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Archive: 24 July 2019

Posts in 24 July 2019

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 18, 2024 4695 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 18, 2024 4125 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

Lok Sabha passes Unlawful Activities (Prevention) Amendment Bill, 2019 

July 24, 2019 486 Views 0 comment Print

Lok Sabha passes the Unlawful Activities (Prevention) Amendment Bill, 2019  Individuals engaging in terrorist activities or sympathizing with terrorist would not be spared: Shri Amit Shah A strict law and strong investigation agencies necessary to uproot terrorism from this country 

Finance Minister asks Tax officers to deal firmly with Tax evaders 

July 24, 2019 705 Views 0 comment Print

Finance Minister exhorted Income Tax officers to be prompt in redressing the grievances of the tax payers and to deal firmly with Tax evaders 

Clarifications on Refunds of IGST paid on import in case of risky exporters

July 24, 2019 1053 Views 0 comment Print

Board has received representations wherein various exporters and organisations have raised the issue of repeated opening of export containers for 100% examination related to risky exporters, under the new procedure laid down in Circular 16/2019-Customs dated 17.06.2019. Exporters have taken the plea that their cargo is getting delayed and they have to incur additional costs for carrying out re-packing.

Tax on goods exported earlier for exhibition purpose/consignment & applicability of Notification No. 45/2017-Customs

July 24, 2019 3912 Views 0 comment Print

Representations have been received for clarifying the issue of applicability of Notification no. 45/2017-Customs on the re-import of goods which had been earlier exported either for participation in exhibition or on consignment basis.

Govt. Issues strict direction to deal with fugitive economic offenders

July 24, 2019 390 Views 0 comment Print

Ministry of Home Affairs Govt. Issues strict direction to deal with fugitive economic offenders Posted On: 24 JUL 2019 -PIB Delhi The Government issued directions to deal with wilful bank loan defaulters or fugitive economic  offenders.  For this a Look Out Circular(LOC) can be opened by the Bureau of Immigration in respect of Indian citizens […]

No Service Tax on deputation of employees from a group company in Japan to Appellant in India

July 24, 2019 1689 Views 0 comment Print

Mikuni India Pvt. Limited Vs Commissioner of Central Goods and (CESTAT Delhi) It is not in dispute that the issue involved in this appeal is similar to the issues involved in the appeal that came up for decision before the Division Bench of the Tribunal in M/s India Yamaha Motor Private Limited. The Division Bench […]

Highlights of BEN-2 Form | Significant Beneficial Ownership | Section 90

July 24, 2019 22224 Views 3 comments Print

Highlights of Webinar on BEN-2 by The ICSI ON 12th July and On 20th July. 1. The indirect holding is mandatory for the consideration of significant beneficial owner (SBO). 2. If the SBO is HUF than the karta deemed to hold 100% shares of HUF so karta is treated as SBO and 10% holding is […]

Interest to be levied only on net cash liability of GST

July 24, 2019 2625 Views 0 comment Print

Recently, section 50 of Central goods and services tax act was amended to provide that interest will now be charged on only that portion of the GST liability which is paid by debiting the electronic cash ledger. The present rate of interest on the delayed payment of tax liability is 18% per annum on unpaid […]

All About ESIC and PF with New Rates of ESIC

July 24, 2019 292755 Views 29 comments Print

Applicability of the ESI scheme  The ESI scheme is applicable to all factories and other establishments as defined in the Act with 10 or more persons employed in such establishment and the beneficiaries’ monthly wage does not exceed Rs 21,000 are covered under the scheme. Whether the employer has employed 10 or more employees, all […]

Practical aspects related to SBO ID

July 24, 2019 24024 Views 5 comments Print

What is SBO ID: The SBO id is a 10 digits unique identification number of such person. The rule “ONE ID FOR ONE PERSON” prevails here.

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