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Archive: 16 February 2019

Posts in 16 February 2019

Free YouTube Live on The global landscape –  from market’s to trade

May 24, 2024 1122 Views 0 comment Print

Join us for an insightful and dynamic YouTube Live session on “The global landscape –  from market’s to trade.” with renowned financial analyst Ankit Baid, MBA Finance. The presentation explores shifting of the global economic landscape, focusing on the decline of US dominance and the rise of China. It examines the potential decrease in global […]

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

May 15, 2024 7677 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.

Ready to cook popcorn classifiable under HSN code 20081990: AAR

February 16, 2019 11895 Views 0 comment Print

What will be the correct HSN code and consequently rate of GST applicable on ‘Ready to cook popcorn premix i.e. Popcorn Maize with edible oil and salt’, sold in retail pack size ranging from 30 grams to 350 grams.

Reverse Charge Mechanism amendments effective from 01.02.2019

February 16, 2019 124860 Views 13 comments Print

The provisions of section 9 (4) of the CGST Act, 2017 deals with the applicability of reverse charge mechanism, wherein, the goods or services or both is being procured by the registered person from the unregistered person.

Reg. amendment in notification related to AIRs of Duty Drawback

February 16, 2019 1716 Views 0 comment Print

Regarding amendment in notification No. 95/2018-Cus (N.T.) dated 06.12.2018 relating to AIRs of Duty Drawback MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 12/2019-CUSTOMS (N.T.) New Delhi, the 16th February, 2019 G.S.R. 122(E).—In exercise of the powers conferred by sub-section (2) of section 75 of the Customs Act, 1962 (52 of 1962) and sub-section (2) of […]

Filing regarding amount dues to MSME- Things to Know

February 16, 2019 6189 Views 1 comment Print

THE MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006 This act was enacted for facilitating the promotion and development and enhancing the competitiveness of micro, small and medium enterprises and for matters connected therewith or incidental thereto. This act came into force on 16th June 2006. Under this act Enterprises are classified as under on […]

No stipulation in amended section 80A(5) restricting assessee from revising deduction

February 16, 2019 5832 Views 0 comment Print

Amended 80A (5) could not be read as a stipulation barring and restricting the assessee from revising the computation/claim for deduction made in accordance with Section 80A (5).

Valuation Reports : henceforth only from Registered Valuers from IBBI

February 16, 2019 71076 Views 6 comments Print

Registered Valuer & Insolvency Professional The concept of Registered Valuers was brought by section 247 of The Companies Act, 2013  to regulate the practice of Valuation in India and to standardize the valuation in line with International standards. However the valuer’s qualification, experience, manner and process was mentioned “as may be prescribed”. Hence it was […]

Gain on shares held for more than 12 months is long-term capital gain

February 16, 2019 2424 Views 0 comment Print

PCIT Vs Hardik Bharat Patel (Bombay High Court) CBDT Circular No. 6 of 2016 dated 29.2.2016 with regard to the issue of taxability of surplus on sale of shares and securities, – whether as capital gain or business income in case of long term holdings of shares and securities i.e in excess of 12 months. […]

ICAI withdraws Clarification on Rotation of Auditors under Companies Act, 2013

February 16, 2019 6288 Views 0 comment Print

Section 139 of the Companies Act 2013 where the company ceases to fall under the ambit of Rotation principles in subsequent years.-(15-02-2019) ANNOUNCEMENT Withdrawal of the Announcement regarding Clarification on Applicability of Rotation principles on a company as per Section 139 of the Companies Act 2013 where the company ceases to fall under the ambit […]

India Imposes 200% Duty on Import from Pakistan

February 16, 2019 8295 Views 0 comment Print

Govt. imposes 200 % Custom Duty on All goods originating in or exported from the Islamic Republic of Pakistan or Imported from Pakistan vide Notification No. 05/2019-Customs Dated: 16th February, 2019. seeks to insert tariff item 9806 00 00 in chapter 98 of the First schedule to Customs tariff act, 1975 to impose basic customs […]

Customs Brokers’ Examination- Guidelines For Candidates

February 16, 2019 2916 Views 1 comment Print

Customs Brokers’ Examination GUIDELINES FOR THE CANDIDATES (Please refer Regulation 6 of Customs Brokers Licensing Regulations, 2018) A. Admit Card and Mock Test: A dummy Question paper for the purpose of awareness of candidates will be made available on the CBIC and NACIN websites under the icon/tab <GSTP/CBLR Exam>. A link to download the admit […]

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