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Master Circular – Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM)

November 26, 2019 774 Views 0 comment Print

Master Circular – Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM)- DAY-NRLM is the flagship program of Govt. of India for promoting poverty reduction through building strong institutions of the poor, particularly women, and enabling these institutions to access a range of financial services and livelihood services.

Several measures taken to ensure timely payments to MSMEs

November 25, 2019 930 Views 0 comment Print

Union Government is aware that MSMEs are facing challenges in getting due payments on time from large corporations. In order to ensure timely payments and to prevent their accounts from being treated as Non-Performing Assets (NPAs), Government has taken following steps:

Mere signing against a particular column of format is nothing but a mechanical approval

November 25, 2019 1965 Views 0 comment Print

Ld. CIT acted mechanically in order to discharge his statutory obligation when he merely wrote on the format Yes, I am satisfied. In the case in hand, the Id. CIT has even not written any affirmative sentence or word but has just signed against the column which was pre-typed Yes.

UTGST: Bus body building includes building of body on chassis of any vehicle

November 22, 2019 438 Views 0 comment Print

Seeks to insert explanation regarding Bus Body Building in Notification No. 11/2017-Union Territory Tax (Rate) dt. 28.06.2017 which is ‘For the purposes of this entry, the term ‘bus body building’ shall include building of body on chassis of any vehicle falling under chapter 87 in the First Schedule to the Customs Tariff Act, 1975.’ Government […]

Web Portal for exchange of information on Income Tax Website

November 22, 2019 1227 Views 0 comment Print

Shri P.C. Mody, Chairman, Central Board of Direct Taxes (CBDT), inaugurated the Web Portal for Exchange of Information on Income Tax Website here today.

Seller guilty of not passing ITC Benefit to Customers on Sanitary Napkin

November 21, 2019 1032 Views 0 comment Print

It is also evident from above narration of facts that Respondent has denied benefit of rate reduction to buyers of product Sanitary Napkin in contravention of the provisions of Section 171 (1) of the CGST Act, 2017 and has thus resorted to profiteering, which is an offence under section 171 (3A) of the CGST Act, 2017

HC explains Entire law on formation of AOP & taxability of off-shore supply & services 

November 21, 2019 17511 Views 1 comment Print

Linde AG, Linde Engineering Division & Anr. Vs DDIT (Delhi High Court) Hon’ble high court held that  ‘mere cooperation’ between consortium members not results in an AOP. High Court held that where there is an independent / separate scope of work for each member coupled with no profit / loss or risk sharing between the […]

Open online portal to enable petitioner to file Form TRAN-1

November 21, 2019 1848 Views 0 comment Print

Aagman Services Private Limited Vs Union of India & Ors. (Delhi High Court) High Court held that although the failure was on the part of the assessee to enter the GST input credit in the wrong column of the TRAN-1, the error was inadvertent and bona fide – High Court directed the Department to either […]

Sub- Usage of CERSAI (Central Registry of Securitization Asset Reconstruction and Security Interest of India)

November 21, 2019 5385 Views 0 comment Print

‘CERSAI’ known as Central Registry of Securitization Asset Reconstruction and Security Interest of India has been established as a government company. It was formed for the purpose of operating a registration system mainly to safeguard the interest of lenders and property buyers. It aims to discourage the practice of taking out multiple loans from several […]

IICCI, Delhi enlisted under Appendix 2E of FTP

November 20, 2019 441 Views 0 comment Print

M/s Indian Importers Chambers of Commerce and Industry, Delhi, is enlisted under Appendix 2E of FTP, 2015-2020 for issuing Certificate of Origin (Non-Preferential)

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