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Office of The Commissioner of Customs (NS-II) Nhava Sheva Customs, Raigad, Maharashtra- 400 707. No. S/12-Gen–Misc-131/20-21/DBK JNCH Date: 15. 05.2021 Public Notice No. 45/2021 DIN No. 20210578NT0000555B95 Subject: Special Refund and Drawback Disposal Drive from 15.05.2021 to 31.05.2021 – reg. Attention of all exporters, their authorised representatives, trade and Industry associations and other stakeholders is […]
Are you worried about your customers defaulting in payments? Vendors defaulting in fulfilling their terms after you pay advance to them? Are you capturing all relevant details before you deal with any party? Business entities often do not ver0ify the background or creditability of their customers/ vendors before initiating transactions with them. However, they may […]
HSN Reporting Changes I have in this article attempted to explain the changes in HSN Reporting from May 2021 in GSTR 1, as I feel that many members may have questions in respect of same. This is an effort to address and provide answers to select questions for the benefit of all. Table 12- Reporting […]
Messrs Mehta Parikh & Co vs The Commissioner Of Income-Tax, Bombay (Supreme Court of India), Date Of Judgment: 10/05/1956, Equivalent citations: 1956 AIR 554, 1956 SCR 626 Bench: Natwarlal H. Bhagwati | Sudhi Ranjan Das (CJ) | T.L. Venkatarama Aiyyar Income-tax-Income from undisclosed sources-Assessment. Assessee’s explanation based on accounts supported by affidavits Accounts accepted as […]
Practicing advocates exempted from service tax/GST, should not have to face harassment from GST Department The Hon’ble Orissa High Court in Devi Prasad Tripathy v. the Principal Commissioner CGST and Central Excise [W.P.(C) No. 27727 of 2020, dated April 22, 2021] quashed the notice demanding to pay service tax/GST issued to the advocates. Held that, […]
Brief Background Tour Operator (hereinafter referred as Service Provider) provides services to the ultimate consumers (Recipient) through various counterparts such as the Airline companies, local taxi operators, hotel, embassy issuing visas and many other services. The major sources of Income for Tour Operators are: 1. Domestic/ International Hotel Bookings 2. Air Ticket & Commission from […]
The concept of TDS was introduced with an aim to collect tax from the very source of income. Currently there are 36 provisions in the Income Tax Act which require TDS deductions from various payments. There is a recent insertion of section 194Q vide Finance Act 2021. With introduction of Section 194P and 194Q, there […]
In this timeline, SEBI has tried to incorporate various global and internationally acclaimed principles within its regulation which has constantly enhanced the efficiency and integrity in securities market here and catapulted it into a global platform.
Investors are the pillar and skeleton of securities market and their protection is the paramount consideration of SEBI. The rule of Caveat Emptor, ‘Let the Buyer Beware’ is though applicable in business laws, but can’t be applied blindly in capital market scenario since the financial products of investment here are not in form of some […]
Nodal officers for COVID 19 Customs assistance to trade Nodal Officer for all Customs matters: Shri. Gaurav Masaldan, Mob 9810619628, email –masaldan.gaurav@nic.in SL no. Office/City Name Phone number Email Designation Nodal officer from CBIC Board office 1 Ahmedabad Shankesh Mehta 95869 92221 shankhesh.m@gov.in Joint Commissioner Eric C Lallawmpuia, OSD, 88009 04259, uscus4.dor @ gov.in 2 […]
