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Archive: 31 October 2019

Posts in 31 October 2019

No concession GST Rate benefit on Business purpose work of Government Entities

October 31, 2019 630 Views 0 comment Print

In re GVS Projects Private Limited (GST AAR Andhra Pradesh) 1. Whether APSPDCL & APEPDCL is a Government authority/ Government Entity or not? The Applicant Contractees i.e. APSPDCL and AEPDCL are Government Companies i.e. wholly owned by the Government of Andhra Pradesh. When a copy of Audited Annual Accounts of M/s APSPDCL and APEPDCL are […]

ITC eligible on purchase/fabrication of motor vehicle used for carrying cash & bullion

October 31, 2019 903 Views 0 comment Print

In re CMS Info Systems Ltd (GST AAAR Maharashtra) The Appellate Authority for Advance Ruling hold that Input Tax credit against the GST paid on purchase and fabrication of the motor vehicle used for carrying cash and bullion is available to the appellant. Read AAR Order : GST applicable on Supply of motor vehicles as […]

GST ITC on purchase & fabrication of motor vehicles, used for carrying cash & bullions

October 31, 2019 2757 Views 0 comment Print

AAAR hold that Input Tax Credit against the GST paid on the purchase, and fabrication of the motor vehicles, used for carrying cash and bullions, is available to Appellant.

GST Evasion: HC denies Bail in alleged Turnover under reporting case

October 31, 2019 1587 Views 0 comment Print

Looking to the alleged huge tax evasion by the applicant and the contention of the learned counsel of the respondent and keeping in view that the investigation is going on and apprehensions of applicant tampering with the evidence can not be ruled out. So, this Court is not inclined to grant bail to the applicant at this stage. Hence, the bail application of the applicant is rejected.

Status of several measures announced by FM to boost Economy

October 31, 2019 1131 Views 0 comment Print

The Finance Minister, Smt. Nirmala Sitharaman had announced several short and long-term measures to boost economy on 23.08. 2019, 30.8.2019 and 14.09.2019. Out of these a total number of thirty-two measures were announced on 23.08.2019 to boost the economy. Out of these, thirteen (13) announcements have been fulfilled.

TAR/ ITR Due date extended for J&K & Ladakh to 30th Nov 2019

October 31, 2019 13461 Views 0 comment Print

Extension of due date for filing of Income-tax Returns (ITR)/Tax Audit Reports (TAR) to 30th November, 2019 in respect of Union Territory of Jammu and Kashmir and Union Territory of Ladakh F.No. 225/306/2019-ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, ITA-II Division New Delhi Dated: 31st […]

CBIC notifies jurisdiction of Jammu Commissionerate over UT of J&K & Ladakh

October 31, 2019 1461 Views 0 comment Print

Seeks to amend notification no. 2/2017- Central Tax in order to notify jurisdiction of Jammu Commissionerate over UT of J&K and UT of Ladakh vide Notification No. 51/2019–Central Tax dated: 31st October, 2019.

Govt extends EPF act provisions to establishments of J&K

October 31, 2019 1548 Views 0 comment Print

Central Government hereby extends provisions of Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 to apply to the establishments, employing ten or more persons and covered under the provisions of the erstwhile the Jammu and Kashmir Employees’ Provident Funds and Miscellaneous Provisions Act, 1961. MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 31st October, […]

DGFT amends Conditions for refund of deemed export drawback

October 31, 2019 3891 Views 0 comment Print

Refund of drawback on the inputs used in manufacture and supply under the said category can be claimed on ‘All Industry Rate’ of Duty Drawback Schedule notified by Department of Revenue from time to time provided no CENVAT credit has been availed by supplier of goods on excisable inputs or on ‘Brand  Rate Basis’ upon submission of documents evidencing actual payment of basic custom duties.

Refund of drawback of Duty paid on inputs also allowed on All Industry Rate

October 31, 2019 1092 Views 0 comment Print

Rate of Drawback- Normally, drawback may be allowed as per All Industry Rate fixed by DoR in the Drawback Schedule where no CENVAT credit has been availed by supplier of goods. However, an application in ANF- 7A, along with documents prescribed in ANF-7A & Appendix-7E, may be made to RA or DC concerned, as the case may be, for fixation of brand rate where All Industry Rate of Drawback is not available or same is less than 4/5th of duties actually paid on raw materials or components used in the production or manufacture of the said goods.

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