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Archive: 19 August 2019

Posts in 19 August 2019

GST on loading and unloading services of yellow peas at port

August 19, 2019 4593 Views 0 comment Print

In re TP Roy Chowdhury & Company Pvt Ltd. (GST AAR West Bangal) Whether service of loading and unloading of yellow peas at the port is exempted supply? The Applicant renders the service of loading, unloading etc. after the cargo of yellow peas, imported from a foreign land, reaches the port of entry. The produce […]

GST on evacuation & disposal of ash from ash pond of thermal power station 

August 19, 2019 9831 Views 0 comment Print

In re Novel Engineering & Technical Works Private Limited (GST AAR West Bangal) Whether evacuation and disposal of ash from ash pond of a thermal power station is an exempted supply? Scrutiny of the work as described in para 2.2 reveals that the work involves earthwork, excavation, sloping and earthmoving services involving making of embankments […]

Whether printing of advertising material is a supply of service?

August 19, 2019 2199 Views 0 comment Print

In re Macro Media Digital Imaging Pvt Ltd. (GST AAR West Bangal) The Applicant prints billboards, building wraps, fleet graphics, window graphics, trade show graphics, office branding, in-store branding, banners, signage graphics etc., commonly known as trade advertising material, classified under heading 4911 of the Tariff Act. The recipient provides on a digital media the […]

Ex-Gratia Payment to prematurely retiring despite absence of Scheme allowable

August 19, 2019 8883 Views 0 comment Print

DCIT Vs Prathamik Shikshak Sahakari Bank Ltd. (ITAT Pune) Brief facts relating to the issue are that the Assessing Officer was of the view that in the absence of any scheme formulated by the assessee bank, the amount paid as ex-gratia to prematurely retiring employees was not to be allowed as deduction. The case of […]

Profit embedded in purchases covered by bogus bills only can be taxed

August 19, 2019 1020 Views 0 comment Print

Tribunal applied the principle of taxing the profit embedded in such purchases covered by the bogus bills, instead of disallowing the entire expenditure.

TRQ quota for import of 30,000 MT of crude soya oil from Paraguay

August 19, 2019 486 Views 0 comment Print

TRQ quota for import of 30,000 MT of crude soya oil from Paraguay under India – Mercosur Trade Agreement is notified vide Public Notice No. 26/2015-2020 dated 19th August, 2019. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade PUBLIC NOTICE No. 26/2015-2020-DGFT NEW DELHI DATED  19th August, […]

Dabur Odomos classifiable under HSN 38089191 & chapter 38 of CTA

August 19, 2019 1881 Views 0 comment Print

In re Dabur India Ltd (GST AAAR Uttar Pradesh) In view of the foregoing discussions and findings we hereby uphold the Ruling in Order No. 25 dated 20-02-2019 of the Authority for advance ruling that ‘Odomos‘ is well covered under chapter 38 of Customs Tariff Act (CTA) and is classified under HSN 38089191. FULL TEXT […]

Exposure Draft of SIA 350, Review and Supervision of Audit Assignments

August 19, 2019 861 Views 0 comment Print

Exposure Draft of Standard on Internal Audit (SIA) 350, Review and Supervision of Audit Assignments (Comments to be received by September 14, 2019) EXPOSURE DRAFT STANDARD ON INTERNAL AUDIT (SIA) 350 REVIEW AND SUPERVISION OF AUDIT ASSIGNMENTS The Internal Audit Standards Board of the Institute of Chartered Accountants of India (ICAI) invites comments on Standard […]

Exposure Draft of SIA 390, Monitoring and Reporting of Prior Audit Issues

August 19, 2019 1278 Views 0 comment Print

Exposure Draft of Standard on Internal Audit (SIA) 390, Monitoring and Reporting of Prior Audit Issues (Comments to be received by September 14, 2019) EXPOSURE DRAFT STANDARD ON INTERNAL AUDIT (SIA) 390 MONITORING AND REPORTING OF PRIOR AUDIT ISSUES The Internal Audit Standards Board of the Institute of Chartered Accountants of India (ICAI) invites comments […]

Exposure Draft of Standard on Internal Audit (SIA) 120, Internal Controls

August 19, 2019 2505 Views 0 comment Print

Exposure Draft of Standard on Internal Audit (SIA) 120, Internal Controls (Comments to be received by September 14, 2019) Exposure Draft of Standard on Internal Audit (SIA) 120, Internal Controls* The Internal Audit Standards Board of the Institute of Chartered Accountants of India (ICAI) invites comments on Standard on Internal Audit (SIA) 120, Internal Controls. […]

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