"23 June 2019" Archive

Anti-dumping duty on ductile iron pipes import from China extended till 09.10.2019

Notification No. 25/2019-Customs (ADD) (23/06/2019)

Seeks to amend notification No. 23/2013-Customs(ADD), dated the 10th October, 2013 to extend the anti-dumping duty on ductile iron pipes originating in, or exported from China PR till 9th October, 2019 SUBSECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 25/2019-Customs (ADD) New Delhi, the 23rd...

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GST on packaging materials viz. cut to size blanks manufactured with corrugation

In re TCPL Packaging Limited (GST AAR Maharashtra)

In re TCPL Packaging Limited (GST AAR Maharashtra) Question :- Whether the packaging materials viz. cut to size blanks manufactured by TCPL with corrugation and having requisite creases at designated places, supplied to the Customers in flat form with folding, can be categorized under Tariff Item Code no 4819 and subject to GST @ 12%? [&h...

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Valuation of goods for supply by one distinct entity (factory/depot) to other

In re Kansai Nerolac Paints Limited (GST AAR Maharashtra)

In re Kansai Nerolac Paints Limited (GST AAR Maharashtra) Question: Whether value of supply of goods by one distinct entity (Factory/depot) as defined under sec 25(4) of the CGST Act 2017 as amended to another distinct entity (Factory/depot) can be determined on the basis of our cost of production. Our cost of production depends mainly [&...

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GST on Main Propulsion engine for ships, Marine Gear box, Marine generator

In re C S Diesel Engineering Private Limited (GST AAR Maharashtra)

In re C S Diesel Engineering Private Limited (GST AAR Maharashtra) Question :- 1) Please confirm that Main Propulsion engine for ships falling under HSN code 8408 1093, Marine Gear box falling under heading 8483 and marine generator falling under 8502 1100 and Marine engine for other applications like pumps falling under sub-heading 8408 ...

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DPT-3 (One Time Return & Annual Return)- FAQs

The Ministry of Corporate Affair vide its notification dated January 22, 2019 had directed to all the Company, except government company, to file: – a one-time return in e-Form DPT-3, by furnishing the details of all outstanding receipt of money or loan taken from April 01, 2014 to March 31, 2019, which is not considered […]...

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GST on Printing and Post Pre-examination Items

In re Orient Press Limited (GST AAR Maharashtra)

In re Orient Press Limited (GST AAR Maharashtra) Questions:- 1. Whether supply of service of : (i) Printing of Pre-examination items like question papers, OMR sheets (Optical Mark Reading), answer booklets; (ii) Printing of Post-examination items like marks card, grade card, certificates to the educational boards of up to higher secondary...

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GST on Various Services provided by Ordnance Factory Bhandara

In re General Manager Ordnance Factory Bhandara (GST AAR Maharastra)

1) Being a part of the Ministry of Defence, Government of India, whether they are liable to pay GST Advance on the following supply of services: a) Liquidated damages deducted from the payments to be made to required suppliers in case of delayed delivery of goods or services. b) Amount of Security deposit forfeited of suppliers due ...

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Hassle Free filing of your Income Tax Return – How ?

Hassle Free filing of your Income Tax Return – How ? This article is for those who have :- • Income from Salary • Income from House Property • Interest Income (FDR, Bank Interest) • Income from Capital Gain from sale of shares and or redemption of Mutual Fund units Approximately one month is pending […]...

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Posted Under: Custom Duty |

Section 44AE of The Income Tax Act, 1961

Section 44AE of The Income Tax Act, 1961 Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages This section applies specifically on assessees carrying on business of plying, hiring or leasing good carriages. This section states that if an assessee is carrying on the above mentioned busi...

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Posted Under: Custom Duty |

Form 26AS: Easiest way of recalling TDS during the year

With the due date of income tax return filing approaching soon, the taxpayers have started collecting the necessary documents and information. If you are providing professional services, your clients must have deducted TDS at the rate of 10 per cent while paying you. Similarly, the employers also deduct TDS every month while paying salari...

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Posted Under: Custom Duty |