The advance ruling sought in the application has been examined in detail and found that the issue of Taxation of Rectified Spirit/ Extra Neutral Alcohol (ENA) under GST is one of the agenda points placed before GST council for deliberation in the 20th meeting of the GST council held on 05.08.2017.
The process of Lyophilization, is defined as a freeze-drying process that removes water from a product after it is frozen and placed under a vacuum. It is a low temperature dehydration process which involves freezing the product, lowering pressure, then removing the ice by sublimation.
Agency banks may follow a simple procedure for enrolment/registration of brokers. The broker seeking enrolment/registration may submit the request for registration on their business letterhead together with business data to the agency banks.
Addition under section 68 of share application money received by assessee on the reason that summons issued under section 131 to the directors of the investment company for verification returned unserved was unjustified as assessee had substantiated share capital received by it by furnishing relevant details and no onus was cast on the assessee during relevant assessment year to produce the persons or the books from investment companies.
President of India Inaugurates The Platinum Jubilee Celebrations of The Institute of Chartered Accountants of India; Says GST has Made India a more Tax-Compliant Society The President of India, Shri Ram Nath Kovind, inaugurated the platinum jubilee celebrations of the Institute of Chartered Accountants of India (ICAI) in New Delhi today (July 1, 2018). Speaking […]
Rs 95,610 crore of total gross revenue collected in June 2018 as compared to last month’s revenue of Rs. 94,016 crore Monthly average of GST collection in the last financial year was Rs. 89,885 crore GST revenue collection for June 2018 The total gross revenue collected in the month of June 2018 is Rs 95,610 […]
Government celebrates 1st GST Day; Finance Minister and Industry Stalwarts commemorate the first year of the unprecedented reform of Indian taxation Indirect Tax collections increase by 11.9%; 1.5% increase expected in the Non oil category, post GST roll out: Shri Arun Jaitley Government of India celebrated the 1st GST Day here today. The event saw […]
It has been one year since the country’s switchover to a new indirect taxation system – the Good and Services Tax. One single tax replaced seventeen taxes and multiple cesses imposed by the Central and the State Governments. This had obviously necessitated every assesse to file multiple returns, have an interface with multiple inspectors and […]
Most of us are aware of the tax deductions available for home loan principal and interest payments. However, tax laws for fully-constructed, under-construction, self-occupied and let-out apartments all differ from each other. Knowing the nitty-gritty of these tax laws can help you claim all the deductions you stand eligible for. Here’s a closer look: Home […]
The Chartered Accountant firms doing the concurrent audit of branches may apply for empanelment as forensic auditors. All other terms and conditions will remain unaltered. The last date for submission of application is extended upto 10.07.2018.
