AD Category -I banks were required to upload the data in respect of number of applications received and the total amount remitted under the Liberalised Remittance Scheme (the Scheme) on Online Return Filing System (ORFS). It has now been decided to collect this information through XBRL system instead of the ORFS.
Understanding the allowability of foreign tax credit under Income Tax Act 1961. Learn how to take credit for taxes paid outside India as a resident Indian.
Appendix 4B is amended and the above registered office address and branch addresses of M/s Diamond India Limited are included in Appendix 4B.
A new option has been provided to the FAG officers in the VDC (Faceless AC/DC) and VDN (Faceless JC/ADC) roles to view details of the Bills of Entry assessed by that FAG. This new option will also assist FAG officers in viewing the details even after assessment/clearance in case any further action like issuance of speaking order etc. is to be taken by them.
Central Government hereby specifies such housing financial companies registered under sub-section (5) of section 29A of the National Housing Bank Act, 1987 (53 of 1987), having assets worth rupees one hundred crore and above, as financial institutions for the purposes of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. […]
Vide notification dated 17.06.2021 Due date for filing Profession Tax Returns on the website of the Maharashtra Goods and Services Tax Department for the Months of March-2021, April-2021 & May-2021 is been extended till 30th June, 2021. FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, Dated the 17th June 2021. NOTIFICATION […]
In re RIICO, Tilak Marg (GST AAAR Rajasthan) Input Tax Credit is not only restricted to the goods and services used for construction of immovable property (whether capitalized or not) but also restricted for those goods and services which are used for re-construction, renovation, additions or alterations or repairs, to the extent of capitalization, to […]
In re Bhopal Dugdh Sangh Sahakari Maryadit (GST AAR Madhya Pradesh) Authority is of the view that based within the meaning of Section 97 of the GST Acts, an application for Advance Ruling can only be made to determine the ‘liability to pay tax’ on any goods or services or both. The Applicant himself accepts […]
In re Dhanraj Organics Private Limited (GST AAR Madhya Pradesh) AAR ruled that Epoxidised Soya bean Oil is rightly classifiable under tariff item 1518 and GST @5% is leviable as the said product is specifically covered under the entry no.90 of Schedule-I of Notification No. 1/2017-Central Tax (Rate) dated 28.07.2017. as amended from time to […]
AAR held that, that mere acceptance of joint custody of goods without rights, privileges of ownership of goods does not amount to supply.
