The Tribunal considered the merits and once again, at great length. The particular argument revolving around the statement of Dilip Dherai and his answer to question No. 24 was also considered in paragraph 21 of the impugned order. Then, in paragraph 22, the Tribunal refers to the additions made under Section 69C.
Though imposition of Minimum Alternative Tax (MAT) in 2011 slowed down growth of special economic zones (SEZs), but implementation of Goods and Service Tax (GST) provides wonderful opportunity for making investments in Indian SEZs, a top Commerce Ministry official said at an ASSOCHAM event held in New Delhi today.
The Central Government may, by order, authorise the Reserve Bank to issue directions to any banking company or banking companies to initiate insolvency resolution process in respect of a default, under the provisions of the Insolvency and Bankruptcy Code, 2016.
Consequent upon the declaration of Heads of Departments in the field formations of CBEC in GST regime vide sanction letter No. A-11013/24/2017-Ad.IV dated 12.06.2017, issued by Deptt. of Revenue (C.B.E.C), changes have happened in the DDO set up which has required to make fresh mapping of DDOs and PAOs.
Stakeholders have drawn attention of this Ministry to the serial no. 5 of notification No. G.S.R. 583(E) dated 13th June, 2017 which states that requirements of reporting under section 143(3)(i) of the Companies Act, 2013 shall not apply to certain private companies as mentioned therein and have sought clarification w.r.t. the financial year(s) in respect of which the said exemption shall be applicable.
Dr Jitendra Singh appreciated the role played by ICC in collaborating to hold the GST awareness programmes. He said that the Northeast, along with certain other States, is bound to be a huge beneficiary of the GST.
A Case Study on the birth of the Goods and Services Tax (GST) in India – The GST Saga: A Story of Extraordinary National Ambition was released here today by the Union Finance Minister, Shri Arun Jaitley in his office in North Block in the national capital.
Under the GST regime the applicable tax rate on economy class passenger tickets has been reduced from 6% to 5% (non-creditable for goods), while the tax rate on business class has been increased from 9% to 12% with input tax creditable for both goods and services procured by airlines. Petroleum products including ATF are presently […]
During the course of investigation/enquiries /search & seizure operations etc. conducted by the Investigation Wing of the Department, a lot of information is gathered. Further, after demonetization , substantial data regarding cash deposits in bank accounts is available, which is being analyzed by your teams.
It has now been decided to extend online referral of WCCB to all Customs EDI locations with effect from 31st July, 2017. The mapping of Customs EDI locations to WCCB offices shall remain the same as it was for imports.
