"December, 2021" Archive - Page 3

Memorandum for Extension of Due Dates for filing of ITRs

It is also pertinent to note that not only the ITR of Companies,  Firms,  Business  Income,  TAR  etc. are  facing  issues  but  also returns of Individuals, HUF and Executor to the Estate are not being able to be filed due to some reason or the other which is also consuming considerable time and effort of the tax professionals....

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Posted Under: Income Tax |

CBIC amends Schedule for Drawback on exports of goods wef 01.01.2022

Notification No. 108/2021- Customs (N.T.), [G.S.R. 929(E)] 31/12/2021

CBIC amends Schedule for Drawback on exports of goods wef 01.01.2022 vide Notification No. 108/2021- Customs (N.T.) | Dated: 31st December, 2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 108/2021- Customs (N.T.) | Dated: 31st December, 2021 G.S.R. 929(E). –In exercise of the powers conferred by sub-section ...

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Tariff Notification No. 107/2120-Customs (N.T.) | Dated: 31.12.2021

Notification No. 107/2021-Customs (N.T.), [S.O. 5496(E)] 31/12/2021

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver vide Notification No. 107/2120-CUSTOMS (N.T.) | Dated: 31st December, 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 107/2120-CUSTOMS (N.T.) | Dated: 31st December, 2021. S.O. 5496(E)...

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AAR rejects application filed by recipient of services

In re U.R. Rao Satellite Centre (GST AAR Karnataka)

In re U.R. Rao Satellite Centre (GST AAR Karnataka) Applicant raised the issue of  Applicability of GST on Insurance premium paid towards launch services and Applicability of MoF Notification No. 09/2017-Integrated Tax (Rate) dated: 28-06-2017. On hearing AAr observed that we observe that M/s. U.R. Rao Satellite Centre, who have filed th...

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AAR cannot accept application if issue is been raised in audit report

In re New Rajamandri Electronics (GST AAR Karnataka)

The issue raised in the instant application and the audit objection raised in the audit report are one and the same i.e., applicability of GST on security deposit. Thus first proviso to Section 98(2) of the CGST Act 2017 is squarely applicable to the instant case, as all the conditions therein are fulfilled....

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AAR cannot answer questions related to Appropriateness of Invoice

In re Madhus Tyre Care (GST AAR Karnataka)

In re Madhus Tyre Care (GST AAR Karnataka) In this Advance ruling assesse asked Whether the tax invoice proposed to be issued by the assesse satisfies section 31 of GST Act?, Whether the tax invoice proposed to be issued by the assesse satisfies Rule 46 of GST Rules? and Whether the total amount (inclusive of […]...

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GST Rate for Composition tax payer manufacturing Sweets &Namkins

In re Chikkaveeranna Sweet Stall (GST AAR Karnataka)

In re Chikkaveeranna Sweet Stall (GST AAR Karnataka) For composition tax payers what is the applicable rate of GST for the manufacturing of sweet and namkins and selling the goods over the counter not having any facility of restaurant or hotel or not a part thereof and not giving for human consumption at the place […]...

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AAR West Bengal allows Withdrawal of application for advance ruling

In re Dwarka Prosad Agarwala (GST AAR West Bengal)

In re Dwarka Prosad Agarwala (GST AAR West Bengal) 1.1 At the outset, we would like to make it clear that the provisions of the Central Goods and Services Tax Act, 2017 (the CGST Act, for short) and the West Bengal Goods and Services Tax Act, 2017 (the WBGST Act, for short) have the same […]...

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GST on milling of food grains into flour for Food & Supplies Department, Govt. of West Bengal

In re Maa Laxmi Enterprise (GST AAR West Bengal)

In the instant case, value of supply shall be the consideration in money and shall also include all the components towards non-cash consideration, as discussed. This composite supply of services by way of milling of food grains into flour (atta) to Food & Supplies Department, Govt. of West Bengal for distribution of such flour under Publi...

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Depositories (Procedure for Holding Inquiry and Imposing Penalties) (Amendment) Rules, 2021

Notification No. G.S.R. 932(E) 31/12/2021

Depositories (Procedure for Holding Inquiry and Imposing Penalties) (Amendment) Rules, 2021 shall come into force on the date of their publication in the Official Gazette....

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