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Conclusion: Since assessee- AOP was a trust formed for the benefit of a sole beneficiary, therefore, applying individual tax rates to assessee-AOP was not a mistake apparent on the face of the record and therefore, it could not be rectified through Section 154.
(1) Customs Circular No, 15/2013 dated 8/4/2013 allows import of two pet animals (dogs and cats only) as baggage only to persons who are transferring their residence to India after two years of continuous stay abroad subject to production of required health certificate from the country of origin and examination of the pets by the […]
Q.1 What is a ‘Restricted Item?Ans. All goods, import of which is permitted only with an Authorisation / Permission / License or in accordance with the procedure prescribed in a notification / public notice are ‘Restricted’ goods.
These Directions shall be called the Reserve Bank of India (Prevention of Market Abuse) Directions, 2019.(2) They shall come into force on March 15, 2019.(3) These Directions shall apply to transactions of all participants in markets for financial instruments but shall exclude transactions executed through the recognized stock exchanges under and in accordance with the regulations of the Securities and Exchange Board of India.
INTRODUCTION Before the notification issued by the Ministry of Corporate Affairs dated 18th December, 2018 to amend the Companies (Incorporation) Rules, 2014, NCLT was handling the cases of Conversion of Public Companies into Private Companies and it was a time consuming process under NCLT Bench. Due to plenty of Insolvency Cases, it was necessary to […]
The assessee should have been put to Notice and a reasonable opportunity should have been given for representing their case. While the same was not done, jumping straight way to coercive measures was certainly uncalled for. Therefore, Interest collected being without authority of Law needs to be refunded along with applicable interest.
We had COMPOSITION scheme for GOODS manufacturer or trader – at 1% . Also we already had COMPOSITION scheme for RESTAURANT SERVICE supplier – at 5%. Now we have , COMPOSITION SCHEME FOR SERVICE PROVIDER OR GOODS + SERVICE PROVIDER – at 6% for First 50 lacs w.e.f. 01-04-2019. Notification No. 2/2019-Central Tax (Rate) To […]
Under section 95 of CGST/SGST Act and section 12 of UTGST Act, ‘Advance Ruling’ means a expert decision provided by the Authority or the Appellate Authority to an petitioner / applicant on the matters or on the questions specified in section 97(2) or 100(1) of CGST/SGST Act as the case may be, with regard to […]
Online facility for obtaining import license for ‘Restricted’ items from 18th March, 2019 (Para 2.50 of Handbook of Procedures, 2015-2020)-regd File No. 01/53/8/AM19/O-5/IC Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Trade Notice No: 49/2015-2020 Dated:15.03.2019 To, All Regional Authorities of DGFT All […]
Director General of Foreign Trade (DGFT) hereby notifies the revised pro-forma (ANF-2M) for submission of online application for obtaining import license for ‘Restricted’ items from 18th March, 2019 onwards.
