.e.f. 01 st April, 2018....

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2nd Corrigendum to Income Tax Circular No. 1/2019 dated 01.01.2019

F.No. 275/192/2018-IT (B) 01/02/2019

The undersigned is directed to refer to Circular No. 1/2019 dated 1st January, 2019 bearing file of even number on the above mentioned subject and to state that in para 5.5.12 on page 42 dealing with Section 8oTTB, the phrase in bracket i.e (not being time deposits) stands deleted....

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Notification No. 04/2019-Customs (N.T./CAA/DRI) Dated: 01.02.2019

Notification No. 04/2019-Customs (N.T./CAA/DRI) [S.O. 633(E).] 01/02/2019

Notification No. 4/2019-Customs (N.T./CAA/DRI) Principal Director General, Revenue Intelligence, hereby appoints officers mentioned in column (5) of the Table below to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on officers mentioned in column (4) of the said Table in respect...

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CBIC rescinds Circular No. 03/01/2019-IGST dated 25th May, 2018

Circular No. 04/01/2019-GST 01/02/2019

Circular No. 03/01/2019-IGST dated 25th May, 2018 is hereby rescinded. It is requested that suitable trade notices may be issued to publicize the contents of this circular....

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CBIC amends 5 GST Circular due to amendment in CGST Act wef 01.02.2019

Circular No. 88/07/2019-GST 01/02/2019

Consequent to the GST Amendment Acts, the following circulars issued earlier under the CGST Act, 2017 are hereby amended with effect from 01.02.2019, to the extent detailed in the succeeding paragraphs....

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UTGST (Removal of Difficulties) Order, 2019 on composition Scheme

Order No. 01/2019-Union Territory Tax (S.O. 636(E).) 01/02/2019

This Order may be called the Union Territory Goods and Services Tax (Removal of Difficulties) Order, 2019. For the removal of difficulties, it is hereby clarified that the value of supply of exempt services by way of extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount, shall n...

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