"25 September 2019" Archive

Aaykar Seva Kendra

Aaykar Seva Kendra (ASK) is A multi-faceted mechanism for achieving excellence in public service delivery reflecting the Service Quality policy of the Income Tax Department....

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Posted Under: Income Tax |

No approval taken from Ministry of law in NCLT member appointment vacancy advertisement

A-44/50/2019-Ad.IV (25/09/2019)

A-44/50/2019-Ad.IV Government of India Ministry of Corporate Affairs 5′ Floor, ‘A’ Wing, Shastri Bhawan Dr. R. P. Road, New Delhi-110001 Date: 25 Sept, 2019 To. Shri Nipun Singhvi, 111-112 University Plaza, Above Chocolate Room, Vinjay Cross Roads, Ahmedabad-380009 Subject- Information sought under the Right to Informati...

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Taxation Laws (Amendment) Ordinance, 2019 – Analysis

The, TAXATION LAWS (AMENDMENT) ORDINANCE, 2019 (hereinafter 'Ordinance'), is an ordinance to further amend the Income-tax Act, 1961 and the Finance (No.2) Act, 2019. Since the parliament is not in session and the President of India is satisfied that circumstances exist which render it necessary for him to take immediate action, this Ordin...

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Posted Under: Income Tax |

Allotment of Securities by Company- Relevant Provisions

Q.1 WHAT ARE THE PROVISIONS OF COMPANIES ACT RELATED TO ALLOTMENT OF SECURITIES? (1) No allotment of any securities of a company offered to the public for subscription shall be made unless the amount stated in the prospectus as the minimum amount has been subscribed and the sums payable on application for the amount so […]...

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Posted Under: Income Tax |

TDS – How to Meet your obligations (Deductor)

WHAT IS TDS/TCS? In case of certain prescribed payments (e. g. Interest, commission, brokerage, rent, etc.) the person making payment is required to deduct tax at source (TDS) at prescribe rate. Payer is known as deductor and the payee, who receives the net payment is called the deductee. TCS is Tax Collected at Source by […]...

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Posted Under: Income Tax |

‘Mango Pulp’ falls under entry No. 453 of Schedule III- 18% GST Payable

In re Universal Import Export (GST AAR Gujarat)

In re Universal Import Export (GST AAR Gujarat) Question 1: At What rate GST payable on supply of MANGO PULP falling under Heading No. 08045040 of the Customs Tariff Act, 1975 and rate of GST? Answer : ‘Mango Pulp’ will fall under the entry No. 453 of Schedule III of the Notification No.01/2017- Central Tax […]...

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Bagasse based Particle Board attracts GST rate of 18%

In re Prayagraj Dyeing & Printing Mills Pvt. Ltd. (GST AAR Gujarat)

Whether Bagasse based Particle Board manufactured with a composition of 75% of bagasse, 25% of wood particles and 5 kgs of resins falls under serial No.92 of Schedule II [GST rate 12%) or under Sr. No. 137A of Schedule III (GST rate 18%) of the Notification No. 01/2017 - Integrated Tax [Rate] dated 28.06.2017?...

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GST on service to Govt related to road construction & irrigation

In re Sumitabha Ray (GST AAR West Bengal)

In re Sumitabha Ray (GST AAR West Bengal) Whether service to Govt relating road construction and irrigation is exempt supply? The Applicant is providing pure service to the State Governments in relation to the projects described in para nos. 3.10 and 3.12 above. The projects involve functions entrusted to a Panchayat or a Municipality und...

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Standalone service of arranging accommodation in a hotel- ITC & Classification

In re Golden Vacations Tours and Travels (GST AAR West Bangel)

In re Golden Vacations Tours and Travels (GST AAR West Bangel) What is the classification of the standalone service of arranging accommodation in a hotel and is input tax credit admissible? The Applicant is admittedly a tour operator. But the question on which the advance ruling is sought is whether it should continue to be […]...

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GST on composite goods used primarily as parts of railway locomotives

In re Kay Pee Equipments Pvt Ltd. (GST AAR West Bengal)

In re Kay Pee Equipments Pvt Ltd. (GST AAR West Bengal) The composite goods manufactured by the Applicant that are used primarily as parts of railway locomotives are to be classified under heading 8607 and taxable @ 5% GST with no refund of the unutilized input tax credit. The same classification will apply to the […]...

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