Pr. CIT Vs M/s. JWC Logistics Park Pvt Ltd (Bombay High Court) HC dismissed the Revenue’s Appeal before it by holding that the Container Freight Station (CFS) run by the respondent – assessee is eligible for deduction under Section 80IA of the Act as an infrastructure facility. FULL TEXT OF THE HIGH COURT ORDER / […]
Expenditure on renovation of building taken on lease had to be treated as capital expenditure in view of Expln. 1 to section 32(1), even if assessee was not owner of such building during the period of occupation.
Reserve Bank of India Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019 (Updated as on August 08, 2022) RBI/2018-19/222 FMRD.DIRD.19/14.03.046/2018-19 June 26, 2019 (Updated as on August 08, 2022) (Updated as on February 10, 2022) To All participants in Rupee interest rate derivatives markets Dear Sir/Madam Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019 Please […]
Former Superintendent of Central Excise & Customs Sentenced In A DA Case The Designated Court, CBI Cases, Ernakulam (Kerala) has convicted Shri T. Gopalakrishnan, former Superintendent of Central Excise & Customs, Cochin U/s 13(2) r/w 13(1)(e) of PC Act and sentenced him to undergo two years Simple Imprisonment with fine of Rs. 26,50,000/- in a […]
The Reserve Bank of India today released the Financial Benchmark Administrators (Reserve Bank) Directions, 2019. These directions shall apply to Financial Benchmark Administrators administering ‘significant benchmarks’ in the markets for financial instruments regulated by the Reserve Bank. The identification of a benchmark as a ‘significant benchmark’ shall be based on use, efficiency and relevance of the […]
The Larger Bench (LB) of Bombay HC rules in favour of Revenue, holds that cash refund u/s 11B of the Central Excise Act, 1944 is not permissible when CENVAT Credit on inputs remains unutilized on account of closure of manufacturing unit or inability to utilize input credit.
It is hereby notified for general information that the organization M/s. Manipal Academy of Higher Education, Manipal,Karnataka (PAN:- AAAJN0078Q) has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), from Assessment year 2015-16 and onwards in the category of ‘University, College or other Institution’, subject to the following conditions, namely:-
Shri C. P. Rao Vs M/s Unicharm India Pvt. Ltd. (NAA) It is revealed that the Central Govt. vide Notification No.19/2018-Central Tax (Rate) dated 26.07.2018 the Government had reduced the rate of GST from 12% to NIL without ITC in respect of Sanitary Napkins with effect from 27.07.2018, the benefit of which was required to […]
As per schedule 1 of CGST Act, any supply between different GST registrations having the same PAN (distinct persons) shall be treated as “supply” even when made without consideration. The said provision reads as follows: Schedule 1: ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION 1… 2… Supply of goods or services […]
In this article we are discussing some important points which will help you in filing of Annual Return under GST Act which are prescribed in following notifications:-
